Cycling Wear Market Overview:
Clothing and accessories for cyclists are included in the category of cycling wear. Cycling-specific clothing is worn to fit and support the body while cycling. These clothes can be stretched out to give the wearer more comfort. Clothing for cyclists includes items like jerseys, shorts, jackets, and leggings, among others. The cycling wear market report includes a forecast for market size as well as PORTER, PESTLE, and segment analyses based on product, channel of distribution, and region.
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Increasing the prevalence of chronic diseases such as hypertension, diabetes and obesity due to lifestyle changes and unhealthy eating habits will increase the cycling habits recommended by doctors and health coaches to maintain good health are driving the growth of the cycling wear market.
The increasing number of cycling events and the growing popularity of sporting events around the world are expected to create favourable opportunities for players active in the cycling wear market through the forecast period. Cycling apparel and gear manufacturers have developed a wide range of cycling apparel and gear to keep their customers loyal to their cycling apparel products.
By Goods, With a 70% market share in 2020, the cycle wear apparel segment dominated the cycling apparel market. The market offers a wide variety of clothing and accessories for cyclists. Cycling wear apparel includes leggings, shorts, gloves, beanies, tights, jackets, and jerseys. These items are made of premium materials that offer the rider a high level of comfort in addition to other qualities like toughness, moisture resistance, waterproofness, windproofness, and high visibility. Cycling apparel is made of flexible material for added comfort because it is made to accommodate and support the body while cycling. Through the anticipated period, these elements are anticipated to fuel the segment's growth.
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Major players in the market are identified through secondary research and their market revenues are determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top manufacturers; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, CEOs, and marketing executives. The percentage splits, market shares, growth rate, and breakdowns of the global markets are determined by using secondary sources and verified through the primary sources. The biggest players in the Cycling Wear market are as follows:
LUMIERE CYCLING (Australia),
ASSOS of Switzerland GmbH (Switzerland)
Giro (The U.S)
Champion System International (Hong Kong)
Castelli Cycling (Italy)
United Apparel Solution Ltd (Hong Kong)
Endura Limited (Italy)
Rapha Performance Roadwear (UK)
2XU Pty. Ltd (Australia)
Isadore apparel (Slovakia)
COVID-19 Impact Analysis on Cycling Wear Market:
Due to a break in operations, end-user sectors where Cycling Wear are used had a decline in growth from January to May in various countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India. This resulted in a large drop in the revenues of firms operating in these industries and, as a consequence, in demand for Cycling Wear manufacturers, affecting the development of the Cycling Wear market in 2020. End-user business demand for Cycling Wear has dropped considerably as a result of lockdowns and a rise in COVID-19 incidents throughout the world.
Key Questions Answered in the Cycling Wear Market Report are:
Which segment had the largest share in the Cycling Wear market in 2021?
What is the competitive landscape of the Cycling Wear market?
Which are the key drivers aiding the Cycling Wear market growth?
Which region has the maximum share in the Cycling Wear market?
What will be the CAGR of the Cycling Wear market during the forecast period (2022-2027)?
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