February 23, 2024
cycling wear market

Cycling Wear Market is expected to be Flourished by Rising Health Consciousness

The global Cycling Wear Market includes various apparel and accessories such as jerseys, jackets, shoes, gloves, glasses, and helmets that cyclists use when riding bikes. With increasing health issues due to sedentary lifestyles and growing obesity rates, many people are taking up cycling as a form of exercise to stay fit. This has propelled the demand for advanced cycling wear that offers safety, breathability, and sweat-wicking properties. Cyclists prefer casual as well as sports-specific cycling apparel and shoes made of quick-dry and stretchy fabrics to enhance comfort during rides. The incorporation of smart textiles that can track vital health metrics is also gaining traction in the market.

The global Cycling Wear Market is estimated to be valued at US$ 5632.18 Mn in 2024 and is expected to exhibit a CAGR of 12.% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics:
One of the key drivers for the cycling wear market is the rising health consciousness. As mentioned in the heading, with growing obesity and lifestyle diseases, people are taking up cycling as an exercise activity which is propelling the demand for advanced cycling wear. Another driver is the incorporation of new technologies in cycling wear. Many companies are coming up with smart fabrics that can monitor vital health statistics like heart rate, calories burned etc. These connected features are attracting more users and driving the market growth. Such technologies offer safety, comfort and aid in monitoring health goals which is fueling their demand.

Segment Analysis
The cycling wear market can be segmented into upper body wear, lower body wear, footwear and others. The lower body wear segment dominates the market and accounts for over 35% share. Lower body wear such as cycling shorts, bib shorts and tights offer maximum comfort and elasticity to the cyclists during rides, thus driving its demand over other segments.

PEST Analysis
Political: The government focuses on promoting cycling-friendly infrastructure such as protected bike lanes, which is encouraging the use of cycling gear. This is supporting the growth of the cycling wear market.

Economic: Rising incomes and health consciousness are contributing to higher spending on premium and technical cycling apparel. Additionally, increasing participation in amateur and professional cycling events is fueling the demand for high-performance cycling wear.

Social: Cycling is gaining popularity as a fitness and recreational activity. Also, rising environmental concerns are promoting cycling as a sustainable mode of transportation in urban areas. This social trend is boosting the sales of cycling wear.

Technological: Leading companies are focusing on developing moisture-wicking, stretchable and breathable fabrics. They are also incorporating smart features such as GPS trackers and heart rate monitors into cycling wear. These technological advancements are driving the demand.

Key Takeaways
The Global Cycling Wear Market Size is expected to witness high growth over the forecast period.

Regionally, Europe remains the largest market for cycling wear. Higher awareness about fitness and cycling culture along with government support for infrastructure are driving the European market.

Key players operating in the cycling wear are Alpha MOS, E-Nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, Scensive Technology, Envirosuite Limited, RoboScientific Ltd., Chromatotec and Intelligent Optical Systems, Inc. Key players are focusing on new product innovation and development of breathable fabrics with improved moisture management to gain more customers.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it