December 3, 2021

Cycling Wear Market will Accelerate at a CAGR of 7.16% from 2020 to 2025|17000+ Technavio Reports

NEW YORK, Nov. 11, 2021 /PRNewswire/ — The cycling wear market size is set to grow by USD 3.21 billion…

NEW YORK, Nov. 11, 2021 /PRNewswire/ — The cycling wear market size is set to grow by USD 3.21 billion from 2020 to 2025, at a CAGR of 7.16% according to the latest report by Technavio. 

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Cycling Wear Market 2021-2025: Scope

The report also covers the following areas:

Cycling Wear Market 2021-2025: Vendor Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period.  To help businesses improve their market position, the cycling wear market provides a detailed analysis of around 25 vendors operating in the market. adidas AG, ASSOS of Switzerland GmbH, Fox Racing Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH and Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc. are some of the major market participants.

Cycling Wear Market 2021-2025: Drivers & Challenges

The increased adoption of cycling to maintain fitness, the growing participation of women in cycling activity, and the high influence of celebrity endorsements on purchase decisions will offer immense growth opportunities for Cycling Wear Market. However, the availability of counterfeit products will hamper market growth. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Cycling Wear 2021-2025: Segmentation

  • Product
    • Clothing
    • Footwear
    • Others
  • Geography
    • Europe
    • North America
    • APAC
    • South America
    • MEA

Cycling Wear 2021-2025: Key Regions

30% of the market’s growth will originate from Europe during the forecast period. Germany, the UK, and France are the key markets for cycling wear in Europe. The high popularity of cycling as a sport and fitness activity and increased demand for bicycles and related products will facilitate the cycling wear market growth in Europe over the forecast period

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Cycling Wear Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist cycling wear market growth during the next five years
  • Estimation of the cycling wear market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the cycling wear market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cycling wear market vendors

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Cycling Wear Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 7.16%

Market growth 2021-2025

USD 3.21 billion

Market structure

Fragmented

YoY growth (%)

6.12

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 30%

Key consumer countries

US, China, Germany, UK, and France

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, ASSOS of Switzerland GmbH, Fox Racing Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH and Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Download a free sample now to uncover highlights deployed by companies of cycling wear market.

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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