Scope of the Study
The increasing popularity of cycling and the introduction of innovative cloths will help to boost global Cycling Clothing market in the forecasting period. Cycling Clothing is clothing designed to be worn while cycling. Cycling wear various cloths includes cycling jerseys, cycling shorts, cycling jacket, and cycling wind coats. With the integration of the world economy and the rapid development of the sports industry. The design, production process, and application of the fabric are also obviously insufficient compared with the developed countries in Europe and America. these factors are act as a key driver of the global market.
The market study is being classified by Type (Professional and Amateur), by Application (Tops and Bottoms) and major geographies with country level break-up. According to AMA, the Global Cycling Clothing market is expected to see growth rate of 7.58% and may see market size of USD4219.33 Million by 2024.
Adidas AG (Germany), Nike Inc. (United States), Specialized Bicycle Components, Inc. (United States), Merida Industry Co. Ltd. (Taiwan), Trek Bicycle Corporation (United States), Capo Cycling Apparel (United States), ASOS plc (United Kingdom), Rapha Performance Roadwear (United Kingdom), Marcello Bergamo (Italy) and Manifattura Valcismon S.p.A.(Castelli) (Italy) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Jaggad (Australia), Shimano American Corporation (Pearl Izumi) (United States), Giant Manufacturing Company (Taiwan), CCN SPORT LIMITED (Hong Kong) and Mysenlan (China).
Research Analyst at AMA predicts that United States and European Vendors will contribute to the maximum growth of Global Cycling Clothing market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Cycling Clothing market by Type, Application and Region.
On the basis of geography, the market of Cycling Clothing has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North Amercia region held largest market share in the year 2018. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Health Awareness across the Globe Leading to Increased Cyclist Population
- Increasing Preferences for Outdoor Exercising Across the Global Population
- Introduction to Light Weight, Sweat Minimizing Cycling Apparels
- Growing Adoption of Online Retail Portals minimized the Marketing Overheads
- Lack of Awareness about Cycling from Undeveloped Economies
- Availability of Several Indoor Substitutes might Stagnate the Demand for Cycling Apparel
- Growing Adoption of Cycling as a Professional Sports from Developing Nations
- Increasing Disposable Incomes across the Global Population
- Upsurging Raw Material Prices as well as Distribution Overheads
On 18 January 2019, Adidas has launched a new sports accelerator program “Platform A” at Station F, the world’s largest start-up campus located in Paris. 13 start-ups have been selected to work with Adidas on new business initiatives for the sports industry starting in January. Adidas has invested a total of one million euros in the development of the program. The accelerators are using the innovative power of the global start-up scene to jointly identify the potential for new strategically important projects.
Key Target AudienceCycling Clothing Manufacturers, Cycling Accessories Manufacturers, Cycling Apparel Distributors and Traders, Research and Development Institutes, Sports Industry Associations, Government Agencies and Upstream and Downstream Buyers
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