Cycling wear market size to grow by USD 1,303.95 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics - Technavio

NEW YORK, Jan. 25, 2023 /PRNewswire/ -- The global cycling wear market size is estimated to increase by USD 1,303.95 million from 2022 to 2027. The market's growth momentum will accelerate at a CAGR of 6.36% during the forecast period - Request a sample report

Global cycling wear market – Vendor analysis
Vendor offerings -

• adidas AG - The company offers cycling wear such as the padded cycling BIB shorts and the short sleeve cycling jersey.
• ASSOS of Switzerland GmbH - The company offers cycling wear such as MILLE GT BIB shorts C2, MILLE GTC Zeppelin cargo shorts C2, and MILLE GT half shorts C2.
• Black Sheep Cycling - The company offers cycling wear such as short sleeve jerseys, long sleeve jerseys, bibs, shorts, and shirts.
• CCN Sport Ltd. - The company offers cycling wear such as Nova gradient blue jersey, Nova block blue jersey, and Nova pro cloudy bay green jersey.
• For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global cycling wear market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer cycling wear in the market are adidas AG, ASSOS of Switzerland GmbH, Black Sheep Cycling, CCN Sport Ltd., Cycle Clothing Ltd., Garmin Ltd, Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Le Col, Manifattura Valcismon SpA, Mysenlan, Nike Inc., Pentland Brands Ltd, Rapha Racing Ltd., Recreational Equipment Inc., SHIMANO INC., Trek Bicycle Corp., Troy Lee Designs Inc., Velocio LLC, and Vista Outdoor Inc. and others.

Vendors focus on R&D, technology, labor, and branding to compete in the market. In addition, they invest significantly in the procurement of high-quality raw materials to deliver efficient products. Vendors also focus on brand building, brand equity, product quality, and innovation to differentiate themselves from their competitors. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

Global cycling wear market - Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity

Global cycling wear market - Segmentation assessment

Segment overview
Technavio has segmented the market based on distribution channel (online and offline) and product (clothing, footwear, and others). 

• The online segment will account for a significant share of the market's growth during the forecast period. Before purchasing a product, most consumers refer to websites, blogs, and social media, which drives the growth of the segment. This is because of the wide penetration and geographical reach of e-retailers. The rise in Internet penetration and the increase in smartphone adoption are also increasing the preference for online distribution channels.

Geography overview
Based on geography, the global cycling wear market is segmented into Europe, North America, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global cycling wear market.

• Europe is estimated to account for 35% of the growth of the global market during the forecast period. Cycling is considered a leisure, recreational, and sports activity in many European countries. Western European countries have well-known cycling wear brands. Therefore, the wide availability of cycling wear is driving the growth of the market in Europe. In addition, the preference for premium cycling wear is high in the region owing to the high living standards, the introduction of innovative products, and the strong brand value of premium products. France, Italy, and the UK are the major contributors to market growth in Europe.

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Global cycling wear market – Market dynamics

Leading drivers - The increase in the adoption of cycling as a fitness activity is driving the growth of the market. Regular physical activities improve physical and mental wellbeing and can alleviate depression, anxiety, tension, and anger. Therefore, the growing awareness about chronic diseases is encouraging people to engage in regular exercise routines and sports activities such as cycling. Moreover, participation in various amateur and professional cycling events is increasing. These factors will increase the demand for cycling wear during the forecast period.

Key trends - The customization of cycling wear, especially among corporate users, associations, and clubs, is a key trend in the market. The popularity of customized products has increased in developed countries as well as in developing countries. Customized cycling wear is priced higher than regular cycling wear. Therefore, during the forecast period, the customization of cycling wear is expected to increase the revenues of cycling wear vendors. These factors will support the growth of the market during the forecast period.

Major challenges - The availability of counterfeit products is challenging market growth. Counterfeit cycling wear costs significantly less than original branded cycling wear. These products are made of low-quality raw materials and are less durable. E-commerce channels have made counterfeit products more accessible globally. Moreover, customers are unable to differentiate between genuine and counterfeit products. These factors will impede market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

What are the key data covered in this cycling wear market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the cycling wear market between 2023 and 2027
• Precise estimation of the size of the cycling wear market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the cycling wear market across Europe, North America, APAC, South America, and Middle East and Africa
• A thorough analysis of the market's competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Cycling Wear Market vendors

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Cycling Wear Market Scope

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Table of contents

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cycling wear market 2017 - 2021 
• Exhibit 18: Historic Market Size – Data Table on Global cycling wear market 2017 - 2021 ($ million)

• 4.2 Distribution Channel Segment Analysis 2017 - 2021
• Exhibit 19: Historic Market Size – Distribution Channel Segment 2017 - 2021 ($ million)

• 4.3 Product Segment Analysis 2017 - 2021 
• Exhibit 20: Historic Market Size – Product Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Distribution Channel

• 6.1 Market segments 
• Exhibit 30: Chart on Distribution Channel - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Distribution Channel - Market share 2022-2027 (%)

• 6.2 Comparison by Distribution Channel 
• Exhibit 32: Chart on Comparison by Distribution Channel
• Exhibit 33: Data Table on Comparison by Distribution Channel

• 6.3 Online - Market size and forecast 2022-2027
• Exhibit 34: Chart on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Online - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Online - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Online - Year-over-year growth 2022-2027 (%)

• 6.4 Offline - Market size and forecast 2022-2027
• Exhibit 38: Chart on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Offline - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Offline - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Offline - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Distribution Channel
• Exhibit 42: Market opportunity by Distribution Channel ($ million)

7 Market Segmentation by Product

• 7.1 Market segments 
• Exhibit 43: Chart on Product - Market share 2022-2027 (%)
• Exhibit 44: Data Table on Product - Market share 2022-2027 (%)

• 7.2 Comparison by Product 
• Exhibit 45: Chart on Comparison by Product
• Exhibit 46: Data Table on Comparison by Product

• 7.3 Clothing - Market size and forecast 2022-2027
• Exhibit 47: Chart on Clothing - Market size and forecast 2022-2027 ($ million)
• Exhibit 48: Data Table on Clothing - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Chart on Clothing - Year-over-year growth 2022-2027 (%)
• Exhibit 50: Data Table on Clothing - Year-over-year growth 2022-2027 (%)

• 7.4 Footwear - Market size and forecast 2022-2027
• Exhibit 51: Chart on Footwear - Market size and forecast 2022-2027 ($ million)
• Exhibit 52: Data Table on Footwear - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Chart on Footwear - Year-over-year growth 2022-2027 (%)
• Exhibit 54: Data Table on Footwear - Year-over-year growth 2022-2027 (%)

• 7.5 Others - Market size and forecast 2022-2027
• Exhibit 55: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 56: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 58: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Product 
• Exhibit 59: Market opportunity by Product ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 61: Chart on Market share by geography 2022-2027 (%)
• Exhibit 62: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 63: Chart on Geographic comparison
• Exhibit 64: Data Table on Geographic comparison

• 9.3 Europe - Market size and forecast 2022-2027
• Exhibit 65: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 66: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 67: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 68: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.4 North America - Market size and forecast 2022-2027
• Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.5 APAC - Market size and forecast 2022-2027
• Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 77: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 78: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 79: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 80: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 81: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 82: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 83: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 84: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 US - Market size and forecast 2022-2027
• Exhibit 85: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 86: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 87: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 88: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.9 China - Market size and forecast 2022-2027
• Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 93: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 94: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 95: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 96: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 97: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 98: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 99: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 100: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 Japan - Market size and forecast 2022-2027
• Exhibit 101: Chart on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 102: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
• Exhibit 103: Chart on Japan - Year-over-year growth 2022-2027 (%)
• Exhibit 104: Data Table on Japan - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 105: Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 106: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape 
• Exhibit 107: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 108: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 109: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 110: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 111: Matrix on vendor position and classification

• 12.3 adidas AG 
• Exhibit 112: adidas AG - Overview
• Exhibit 113: adidas AG - Business segments
• Exhibit 114: adidas AG - Key news
• Exhibit 115: adidas AG - Key offerings
• Exhibit 116: adidas AG - Segment focus

• 12.4 ASSOS of Switzerland GmbH 
• Exhibit 117: ASSOS of Switzerland GmbH - Overview
• Exhibit 118: ASSOS of Switzerland GmbH - Product / Service
• Exhibit 119: ASSOS of Switzerland GmbH - Key offerings

• 12.5 Black Sheep Cycling 
• Exhibit 120: Black Sheep Cycling - Overview
• Exhibit 121: Black Sheep Cycling - Product / Service
• Exhibit 122: Black Sheep Cycling - Key offerings

• 12.6 CCN Sport Ltd. 
• Exhibit 123: CCN Sport Ltd. - Overview
• Exhibit 124: CCN Sport Ltd. - Product / Service
• Exhibit 125: CCN Sport Ltd. - Key offerings

• 12.7 Cycle Clothing Ltd. 
• Exhibit 126: Cycle Clothing Ltd. - Overview
• Exhibit 127: Cycle Clothing Ltd. - Product / Service
• Exhibit 128: Cycle Clothing Ltd. - Key offerings

• 12.8 Garmin Ltd 
• Exhibit 129: Garmin Ltd - Overview
• Exhibit 130: Garmin Ltd - Business segments
• Exhibit 131: Garmin Ltd - Key offerings
• Exhibit 132: Garmin Ltd - Segment focus

• 12.9 Giant Manufacturing Co. Ltd. 
• Exhibit 133: Giant Manufacturing Co. Ltd. - Overview
• Exhibit 134: Giant Manufacturing Co. Ltd. - Business segments
• Exhibit 135: Giant Manufacturing Co. Ltd. - Key offerings
• Exhibit 136: Giant Manufacturing Co. Ltd. - Segment focus

• 12.10 Jaggad Pty Ltd. 
• Exhibit 137: Jaggad Pty Ltd. - Overview
• Exhibit 138: Jaggad Pty Ltd. - Product / Service
• Exhibit 139: Jaggad Pty Ltd. - Key offerings

• 12.11 Le Col 
• Exhibit 140: Le Col - Overview
• Exhibit 141: Le Col - Product / Service
• Exhibit 142: Le Col - Key offerings

• 12.12 Manifattura Valcismon SpA 
• Exhibit 143: Manifattura Valcismon SpA - Overview
• Exhibit 144: Manifattura Valcismon SpA - Product / Service
• Exhibit 145: Manifattura Valcismon SpA - Key offerings

• 12.13 Rapha Racing Ltd. 
• Exhibit 146: Rapha Racing Ltd. - Overview
• Exhibit 147: Rapha Racing Ltd. - Product / Service
• Exhibit 148: Rapha Racing Ltd. - Key offerings

• 12.14 SHIMANO INC. 
• Exhibit 149: SHIMANO INC. - Overview
• Exhibit 150: SHIMANO INC. - Business segments
• Exhibit 151: SHIMANO INC. - Key offerings
• Exhibit 152: SHIMANO INC. - Segment focus

• 12.15 Trek Bicycle Corp. 
• Exhibit 153: Trek Bicycle Corp. - Overview
• Exhibit 154: Trek Bicycle Corp. - Product / Service
• Exhibit 155: Trek Bicycle Corp. - Key offerings

• 12.16 Troy Lee Designs Inc. 
• Exhibit 156: Troy Lee Designs Inc. - Overview
• Exhibit 157: Troy Lee Designs Inc. - Product / Service
• Exhibit 158: Troy Lee Designs Inc. - Key offerings

• 12.17 Vista Outdoor Inc. 
• Exhibit 159: Vista Outdoor Inc. - Overview
• Exhibit 160: Vista Outdoor Inc. - Business segments
• Exhibit 161: Vista Outdoor Inc. - Key offerings
• Exhibit 162: Vista Outdoor Inc. - Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

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