Global Cycling Wear Market Size & Outlook, 2022-2030
Global cycling wear market, 2018-2030 (US$M)
Related Markets
Global cycling wear market highlights
- The global cycling wear market generated a revenue of USD 6,128.6 million in 2022 and is expected to reach USD 11,514.8 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 8.2% by 2030.
- In terms of segment, cycle wear apparel accounted for a revenue of USD 3,595.6 million in 2022.
- Cycle wear accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Europe was the largest revenue generating market in 2022.
- Country-wise, France is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 6,128.6 million |
| Market revenue in 2030 | USD 11,514.8 million |
| Growth rate | 8.2% (CAGR from 2022 to 2030) |
| Largest segment | Cycle wear apparel |
| Fastest growing segment | Cycle wear accessories |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Cycle wear apparel, Cycle wear accessories, Cycle wear shoes |
Other key industry trends
- In terms of revenue, the North America accounted for 26.0% of the global cycling wear market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, France is the fastest growing regional market and is projected to reach USD 420.4 million by 2030.
Cycle wear apparel was the largest segment with a revenue share of 58.67% in 2022. Horizon Databook has segmented the Global cycling wear market based on cycle wear apparel, cycle wear accessories, cycle wear shoes covering the revenue growth of each sub-segment from 2018 to 2030.
Mountain bike trail counts across the United States were showing increases of 100% to over 500% in 2020, compared with the same time in 2019. Bike makers continue to see a surge in sales from entry-level mountain biking options to the most expensive boutique brands. NPD Sports reported a 117% increase in sales in April and May 2020, compared with 2019 numbers.
Local bike shops have been swamped with service work and parts accessories sales since the outbreak of the pandemic, proving that consumers have either pulled out older bikes to get them ready for the trails or ridden enough that repairs are needed. Riders are well aware there are risks involved in mountain biking with 59.7% saying they felt they were taking moderate risks and 9% taking substantial risks as per the 2020 Outdoor Participation Survey. According to the Federal Highway Administration (FHWA), from 2007 to 2019, 9,768 cyclists have died across the U.S. If we consider the average, that 751 cyclists each year.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global cycling wear market size, by regions, 2018-2030 (US$M)
Top 10 countries: Cycling wear market size, 2022 (US$M)
Global cycling wear market share, by product, 2022 & 2030 (%, US$M)
Cycling wear market: Opportunity assessment by country
Global cycling wear market, by region, 2022 (US$M)
Related regional statistics
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