Asia Pacific Cycling Wear Market Size & Outlook, 2022-2030
Asia Pacific cycling wear market, 2018-2030 (US$M)
Related Markets
Asia Pacific cycling wear market highlights
- The Asia Pacific cycling wear market generated a revenue of USD 1,520.2 million in 2022.
- The market is expected to grow at a CAGR of 9.3% from 2023 to 2030.
- In terms of segment, cycle wear apparel was the largest revenue generating product in 2022.
- Cycle wear accessories is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,520.2 million |
| Market revenue in 2030 | USD 3,101.8 million |
| Growth rate | 9.3% (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 |
| Key market players worldwide | Lumiere, Giro Sport, Castelli Cycling, Rapha, Champion System, United Apparel, ASSOS of Switzerland, Endura, Isadore, 2XU |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.8% of the global cycling wear market in 2022.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,101.8 million by 2030.
Cycle wear apparel was the largest segment with a revenue share of 58.85% in 2022. Horizon Databook has segmented the Asia Pacific 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.
Cycling has long been considered to be one of the most flexible, reliable, and eco-friendly ways of transport. In recent years, there has been an increase in the adoption of cycling to maintain fitness. This, combined with the rising participation of women in cycling, is boosting the cycling wear market in the region. For instance, Greenpeace India’s “Power the Pedal” initiative seeks to help women reclaim space in cities through riding bicycle.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific cycling wear market size, by country, 2018-2030 (US$M)
Asia Pacific Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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