Canada Cycling Wear Market Size & Outlook, 2022-2030
Canada cycling wear market, 2018-2030 (US$M)
Related Markets
Canada cycling wear market highlights
- The Canada cycling wear market generated a revenue of USD 153.9 million in 2022 and is expected to reach USD 304.9 million by 2030.
- The Canada market is expected to grow at a CAGR of 8.9% 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.
Cycling wear market data book summary
| Market revenue in 2022 | USD 153.9 million |
| Market revenue in 2030 | USD 304.9 million |
| Growth rate | 8.9% (CAGR from 2022 to 2030) |
| Largest segment | Cycle wear apparel |
| Fastest growing segment | Cycle wear accessories |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 2.5% of the global cycling wear market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. cycling wear market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 304.9 million by 2030.
Cycle wear apparel was the largest segment with a revenue share of 57.57% in 2022. Horizon Databook has segmented the Canada 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.
Biking has witnessed tremendous traction in the last few years, with an additional boost during the COVID-19 pandemic. Millions of consumers have opted to ride bikes instead of travelling by car. Transportation is the largest source of greenhouse gases in Canada and cars and light trucks account for 58% of transportation emissions.
Switching from cars to bikes helps curb emissions much faster than switching to electric cars. Additionally, the government has also been taking various initiatives to build the infrastructure needed to make cycling safer. Such efforts will boost the cycling wear market in the country.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada cycling wear market size, by product, 2018-2030 (US$M)
Canada Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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