China Cycling Wear Market Size & Outlook, 2022-2030
China cycling wear market, 2018-2030 (US$M)
Related Markets
China cycling wear market highlights
- The China cycling wear market generated a revenue of USD 429.8 million in 2022 and is expected to reach USD 880.8 million by 2030.
- The China market is expected to grow at a CAGR of 9.4% 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 429.8 million |
| Market revenue in 2030 | USD 880.8 million |
| Growth rate | 9.4% (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, China accounted for 7.0% 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 Asia Pacific, China cycling wear market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 699.4 million by 2030.
Cycle wear apparel was the largest segment with a revenue share of 59.17% in 2022. Horizon Databook has segmented the China 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.
In the past few years, the importance of riding a bicycle has grown to a great extent, supported by increased awareness regarding the benefits of cycling on a regular basis. Riding a bike is a low-impact, fun, and healthy form of exercise for all age groups and can easily fit into one’s daily routine by riding to shops, parks, school, or work.
This physical activity can not only increase one’s cardiovascular endurance performance but can also help protect from serious illnesses such as stroke, heart attack, some cancers, depression, diabetes, obesity, and arthritis. Moreover, the government has been implementing supportive policies in regard to cycling and its infrastructure, which has given a boost to the cycling wear market in China.
For instance, in Beijing, a 6.5-kilometer-long elevated bicycle freeway opened in May 2019 in the city’s northwestern suburbs. The bikes-only path aims to reduce subway congestion for tens of thousands of daily commuters between Huilongguan and Shangdi, one of Beijing’s Silicon Valleys. Beijing Youth Daily reported that the cycling path was used over 40,000 times in its first three days of opening but also saw nearly 4,000 electric bikes and over 8,000 pedestrians.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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China cycling wear market size, by product, 2018-2030 (US$M)
China Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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