Europe Cycling Wear Market Size & Outlook, 2022-2030
Europe cycling wear market, 2018-2030 (US$M)
Related Markets
Europe cycling wear market highlights
- The Europe cycling wear market generated a revenue of USD 1,767.6 million in 2022.
- The market is expected to grow at a CAGR of 7.4% 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.
- Country-wise, UK is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 1,767.6 million |
| Market revenue in 2030 | USD 3,119.6 million |
| Growth rate | 7.4% (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, Europe region accounted for 28.8% 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 59.2% in 2022. Horizon Databook has segmented the Europe 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.
With a new name and a big funding up its sleeves, French self-service bike company Fifteen is adding on to the list of e-bike players that have raised big money in March 2022, owing to the mobility and ridesharing boom in Europe. The newly rechristened Parisian startup Fifteen (formed of French mobility companies Smoove and Zoov) raised 40 million euros in funding.
The round was led by Eiffel Essential and 2050, with the participation of investors like Mobivia, Daphni, CDC, C4 Ventures, BNP Paribas Development, and Eric Carrel. Looking to encourage off-peak tourism, a 240km off-road loop was launched in September 2021, with the challenging ride starting and ending in Penzance, U.K.; the ride is expected to take most cyclists three or four days to complete. The new course is an initiative by Cycling UK, which campaigns for more cycle trails, cleaner air, and safer, traffic-free routes.
The charity is also behind the North Downs Way cycle path, the 355km King Alfred’s Way—a circular route that starts and finishes in Winchester, and the 1,288km Great North Trail, which begins in the Peak District and ends in John o’ Groats or Cape Wrath in the north of Scotland. This growing hype of cycling—both as a leisure activity and as a mode of transport—is leading to the demand for more relevant and appropriate biking apparel and accessories.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe cycling wear market size, by country, 2018-2030 (US$M)
Europe Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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