Japan Cycling Wear Market Size & Outlook, 2022-2030
Japan cycling wear market, 2018-2030 (US$M)
Related Markets
Japan cycling wear market highlights
- The Japan cycling wear market generated a revenue of USD 191.4 million in 2022 and is expected to reach USD 400.4 million by 2030.
- The Japan market is expected to grow at a CAGR of 9.7% 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 191.4 million |
| Market revenue in 2030 | USD 400.4 million |
| Growth rate | 9.7% (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, Japan accounted for 3.1% 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 60.87% in 2022. Horizon Databook has segmented the Japan 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 multiple health benefits that include increased muscle strength and flexibility, improved joint mobility, improved posture and coordination, decreased stress levels, strengthened bones, decreased body fat levels, and reduced anxiety and depression. Cycling also helps protect the environment by not causing any sort of pollution in the atmosphere.
Growing awareness among people regarding the many benefits of cycling over other modes of transportation has triggered the demand for appropriate cycling wear in Japan. The government and administrative bodies such as the Japan Cycling Federation (JCF) have national policies in place for promoting cycling to implement sustainable urban transport.
Global sporting competitions such as the Olympic Games are further fortifying the millennial population to take up cycling as an activity. The global outbreak of coronavirus also encouraged many to take up cycling to stay fit and to avoid public transport. Even before the pandemic, millions in Japan relied on bicycles to do odd jobs or get to work. But when stay-at-home orders temporarily curtailed daily life, the role of bicycles transformed significantly, giving the market a major boost.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Japan cycling wear market size, by product, 2018-2030 (US$M)
Japan Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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