Latin America Cycling Wear Market Size & Outlook, 2022-2030
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Latin America cycling wear market highlights
- The Latin America cycling wear market generated a revenue of USD 746.3 million in 2022.
- The market is expected to grow at a CAGR of 8.4% 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, Argentina is expected to register the highest CAGR from 2023 to 2030.
Latin America data book summary
| Market revenue in 2022 | USD 746.3 million |
| Market revenue in 2030 | USD 1,427.5 million |
| Growth rate | 8.4% (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, Latin America region accounted for 12.2% 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 58.89% in 2022. Horizon Databook has segmented the Latin America 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.
Compared to Europe and North America, cycling tourism is still in its infancy in South America. However, some of the continent’s biggest attractions (Machu Picchu, the vineyards of Mendoza, and Rio’s dazzling beaches) are even more spectacular when viewed by bike. Mountain bikers have the Incas to credit for the hundreds of miles of single track laced throughout the Andes.
The gnarly mountain trails of Peru and Ecuador offer technical terrains and big descents. The vineyards of Chile, Argentina, and Uruguay make the perfect setting for oenophiles to winery hop by bike. Colombia is South America’s epicenter for road cycling. Cycling is gaining further traction as several major races are being organized in the region and popular cyclists are winning international honors.
For instance, Tour Columbia 2.1 was conducted for the third time in 2020 from February 11 to 16. Furthermore, Egan Arley Bernal Gómez, a Colombian cyclist who rides for UCI World Team Ineos Grenadiers, won Tour de France in 2019, becoming the first Latin American rider to do so, and the youngest winner since 1909.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Isadore | View profile | 1-10 | Púchov, Zilina, Slovakia (Slovak Republic), Europe | https://isadore.com/sk |
| Endura | View profile | 1-10 | Livingston, West Lothian, United Kingdom, Europe | https://www.endurasport.com/ |
| ASSOS of Switzerland | View profile | 51-100 | Stabio, Ticino, Switzerland, Europe | https://www.assos.com/int/ |
| United Apparel | View profile | 11-50 | Nasinu, Central, Fiji, Oceania | http://unitedapparel.com |
| Champion System | View profile | 1-10 | Lincoln, Nebraska, United States, North America | https://champ-sys.com |
| Rapha | View profile | 251-500 | London, England, United Kingdom, Europe | https://www.rapha.cc |
| Castelli Cycling | View profile | - | Fonzaso, Veneto, Italy, Europe | https://www.castelli-cycling.com/II/en |
| Giro Sport | View profile | 1-10 | Santa Cruz, California, United States, North America | https://www.giro.com/as_en/ |
| Lumiere | View profile | - | Los Angeles, California, United States, North America | https://lumierefashion.com |
| 2XU | View profile | 101-250 | Hawthorn, Victoria, Australia, Oceania | https://www.2xu.com/us |
Latin America cycling wear market size, by country, 2018-2030 (US$M)
Latin America Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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