Saudi Arabia Cycling Wear Market Size & Outlook, 2022-2030
Saudi Arabia cycling wear market, 2018-2030 (US$M)
Related Markets
Saudi Arabia cycling wear market highlights
- The Saudi Arabia cycling wear market generated a revenue of USD 88.6 million in 2022 and is expected to reach USD 180.9 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 9.3% 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 88.6 million |
| Market revenue in 2030 | USD 180.9 million |
| Growth rate | 9.3% (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, Saudi Arabia accounted for 1.4% 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 Middle East & Africa, South Africa cycling wear market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 180.9 million by 2030.
Cycle wear apparel was the largest segment with a revenue share of 58.92% in 2022. Horizon Databook has segmented the Saudi Arabia 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 2018, research by the General Sports Authority (GSA) showed that there was a significant increase in the number of Saudis embracing sports and exercise and adopting healthy habits. Cycling is one of Saudi Arabia’s fastest-growing sports and women in the country take the lead, engaging in exercising and physical activity.
The introduction of all-women cycling race series held in Jeddah, Riyadh, and Al Khobar is one of the key factors boosting cycling among women. More than 1,000 women participated in the country’s first major women’s cycling event in January 2020, which reflected the societal changes in culture and attitudes in Saudi Arabia led by Vision 2030.
This transformative period in Saudi history with regard to health and wellness has been particularly strong over the last two years, following a wave of reforms. This, in turn, is positively supporting the growth of the cycling wear market.
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Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia cycling wear market size, by product, 2018-2030 (US$M)
Saudi Arabia Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
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