South Africa Cycling Wear Market Size & Outlook, 2022-2030
South Africa cycling wear market, 2018-2030 (US$M)
Related Markets
South Africa cycling wear market highlights
- The South Africa cycling wear market generated a revenue of USD 168.6 million in 2022 and is expected to reach USD 336.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 9% 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 168.6 million |
| Market revenue in 2030 | USD 336.6 million |
| Growth rate | 9% (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, South Africa accounted for 2.8% 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 58.9% in 2022. Horizon Databook has segmented the South Africa 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.
South Africa is a beautiful country with interesting terrain for bicycle tours of any length. While the country is currently facing issues of finance, racism, and a lack of technological infrastructure, South Africa is arguably one of the best locations in the world for both guided and self-supported bicycle tours. Several South African cycling routes offer spectacular scenery.
Additionally, the government has been taking numerous initiatives to further encourage cycling as a sport in the country. For instance, Grow Cycling is Cycling South Africa’s strategic vision to transform the way it develops to deliver the performance of tomorrow’s talent by becoming a financially sustainable non-profit sports organization by harnessing partnerships and sound governance.
Thus, as the cycling market grows in South Africa, there is immense potential for the cycling wear market to grow and expand.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Cycling Wear Market Scope
Cycling Wear Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa cycling wear market size, by product, 2018-2030 (US$M)
South Africa Cycling Wear Market Outlook Share, 2022 & 2030 (US$M)
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
