Market revenue in 2022 | USD 1,149.8 million |
Market revenue in 2030 | USD 2,057.0 million |
Growth rate | 7.5% (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 |
Cycle wear apparel was the largest segment with a revenue share of 57.78% in 2022. Horizon Databook has segmented the U.S. 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.
Biking is perceived as a cost-effective, attractive, playful, healthy, and convenient way to get around the city without being stuck in traffic. Bike commuting tripled in Chicago, New York, San Francisco, Washington DC, Minneapolis, Portland, and Denver from 2012 to 2020 and doubled in many other cities.
Every year, the U.S. Census Bureau studies Americans’ commuting habits, including how many people commute by bike. This provides valuable insights on changing commuting patterns and transportation choices in America.
According to these studies, since 2005, states across the U.S. have experienced, on average, a 46% increase in the share of people commuting by bike. Additionally, COVID-19 brought about a dramatic increase in bicycle sales in response to increased anxiety over public transportation and a surge in exercising.
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