Global Bicycle Apparel and Accessories Market, By Type (Helmets, Jerseys and Tees, Gloves, Pants and Shorts, Shoes, Goggles and Glasses, Protection Gears, Socks, Others), Category (Mountain Bikes, Road Bikes, City Bikes, Others), Distribution Channel (Store-Based, Non-Store-Based), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Bicycle Apparel and Accessories Market
The bicycle apparel and accessories market is expected to witness market growth at a rate of 5.8% in the forecast period of 2021 to 2028 and is expected to reach the value of USD 10,100.0 million by 2028. Data Bridge Market Research report on bicycle apparel and accessories market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of bicycle apparel and accessories market.
Bicycle apparels refer to the type of clothing designed for wearing while cycling as it provides comfort and safety to the rider. These apparels include jerseys and tees, gloves, pants and shorts, and socks. Bicycle accessories are defined as the components related to bicycle consisting of protection gears, bottle cages, and mirrors.
The increase in the number of triathletes across the globe acts as one of the major factors driving the growth of bicycle apparel and accessories market. The rise in prevalence of health-related problems, such as high blood pressure, diabetes, and obesity, amongst the youth and middle-aged people, and growth in awareness related to health and fitness among consumers accelerate the market growth. The high recommendations by doctors and health trainers for regular cycling practices to people to reduce the ill effects of many aforementioned medical conditions, and rise in interest towards riding bicycles as a sustainable mode of transportation in urban areas further influence the market. Additionally, increase in disposable income of people, smart strategic marketing activities by manufacturers, and high e-commerce sales channels positively affect the bicycle apparel and accessories market. Furthermore, product launches extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, rise in number of private label manufacturers is expected to obstruct the market growth. The decrease in regional and international cycling competitions owning to the outbreak of coronavirus is projected to challenge the bicycle apparel and accessories market in the forecast period of 2021-2028.
This bicycle apparel and accessories market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on bicycle apparel and accessories market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Bicycle Apparel and Accessories Market Scope and Market Size
The bicycle apparel and accessories market is segmented on the basis of type, category, and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of material, the bicycle apparel and accessories market is segmented into helmets, jerseys and tees, gloves, pants and shorts, shoes, goggles and glasses, protection gears, socks, and others.
- On the basis of category, the bicycle apparel and accessories market is segmented into mountain bikes, road bikes, city bikes, and others.
- On the basis of distribution channels, the bicycle apparel and accessories market is segmented into store-based and non-store-based. Store-based is further segmented into supermarkets and hypermarkets, convenience stores, and others.
Global Bicycle Apparel and Accessories Market Country Level Analysis
The bicycle apparel and accessories market is analyzed, and market size, volume information is provided by country, type, category, and distribution channel as referenced above.
The countries covered in the global bicycle apparel and accessories market report are the U.S., Canada, and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the bicycle apparel and accessories market because of the introduction of electric bicycles within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the consumers’ inclination towards use of quality cycling wear apparel and safety gear in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Bicycle Apparel and Accessories Market Share Analysis
The bicycle apparel and accessories market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to bicycle apparel and accessories market.
The major players covered in the bicycle apparel and accessories market reports are Lumiere Cycling, GIRO SPORT DESIGN, Manifattura Valcismon S.p.A., Rapha Racing Limited, Champion System, USA, United Apparel Solution Ltd., ASSOS of Switzerland GmbH, Endura, Isadoreapparel, 2XU, Specialized Bicycles, Adidas, Black Sheep Cycling, Upland Sports Group, Giant Bicycles, Rapha Racing Limited, Trek Bicycle Corporation, Velocio, and Ornot Online Store., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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