Bicycle Apparels and Accessories Market Share, Trends & Growth Report 2032
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| Bicycle Apparels & Accessories Market |
Bicycle Apparels and Accessories Market Overview:
The globally curated report on the bicycle apparel and
accessories market provides analysis and insights regarding the various factors
expected to be prevalent throughout the forecast period while impacting the
market’s growth. Rapid urbanization is escalating the growth of the bicycle
apparel and accessories market.
The
Bicycle Apparels and Accessories Market Share is expected
to witness growth at a rate of 5.05% in the forecast period by the end of 2032.
It is expected to reach the value of USD 10.5 Billion by 2032.
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 a 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 the 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 the 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 the rise in interest in
riding bicycles as a sustainable model of transportation in urban areas further
influence the market. Additionally, an 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.
Market Segmentation:
The bicycle apparel and accessories market is segmented
based on type, category, and distribution channel.
● The bicycle apparel and accessories market is segmented
into helmets, jerseys and tees, gloves, pants and shorts, goggles and glasses,
protection gears, and socks based on their use.
● The bicycle apparel and accessories market is segmented
into mountain bikes, road bikes, city bikes, and others.
● Based on distribution channels, the global market is
segmented into store-based and non-store-based. Store-based is further
segmented into supermarkets, hypermarkets, convenience stores, and others.
Top Companies:
Prominent players in the global bicycle apparels &
accessories market include Adidas AG (Germany), Giant Bicycles, Inc (Taiwan),
Specialized Bicycle Components, Inc. (US), Trek Bicycle Corporation (US), ASSOS
of Switzerland GmbH (Switzerland), Rapha Racing Limited (UK), POC Sports
(Sweden), Fox Head Inc (US), 100% Speedlab, LLC (US), PEARL iZUMi (US),
Manifattura Valcismon S.P.A. (Italy), Black Sheep Cycling (Australia), Velocio.
(US), Pas Normal Studios (Denmark), and Vaude (Germany).
Regional Analysis:
The European region dominates the Bicycle
Apparels and Accessories Market Trends because of the
introduction of electric bicycles. Asia-Pacific is expected to witness high
growth during the forecast period of 2021 to 2028 because of the consumers’
inclination towards using quality cycling wear apparel and safety gear in the
region.
Industry News:
● In 2019, LE Col took to the international scale to expand
its product line. It launched the Hors category cycling jersey with advanced
four-way stretch fabric that offers high breathability to the user.
● In 2019, another bicycle apparels and accessories market
company - Assos, launched rain gloves to keep the hands warm and dry. The rain
gloves have a flat palm and subtly printed grippers for road riding, improved
ergonomics, and a minimal number of seams.
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