The Global Cycling Wear Market is estimated to be valued at US$ 5632.18 Mn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Cycling Wear market are Alpha MOS, E-Nose Pty, The E-nose Company, Electronic Sensor technology, Scent Science Corporation, Airsense Analytics GmbH, Scentsational Technologies, Scensive Technology, Envirosuite Limited, RoboScientific Ltd., Chromatotec and Intelligent Optical Systems, Inc. The increasing popularity of road cycling, mountain biking and indoor cycling for recreational activities and fitness has led to robust demand for various types of cycling apparel and accessories. Major global manufacturers are expanding their presence across countries with a growing cycling culture like the United States, China, Germany, France and the UK.

Market drivers

One of the key drivers for the Cycling Wear Market Trends is the growing health awareness among consumers and popularity of cycling as an effective fitness activity. The rising obesity levels and lifestyle diseases have encouraged people to take up cycling both for leisure and as a routine exercise. Initiatives by governments and organizations to promote cycling as an eco-friendly commute have also increased the number of daily cyclists. Furthermore, recent trends like indoor cycling, Zwifting and social cycling groups have made this activity more interactive and enjoyable for participants, boosting sales of specialized cycling gear.

The current geopolitical scenario is impacting the growth of the Cycling Wear Market. With rising tensions between countries, fuel prices have increased globally. This has made personal transportation more expensive and biking a cheaper alternative. However, political unrest in some countries is deterring citizens from taking up cycling as a hobby or mode of daily commute due to safety concerns. Manufacturers need to focus on producing high-quality, durable Cycling Wear that provides protection even in harsh weather conditions. They should partner with local suppliers to minimize import costs and make products affordable. Offering customized clothing lines for police and military cycling units can help companies generate stable revenue during unpredictable times. Looking ahead, promoting cycling as a healthier lifestyle and socially-distanced sport can boost the market if geopolitical risks stabilize in the coming years.

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