Cycling wear

Cycling Wear Market - Global Industry Insights, Trends, Outlook,
and Opportunity Analysis, 2018-2025
Cycling wear involves use of garments or gears for enhancing the performance or for
comfort during cycling. Increasing number of people are opting for cycling as a
hobby and the market is driven by a growing portion of the population living healthier
lifestyles and their stronger participation in sports and fitness activities. Hence, owing
to these factors and increased consumer awareness, the global cycling wear market
is expected to gain a significant traction over the forecast period.
Request For Sample Copy of this Research Report :
https://www.coherentmarketinsights.com/insight/request-sample/1636
According to the World Health Organization (WHO), increasing sedentary lifestyle is
contributing to various lifestyle diseases such as diabetes and cardiovascular
diseases due to physical inactivity, incorrect body posture, and other such factors.
According to an article published in Down to Earth, over 61% of all deaths in India
were due to lifestyle or non-communicable diseases (NCDs), in 2017. People even
travel shorter distances on vehicles in spite of being able to walk or cycle to the
destination, owing to growing use of transport. According to WHO, ​commuters who
cycle to work have 41% lower risk of dying from all causes than people who
drive or take public transport. C​ycles also help in reducing noise pollution, which
is one of the major factor for increasing adoption of cycling.
Governments in various cities are focusing on initiatives to carve out cycling routes
for cyclists, which is a significant factor for increasing adoption of cycling. For
instance, The Government of India in 2017 built cycling tracks in 10 cities in the
region along the arterial roads to promote cycling as a mode of intra-city transport.
Market Dynamics
Various governments are focusing on initiatives to encourage people to adopt
cycling. For instance, Essex, a county in Southeast England, came up with The Cake
Escape, which was launched in August 2013. It is a joint venture between Essex
County Council and Sustrans—a UK sustainable transport charity—to increase the
number of people cycling. This is expected to increase the number of people opting
for cycling, thus in turn aiding in growth of the market.
Nonetheless, the increase in the sale of sports apparel is equally helping the global
cycling wear market to grow. According to Coherent Market Insights, the revenue in
the Sports & Outdoor segment had amounted to US$ 53,024 million in 2017.
Likewise, technological developments like Zero Sweat Sport Tees designed to
absorb the sweat has also led to the growth in sales of sports apparel, especially the
sports tee shirts segment.
One of the major factors restraining the growth of the market is low disposable
income in emerging economies. According to The Energy and Resources Institute,
for low income households in India, the price of cycles is perceived to be high due to
which cycle sales in the country are low. The price of the cheapest cycle in rural
India is about 15% of the annual per capita rural income as compared to about 2.5%
in rural China. Moreover, underdeveloped and many developing countries do not
have proper road infrastructure for cycling, which could hinder growth of the market.
Market Outlook
Europe is expected to account for be largest share in the global cycling wear market.
The region is known for its cycling destinations such as Belgium, France, and
Switzerland. Government of these countries have stringent rules and regulations
pertaining to cycling, as in, cycling wear or at least cycling headgear is mandatory for
a person to ride the bicycle. This is a major factor driving growth of the market. For
instance, The German Bicycle Law states that a good bicycle helmet should have a
hard outer shell made of reflective material, air vents, and air duct bars on the air
vents to protect against insects and closure straps. Also, cycling helmets should
have the mark inside the shell that they conform to the ÖNORM EN 1078.
According to Coherent Market Insights, in Switzerland, 5% of all trips and 10% of
trips to work are facilitated through cycles. Also, there are plenty of cycle renting
shops in the region that provide cycles and cycling wear to the locals and tourists.
These factors are expected to aid in growth of the market in the region over the
forecast period.
Furthermore, Copenhagen has 350 km of cycle paths and lanes, which are raised
from the road and are safe to cycle on. The Copenhagenize Design Company, has
re-established bicycle as a mode of transport in the cities and has implemented
bicycle strategies such as chalking out safe cycle routes to schools, location-specific
streetscape design and bicycle parking analyses, cycling necessities, owing to which
the citizens are shifting their preference towards cycling, thus in turn, aiding in
growth of the market.
Key Players
Players in the market are focusing on various strategies to sustain their position in
the competitive market such as merger, acquisition, partnership, and product
innovation. For instance, Nike, Inc., in 2017, entered into a global partnership with
Amazon so that it could sell its product on Amazon’s platform.
Key players operating in the global cycling wear market are Nike, Inc., PUMA SE,
Specialized Bicycle Components, Inc., ASSOS of Switzerland GmbH, Nike, Inc.,
Merida Industry Co. Ltd., and Giordano International Ltd.
For More Information:
https://tinyurl.com/y7hwpmlf
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering
action-ready syndicated research reports, custom market analysis, consulting
services, and competitive analysis through various recommendations related to
emerging market trends, technologies, and potential absolute dollar opportunity.
Contact Us:
Mr. Shah
Coherent Market Insights
1001 4th Ave,
#3200
Seattle, WA 98154
Tel: +1-206-701-6702
Email​: sales@coherentmarketinsights.com