Bicycle Apparels & Accessories Market Share, Size, Trends, Industry Analysis, Forecast and Future Outlook - 2032

 

Bicycle Apparels and Accessories Market

Market Overview

Bicycle Apparels & Accessories Market Size was valued at USD 6.8 Billion in 2022. The bicycle apparels & accessories market industry is projected to grow from USD 7.1 Billion in 2023 to USD 10.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.05% during the forecast period (2023 - 2032) 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.

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.

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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.

Regional Analysis

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American bicycle apparels & accessories market area will dominate this market, because of technical improvements such as the incorporation of airbags and LEDs in helmets. Furthermore, important manufacturers prioritise promotional operations to raise customer knowledge of new products, increasing the growth of the North American market.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

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Industry News

In December 2022, TheSurge Pro, Giant Bicycles' premier road shoe, has been named "gear of the year" by both BikeRadar and BikeRumor.com. The Surge Pro is Giant's lightest, most efficient road shoe, as tested and confirmed by WorldTour cyclists including grand tour champion Simon Yates.

 In January 2023, POC, a Swedish cycling apparel and accessories manufacturer, has released Propel, a pair of cycling glasses that are "designed to enhance aerodynamics and performance" by minimising turbulence caused by the rider's ears.

In March 2021,Speedlab introduced New Rideley and New Fade Colors of Spring 2021, including SP21 Active Performance sunglasses under the Ridely brand.

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