Bicycle Apparels & Accessories Market Segmentation, Share, Future Scope, Business Statistics, Innovative Strategy and Forecast by 2032

 

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.

 

Key Companies in the 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.PA. (Italy)
  • Black Sheep Cycling (Australia)
  • Velocio. (US)
  • Pas Normal Studios (Denmark)
  • Vaude (Germany)

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Bicycle Apparels & Accessories Market Segmentation

Bicycle Apparels & Accessories Market By Type Outlook

• • Helmets
  • Jerseys & Tees
  • Gloves, Pants & Shorts
  • Shoes
  • Goggles & Glasses
  • Protection Gears
  • Scoks
  • Others

Bicycle Apparels & Accessories Market By Category Outlook

• • Mountain Bikes
  • Road Bikes
  • City Bikes
  • Others

Bicycle Apparels & Accessories Market By Distribution Channel Outlook

• • Store-Based
  • Supermarkets & Hypermarkets
  • Specialty Stores
  • Others
  • Non-Store-Based

Key questions answered in the report:

• • Which are the five top players of the Bicycle Apparels & Accessories market?
  • How will the Bicycle Apparels & Accessories market change in the next five years?
  • Which product and application will take a lion’s share of the Bicycle Apparels & Accessories market?
  • What are the drivers and restraints of the Bicycle Apparels & Accessories market?
  • Which regional market will show the highest growth?
  • What will be the CAGR and size of the Bicycle Apparels & Accessories market throughout the forecast period?

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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Bicycle Apparels & Accessories Market Analysis

Bicycle Apparels & Accessories Market Share

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