According to a new report Global Cycling Wear Market, published by KBV research, The Global Cycling Wear Market size is expected to reach $6.8 billion by 2026, rising at a market growth of 6.4% CAGR during the forecast period.
The segment of cycle wear apparel represented the biggest share of market revenue in 2019 and is anticipated to keep up its lead over the forecast period. There is a wide scope of cycling wear attire and garments available in the market. Cycle wear accessories are anticipated to grow at the highest CAGR from 2020 to 2027. One of the significant cycling wears is headgear or helmets, which offer security and comfort to the rider during cycling.
Hypermarket and supermarket stores held the biggest share of market revenue in 2019. A few purchasing schemes and accessibility of a wide scope of items in these stores with a unique presence of sports item segments are boosting the segment. E-commerce channel is extended to grow at the highest CAGR from 2020 to 2026. This is credited to the expanding impact of digital marketing techniques deployed by the brands to sell their items.
Europe represented the biggest share of market revenue in 2019 and is anticipated to keep up its lead over the forecast period. Europe has been seeing great development in promoting riding bicycles and that it has additionally infiltrated the market with the introduction of electric bicycles. Asia Pacific is foreseen to grow at the highest CAGR over the forecast period. Nations, for example, South Korea, Japan, and China have shown extraordinary interest in cycling events, which is anticipated to boost the regional market.
Structural Insights: https://www.kbvresearch.com/cycling-wear-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Vista Outdoor, Inc. (Giro Sport Design), LVMH SE (2XU), Lumiere Cycling, Castelli Cycling (Manifattura Valcismon S.p.A.), Rapha Racing Limited (RZC Investments), Champion System, ASSOS of Switzerland GmbH, Endura Limited, Isadore Apparel (Realdealcyclephile s.r.o.), and Attaquer Pty. Ltd.
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