Cycling Wear Market by Product and Geography - Forecast and Analysis 2020-2024

The cycling wear market size has the potential to grow by USD 2.98 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (clothing, footwear, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including ASSOS of Switzerland GmbH, adidas AG, FOX HEAD Inc., Giant Manufacturing Co. Ltd., Jaggad Pty Ltd., Pending System GmbH & Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc.

Market Overview

cycling-wear-market-size
Browse TOC and LoE with selected illustrations and example pages of cycling wear market

Market Competitive Analysis

The market is fragmented due to the presence of several international and regional vendors. These vendors focus on R&D, technology, labor, and branding to compete in the market. Moreover, they invest significantly in the procurement of high-quality raw materials to deliver efficient products and also focus on brand building and brand equity to differentiate themselves from their competitors. Pending System GmbH & Co. KG, Rapha Racing Ltd., Shimano Inc., Trek Bicycle Corp., and Troy Lee Designs Inc. are some of the major market participants. Although the increased adoption of cycling to maintain fitness will offer immense growth opportunities, the availability of counterfeit products will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this cycling wear market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this cycling wear market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

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