This report presents a weighted analysis of the Cycling Clothing market and provides key insights into various drivers driving sales of Cycling Clothing in the market.
The report also addresses several restraining aspects that are questioning the smart cycling apparel revenue growth along with various growth opportunities for Cycling Clothing manufacturers.
The analysts have used numerous industry-recognized business intelligence tools to consolidate facts, figures and market data into sales estimates and forecasts in the Market Insights of Cycling Apparel.
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Regional and Segmental Analysis
An attractive feature of this report on cycling apparel market is a detailed analysis of various market segments and the regional cycling apparel markets.
The report scrutinizes the performance of the cycling apparel market on the basis of product type, sales channel, and demographics along with region.
Critical volume and value data is provided for each segment of cycling apparel market for the entire duration of the assessment period.
Segmental insights and data analysis are indicated in separate chapters dedicated to each of the cycling apparel market segments.
In these chapters, the report studies various market forces influencing the revenue growth of the market segments and also provides intelligence on regional factors impacting the growth of the cycling apparel market in various countries across the globe.
These sections reflect useful information on the demand and supply picture of cycling apparel and support the reader in making crucial investment decisions. Below is the extensive market segmentation of cycling apparel market.
Cycling Apparel Market: Growing Number of Cyclists to Augment Demand
According to World Bank analysis, around 2 billion bicycles are in use across the globe and there is a strong likelihood that the number might reach five billion mark by end of 2050. Furthermore, more than 100 million bicycles are being manufactured per year. In addition, World Bicycle Relief (WBR) has distributed more than 200,000 specially designed bicycles to healthcare workers and students across South America, Africa and Southeast Asia. This aspect has significantly fuelled the use of cycling apparel, in turn pushing the growth of the cycling apparel market during the period of forecast.
Cycling Apparel Market: Electrification of Bicycles Opening New Frontiers
While manufacturers have been delivering cycling apparels for standard bicycle, retail shelves of sports variety stores and other retail outlets are expected to witness a new addition of cycling apparel specifically for electric bikes including quickly removable body armor parts. Moreover, according to Institute for Transportation and Development Policy (ITDC), electric bicycles accounted for a significant percentage last year and is expected to touch 11 percent by 2030 end. Albeit higher costs associated with the product, the preference for electric bicycles is expected to influence the use of cycling apparel, in turn supporting the growth of the cycling apparel market during the period of forecast.