Description
Global Bicycle Apparels & Accessories Market Forecast till 2027
Market Overview
The global bicycle apparels & accessories market is projected to register a CAGR of 5.05% and reach a value of USD 9,529.1million by 2027. The bicycle accessories such as clothing for comfortable and safe cycling such as jerseys and tees, gloves, pants and shorts, and socks are trending these days. The global market growth is driven by the existence of safety regulations and laws concerning helmets, jackets, and other protective clothing by the government is expected to propel the growth of the global bicycle apparels & accessories market during the assessment period.
The global bicycle apparels & accessories market is estimated to exhibit substantial market growth during the review period. The global market growth is attributed to the stringent government regulations for personal protective equipment and increasing participation in outdoor activities. However, the customer inclination towards necessary goods due to the Covid19 pandemic limits the market growth.
Market Segmentation
The global bicycle apparels & accessories market has been segmented by type, category, distribution channel, and region.
In terms of type segment, the global bicycle apparels & accessories market has been classified into helmets, jerseys & tees, gloves, pants & shorts, shoes, goggles & glasses, protection gears, socks, others.
Based on category segment, the global market has been classified into mountain bikes, road bikes, city bikes, and others.
By distribution channel, the global bicycle market has been bifurcated into store-based and non-store-based. The store-based channel has further been divided into supermarkets & hypermarkets, specialty stores, and others.
Regional Analysis
Based on region, the global bicycle apparels & accessories market has been classified into North America, Europe, Asia-Pacific, South America, and the Middle East & Africa.
Europe is expected to lead the global market with the predicted CAGR of 5.10% during the review period owing to the largest contribution of 34.22% in 2019. The regional market is distributed over Germany, the UK, France, and Italy. The growth of the market is fuelled by the growing sales of bicycle apparel & accessories.
The North American bicycle market is attributed to the increasing product cases of prominent manufacturers with advanced features, materials, and designs of different product types. Additionally, the technology revolution, such as the use of Led bags in helmets is further propelling the global market growth of bicycle apparel & accessories market in the region. The market in Asia-Pacific is expected to record rapid market growth with the largest CAGR during the review period.
Major Players
The major market players of the global bicycle apparels & accessories market are Adidas AG (Germany), Inc. (the US), Trek Bicycle Corporation (US), ASSOS of Switzerland GmbH (Switzerland), LLC (US), PEARL iZUMi (US), Manifattura Valcismon S.P.A. (Italy), Giant Bicycles, Inc (Taiwan), Rapha Racing Limited (UK), POC Sports (Sweden), Fox Head Inc (US), 100% Speedlab, Specialized Bicycle Components, Black Sheep Cycling (Australia), Velocio. (US), Pas Normal Studios (Denmark), and Vaude (Germany).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.