The Asia Pacific Cycling Wear Market is estimated to be valued at US$ 1,388.6 Mn in 2022 and is expected to exhibit a CAGR of 9% over the forecast period from 2021 to 2028, as highlighted in a new report published by Coherent Market Insights.

Market Overview:


Cycling wear refers to specialized clothing designed to be worn while cycling. It includes cycling jerseys, shoes, socks, gloves, arm warmers, knee warmers, tights, jackets, helmets, goggles and other accessories. Cycling wear provides benefits such as moisture wicking capabilities, flexible fits, UV protection, and breathability. These technical features allow riders to comfortably cycle over long distances in varying weather conditions and terrains.

Market Dynamics:


The Asia Pacific cycling wear market is driven by rising health awareness among people and increasing initiatives for development of cycling infrastructure and facilities by various governments. According to Singapore's Urban Redevelopment Authority, the government aims to establish 750 kilometers long park connectors and dedicated cycling paths by 2030 to promote cycling. Similarly, the Indian government introduced a Cycling Coalition scheme in 2020 with an investment of $14 million to establish India's first formal cycling transport network across major cities. The rising disposable income of consumers and growing popularity of outdoor recreational activities such as cycling tours and trekking are also fueling the demand for technologically advanced cycling wear in the region.

SWOT Analysis


Strength: Asia Pacific cycling wear brand has strong brand recognition and loyalty in key markets. The cycling wear products offered by leading brands are of superior quality and durability. There is an increasing popularity of cycling as recreation and fitness activity in the region.

Weakness: Fluctuating raw material prices can impact the profit margins of cycling wear brands. Also, rising labor and production costs in some countries pose operational challenges. Dependence on few manufacturing bases makes the supply chain vulnerable to disruptions.

Opportunity: Rapid urbanization and growing health awareness is driving the demand for eco-friendly cycling gear in Asia Pacific nations. The promotion of cycling as an environment friendly mode of transportation by local governments offers new growth avenues.

Threats: Significant price wars among competing brands can dent profitability. Strict environmental regulations pertaining to raw material sourcing and production can increase compliance costs. Natural calamities and pandemic situations disrupt supply chains.

Key Takeaways


The Asia Pacific cycling wear market is expected to witness high growth, exhibiting CAGR of 9% over the forecast period, due to increasing promotion of cycling culture and growing health consciousness.

Regional analysis


The Asia Pacific region dominates the cycling wear market, accounting for nearly 45% of the global demand in 2022. China exhibits the fastest growth owing to large population, rapid urbanization and promotion of cycling by local governments. Other major country markets include India, Japan, Australia and South Korea.

Key players  :


Key players operating in the Asia Pacific cycling wear market are JRD Cycling, Castelli Cycling, Giro Sport Design, Champion System, Conquest Cycle Wear Ltd., 2XU Pty. Ltd., Endura Limited, Isadore Apparel, Rapha Racing Limited, Attaquer Pty Ltd., Lumiere Cycling, Panache Cyclewear Co., Cadence Collection, Voler Inc., and Ornot. These players account for over 60% of the total market share in the region.

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