The Cycling Jersey Market is being driven by Growing need for fitness activities
The Cycling Jersey Market is expected to grow at a CAGR of 9.3% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 372.2 million. The global cycling jersey market is witnessing a significant surge in demand for customized products. In the past five years, the trend towards personalized jerseys has gained traction, particularly in developed regions such as the Americas and Europe. Emerging economies like China and India are also experiencing a rise in the demand for premium, customized cycling jerseys. Customization can range from design and color to logos, embroidery, and the addition of names. For instance, major vendors like Adidas have catered to specific clientele, such as the 5th Floor, a group of 21 amateur cyclists in New York, by providing customized cycle kits consisting of a skin suit, jerseys, bib, cap, overshoes, and warmers.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
159 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9.3% |
Market growth 2024-2028 |
USD 372.2 million |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
8.6 |
Key countries |
US, China, Japan, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The cycling apparel market encompasses fashionable and functional clothing for cycling enthusiasts. Sustainable materials like organic cotton, recycled polyester, and bamboo viscose are popular choices. Online retail and e-commerce platforms dominate sales, offering an omnichannel experience. Performance apparel, including cycling jerseys and shorts, feature moisture-wicking fabrics and aerodynamic designs. Health benefits, such as improved fitness and addressing health-related issues like diabetes and high blood pressure, drive demand. Fabric technology includes water repellent and ultraviolet protection. Cycling communities and events fuel growth in this market for recreational and competitive cycling activities.
The cycling jersey market is a segment of the expansive global apparel, accessories, and luxury goods industry, encompassing entities involved in the production and distribution of textiles, apparel, accessories, and luxury goods. This market is characterized by a growing emphasis on sustainable materials, such as organic cotton, recycled polyester, and bamboo viscose, resonating with contemporary fashion and lifestyle trends. Technavio, a leading global technology research agency, estimates the size of the global textiles, apparel, and luxury goods market based on the consolidated revenues of textiles, apparel, footwear, accessories, and luxury goods manufacturers and marketers. Key growth drivers for this market include the expanding population of working women, who are increasingly contributing to household income and expanding their spending on apparel, accessories, and luxury goods.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
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