Research Nester has released a report titled “United States & Europe Professional Cycling Apparels Market: Demand Analysis & Opportunity Outlook 2028” which also includes some of the prominent market analyzing parameters such as industry growth drivers, restraints, supply and demand risk, along with the impact of COVID-19 and a detailed discussion on the latest trends and future opportunities that are associated with the growth of the market.
In Great Britain, the traffic for pedal cyclists witnessed a surge by 45.7% from its 2019 levels, further reaching 5.0 billion vehicle miles (bvm), according to the statistics by the Department for Transport of the Government of United Kingdom.
The statistics portray the growing number of cyclists, backed by the rising awareness for cycling as a sports and adventure activity, and for the increasing preference amongst individuals for cycling as a professional career. In Europe and the U.S., backed by the presence of a strong cycling infrastructure, there is a rising awareness for cycling, which is anticipated to drive the market growth. Further, these regions are known to hold several international cycling events, such as Tour de Singkarak, Tour de Flores, Tour de Siak, and others, along with the upcoming Olympic games coming up in Paris in 2024, in Milano Cortina (Italy) in 2026, and in Los Angeles (California) in 2028, which is anticipated to drive the market growth.
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The United States & Europe professional cycling apparels market is estimated to grow with a CAGR of 5.32% during the forecast period, i.e., 2020-2028, owing to the increasing number of professional cyclists in these regions, as well as for the rapid advancements in the development of advanced cycling apparels. The market is segmented by product type into jerseys, bib shorts, tights & pants. In the U.S., the jerseys segment is anticipated to gain the largest market revenue of USD 227.95 Million by the end of 2028 and further grow with the highest CAGR of 4.71% during the forecast period. Alternatively, the bib shorts segment in Europe is projected to grow with the highest CAGR of 5.68% over the forecast period.
On the basis of geographical analysis, the professional cycling apparels market in Europe is expected to garner a revenue of USD 1203.05 Million by the end of 2028. Further, the market in the United States is anticipated to grow with a CAGR of 4.69% during the forecast period. In Europe, the growth of the market can be attributed to the presence of numerous professional cyclists in the region, as well as for the rise in awareness for cycling as a profession amongst the individuals in several small and mid-size cities.
However, the concern for counterfeit products, which largely hampers the profitability of the manufacturers, is one of the major factors anticipated to hamper the market growth.
This report also provides the existing competitive scenario of some of the key players of the United States & Europe professional cycling apparels market, which includes company profiling of Cinelli USA (Cyclone Bicycle Supply), Moa Sport Mantovani Vincenzo srl (Nalini), PEARL iZUMi USA, Inc., Velocio, Rapha Racing Limited, ASSOS of Switzerland GmbH, Manifattura Valcismon S.p.A. (Castelli), Marcello Bergamo, Attaquer Pty Ltd., Lumiere Cycling, and others.
The profiling enfolds key information of the companies which comprises of business overview, products and services, key financials and recent news and developments. Conclusively, the report titled “United States & Europe Professional Cycling Apparels Market: Demand Analysis & Opportunity Outlook 2028”, analyses the overall United States & Europe professional cycling apparels industry to help new entrants to understand the details of the market. In addition to that, this report also guides existing players looking for expansion and major investors looking for investment in the United States & Europe professional cycling apparels market in the near future.
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