The comprehensive report published by Fact.MR offers an in-depth intelligence related to the various factors that are likely to impact the demand, revenue generation, and sales of the Cycling Apparel market. In addition, the report singles out the different parameters that are expected to influence the overall dynamics of the Cycling Apparel market during the forecast period (2019-2029).
As per the findings of the presented study, the Cycling Apparel market is poised to surpass the value of ~US$ XX by the end of 2029 growing at a CAGR of ~XX% over the assessment period. The report includes a thorough analysis of the upstream raw materials, supply-demand ratio of the Cycling Apparel in different regions, import-export trends and more to provide readers a fair understanding of the global market scenario.
The report segregates the Cycling Apparel market into different segments to provide a detailed understanding of the various aspects of the market.
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The competitive analysis of the Cycling Apparel market includes valuable insights based on which, market players can formulate impactful growth strategies to enhance their presence in the Cycling Apparel market.
The regional analysis section of the report throws light on the growth prospects of the Cycling Apparel market in each region supported by relevant graphs, tables, and figures.
End-Use Industry Cycling Apparel Adoption Analysis
The market study sheds light on the forecasted demand/consumption pattern for the Cycling Apparel from different end-use industries over the forecast period.
Cycling Apparel Market: Developed Regions to Foster Adoption of Tops and Bottoms in the Coming Years
Albeit at a moderate pace, the demand for cycling apparel across regions in the globe has witnessed remarkable growth underpinned by various benefits including comfort, reducing air resistance, increase breathability and wind block. That said, European countries have reflected impressive growth in cycling culture that has further surged with introduction of electric and hybrid cycles. World Bank reveals that around 60 percent of population in Finland use bicycles while Netherlands holds the top position with high number of bicycles per capita. Moreover, 655,000 people are involved in the cycling industry representing higher employment rate than in quarrying and mining. These factors have influenced the use of cycles, in turn raising the demand for various cycling apparel such as tops and bottoms, consequently pushing the growth of cycling apparel market.
Following the suit, North America, particularly the United States have showcased high inclination towards use of cycling apparel on the back increasing cycling activities in the country. According to World Bank analysis, United States’ inclination towards cycling has been marked by the presence of several international and national cycling tournaments. Moreover, with a two-fold rise in cyclist count in Canada and United States in the past two decades, demand for cycling apparel such as tops and bottoms including shorts, tights and pants, jerseys, jackets and t-shirts, is likely to surge in the forthcoming years strongly impelled by growing GHDI (Gross Household Disposable Income) of these countries.
Cycling Apparel Market: Design Innovations to Favor Momentum
The cycling apparel market is highly unorganized as market comprises a large percentage of small players spread worldwide. With growing popularity of cycling, manufacturers of cycling apparel competing in the international market are focusing on collaborative efforts with a view to organize the supply chain of the cycling apparel industry as well as advancements in cycling apparel that enhance comfort and usability. Ford has introduced cycling jacket that is a smart cycling apparel which has sleeves that light up to guide the rider on road. Such design innovations are expected to spur the demand for cycling apparel in turn favoring momentum of cycling apparel market during the forecast period.
Cycling Apparel Market: Growing Cyclist Death to Induce Sense of Reluctance
Increasing number of cyclist deaths has induced a sense of reluctance among people which is likely to hamper the growth of cycling apparel market. Albeit a higher percentage of population preferring cycling, road accident factor is likely to reduce the count in the coming years, which can impede the use of cycling apparel. According to Governor’s Highway Safety Association (GHSA), deaths among cyclist due to road accidents is increasing by 12.2 percent per year. This coupled with automobile development is likely to create challenges for cycling activates, in turn hindering adoption of cycling apparel.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
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Key findings of the report:
- Intricate assessment of the competitive landscape of the Cycling Apparel market
- Country-specific analysis of the supply-demand ration for the Cycling Apparel in different geographies
- Influence of technological advancements on the Cycling Apparel market
- SWOT analysis of each company profiled in the report
- Y-o-Y growth projection for different market segments
The report aims to eliminate the following doubts related to the Cycling Apparel market:
- Which market segment is projected to generate the maximum revenue during the forecast period?
- Which region is expected to present lucrative opportunities for market players?
- What are the most preferred sales and distribution channels in the Cycling Apparel market?
- What are the potential roadblocks market players are likely to face during the forecast period?
- Which market player is expected to dominate the Cycling Apparel market in terms of market share in 2019?
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