![Cycling Wear Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG25K2036
Report ID:
UCMIG25K2036 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
With a valuation of USD 5.49 billion in 2019, the global cycling wear market is anticipated to witness a consistent growth trajectory, projected at a compound annual growth rate (CAGR) of 4.6% from 2020 to 2027. The market's expansion can be attributed to various factors, including the increasing popularity of cycling as a recreational activity, rising awareness about the importance of fitness and health, and advancements in cycling wear technologies that enhance comfort and performance, thereby propelling the demand for cycling apparel globally.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Apparel, Accessories & Luxury Goods by segment aggregation, the contribution of the Apparel, Accessories & Luxury Goods in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25K2036