The global mountain bike apparel market size was estimated to reach USD 5.12 billion in 2030 and is anticipated to grow at a CAGR of 5.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. The growth of the market can be attributed to the rising popularity and increased participation in mountain biking. Mountain bike apparel plays a crucial role in providing protection against falls, collisions, and harsh weather conditions while ensuring comfort and flexibility for riders. The increasing adoption of mountain biking as both a recreational activity and a competitive sport has led to a growing demand for specialized gear and apparel that can endure the challenges of off-road cycling. The top wear segment dominated the market with a major share in 2022.
Mountain Bike Apparel Market Report Highlights
· Asia Pacific is expected to grow at the highest CAGR over the forecast period from 2023 to 2030. The increasing interest in adventurous activities and outdoor sports is driving market growth in the region
· The accessories segment is estimated to grow at the highest CAGR over the forecast period. The increasing adoption of accessories to achieve improved protection is driving the segment's growth
· Accessories price ranging from USD 101 to 150is anticipated to grow with the fastest CAGR over the forecast period. The increasing demand for accessories to achieve improved safety and overall performance of riders is driving the segment growth
· The online sales channel is expected to grow at the highest CAGR over the forecast period. Online distribution channels offer various conveniences for shopping owing to which, its use is increasing among consumers, thus driving the segment growth
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There is a noticeable increase in the demand for technologically advanced fabrics in mountain biking garments that provide features like temperature regulation, moisture-wicking, and abrasion resistance. A lucrative growth can be observed owing to the development and promotion of high-quality materials. Moreover, there is an opportunity to cater to consumers seeking versatile and multifunctional clothing options by offering mountain biking top wear that can be utilized for other outdoor activities, such as hiking or running. Expanding product offerings in this manner can help reach a broader audience. The specialty stores segment held the largest market size in 2022. Specialty stores play a significant role as a common distribution channel, catering to the specific requirements of outdoor enthusiasts and offering a range of products including apparel, accessories, and equipment.
Collaborating with specialty stores provides an opportunity for mountain biking apparel brands to effectively reach their target audience. However, it is important to note that competition for shelf space within these stores can be fierce. To stand out, brands must differentiate themselves from competitors and deliver high-quality products that align with the demands of outdoor enthusiasts. Europe accounted for the largest share of the market. The popularity of cycling tourism is surging in Europe, driven by the increasing health consciousness and desire for active vacation experiences. Within this trend, mountain bike tourism has particularly captured the interest of cycling enthusiasts and adventure seekers.
With its diverse range of routes and varying levels of difficulty, from scenic trails to challenging mountain rides, mountain biking has become a sought-after activity. Consequently, the demand for specialized mountain biking apparel has risen. In response, numerous companies in the region offer a wide array of high-quality garments designed to provide durability, breathability, and moisture-wicking capabilities, catering to the specific needs of mountain bikers. Various steps are adopted by major companies including partnerships, mergers & acquisitions, global expansion, etc. to gain a higher market share.
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Segmented the global mountain bike apparel market on the basis of product, product price range, distribution channel, and region
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