Dublin, May 19, 2023 (GLOBE NEWSWIRE) -- The "Global Cycling Wear Market (2023-2028) by Product Type, Distribution Channel, and Geography, Competitive Analysis, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.
The Global Cycling Wear Market is estimated to be USD 2.13 Bn in 2023 and is expected to reach USD 2.91 Bn by 2028, growing at a CAGR of 6.43%.
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.
As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the Global Cycling Wear Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.
The analyst analyses the Global Cycling Wear Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Global Cycling Wear Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In Addition, The impact of COVID-19 and the impact of economic slowdown & impending recession on the Market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 160 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value (USD) in 2023 | $2.13 Billion |
| Forecasted Market Value (USD) by 2028 | $2.91 Billion |
| Compound Annual Growth Rate | 6.4% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Increasing Health Issues Among the Youth and Middle-aged Population
- Rising Consumer Awareness Pertinent to Fitness and Healthy Lifestyle
Restraints
- Limited Affordability of People
- Lack of Awareness and Less Necessity
Opportunities
- Developments of Electric Bicycles Segment
- Emerging Initiatives by Governments and Sponsored Bicycle Riding Events
Challenges
- Discomfort Due to Tight Cycling Clothing
Companies Mentioned
- 2xu Pty Ltd.
- ASSOS of Switzerland GmbH
- Attaquer Pty Ltd.
- Blacksheep
- Upland Sports Group
- Castelli Cycling
- Champion System
- United Apparel Solution Ltd.
- Endura Limited
- Giro Sport Design
- Isadore Apparel
- JRD Cycling
- Bike Clothes Ltd.
- MAAP
- Pas Normal Studios
- The Pedla
- Rapha Racing Ltd.
- Santini Maglificio Sportivo S.R.L. P.I. - C.F.
- Tewsn Cycling Gear Ltd.
Market Segmentation
The Global Cycling Wear Market is segmented based on Product Type, Distribution Channel, and Geography.
- By Product Type, the market is classified into Clothing, Eyewear, Footwear, Hand Gloves, Head Gear, and Knee & Elbow Pad.
- By Distribution Channel, the market is classified into Hypermarket, Online Stores, Retail Store, and Specialty Stores.
- By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.
For more information about this report visit https://www.researchandmarkets.com/r/w1rs6u
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