The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cycling Apparel market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cycling Apparel
The report offers actionable and valuable market insights of Cycling Apparel. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cycling Apparel Market across various industries and regions.
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Cycling apparel market has been witnessing significant momentum as sales of cycling apparel via sports variety stores reflect an increase across regions worldwide. Apart from sports variety stores, growth in cycling apparel volume sales via third party online sales channel and modern trade channels s expected to increase during the forecast period. Considering the convenience aspect, the third party online sales channel is expected to provide new growth opportunities, given the pervasiveness of e-commerce as manufacturers can leverage the reach of online channels to touch base remote customers in inaccessible areas.
Fact.MR has compiled various aspects of cycling apparel and presented in a new research report. According to the report, the cycling apparel market is projected to expand at a significant pace during the 2018-2028 timeline (review period), largely driven by increasing number of cyclists across developed as well as emerging regions worldwide.
This newly published and insightful report sheds light on Market Insights of Cycling Apparel, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cycling Apparel Market.
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Regional and Segmental Analysis
An attractive feature of this report on cycling apparel market is a detailed analysis of various market segments and the regional cycling apparel markets.
The report scrutinizes the performance of the cycling apparel market on the basis of product type, sales channel, and demographics along with region.
Critical volume and value data is provided for each segment of cycling apparel market for the entire duration of the assessment period.
Segmental insights and data analysis are indicated in separate chapters dedicated to each of the cycling apparel market segments.
In these chapters, the report studies various market forces influencing the revenue growth of the market segments and also provides intelligence on regional factors impacting the growth of the cycling apparel market in various countries across the globe.
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Cycling Apparel Market: Growing Number of Cyclists to Augment Demand
According to World Bank analysis, around 2 billion bicycles are in use across the globe and there is a strong likelihood that the number might reach five billion mark by end of 2050. Furthermore, more than 100 million bicycles are being manufactured per year. In addition, World Bicycle Relief (WBR) has distributed more than 200,000 specially designed bicycles to healthcare workers and students across South America, Africa and Southeast Asia. This aspect has significantly fuelled the use of cycling apparel, in turn pushing the growth of the cycling apparel market during the period of forecast.
Cycling Apparel Market: Electrification of Bicycles Opening New Frontiers
While manufacturers have been delivering cycling apparels for standard bicycle, retail shelves of sports variety stores and other retail outlets are expected to witness a new addition of cycling apparel specifically for electric bikes including quickly removable body armor parts. Moreover, according to Institute for Transportation and Development Policy (ITDC), electric bicycles accounted for a significant percentage last year and is expected to touch 11 percent by 2030 end. Albeit higher costs associated with the product, the preference for electric bicycles is expected to influence the use of cycling apparel, in turn supporting the growth of the cycling apparel market during the period of forecast.
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More Valuable Insights on Cycling Apparel Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Cycling Apparel, Sales and Demand of Cycling Apparel, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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