Sports/Adventure Segment Dominated the Cycling Gloves Market in 2021
The Global Cycling Gloves Market size was estimated at USD 650 million in 2022 and is anticipated to reach around USD 1200 million by 2032, growing at a CAGR of roughly 5% between 2022 and 2030.
CMI research report offers a 360-degree view of the Cycling Gloves market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Cycling Gloves market.
Cycling Gloves Market: Overview
Cycling gloves are warm, protective, and comfortable gloves made specifically for cycling. Recently, e-commerce businesses and cycling gloves makers joined up to provide a wide range of current lifestyle products. The proliferation of bicycle festivals in both developing and wealthy nations, as well as the rising disposable income in developing economies, are the main drivers of this expansion.
Browse the full “Cycling Gloves Market Size, Trends and Insights By Type (Full Finger Cycling Gloves, Mitts (Short Finger or Fingerless)), By Application (Sports/Adventure, Daily Transportation), By Distribution Channel (Online, Offline), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032″ report at https://www.custommarketinsights.com/report/cycling-gloves-market/
Growth Factors
The global bicycle market has expanded favorably as a result of the growing trend in bicycle tourism. Bicycling tourism brought in USD 83 million in 2019, according to a survey by the Outdoor Industry Association (OIA), showing that people are beginning to use bicycles for recreational and health maintenance purposes. For individuals whose emphasis is fitness, it is increasing their opportunities. Bicycles are one of the best cardiovascular exercises for people since they facilitate whole-body muscular action, which increases the demand for bicycles. Sales of gloves have increased as a piece of safety gear for inexperienced riders, which has enhanced the cycling gloves market.
Segmental Overview
The market for Cycling Gloves is segmented into type, distribution channel, and application. Based on application, in 2021, the sports/adventure segment had the highest revenue share—more than 55.0%. The cycling gloves industry is steadily expanding as a result of the popularity of cycling as a recreational sport and the growing trend among consumers to engage in leisure activities that improve their physical and mental well-being.
Cycling improves posture, bone strength, cardiovascular fitness, muscle strength, and joint mobility while lowering stress levels and treating depression & anxiety.
Cycling is also economical and environmentally beneficial, which encourages more people to take up the sport and boosts the growth of the cycling gloves industry. Additionally, mass cycling events held by organizations around the world to increase participants’ physical exercise and social inclusion are playing a crucial role in the market’s development.
Regional Overview
Due to its expanding absolute demand, the Europe region held the largest share of the global cycling gloves market. The expanding market for cycling gloves worldwide has been fueled by the region’s major manufacturers in the cycling gloves industry and the region’s burgeoning adventure sports market.
According to Eurostat estimates for the year 2020, Germany has more than 73.5 million bicycles. This suggests that bicycle ownership is almost 8 in 10 homes. Furthermore, the Asia Pacific region is anticipated to witness high growth during the forecast period.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 705 Million |
| Projected Market Size in 2032 | USD 1200 Million |
| Market Size in 2022 | USD 650 Million |
| CAGR Growth Rate | 5% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Type, Application, Distribution Channel, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Competitive Landscape/ Key Players Insights
The existence of numerous businesses engaged in the production of cycling gloves has led to a moderate degree of market fragmentation in the overall cycling gloves industry.
Our market analysis includes a section specifically devoted to key players operating in the Cycling Gloves market. Our analysts give an overview of each player’s financial statements, along with product benchmarking and SWOT analysis. The competitive landscape section includes key development strategies, market share analysis, and market positioning analysis of the mentioned competitors globally.
- 2021: The Bionic Half Finger Cycling Gloves for road cyclists is the newest model in the Bionic line from sports equipment manufacturer Hillerich & Bradsby (H&B). A revolutionary relief pad system that is placed strategically promises to lessen hand tingling and numbness.
Some of the prominent players
- SIXSIXONE
- HIRZL
- Revo Moto
- AML UNITED LIMITED
- GIRO
- Trek Bikes
- Roeckl Sports
- Spakct
The global Cycling Gloves market is segmented as follows:
By Type
- Full Finger Cycling Gloves
- Mitts (Short Finger or Fingerless)
By Application
- Sports/Adventure
- Daily Transportation
By Distribution Channel
- Online
- Offline
By Region
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America