Cycling Gloves Market Size, Share, Growth, And Industry Analysis By Type (Partial Finger, Full Finger), By Application (Road, Mountain, Others), Regional Insights, and Forecast To 2032

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Cycling Gloves Market Report Overview

The global cycling gloves market size is forecasted to reach USD 10.33 billion by 2032 from USD 4.55 billion in 2023, growing at a steady CAGR of 9.53% during the forecast period.

Cycling gloves are gloves specially designed for cycling. They are designed to cushion and protect the cyclist's hands and fingers while riding. Cycling gloves also provide additional grip on the handlebars, which helps reduce fatigue during long rides. Some cycling gloves also have reflective material to help make cyclists more visible to drivers in the dark.

The growth of the market is due to the growing popularity of cycling as a mode of transportation and leisure. Moreover, increasing demand for high-quality cycling gloves is also fueling the growth of this market. On the basis of type, the market can be segmented into partial fingers and full fingers. Partial finger gloves are more popular than full finger gloves due to their lightweight design and better breathability. Road cycling is currently the largest application segment for cycling gloves, followed by mountain biking. Cycling gloves are not mandatory, but they are necessary if we want to protect our hands from injury in the event of a fall. There are other benefits to wearing gloves that go beyond extra protection for cyclists (safety, comfort, cushioning).

COVID-19 Impact: COVID-19 Pandemic Leading Disruption In Supply Chain Hence Slow Down Market Growth

The COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The COVID-19 pandemic has had a major impact on the industry. Bicycles and cycling-related products, including accessories, are in high demand due to a number of factors, including the need for safe and socially distanced transportation options, closures of gyms and other sports facilities, and increasing interest in outdoor activities. Factory closings and disruptions in the supply chain of components and systems have caused supply chain problems in the industry. These challenges were further exacerbated by the explosion of e-bike orders during the peak period. The season of COVID-19 leading disruption in the supply chains and production processes of many bicycle manufacturers resulted in product shortages and delays in order fulfillment, which in turn slowed down business development.

Latest Trends

"Growing Popularity Of Cycling Gloves Leading Market Expansion"

The growing popularity of cycling gloves is one of the major trends in the cycling accessories market that is driving the growth of the market. Factors such as advancements in smart technology and increasing consumer awareness about it are increasing the demand and popularity of smart products across the globe, which has forced manufacturers operating in the global bicycle accessories market to innovate and adopt smart helmets. Although smart helmets are slightly more expensive than regular helmets, the features and comfort they offer increase their demand. Cycling gloves consist of several aesthetic features that ensure comfortable use and portability.

Cycling Gloves Market Segmentation

• By Type

According to type, the market can be segmented into partial finger, full finger.

Partial Finger is anticipated to be the leading segment.

• By Application

Based on application, the market can be divided into road, mountain, others.

Road will be dominating segment.

Driving Factors

"Growing Awareness Of Health And Fitness to Fueling Market Growth "

The growth of the global market is due to the increase in consumer awareness about health and fitness and the increase in participation in sports and fitness activities in various countries around the world. Health concerns among young and middle-aged people, such as diabetes, high blood pressure and obesity, have increased. Many doctors and health educators encourage people to cycle regularly because it helps reduce the negative effects of many health conditions. Currently, urban consumers prefer cycling as a sustainable mode of transportation, which is expected to drive the growth of the global market during the forecast period. With the growing popularity of adventure sports and events, several cycling events are organized around the world every year. International cycling races such as Tour de Singkarak and Tour de Flores are well-known events organized every year to promote cycling and cycling tourism worldwide. During the forecast period, government initiatives will increase and increase rapidly Cycling infrastructure such as bike bridges and parking lots are anticipated to boost the growth of the global cycling apparel industry. Innovative product developments, such as the creation of sweat-absorbing, zero-sweat sports bras, are how to create new opportunities for companies operating in the target market.

"New Improved And Cost-Effective Products to Fuel Market Growth"

The growth of the market is booming due to new improved and cost-effective products and increasing popularity of improved clothing over old products. In addition, the number of working women is increasing populations that also care about their health has seen significant adoption of fitness and wellness activities that also have a significant impact to the growth of the market. In addition, there is a growing preference of consumers to use an electric bicycle as an eco-friendly travel solution; together with the increasing number of sports and activities worldwide, including cycling, and the introduction of new products through increasing research and development are some of the factors. This is expected to contribute significantly to the cycling gloves market growth.

Restraining Factors

"Fluctuation In Prices Of Raw Materials to Hinder Market Growth"

Fluctuation in prices of raw materials is one of the key factors challenging the growth of the cycle gloves market. The most commonly used helmet raw materials are thermoplastic shells, advanced fiberglass shells, Kevlar and carbon composite shells, and a wide variety of EPS materials, while protective suits are either textile or leather. Procurement of raw materials involves additional costs for transportation and other necessary services, supplier constraints and the inability to maintain favorable supply arrangements to ensure an adequate and timely supply of raw materials. Manufacturers incur costs for delivery of raw materials to factories, delivery of intermediate goods to production facilities, delivery of finished products to warehouses and delivery of final products to end consumers. Such high spending by vendors may hinder the market growth during the forecast period.

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Cycling Gloves Market Regional Insights

"North America to Dominate the Market Due To Increase In The Number Of Cyclists"

North America is expected to have dominant cycling gloves market share during the forecast period due to the increasing demand for cycling and increasing popularity of cycling as a leisure activity. The increase in the number of cycling clubs increases the investment in cycling safety and the growing trend of cycling as an exercise hobby are some of the factors driving the growth of the market. North America is one of the most dominant regions in the global cycling industry. The region saw impressive growth in the promotion of sales of road bikes and further penetrated the market with the introduction of electric bikes. Market growth in the region can be attributed to the increase in the number of cyclists in small and medium-sized European cities for general purposes, including commuting, sports activities or health and fitness.

North America cycling gloves market is expected to register a healthy CAGR during the forecast period. Factors such as growing health awareness and growing popularity of cycling as a leisure activity are driving the demand for cycling gloves in the region. The increase in urbanization and the subsequent increase in the number of cycling enthusiasts is accelerating the growth of the market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios. Key industry players in the antacid tablet market have a significant impact on market dynamics. These companies are at the forefront of research and development, consistently introducing innovative formulations and product variations. Their focus on convenience and effectiveness sets industry standards and influences market growth.

List of Top Cycling Gloves Companies

• SIXSIXONE (U.S.)
• Trek Bikes (U.S.)
• Roeckl Sports (Germany)
• HIRZL (Switzerland)
• AML UNITED LIMITED (U.K.)
• GIRO (U.S.)

Report Coverage

The study encompasses a comprehensive SWOT analysis and provides insights into future developments within the market. It examines various factors that contribute to the growth of the market, exploring a wide range of market categories and potential applications that may impact its trajectory in the coming years. The analysis takes into account both current trends and historical turning points, providing a holistic understanding of the market's components and identifying potential areas for growth.

The research report delves into market segmentation, utilizing both qualitative and quantitative research methods to provide a thorough analysis. It also evaluates the impact of financial and strategic perspectives on the market. Furthermore, the report presents national and regional assessments, considering the dominant forces of supply and demand that influence market growth. The competitive landscape is meticulously detailed, including market shares of significant competitors. The report incorporates novel research methodologies and player strategies tailored for the anticipated timeframe. Overall, it offers valuable and comprehensive insights into the market dynamics in a formal and easily understandable manner.