Cycling And Skatebording Equipment Market Growing at 9.5% CAGR, to Hit USD 173.8 Billion by 2033 | Growth, Share Analysis, Company Profiles

Allied Market Research published a report, titled, "Cycling And Skatebording Equipment Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, The global cycling and skatebording equipment market was valued at $70.5 billion in 2023, and is projected to reach $173.8 billion by 2033, growing at a CAGR of 9.5% from 2024 to 2033.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰: https://www.alliedmarketresearch.com/request-sample/A06333

Prime determinants of growth

The prime determinants of growth for the cycling and skateboarding equipment market include increased health and fitness awareness, technological advancements, urbanization, and eco-friendly transportation trends. In addition, supportive government policies, improved infrastructure, and the rising popularity of electric bikes and smart skateboards are driving market expansion. Consumer preferences for sustainable and high-performance equipment further increase market growth.

Segments Covered

• Type, Distribution channel, and Region.

Drivers

• Growing popularity of electric bikes

• Rise of smart and connected devices in cycling gear

• Customization and personalization options

Opportunities

• Integration of AI and IoT technologies

• Growth in urban mobility solutions

Restraint

• High costs of premium equipment

• Competition from other recreational activities

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (180 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬): https://www.alliedmarketresearch.com/checkout-final/0e373df3c954f80a912a4c8ec05c2f44

Segment Highlights

By type, protective helmets hold the maximum share in the cycling and skateboarding equipment market owing to its critical role in preventing severe head injuries. The high incidence of head-related injuries in these sports necessitates the use of helmets, which are often legally mandated and strongly recommended by safety organizations. Helmets are designed to absorb impact and protect the skull, significantly reducing the risk of traumatic brain injuries. The widespread awareness of these safety benefits, coupled with robust educational campaigns and stringent regulations, drives their predominant usage. In addition, advancements in helmet technology, such as improved materials and ergonomic designs, have increased consumer acceptance and comfort, further solidifying their dominance in the market

By distribution channel, online retail holds the major share in the distribution of cycling and skateboarding equipment. This dominance is driven by several factors, including the convenience and vast product selection available to consumers through online platforms. E-commerce websites allow customers to easily compare prices, read reviews, and access a wider range of products than traditional brick-and-mortar stores.

The rise of major online retailers like Amazon, alongside specialized sports e-commerce platforms, has significantly boosted online sales. In addition, the ability to offer competitive pricing and frequent discounts online further attracts a larger customer base. Consequently, the online retail segment has become the preferred shopping channel for many consumers looking for cycling and skateboarding equipment

Regional outlook

North America holds a significant share in the cycling and skateboarding equipment market owing to its robust outdoor sports culture and high disposable income levels. The region's well-developed infrastructure, featuring extensive bike lanes and skate parks, facilitates widespread participation in these activities. In the U.S., the number of cyclists rose from 48.88 million in 2018 to 52.73 million in 2021, according to Statista.

This increase highlights the growing interest in cycling. Furthermore, the region's focus on fitness and sustainable transportation, coupled with advancements in equipment technology, drives market growth. Supportive policies and initiatives, such as bike-sharing programs in major cities like New York and San Francisco, also contribute to North America's dominant position in the market.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 https://www.alliedmarketresearch.com/request-for-customization/A06333

Players: -
Fuji Bikes
Endura Ltd
Element Skateboards
SCOTT Sports SA
Almost Skateboards
Zero Skateboards.
Plan B
GT Bicycles
DT SWISS
Alien Workshop

𝐊𝐧𝐨𝐰 𝐌𝐨𝐫𝐞 https://www.prnewswire.com/news-releases/cycling-and-skatebording-equipment-market-to-reach-173-8-billion-globally-by-2033-at-9-5-cagr-allied-market-research-302222330.html

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
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