Mountain Bike Jerseys Market Outlook
The global mountain bike jerseys market size was valued at USD 139.6 Million in 2019 and is projected to reach USD 267.7 Million by 2027, expanding at a CAGR of 8.8% during the forecast period, 2020 to 2027. Mountain bike jersey is an apparel used by mountain bike riders. These jerseys are available in short and long sleeves and the product is designed for comfortable riding.
The technical fabric of the jerseys removes moisture to keep the rider comfortable, dry, and cool. Mountain bike jerseys can be designed as per the rider’s choice, which is called as jersey customization or modification and basically preferred by professional riders, as it enables the printing of a sponsor’s logo design and/or advertisements to promote their products.
Mountain Bike Jerseys Market Dynamics
People have started to take efforts to reduce and maintain their body weight due to the increase in diseases such as obesity and high blood pressure. Mountain riding is used as an exercise to reduce lifestyle diseases.
Nowadays, a number of people prefer bike riding along with trekking, which in turn, fueling the demand for mountain bike jersey and other such products. Additionally, rising awareness regarding the use of correct gear for protection during the sport is fueling the need for mountain bike jersey.
Rising Preference for UPF Mountain Bike Jerseys
The demand for UPF jerseys is rising due to benefits offered by these jerseys. UPF a ranking structure used for apparel that is parallel to sun protection factor (SPF), the ranking structure specified for sunscreen products.
SPF pertains only to a sunscreen's effectiveness against UVB rays, considered to be the more damaging type of light. UPF gauges a fabric's effectiveness against ultraviolet A (UVA) and ultraviolet B (UVB) light.
Dynamics that Improve UPF Ratings
Construction: Dense, tight building minimizes the amount of UV light that can pass through. Thicker fabrics decrease UV transmission.
Color: Darker colors absorb more UV rays. Within the same color, more vibrant shades outperform softer ones.
Treatments: Dyes and chemicals that are active at absorbing UV light can be added to improve UPF.
Fiber Type: Polyester and nylon do an excellent job at disrupting UV light. Wool and silk are moderately effective. Cotton, rayon, flax, and hemp fabrics, without added treatments, often score low.
Mountain Bike Jerseys Market Segment Insights
Types Segment Analysis
On the basis of types, the global mountain bike jerseys market is segmented as simpler fabrics, UPF, and others. The UPF segment is anticipated to expand at a CAGR of over 8.5% during the forecast period, as it is cost effective. The simpler fabric segment is estimated to hold a significant share of the market in 2020, as it is made from natural cotton and wool, which makes cotton jerseys lightweight and stretchable.
Application Segment Analysis
Based on applications, the market is divided into men clothes, women clothes, children's clothes. The men clothes segment account for a major share of the market due to high demand for the product among men. Men’s mountain biking jerseys are much different from those made for women. These have additional pockets to keep cellphone and cards and are available in sizes such as small, medium, larger, and extra-large.
Regional Outlook
In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is a promising region for the market. The region constituted a significant share of the market in 2019.
The Europe market is projected to expand at a CAGR of around XX% during the forecast period owing to the increase in the demand for mountain bike jerseys in Europe, increasing focus of players on the development of mountain bike jerseys and rise in government initiatives for health awareness are expected to boost the market in the region.
The market in Asia Pacific is projected to expand at a significant CAGR during forecast period driven by rising disposable income and availability of international brands through e-commerce. Moreover, the boom in sales of bicycles during the pandemic in 2020 is anticipated to create lucrative opportunities during the forecast period.
Key Benefits for Industry Participants & Stakeholders
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In-depth analysis of the global mountain bike jerseys market
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Historical, current and projected market size in terms of value and Volume
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Potential & niche segments and regions exhibiting promising growth covered
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Industry drivers, restraints and opportunities covered in the study
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Recent industry trends and developments
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Competitive landscape & strategies of key players
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Neutral perspective on global mountain bike jerseys market performance
Segments
Types
- Simpler Fabrics
- UPF
- Others
Applications
- Men Clothes
- Women Clothes
- Children's Clothes
Regions
- North America
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of the Europe
- Asia Pacific
- China
- Japan
- South Korea
- India
- Australia
- South East Asia (SEA)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- Turkey
- South Africa
- Rest of Middle East & Africa
Key Market Players Profiled in the Report
Competitive Landscape
Key players in the market include Dakine, FOX, Louis Garneau Sports, POC Sports, Endura Limited, Troy Lee Designs, Yeti cycles, and ZOIC Clothing.
These companies are considered as key manufacturers of mountain bike jerseys based on their revenue, research development (R&D) activities, regional presence, and supply chain management system. These players are adopting key strategies such as acquisition, and geographical expansion.
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In 2018, Dakine acquired Marquee Brands LLC to intensifying the production of Dakine’s existing snow, surf, and biking products. The former increased its share in the market by acquiring Marquee Brands LLC’s portfolio of luxury retail brands.
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In 2018, Louis Garneau Sports acquired Sugoi & Sombrio to position itself on the West Coast of Canada and leverage growth opportunities in Western Europe and Asia.
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In 2016, Troy Lee Designs introduced products with different protection guards, jersey, shorts, base layer, and gloves. This increase the demand for product, and thus its market share.
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