Cycling Arm Warmers Market Forecast 2023 - 2030
Report ID : CBI_1136 |
| Published Date:
| Format :
| Base Year: | 2022 |
|---|---|
| CAGR: | 6.1% |
| Forecast Year: | 2023 - 2030 |
| Revenue 2022: | $645.45 Mn |
| Revenue 2030: | $1,030.24 Mn |
Cycling Arm Warmers Market Forecast 2023 - 2030
Market Overview :
Consegic Business Intelligence analyzes that the cycling arm warmers market is growing with a CAGR of 6.1% during the forecast period (2023-2030), and the market is projected to be valued at USD 1,030.24 million by 2030 from USD 645.45 million in 2022.
Market Definition :
Cycling arm warmers is a type of cycling accessory that is worn on the arms to provide warmth and UV protection. Cycling arm warmers are primarily manufactured in stretchy and breathable fabrics such as spandex and polyester. The arm warmer is a type of essential accessory in a cycling closet, designed to fit snugly around the arm with the elimination of restriction movement. Cycling arm warmers help to maintain warmth during cool rides, they also act as a cooling mechanism for extreme heat. The cycling arm warmers product range is an ideal solution for men as well as women.
Market Dynamics :
Drivers :
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Increasing popularity of cycling as a form of exercise
The increasing popularity of cycling as a form of exercise is driving the growth of the cycling arm warmers market. As more people prefer cycling as a part of their exercise. The cycling arm warmers making cycling rides more comfortable and enjoyable is driving the demand for cycling arm warmers in cold weather. In addition, the growing awareness of the health benefits of cycling has led to an increased number of people that cycle regularly leading to the increased demand for cycling arm warmers. For instance, according to the recent statistics published by the All India Cycle Manufacturers' Association, in 2020-2021, the total sales of other types of cycles in India was 4,03,246 units, and in 2021-2022, it was 5,38,414 units, an increase of 33.5%. Thus, the increasing popularity of cycling as a form of exercise is accelerating the demand for cycling arm warmer to ensure efficient maintenance of body temperature. This prime factor is driving the market growth.
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Rising government initiatives to promote cycles as means of transportation
Rising government initiatives to reduce air pollution, and minimize traffic is resulting in the increasing promotion of cycles as means of transportation. This, in turn, is contributing to the growth of the market. For instance, the France government implemented a Cycle-to-Work payment plan in which employees traveling through the cycle were paid USD 0.27 free of social security and tax per kilometer. Therefore, the increasing government initiative to support cycles as a means of transportation to minimum-distanced places is driving the demand for cycling arm warmers.
Restraint :
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Performance limitations related to cycling arm warmers fabrics
The performance limitations associated with the cycling arms warmers fabrics such as polyamide, lycra, and others are restraining the adoption of cycling arm warmers. For instance, the primary limitation associated with polyamide fabric includes strong moisture sensitivity. As a result, water acts as a plasticizer for polyamide fabric, thereby leading to changes in the mechanical properties of cycling arm warmers products. Thus, the performance limitations related to cycling arm warmers fabrics are posing as a bottleneck for market growth.
Opportunities :
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The advancements in fabric technology is driving the growth of the market
The rising need for cycling arm warmers that have superior comfort, breathability, and moisture-wicking as compared with traditional arm warmers is expected to offer lucrative opportunities to the market. New materials and manufacturing techniques have made it possible to create arm warmers that are lightweight, stretchy, and form-fitting that enhance the comfort and performance of the product. Additionally, new fabrics are being developed that are more effective at regulating body temperature. For instance, in July 2022, Cordura launched a new range of polyamide fabric composed of recycled polyamide. The product launch is targeted at the United States market. As a result, the development of a new range of fabrics with advancements in technologies will promote the growth of the market in the forecast years.
Cycling Arm Warmers Market Report Coverage :
| Report Attributes | Report Details |
| Study Timeline | 2017-2030 |
| Market Size in 2030 | USD 1,030.24 Million |
| CAGR (2023-2030) | 6.1% |
| By Fabric Type | Polyamide, Spandex, Lycra, Merino Wool, and Others |
| By End User | Men, Women, and Unisex |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
| Key Players | Saucony, Pearl Izumi, Nike, Inc., Louis Garneau Sports, Castelli (a subsidiary of Manifattura Valcismon Spa), Canari, Giordana, Fox Racing, Zhejiang Donen Sport Co., Ltd., GripGrab, RockBros |
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Download Sample ReportMarket Segmentation :
By Fabric Type :
The fabric type segment is categorized into polyamide, spandex, lycra, merino wool, and others. In 2022, the polyamide segment accounted for the highest market share of 28.55% in the overall cycling arm warmer market. Cycling arm warmers manufactured from polyamide ensure excellent stretch properties, such as lightweight, and superior durability. For instance, GripGrab, headquartered in Europe offers classic thermal arm warmers made from 85% of polyamide that is insulating, breathable, and has elected grippers. The increasing adoption of polyamide fabric for the production of cycling arm warmers owing to the above benefits is contributing to the growth of the market.
Moreover, the spandex segment is expected to register the fastest CAGR in the cycling arm warmers market. The spandex is ideal for the production of cycling arm warmers due to its characteristics such as the ability to provide UV protection, sweat-wicking technology, and abrasion-resistant zones are expected to propel the growth of the market. For instance, Fox Racing headquartered in the U.S. offers arm warmers made up of spandex that provides strategic abrasion resistance, durability, and compression arm grippers for a secure fit. Hence, the aforementioned factor is driving the growth of the cycling arm market.
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Download Sample ReportBy End User :
The end user segment is categorized into men, women, and unisex. The unisex segment held the highest market share in cycling arm warmers. The increasing adoption of gender-neutral clothes is driving the demand for unisex cycling arm warmers. For instance, Saucony manufacturer of athletic footwear and apparel specializes in the production of various unisex athletic apparel including cycling arm warmers. The growing trend of genderless fashion is driving the demand for the growth of the segment in cycling arm warmers.
Moreover, the men segment is expected to register the fastest CAGR in the cycling arm warmers market. This is due to the increasing number of men's cycling sporting events, the adoption of healthy lifestyles, and other factors, which are leading to the growing adoption of cycling activities among men.
By Region :
The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Regional Growth Insights
Download Sample ReportIn 2022, Europe accounted for the highest market share at 36.05% and was valued at USD 232.68 million, and is expected to reach USD 372.23 million in 2030. In Europe, Germany accounted for the highest market share of 21.10% during the base year of 2022, owing to the increasing number of cycling events. For instance, UEC European Track Cycling Junior Championships is scheduled to be conducted in Portugal. The cycling event will take place in July. Furthermore, the 2023 European Cycling BMX Championships is scheduled to be held in France. The cycling event will take place in July. Hence, the increasing number of cycling events in Europe is benefiting the adoption of cycling arm warmer to retain the warm heat in the arms. This, in turn, is boosting the growth of the market.
However, Asia Pacific is expected to register the fastest CAGR of 6.9% during the forecast period. This is due to the increasing development of a new range of cycling arm warmer, the growing adoption of cycling for health benefits, and others.
Details Countries Growth Insights
Download Sample ReportCycling Arm Warmers Market Competitive Landscape:
The cycling arm warmers market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-
- Saucony
- Pearl Izumi
- Nike, Inc.
- Louis Garneau Sports
- Castelli (a subsidiary of Manifattura Valcismon Spa)
- Canari
- Giordana
- Fox Racing
- Zhejiang Donen Sport Co., Ltd.
- GripGrab
- RockBros
Frequently Asked Question
What was the market size of the cycling arm warmers industry in 2022?+
In 2022, the market size of cycling arm warmers was USD 645.45 million
What will be the potential market valuation for the cycling arm warmers industry by 2030?+
In 2030, the market size of cycling arm warmers will be expected to reach USD 1,030.24 million.
What are the key factor driving the growth of the cycling arm warmers market?+
The increasing popularity of cycling as a form of exercise is driving the growth of the cycling arm warmers market.
What is the dominating segment in the cycling arm warmers market by fabric type?+
In 2022, the polyamide segment accounted for the highest market share of 28.55% in the overall cycling arm warmers market.
Based on current market trends and future predictions, which geographical region will have the fastest impact on the Cycling Arm Warmers market's growth in the coming years?+
Asia Pacific is expected to be the fastest-growing region in the market during the forecast period.
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