According to Fortune Business Insights, Cycling gloves are made from synthetic materials such as leather, spandex, and polyester and are used for avoiding blisters, injuries, and numbness during long rides. The escalating adoption of e-bikes as they offer an eco-friendly alternative for urban commuting is set to propel product demand.
Market Overview:
The global Cycling Gloves Market size was valued at USD 3.26 billion in 2023. It is projected to grow from USD 3.41 billion in 2024 to USD 5.49 billion by 2032, exhibiting a CAGR of 6.12% during the forecast period.
Moreover, the cycling gloves market in the U.S. is expected to grow significantly, reaching USD 0.91 billion by 2032. This growth is fueled by the rising popularity of cycling as a sport and fitness activity, along with advancements in protective gear. Asia Pacific dominated the cycling gloves market with a market share of 34.36% in 2023.
List of Key Players Mentioned in the Report:
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Segmentation:
Full-Finger Segment to Capture Major Share Due to Advantage of Complete Coverage
Based on product, the market is bifurcated into full-finger and half-finger. The full-finger segment is set to dominate the global market owing to the advantage of complete coverage. The gloves help protect the entire hand from injuries, blisters, and abrasions.
Male Segment to Dominate Impelled by Soaring Participation in High-intensity Cycling Activities