The global mountain bike jerseys market 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, from 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.
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.
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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.
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.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.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.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.For Any Questions On This Report, Please Visit: https://growthmarketreports.com/enquiry-before-buying/97
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