Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11.03 Billion | USD 24.30 Billion | 7.1% | 2022 |
The global motorcycle apparel market size was evaluated at $11.03 billion in 2022 and is slated to hit $24.30 billion by the end of 2030 with a CAGR of nearly 7.1% between 2023 and 2030.
Motorcycle apparel is a fabric type that helps in offering more care and safety to commuters along with reducing the risk of collisions for bike riders. Moreover, the launching of new technologies and continuous innovations in motorcycle apparel design have enhanced the sale as well as popularity of motorcycle apparel across the globe. Additionally, the product offers a slew of benefits such as style, vision clarity, proof of identity, and protection against extreme weather conditions.
A surge in the purchase of motorcycle apparels to skyrocket the global market demand
A prominent rise in the demand for motorcycle apparel such as helmets, shoes, and jackets will proliferate the expansion of the global motorcycle apparel market. Supportive government policies related to the use of protective wear will further boost the global market trends. Additionally, the rise in the disposable income of individuals across the globe has resulted in massive purchases of the product, thereby driving the global market expansion. An increase in road mishaps and vehicle accidents will enlarge the scope of the growth of the global market. A prominent rise in motorsports activities in European countries will further spike the global market expansion. Moreover, motorcycle racing has garnered huge prominence among the millennial population across the globe, thereby spearheading the global market space. New product launches will contribute majorly towards the global market size in the years ahead. In the last quarter of 2022, Cardo Systems, a key provider of wireless communications tools for power sports, launched Mach V commander, a motorcycle helmet, in association with Brand 509, a leading power sports apparel manufacturing firm. For the record, the new product helps in enabling seamless microphone audio communications and connectivity.
Disruptions in the supply of raw materials can hinder the global industry expansion by 2030
Supply chain disruptions and rising raw material costs can put brakes on the global motorcycle apparel industry expansion. Lack of product availability in emerging economies can further shrink the global industry demand.
Introduction of new technologies & designs can open new growth avenues for the global market
Launching of new technology applications and consistent innovations in motorcycle apparel designs will open new growth avenues for the global motorcycle apparel market. Adding new features to the product can generate new growth opportunities for the global market.
Low demand for motorbikes in emerging economies due to high prices can pose a huge challenge for the global industry
Less demand for the product from the bottom of the pyramid population as well as middle-income groups and working class population can create a huge challenge for the global motorcycle apparel industry. High rates of interest on bank loans can also further challenge the global industry.
The global motorcycle apparel market is sectored into product type, end-use, distribution channel, and region.
In product type terms, the global motorcycle apparel market is segregated into helmets, shoes, gloves, jackets, pants, and base layers segments. Furthermore, the helmets segment, which acquired nearly two-fifths of the global market revenue in 2022, is anticipated to record the highest growth rate in the next couple of years. The growth of the segment during the projected timeline can be a result of a rise in the demand for helmets for protecting the heads of motorbike riders.
Based on the end-use, the global motorcycle apparel industry is sectored into on-road motorcycle apparel and off-road motorcycle apparel segments. Moreover, the on-road motorcycle apparel segment, which gathered a major global industry share in 2022, is expected to lead the global industry growth over the assessment timeline. The segmental surge over the forecast timeline can be a result of a rise in the demand for two-wheelers across emerging as well as developed countries.
Based on the distribution channel, the motorcycle apparel market across the globe is divided into store-based and non-store-based segments. Moreover, the store-based segment, which accounted for a key share of the global market in 2022, is likely to dominate the segmental surge over the forecasting timeline. The segmental expansion can be credited to easy availability of cost-effective as well as premium motorbike wear products.
Report Attributes | Report Details |
---|---|
Report Name | Motorcycle Apparel Market |
Market Size in 2022 | USD 11.03 billion |
Market Forecast in 2030 | USD 24.30 billion |
Growth Rate | CAGR of 7.1 |
Number of Pages | 216 |
Key Companies Covered | Yamaha Corporation, Icon Raiden, Sidi, Triumph, HJC, Fox Racing Inc., Kido, Alphinestars SPA, Scott, Ducati, AGV, BMW Motorrad, Dainese, Furygan, Rynox Gears India Private Limited, and others. |
Segments Covered | By Product Type, By End-Use, By Distribution Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific is predicted to maintain its dominant position in the global motorcycle apparel market over the analysis timeframe
Asia-Pacific, which accounted for about 43% of the global motorcycle apparel market revenue in 2022, will be a dominating sub-continent over the prognosis timeline. In addition to this, the regional market surge can be ascribed to the presence of major motorbike manufacturers such as Hondo, TVS, Bajaj, and Hero in countries such as India and Japan. Rise in the motorcycle sales in countries such as India, Indonesia, Thailand, Japan, South Korea, China, and Malaysia will further steer the expansion of the market in the region over the years ahead.
The North American motorcycle apparel industry is set to register the fastest CAGR in the ensuing years owing to the presence of original equipment manufacturers in countries such as the U.S. Countries such as Canada and the U.S. are likely to be the key regional revenue drivers in the next few years.
The global motorcycle apparel market profiles key players such as:
By Product Type
By End-Use
By Distribution Channel
FrequentlyAsked Questions
Motorcycle apparel is a fabric type that helps in offering more care and safety to commuters along with reducing the risk of collisions for bike riders.
The global motorcycle apparel market growth can be owing to a prominent rise in the demand for motorcycle apparel such as helmets, shoes, and jackets.
According to a study, the global motorcycle apparel industry size was $11.03 billion in 2022 and is projected to reach $24.30 billion by the end of 2030.
The global motorcycle apparel market is anticipated to record a CAGR of nearly 7.1% from 2023 to 2030.
The North American motorcycle apparel industry is set to register the fastest CAGR over the forecasting timeline owing to the presence of original equipment manufacturers in countries such as the U.S. Countries such as Canada and the U.S. are likely to be the key regional revenue drivers in the next few years.
The global motorcycle apparel market is led by players such as Yamaha Corporation, Icon Raiden, Sidi, Triumph, HJC, Fox Racing Inc., Kido, Alphinestars SPA, Scott, Ducati, AGV, BMW Motorrad, Dainese, Furygan, and Rynox Gears India Private Limited.
The motorcycle apparel market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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