Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 3.94 Billion | USD 5.64 Billion | 4.18% | 2023 |
The global riding protective gear market size was worth around USD 3.94 billion in 2023 and is predicted to grow to around USD 5.64 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.18% between 2024 and 2032.
The report covers a forecast and an analysis of the riding protective gear market on a global and regional level. The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD Billion) and volume (Million Units).
The riding protective gear market encompasses a wide range of safety equipment designed for motorcycle, bicycle, and equestrian riders. This includes helmets, jackets, gloves, boots, knee and elbow pads, and body armor, all engineered to provide maximum protection in the event of an accident. These products are typically made from durable materials such as leather, Kevlar, and high-impact plastics, and often incorporate advanced features like ventilation systems, impact absorption technology, and abrasion resistance. The primary goal of riding protective gear is to minimize injuries and enhance the overall safety and comfort of riders.
The study includes drivers and restraints for the riding protective gear market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities and threats to riding protective gear market on a global level.
To understand the competitive landscape in the market, an analysis of Porter’s Five Forces model for the riding protective gear market has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
Growth factors driving the riding protective gear market include the increasing awareness of safety among riders and stringent regulations mandating the use of protective gear. The rising popularity of motorsports, cycling, and recreational riding also fuels demand. Technological advancements in materials and design, such as lightweight composites and improved ergonomic fits, enhance product performance and appeal. Additionally, the growing trend towards customization and fashionable gear is attracting a broader consumer base. The expansion of e-commerce platforms has made protective gear more accessible, further boosting market growth. As urbanization and disposable incomes increase, particularly in emerging markets, the demand for riding protective gear is expected to continue its upward trajectory.
The study provides a decisive view of the riding protective gear market by segmenting the market based on type, application, distribution channel, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.
By type, the global riding protective gear market is segmented into helmets, jackets, knee pads, gloves, shoes, and others. Helmets are anticipated to dominate the global market in the upcoming years, owing to stringent regulations governing the compulsion of helmet usage globally.
By application, the riding protective gear market is segmented into motorcycle, scooter, step-through, and others. Motorcycles are projected to grow substantially over the estimated timeframe, owing to the increasing popularity of motorcycle riding among women especially in urban areas.
By distribution channel, the riding protective gear market includes specialty stores, mass merchandisers, and online retail. Online retail stores are expected to gain popularity over the forecast time period.
Report Attributes | Report Details |
---|---|
Report Name | Riding Protective Gear Market Research Report |
Market Size in 2023 | USD 3.94 billion |
Market Forecast in 2032 | USD 5.64 billion |
Growth Rate | CAGR of 4.18% |
Number of Pages | 110 |
Key Companies Covered | PT Tarakusuma Indah, Jiujiang Jiadeshi, NZI, LAZER, Pengcheng Helmets, Safety Helmets MFG, Alpine Star, Zhejiang Jixiang, Hehui Group, Yema, and among others. |
Segments Covered | By Type,By Application, By Distribution Channel, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., Germany, France, UK, China, Japan, India, and Brazil.
The Asia Pacific riding protective gear market is projected to expand substantially over the forecast timeframe. This can be attributed to the improved infrastructural facilities in rural areas, rising per capita income, and an increasing number of racing events. Evolving economies, growing road and infrastructure development, increasing working women population, and stringent government regulations are anticipated to further drive the riding protective gear market over the forecast time period. North America is anticipated to show significant growth in the riding protective gear market, owing to increasing number of female riders that is helping in transforming the motorcycle culture in North America. The European riding protective gear market is anticipated to show momentous growth amid the increasing number of moped and electric bike registrations in the region. The Middle Eastern and African and Latin American markets are projected to show sluggish growth over the estimated period, due to low consumer spending.
Some key players of the global riding protective gear market are:
This report segments the global riding protective gear market into:
Global Riding Protective Gear Market: Type Analysis
Global Riding Protective Gear Market: Application Analysis
Global Riding Protective Gear Market: Distribution Channel Analysis
Global Riding Protective Gear Market: Regional Analysis
FrequentlyAsked Questions
Riding protective gear refers to specialized clothing and equipment designed to protect riders from injuries while riding bicycles, motorcycles, horses, or participating in other riding sports. This gear includes helmets, gloves, jackets, pants, boots, and other items to enhance safety and comfort.
According to study, the global Riding Protective Gear Market size was worth around USD 3.94 billion in 2023 and is predicted to grow to around USD 5.64 billion by 2032.
The CAGR value of Riding Protective Gear Market is expected to be around 4.18% during 2024-2032.
Asia Pacific has been leading the global Riding Protective Gear Market and is anticipated to continue on the dominant position in the years to come.
The global Riding Protective Gear Market is led by players like PT Tarakusuma Indah, Jiujiang Jiadeshi, NZI, LAZER, Pengcheng Helmets, Safety Helmets MFG, Alpine Star, Zhejiang Jixiang, Hehui Group, Yema, and among others.
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