Global Protective Riding Gear Market 2023: Ongoing Trends, Market Growth Factors, Threatening Factors, Opportunities, Strategies, Recent Developments, Segments, and Forecast till Next 10 Years
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Protective Riding Gears: Product Overview
Protective riding gear includes clothing and equipment worn by the riders as a safety measure against any fatal accident or injuries that may occur during traveling, especially while traveling on a motorcycle.
Global Protective Riding Gears Market was valued at USD XX.X Million in 2022 and is reach to USD XX.X Million by 2033 at a CAGR of x%
Global Protective Riding Gear Market: Dynamics
Increasing statistics of motorcycle accidents and its fatal consequences where the driver becomes susceptible to injuries and physical bruises have been among the major reasons for the rising demand for protective riding gears. Increasing awareness among the population about road safety measures for driving is also triggering demand for safety gear, which is expected to drive the growth of the global protective riding gear market over the forecast period.
In addition, regulations by governments that make wearing protective gear mandatory, combined with heavy fines for abiding the laws are expected to augment the growth of the global market in the coming years. Increasing demand for protective riding gear can also be accredited to the growing racing industry. Performance racing includes auto racing and motorsports, where protective gear forms a quintessential element.
Additional factors expected to drive growth of the global market are increasing demand for motorcycles among the youth, increasing production of sports vehicles, increasing product innovation, and protective gear considered as fashion trends.
Increasing collaboration among the leading players, combined with car and bike manufacturers also extending their line of production to manufacture protective riding gears and apparels are some of the recent trends observed in the industry and are expected to gain traction and support growth of the players as well as the global market in the coming years. In December 2017 for instance, Royal Enfield, a leading Indian motorcycle manufacturer brand, launched riding gears as an addition to its product portfolio, specifically for the Indian market, inspired by launch of Stealth Black 500cc bike.
Global Protective Riding Gear Market: Segment Analysis
Among the type segments, the helmets segment is currently dominating in the global market and is expected to continue the same over the forecast period. Helmets are considered as the most important protective equipment as it offers protection against head injuries or reduces the extent of casualties.
Among the application segments, the motorcycle segment is expected to account for a major revenue share and is expected to continue with its dominance in the coming years.
By Distribution Channel:
Among the distribution channel segments, the specialty stores segment is expected to grow at a considerable growth rate, owing to the availability of high end branded products of different categories under one roof. The online retail segment is anticipated to account for major revenue share in the near future owing to rapidly increasing number of individuals shopping online instead of visiting stores.
Global Protective Riding Gear Market: Regional Analysis
The North America market is currently dominating in the global market, owing to the increasing production of high-performance motorbikes, combined with increasing ownership of such bikes in countries in the region, increasing disposable income, increasing growth of racing industry, and stringent regulatory mandates on account of riding safety measures.
Market in the Asia Pacific is expected to become the fastest-growing market in the coming years and register a significant growth rate, owing to the increasing popularity of bikes not only among the male population but also among women, combined with increasing demand for enhanced gears among the population in the developing economies of the region.
Global Protective Riding Gear Market Segmentation:
Segmentation by Type:
- Knee Pads
Segmentation by Application:
Segmentation by Distribution Channel:
- Specialty Stores
- Mass Merchandisers
- Online Retail
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size USD XX.X Million Growth Rate x% Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2023-2033 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- PT Tarakusuma Indah
- Aero Design & MFG
- Arai Helmet
- Royal Enfield
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