USD 12.5 billion
Motorbike Riding Gear Market Size, Share, Growth Analysis, By Product(Protective Gear, Clothing and Footwear), By Distribution Channels(Offline and Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25AG2007 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
60
|Figures:
75
Motorbike Riding Gear Market Insights
Motorbike Riding Gear Market size was valued at USD 13.3 billion in 2022 and is poised to grow from USD 14.15 billion in 2023 to USD 23.24 billion by 2031, growing at a CAGR of 6.4% during the forecast period (2024-2031).
Spending on motorcycle protection gear has increased as urban residents' disposable incomes have increased, and they've become more motivated to travel and have fulfilling lives. Motorcycle riding gear is now utilised for protection, including a helmet, gloves, jackets, knee and elbow guards, spine guards, pants, and shoes. Customers are increasingly looking for cutting-edge products with effective uses and safety features, so companies competing in the global market for protective motorcycle riding gear have increased their R&D spending in order to provide customers with cutting-edge products with added safety features. The market for high-end motorcycles is rising globally due to the rise in double-income households, which increased expenditure on protective riding gear. Due to the increasing demand for high-end motorcycles, market participants are providing cutting-edge and fashionable items that offer effective safety and are more expensive than conventional protective apparel. Moreover, during the projection period, demand for motorcycle riding gear is anticipated to be driven by product innovation, product line extension and premiumization.
US Motorbike Riding Gear Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Protective Gear
Fastest Growth
Protective Gear
Growth Rate
6.4% CAGR
Global Motorbike Riding Gear Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Motorbike Riding Gear Market Segmental Analysis
Global Motorbike Riding Gear Market is segmented on the basis of Product, Distribution Channels, and region. By Product, the market is segmented into Protective Gear, Clothing, and Footwear. By Distribution Channels, Motorbike Riding Gear Market is segmented into Offline and Online. By region, the Motorbike Riding Gear Market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Motorbike Riding Gear Market Analysis by Product
The protective Gear segment dominated the Global Motorbike Riding Gear Market. The improvement of road safety is significantly aided by protective equipment such helmets, gloves, knee caps, elbow guards, and spine guards. Furthermore, safety equipment shields motorcyclists from severe injury. Protective equipment manufacturers use cutting-edge materials like carbon fiber and fiberglass-reinforced plastic to create lightweight products. Also, manufacturers are including cutting-edge communication features in safety equipment like helmets, which is projected to boost demand for these goods.
The Clothing segmented is the fastest-growing segment of the Global Motorbike Riding Gear Market. Protection clothing is heavier and thicker than regular clothing, which includes safety armors and is waterproof. The segment is expected to develop due to rising demand for high-end bikes and rising awareness of traffic safety.
Motorbike Riding Gear Market Analysis by Distribution Channels
The Offline segment dominated the Global Motorbike Riding Gear Market. More than 90% of global sales came from the offline market. The expansion of the riding gear market is anticipated to benefit from the rising number of retail locations selling motorcycle safety gear in Brazil, India, and China. For instance, the Italian company Dinesen Protective Gear, which provides riding and motorcycle protection solutions, just joined the Indian market and intends to eventually open ten such stores there over the next few years. Innovative items are being offered by motorbike manufacturers like Royal Enfield, who just joined the market for protective gear for riders. As an illustration, Royal Enfield introduced the Stealth Black Collections of riding gear in the Indian market.
The Online segment is the fastest growing segment of the Global Motorbike Riding Gear Market. This category is becoming the main emphasis of online sellers like Amazon, Flipkart, and MotoSport.com. Developed nations like the United States, Germany, and the United Kingdom frequently use online shopping channel. Yet, because more and more people enjoy riding motorcycles, tiny internet sellers are starting to penetrate areas like Brazil, China, and India. Manufacturers are pressured to adjust their retail strategy for emerging markets due to the promising development displayed by e-commerce platforms in these nations, particularly India and China.
Global Motorbike Riding Gear Market Size By Product 2022 (%)
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Motorbike Riding Gear Market Regional Insights
Asia Pacific dominated the global Motorbike Riding Gear market. The market is expected to develop due to increasing public awareness of road safety. In the anticipated timeframe, a rise in disposable income is anticipated to increase the purchasing of premium motorcycles. The demand for motorcycle safety gear will increase over the forecast period. The market is anticipated to increase favorably as more advanced suppliers and goods become more widely available in nations like Australia, China, and India.
North America is expected to be the fastest-growing region in global Motorbike Riding Gear. Over the projected period, the market will primarily be driven by the implementation of strict rules along with rising awareness of road safety. The industry is anticipated to experience expansion because of the rising number of motorcycle riders. In addition, the popularity of motorcycle sports in the US, Spain, and Italy and high product visibility are driving up demand for protective riding gear for motorcycles.
Global Motorbike Riding Gear Market Size By Geography, 2022-2030
- Largest
- Fastest
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Motorbike Riding Gear Market Dynamics
Motorbike Riding Gear Market Drivers
Unacceptable Number of Accidents
- More and more bikers are exercising caution as the incidence of incidents keeps increasing at an alarming rate. Motor motorcycle helmet sales have surged as consumers become more ready to invest in their safety. Compared to four-wheeled vehicles, motorcycles are less stable. Furthermore, motorcycle riders are far more exposed to the elements and other road hazards than passengers in enclosed vehicles. The degree of safety and the measures implemented strongly correlate with the frequency of accidents and fatalities. So, spending on protective equipment like motorcycle helmets has increased as rider safety concerns have grown.
Increasing motorcycle ownership
- As the number of motorcycles on the road increases, so does the demand for protective gear to keep riders safe. motorcycle ownership has grown rapidly in many regions, particularly in emerging markets such as Asia and Africa. This is due to several factors, including the growing middle class, increasing urbanization, and the affordability and convenience of motorcycles compared to other modes of transportation. This market includes various products, including helmets, jackets, gloves, and boots, designed to protect riders from accidents and weather conditions. The increase in motorcycle ownership has also increased awareness of the importance of safety while riding, further fueling the demand for protective gear. government regulations mandating the use of helmets and other safety gear have also contributed to the growth of the riding gear market.
Motorbike Riding Gear Market Restraints
Stringent regulation
- The government regulations mandating the use of riding gear have contributed to the growth of the market. Strict or excessive regulations can also limit innovation and increase costs for companies. some regulations may require that riding gear meets specific safety standards or certifications, which can be expensive and time-consuming for companies to obtain. regulations may require certain types of riding gear to be worn, limiting the options available to consumers. However, it is important to note that government regulations can also positively affect the riding gear market.
Limited Product Differentiation
- With many companies offering similar products, it can be difficult for consumers to differentiate between brands and make purchasing decisions. This can be particularly challenging for smaller companies or new entrants into the market who may struggle to establish themselves and stand out from the competition. It can also lead to price competition as companies try to undercut each other to attract customers. However, there are strategies that companies can use to differentiate themselves and compete in this market. One approach is to focus on product innovation, developing new materials or features that improve the performance or comfort of riding gear. Another approach is to focus on branding and marketing, creating a strong brand identity and targeting specific market segments.
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Motorbike Riding Gear Market Competitive Landscape
Global Motorbike Riding Gear Market is highly competitive, with several major players operating in the industry. Market players who want to introduce cutting-edge items are putting a lot of effort into R&D. In order to increase the strength and longevity of their products, merchants are also adopting carbon fiber materials. Electronics are being incorporated into helmets by businesses as well.
Motorbike Riding Gear Market Top Player’s Company Profiles
- Alpinestars
- Dainese S.p.A.
- Fox Head Inc.
- Leatt Corporation
- O'Neal Inc.
- Scott Sports SA
- KLIM
- Fly Racing
- Bell Helmets
- Shoei Co. Ltd.
- AGV Sports Group Inc.
- HJC Helmets
- Arai Helmet Ltd.
- Joe Rocket
- Icon Motosports
- Rev'It!
- Spidi Srl
- Held GmbH
- Rukka
- Klim
Motorbike Riding Gear Market Recent Developments
- In June 2022, Gianni Falco unveiled the Starboy 3, a new pair of riding sneakers. It has a conventional lace-up fastening and is lightweight.
- In May 2022, Furygan introduced a brand-new pair of riding gloves for its spring and summer collections, dubbed The Volt. More riding comfort is anticipated with these.
- In May 2021, Klim's new off-road clothing was made available. It includes brand-new XC Lite and Dakar series hues as well as updated Mojave gear.
- In February 2021, the Indian riding gear company, Rynox Gears, raised $1.6 million in a pre-Series A funding round. The funding was led by Pravega Ventures and also included participation from existing investors, including Sequoia Capital India's Surge.
Motorbike Riding Gear Key Market Trends
Increasing demand for protective gear
- The availability of innovative materials and technologies that offer improved rider protection and comfort is driving the market growth. Motorcycle accidents can result in serious injury or even death, and riders are increasingly aware of the need to wear protective gear such as helmets, jackets, gloves, and boots. As a result, companies are responding by developing new materials and technologies that offer improved impact resistance, ventilation systems, and smart connectivity. In addition to providing protection, these innovative materials and technologalso aim to improveving rider comfort, which is an important consideration for many motorcyclists. For example, some companies are developing gear with improved ventilation systems or moisture-wicking properties that help keep riders cool and dry.
Motorbike Riding Gear Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global motorbike riding gear market analysis, the market growth is driven by factors such as increasing motorcycle ownership, rising awareness of safety, and the availability of advanced riding gear technologies. As more people purchase motorcycles for transportation or recreation, there is a growing awareness of the need for protective gear to ensure rider safety. This has increased demand for motorbike riding gear, including helmets, jackets, gloves, and boots. In addition to the growth in motorcycle ownership, advances in technology have also contributed to the growth of the market. Companies are developing innovative materials and features for their riding gear, such as improved impact resistance, ventilation systems, and smart connectivity.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 12.5 billion |
| Market size value in 2030 | USD 21.85 billion |
| Growth Rate | 6.4% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Motorbike Riding Gear Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Motorbike Riding Gear Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Motorbike Riding Gear Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Motorbike Riding Gear Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Motorbike Riding Gear Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Motorbike Riding Gear Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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