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.
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Overview of the Global Riding Protective Gear Market
The riding protective gear market is characterized by a diverse selection of safety equipment that is specifically designed for equestrian, bicycle, and motorcycle riders. This encompasses body armor, knee and elbow pads, boots, mittens, jackets, and helmets, all of which are designed to offer the highest level of protection in the instance of an accident. These products are frequently constructed from high-impact plastics, Kevlar, and leather, and they frequently include advanced features such as abrasion resistance, impact absorption technology, and ventilation systems. The primary objective of riding protective gear is to reduce injuries and improve the overall safety and convenience of riders.
The study encompasses the drivers and restraints of the riding protective gear market, as well as the influence they have on demand during the forecast period. Furthermore, the report encompasses an examination of the global opportunities and threats to the riding protective gear market.
An analysis of Porter’s Five Forces model for the riding protective gear market has also been incorporated to comprehend the competitive landscape in the market. The research includes a market attractiveness analysis, which evaluates the market size, growth rate, and general attractiveness of all segments.
Growth Drivers of the Global Riding Protective Gear Market
The riding protective gear market is being driven by a combination of growth factors, including the growing awareness of safety among motorcyclists and the strict regulations that require the use of protective gear. The demand is also fueled by the increasing prominence of motorsports, cycling, and recreational riding. The performance and appeal of products are enhanced by technological advancements in materials and design, such as improved ergonomic fits and lightweight composites. Furthermore, a broader consumer base is being attracted by the increasing trend toward customization and fashionable apparel. The market growth has been further stimulated by the increased accessibility of protective gear, which has been facilitated by the expansion of e-commerce platforms. The demand for riding protective apparel is anticipated to continue its upward trajectory as urbanization and disposable incomes increase, particularly in emerging markets.
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The Global Riding Protective Gear Market is segmented based on product, application and region
Global Riding Protective Gear Market: Product Segment Analysis
● Helmets
● Jackets
● Knee Pads
● Gloves
● Shoes
● Others
Global Riding Protective Gear Market: Application Segment Analysis
● Motorcycle
● Scooter
● Step-Through
● Others
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The Global Riding Protective Gear market profiles key players such as:
● PT Tarakusuma Indah
● Jiujiang Jiadeshi
● NZI
● LAZER
● Pengcheng Helmets
● Safety Helmets MFG
● Alpine Star
● Zhejiang Jixiang
● Hehui Group
● Yema
Regional Analysis of the Global Riding Protective Gear Market
It is anticipated that the Asia Pacific riding protective gear market will experience significant growth during the forecast period. This can be ascribed to the increasing number of racing events, rising per capita income, and improved infrastructural facilities in rural areas. The riding protective gear market is expected to be further stimulated by the following factors over the forecast period: strict government regulations, an increasing number of working women, the development of roads and infrastructure, and the evolution of economies.
The riding protective gear market in North America is expected to experience substantial development as a result of the growing number of female riders, who are contributing to the transformation of the motorcycle culture in the region. The European riding protective gear market is expected to experience significant growth in response to the rising number of moped and electric cycle registrations in the region. Low consumer expenditure is anticipated to result in sluggish growth in the Middle Eastern, African, and Latin American markets during the estimated period.
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