Horse Riding Equipment Market Predicted to Accelerate the Growth by 2021 - 2031

The global horse riding market is expected to gain traction during the assessment year of 2021-2031 owing to the rising popularity of horse riding as an equestrian sport. Horse riding became more popular after 1990 as it gained its position in the array of Olympic Games in the equestrian sports category. This category includes horse vaulting, dressage vaulting, and many other competitions. The preference of the high-class population for recreational sports may bring multiple lucrative avenues for the horse riding equipment market.

Horse riding involves non-entertainment activities such as police mounting, military mounting, and demonstrations. The urban population is showing interest in bringing back the lost glory of traditional sports. This aspect has created new avenues for the growth of the horse riding equipment market.

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The horse riding equipment market can be segmented into the rider and equine equipment by type. Based on products, the market can be classified into saddles, vests, bridles, helmets, and others. By distribution channel, the market can be categorized into supermarkets and hypermarkets, online retailers, specialty stores, and others.

The research report curated by the team at TMR on the horse riding equipment market includes significant information about the overall market scenario. The synopsis of intrinsic and extrinsic factors that affect market growth has been meticulously put forth by experienced analysts. The competitive landscape, future insights, rising trends, regional prospects, and recent developments have been included in the report. This detailed information helps the stakeholders and CXOs make proper investments and planning decisions. The impact of the COVID-19 pandemic has also been included in this report.

Horse Riding Equipment Market: Competitive Analysis

The horse riding market has a large number of players who are striving hard to offer qualitative products at reasonable prices. They are focusing on research and development activities to produce innovative equipment to assure the safety and security of the riders. The emergence of new brands has led to cut-throat competition for multiplying sales through effective marketing and advertisements. The inclination of the major population across the globe towards animal-free products has opened new avenues for the growth of the horse riding equipment market. The key players are formulating strategies to establish the market presence. They are joining hands with start-ups, mergers, acquisitions, joint ventures, and partnerships. All these strategic moves may assure good growth opportunities for the players operating in the horse riding equipment market.

Some of the key players are Colonial Saddlery, Dainese, HKM Sports, Cavallo GmbH, Mountain Horse, and Decathlon.

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Horse Riding Equipment Market: Key Drivers

The urban crowd has shown a rising trend of engagement in recreational and leisure time activities. The rise in disposable income of the urban populace owing to rapid industrialization has led to spending on such activities. Horse riding is one of the preferred leisure activities chosen by the urban crowd. Furthermore, the health benefits attached to it such as strengthening of the body, improvement in body posture, and development of core strength are likely to foster the growth of the global horse riding equipment market.

Social media plays an important role in auguring the popularity of horse riding as celebrities post photos and videos which inspire the common crowd to follow the same. Additionally, the surge in the number of horse riding schools is expected to trigger the growth of the horse riding equipment market.

The acceptance of horse riding as a sport in the Olympic Games has increased its popularity among sports clubs, rider's hubs, and others. Also, the safety regulation imposed to ensure the security of the jockey has led to the rising demand for equipment such as headgears, horse rugs, reflective horse gear, and breeches. These factors have eventually, contributed to the growth of the horse riding equipment market. The insurance policies and reimbursements in case of injury during horse riding have also proved to be a growth booster for the horse riding equipment market.

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Horse Riding Equipment Market: Regional Dynamics

The market in Europe is likely to be at the forefront owing to a large number of riding schools in the region. North America is expected to follow Europe owing to the participation of a large number of horse riding enthusiasts present in this region. The Asia Pacific and the Middle East and Africa may show substantial growth due to the rising number of riders clubs upspringing in this region. These aspects may prove to open multiple avenues for the riding equipment market.

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