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Reimagining the riding gear market by exploring trends, technological breakthroughs, and consumer demands in the United States, France, Japan, South Africa and Australia.

08-23-2024 01:59 PM CET | Fashion, Lifestyle, Trends

Press release from: Bonafide Research

The global riding gear market is anticipated to cross USD 15 Billion by 2029 with 5.14% CAGR by 2024-29.

The global riding gear market is anticipated to cross USD 15 Billion by 2029 with 5.14% CAGR by 2024-29.

Riding a motorcycle is an exhilarating experience, offering a sense of freedom and adventure that is unparalleled. However, it also comes with its own set of risks. The exposure to the elements, the lack of a protective shell, and the high speeds involved make motorcycle riding a potentially dangerous activity. This is where the importance of riding gear comes into play. Riding gear is not just about looking good on the motorcycle; it's primarily about safety and comfort. According to the research report, "Global Riding Gear Market Outlook, 2029" published by Bonafide Research, the market is anticipated to cross USD 15 Billion by 2029, increasing from USD 13.33 Billion in 2023. The market is expected to grow with 5.14% CAGR by 2024-29. Manufacturers are increasingly adopting advanced materials such as Kevlar, Gore-Tex, and Cordura for enhanced durability, abrasion resistance, and weather protection. These materials not only improve the safety and performance of riding gear but also offer greater comfort and versatility. The integration of smart technology into riding gear is revolutionizing the industry. From helmets with built-in Bluetooth communication systems to jackets with integrated airbag technology, riders now have access to a range of innovative features aimed at enhancing safety and connectivity on the road. With growing environmental awareness, many riding gear manufacturers are embracing sustainable practices, such as using eco-friendly materials, reducing waste in production processes, and implementing recycling programs. Sustainable riding gear not only minimizes environmental impact but also appeals to environmentally conscious consumers. Customization and personalization options are gaining popularity, allowing riders to tailor their gear to their individual preferences and riding styles.

Protective gear stands at the forefront of the riding gear market due to its pivotal role in safeguarding riders against potential risks and ensuring their safety on the road. The primary reason for its leading position lies in its paramount importance in mitigating the inherent dangers associated with riding various types of two-wheeled vehicles. Protective gear serves as a critical barrier between the rider and potential hazards encountered on the road. Helmets, for instance, are designed to protect the rider's head from traumatic brain injuries in the event of a collision or fall. They are constructed using advanced materials such as polycarbonate, fiberglass, or carbon fiber, engineered to absorb and distribute the force of impact, thus reducing the risk of severe head injuries. Offline retail channels, such as specialty motorcycle shops and sporting goods stores, have established themselves as the leaders in the riding gear market, primarily due to the unique advantages they offer in terms of customer experience and engagement. The main reason behind their leading position is the tactile experience they provide to customers. Unlike online shopping, where customers cannot physically interact with the products before making a purchase, offline retail stores allow riders to try on gear, feel the materials, and assess the fit and comfort firsthand. This hands-on experience is invaluable when selecting riding gear, as it enables customers to make informed decisions based on their individual preferences and requirements. Moreover, offline retail channels offer personalized assistance from knowledgeable staff members who can provide expert guidance and recommendations tailored to each customer's needs.

For more insights: https://www.bonafideresearch.com/product/240416291/global-riding-gear-market

In North America, the riding gear market is well-established and diverse, driven by a strong culture of motorcycling, cycling, and equestrian sports. The United States is the dominant market, with a high demand for a range of riding gear including motorcycle jackets, helmets, gloves, and protective equipment. Major states such as California, Texas, and Florida are particularly significant, reflecting high levels of motorcycle and cycling activity. Canada also contributes to the market with a growing interest in both motorcycling and equestrian sports. The North American market is characterized by a focus on safety, durability, and innovation, with consumers seeking advanced materials and technologies that enhance protection and comfort. The European riding gear market is influenced by a strong tradition of motorcycling and cycling, as well as a notable presence of equestrian sports. Countries like Germany, the United Kingdom, France, and Italy are key markets, each with unique consumer preferences and trends. Germany is known for its high-quality, technologically advanced riding gear, reflecting a focus on safety and innovation. The UK and France show a strong preference for stylish and functional gear, with a significant market presence for both motorcycling and equestrian products. Italy contributes with its renowned fashion sense and high-performance gear. The European market is characterized by a high level of regulation and safety standards, with an emphasis on quality, design, and functionality. In the Asia-Pacific region, the riding gear market is rapidly expanding due to increasing urbanization, rising disposable incomes, and growing interest in motorcycling and cycling.

For more insights on Europe: https://www.bonafideresearch.com/product/240416293/europe-riding-gear-market

China and Japan are leading markets, with China's growing middle class driving demand for both motorcycle and cycling gear. In Japan, a strong motorcycling culture and emphasis on high-quality, technologically advanced gear influence the market. Other notable markets include India and South Korea, where increasing motorcycling and cycling activities are boosting demand. The Asia-Pacific market is characterized by a blend of traditional and modern preferences, with a rising interest in affordable yet high-quality riding gear. Innovations in materials and design, as well as the expansion of online retail channels, are shaping the market dynamics in the region. The riding gear market in South America is developing steadily, driven by increasing interest in motorcycling and cycling as popular modes of transport and recreation. Brazil and Argentina are key markets, with a growing demand for both protective and stylish riding gear. In Brazil, the market is influenced by the high number of motorcycle riders and the increasing popularity of cycling. Argentina's market shows a rising interest in high-quality and functional riding gear, reflecting a growing middle class and enhanced recreational activities. The South American market is characterized by a demand for cost-effective solutions that provide safety and comfort, with increasing attention to design and technological advancements as economic conditions improve. The riding gear market in the Middle East & Africa is emerging, with growth driven by increasing urbanization, rising affluence, and a growing interest in motorcycling and cycling. The UAE and Saudi Arabia are leading markets in the region, with a significant demand for high-quality and stylish riding gear that aligns with modern lifestyles. In South Africa, there is also a growing interest in both motorcycle and cycling gear, reflecting a rise in recreational activities and a focus on safety. The market is characterized by a blend of traditional and contemporary preferences, with an emphasis on durability, style, and performance.

For more insights on South America: https://www.bonafideresearch.com/product/240416295/south-america-riding-gear-market

The riding gear market is poised for substantial growth, driven by advancements in technology, evolving consumer expectations, and a heightened focus on safety and performance. Future innovations are expected to revolutionize riding gear with the integration of smart technologies, such as embedded sensors and connectivity features that enhance rider safety and provide real-time data on performance and environmental conditions. The development of advanced materials, including lighter, more durable, and breathable fabrics, will improve comfort and protection, catering to the growing demand for high-performance gear. Additionally, the market will likely see increased adoption of customizable and modular gear, allowing riders to tailor their equipment to their specific needs and preferences. Sustainability will become a significant focus, with manufacturers exploring eco-friendly materials and production processes to meet the rising consumer demand for environmentally responsible products. The rise of electric motorcycles and innovative cycling technologies will further drive the market, as new riding experiences and gear requirements emerge. The expansion of digital platforms and e-commerce will also enhance accessibility and convenience, enabling consumers to explore a broader range of products and innovations.

For more insights on Middle East & Africa: https://www.bonafideresearch.com/product/240416296/middle-east-and-africa-riding-gear-market

Considered in this report
• Geography: Global
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Regions & Countries covered in the report:
• North America (United States, Canada, Mexico)
• Europe (Germany, United Kingdom, France, Spain, Italy, Russia)
• Asia-Pacific (China, Japan, India, Australia, South Korea)
• South America (Brazil, Argentina, Colombia)
• Middle-East & Africa (UAE, Saudi Arabia, South Africa)

Aspects covered in this report
• Global riding gear market with its value and forecast along with its segments
• Region & Country-wise riding gear market analysis
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Product
• Protective Gear (Body Armor, Knee and Elbow guards, Glovers and Helmet)
• Clothing Gear (Jacket, Pants and Riding Suits)
• Footwear (Urban motorcycle boots, Motorcycle touring boots and Racing motorcycle boots)

By Distribution Channel
• Online
• Offline

For more insights on India: https://www.bonafideresearch.com/product/6404162906/india-riding-gear-market

Contact us:
Steven Thomas - Sales & Marketing Manager
E-mail: sales@bonafideresearch.com
Asia-Pacific: +91 7878231309
Europe: +44 20 8089 0049
North America: +1 201 793 8545
https://www.bonafideresearch.com/

Bonafide Research is the fastest-growing global market research and consulting company, providing syndicated research reports, customized research reports, and consulting services to a range of verticals. Bonafide Research stands out as a contemporary market research company, renowned for its unparalleled resilience and integrated approach. With an extensive database of more than 18000 reports from 60 countries and expertise across 11 diverse industry domains and even assist the companies in spectrum of services, including designing their market assessment, market entry strategies, and consumer behavior analysis etc. Since last 10 years, we have served close to 1000+ clients and it includes fortune 500 companies across the globe. Bonafide has continuously made efforts to evolve and enhance the report quality with each passing day. Bonafide Research has a strong base of analysts and consultants from assorted areas of expertise who track the latest economic, demographic, trade, and market data globally and help clients make informed business decisions. They periodically update their market research studies to ensure that their clients get the most recent, relevant, actionable, and valuable information for strategy development and to extract tangible results.

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