Motocross Gear
Market 2022 - Market Size & Forecast, Industry Trends, Manufacturers
Analysis, & Opportunities 2030
Page: 367 | Report Code: AT22100601 | Research Suite: Report (PDF) & Market Data (Excel)
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Introduction: -
The global motocross gear market consists of sales of different riding
and protective motocross gear, including jerseys, helmets, jackets, boots,
guards, etc., manufactured by various leading and emerging market players.
These gears are required for drivers or motorcycle riders with off-road
motorcycles. The global motocross gear market is expected to witness growth at
a compounded annual growth rate (CAGR) of 6.4% during the forecast period of
2022-2030.
Growth Drivers:
The overall
number of outdoor sports activities, including adventure sports and motocross
events, has increased tremendously across the globe over the last few years.
The rise in the number of such events leads to enhanced participation of people
in motocross racing. The number of fatal injuries and accidents in such races
is a common phenomenon, giving rise to the need for protective gear. Moreover,
the average disposable income of people across regions is also growing, resulting
in enhanced spending on quality equipment. All these factors are primarily
boosting the growth of the global motocross gear market.
Moreover,
the players operating in the global motocross gear market are seen to be continuously
allocating substantial amounts of effort to enhance their manufacturing
techniques and technologies to launch a variety of different safety equipment
or gear such as boots, jackets, jerseys, and helmets. Along with this, they are
also witnessed to be increasingly promoting safe riding with the help of
various awareness campaigns and initiatives. Additionally, the governments
across different regions across the globe are also seen to be rolling-out
stringent rules and regulations, making it mandatory for motorcycle riders to
wear helmets. Several NGOs and private organizations are also engaging
themselves in launching campaigns to encourage motor vehicle safety. These
factors are expected to largely aid in the growth of the global motocross gear market
in the upcoming years.
Furthermore,
the fast-paced expansion of the automobile industry worldwide, the surging
awareness regarding the benefits of protective motocross gear, the ever-rising
global population, the increasing obsession of riding among millennials, and
the increasing number of online sales channels offering easy accessibility and
a wide range of motocross gear products are anticipated to further augment the
growth of the global motocross gear market during the forecast period.
However,
the high cost of production and maintenance processes associated with motocross
gear is projected to hinder the growth of the global motocross gear market to
some extent during the forecast period of 2022-2030.
Motocross Gear
Market Segmentation:
By Product:
·
Riding Gears
o
Jerseys
o
Jackets
o
Pants/Shorts
·
Protective Gears
o
Guards (Knee Brace, Neck Brace,
Gloves, and Others)
o
Armored Jackets
o
Boots
o
Helmets
By Size:
·
Small
·
Medium
·
Large
·
Extra-Large
By Sales Channel:
·
Franchised Stores
·
Specialty Stores
·
Direct-to-Customer Channels
·
Third-party Online Channels
By Demographics:
·
Men
·
Women
·
Kids
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
Motocross Gear Market: Product Review:
Based on product, the global motocross gear market is segmented into
riding gears and protective gears. The riding gears segment held the largest
share of 55.0% in the market in 2021. The segment is anticipated to continue to
lead the market during the forecast period of 2022-2030. The high usage and
popularity of riding gears due to their ability to provide high comfort and the
growing number of riders across the globe are mainly ascribed to this segment's
large share and high growth. However, the protective gears segment is expected
to achieve the highest growth in the market during the forecast period. This
can be attributed to the increasing number of sporting events and the growing
number of fatal accidents of riders across the globe.
Motocross Gear Market: Demography Review:
Based on demography, the global motocross gear market is classified into men,
women, and kids. The men segment acquired the largest share in the market in
2021. The segment’s position is anticipated to remain the same during the
forecast period of 2022-2030. The comparatively higher number of male motorbike
riders across the globe coupled with the increasing interest among men to
participate in racing events worldwide are predominantly driving the growth of
this particular segment.
Motocross Gear Market: Sales Channel Review:
Based on sales channel, the motocross gear market is categorized into franchised
stores, specialty stores, direct-to-customer channels, and third-party online
channels. The specialty stores segment led the market in 2021, and the trend is
expected to remain unchanged throughout the forecast period. The large share of
this segment can be well attributed to the high inclination of manufacturers towards
enhancing the shelf visibility of their products and the high number of benefits
offered by specialty stores.
Regional
Outlook:
The motocross
gear research report offers detailed analysis and forecasts for five major
regions: North America, Europe, Asia Pacific, and Latin America, and the Middle
East & Africa.
The North American
region emerged as the largest motocross gear market in 2021. The region’s
dominance is predicted to continue over the forecast period of 2022-2030.
Factors such as the high interest among people to rides motorbikes, the
increasing number of training programs for new motocross riders, the rapidly
enhancing lifestyles of people, the improving manufacturing techniques of
motocross gears, and the presence of the leading motocross gears manufacturers
in the region are majorly attributed to the large share of North America in the
motocross gear market. The U.S. and Canada stand as the leading contributors to
the market.
The European
region captured the second-largest share in the global motocross gear market in
2021. The region’s position is expected to remain unchanged during the forecast
period of 2022-2030. However, the region is predicted to witness massive growth
over the forecast period, owing to the high need for the adoption of riding and
protective gear due to the growing number of racing competitions and the rising
number of female participants in motocross racing in the region. Germany is the
major contributor to the growth of the market in the region.
The Asia
Pacific region is projected to witness the highest growth in the global
motocross gear during the forecast period, followed by Latin America. The
growth of the market in the region can be attributed to the factors such as the
surging number of bike riders, the soaring awareness regarding racing safety
protocols, the proliferating demand for various riding and protective motocross
gear, and the increasing number of racing competitions, coupled with the rising
number of injuries & accidents in the region. Moreover, the presence of
well-established manufacturing industries and the hike in the number of
motocross training institutes in major parts of the region are also
contributing significantly to the growth of the motocross gear market in the
Asia Pacific. India, China, and Japan are among the major contributors to the
growth of the market in this region.
The report also
identifies the country market outlook for motocross gear, covering country-wise
market size, growth rate, market share, segmentation, leading players, current
trends, and opportunities.
Key Companies in
Motocross Gear Market:
The research
report offers a competitive analysis of prominent companies operating in the
global motocross gear market. Some of the leading players profiled in the
market research report include:
·
Dainese
·
AlpineStars
·
O'Neal
·
Motorsport Aftermarket Group
·
Scott Sports
·
Aero Stitch
·
Fox Racing
·
Answer Racing
·
FLY Racing Jackets
·
Joe Rocket Jackets
·
Ride Icon
· Other Players