NEW
YORK, June 18, 2024 /PRNewswire/ -- The
global protective motorbike riding gear market size is
estimated to grow by USD
4.42 billion from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of over 5.67%
during the forecast period. Increasing number of road
accidents is driving market growth, with a trend
towards growing online purchase of protective motorbike riding
gear. However, fluctuations in raw material prices poses
a challenge. Key market players include Alpinestars USA Inc., ARAI Helmet Ltd., Belstaff
International Ltd., Caberg Spa, Dainese Spa, FLY Racing, Leatt
Corp., REVIT Sport International BV, RYNOX GEARS, Schuberth GmbH,
Sena Technologies Inc., SHOEI Co. Ltd., Shot Race Gear USA, Spidi Sport Srl, SULLIVANS Inc., Vale
Brothers Ltd., Vega Auto Accessories Pvt. Ltd., Vista Outdoor Inc.,
Youngone Corp., and ZEUS MOTORCYCLE GEAR.
Get a detailed analysis on regions, market segments, customer
landscape, and companies- View the snapshot of this report
Protective Motorbike
Riding Gear Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.67%
|
Market growth
2024-2028
|
USD 4425
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.28
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 79%
|
Key
countries
|
China, India,
Indonesia, US, and Thailand
|
Key companies
profiled
|
Alpinestars USA Inc.,
ARAI Helmet Ltd., Belstaff International Ltd., Caberg Spa, Dainese
Spa, FLY Racing, Leatt Corp., REVIT Sport International BV, RYNOX
GEARS, Schuberth GmbH, Sena Technologies Inc., SHOEI Co. Ltd., Shot
Race Gear USA, Spidi Sport Srl, SULLIVANS Inc., Vale Brothers Ltd.,
Vega Auto Accessories Pvt. Ltd., Vista Outdoor Inc., Youngone
Corp., and ZEUS MOTORCYCLE GEAR
|
Market Driver
The protective motorbike riding gear market has experienced
significant growth due to the increasing popularity of e-commerce
platforms for automotive aftermarket purchases. With increasing
Internet penetration, customers in developing countries have easy
access to a wider range of brands and their offerings. E-retailing
allows buyers to compare prices, features, and reviews, enabling
more informed decisions. Prominent retailers like AutoZone and
Advance Auto Parts offer discounts and special coupons, enhancing
the customer experience and encouraging repeat purchases. Popular
online purchases include motorcycle protective gear, contributing
to the market's growth during the forecast period.
The protective motorbike riding gear market is experiencing
significant growth, with a focus on safety and comfort. Key
products include helmets, jackets, pants, gloves, and boots.
Technology plays a crucial role, with ventilation and climate
control features becoming increasingly popular. Consumers seek
durability and protection against wind, rain, and impact. Brands
are responding with innovative designs and materials, such as
carbon fiber and high-density foam. Additionally, customization
options are trending, allowing riders to personalize their gear to
their specific needs and preferences. Overall, the market is driven
by a desire for safety, comfort, and style on the road.
Research report provides comprehensive data on impact of trend.
For more details- Download a Sample Report
Market Challenges
- The protective motorbike riding gear market faces challenges
due to fluctuating raw material prices, particularly for helmets
and suits. Helmets use thermoplastic, fiberglass, Kevlar, carbon
composite, and EPS. Suits are made of textile, leather, or
synthetic leather. Raw material procurement includes transportation
costs, supplier constraints, and fuel prices. These factors
increase product costs, squeezing vendor profit margins in the
competitive market.
- The protective motorbike riding gear market faces several
challenges. Helmets are crucial for rider safety, but ensuring all
users wear them is a challenge. Elbow, knee, and back guards are
essential protective gear, but finding the right size and comfort
level for riders can be difficult. Guards should be durable and
lightweight, but this balance can be hard to achieve. Brands must
also consider the cost of production and the affordability of their
products for consumers. Additionally, regulations and standards for
motorbike riding gear vary, making it important for brands to stay
informed and compliant. Overall, the market requires innovative
solutions to address these challenges and prioritize rider
safety.
For more insights on driver and
challenges - Request a sample report!
Segment Overview
This protective motorbike riding gear market report extensively
covers market segmentation by
- Product
- 1.1 Helmets
- 1.2 Apparels
- 1.3 Others
- Distribution Channel
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Helmets- The protective motorbike riding gear
market is primarily driven by the popularity and demand for
helmets. In 2023, helmets accounted for a significant market share
due to their importance in ensuring rider safety. Open-face,
flip-up, and full-face helmets cater to various rider preferences
and purposes. Mandatory helmet laws in some regions and growing
awareness of road safety are increasing helmet demand. Innovations
such as smart helmets and head cooling helmets further enhance
their appeal. Despite this, there are regions with low helmet usage
due to lacking regulations. Overall, the benefits of helmets,
including head injury protection and enhanced visibility, are key
growth drivers for the market.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
The Protective Motorbike Riding Gear market caters to the needs
of motorcycle riders, ensuring their safety and security during
bike riding experiences. Fatal injuries from road accidents are a
significant concern, and motorcycle gear plays a crucial role in
preventing severe injuries, including head and neck injuries, cuts,
road burns, and scratches. Motorbike clothing and safety equipment
are essential in inclement weather conditions such as rain, snow,
cold, wind, and reduced vision clarity. Style is also a
consideration for many riders, but proof of identity should never
be compromised. Motorcycle riders and road users alike benefit from
the precautions offered by motorcycle gear, which includes proof of
identity protection and crash protection. The market for motorcycle
gear continues to grow as the importance of safety becomes
increasingly recognized.
Market Research Overview
The Protective Motorbike Riding Gear market encompasses a wide
range of equipment designed to ensure the safety and comfort of
motorcyclists. This includes helmets, jackets, pants, gloves,
boots, and protective pads. These gears are manufactured using
advanced materials such as leather, textiles, and high-density
foams. They offer features like ventilation, waterproofing, and
insulation to cater to various riding conditions. The market is
driven by increasing motorcycle sales, growing awareness of road
safety, and regulatory norms mandating the use of protective gear.
Consumers seek gear that offers superior protection, durability,
and style. The market is segmented based on product type,
distribution channel, and geography. Manufacturers continually
innovate to meet evolving consumer needs and regulatory
requirements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Distribution Channel
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio