Motorcycle Apparel Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.84 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Asia-Pacific |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Motorcycle Apparel Market Analysis
Currently, the riding gear market was valued at USD 11.4 billion, and it is projected to be worth USD 16.9 billion over the next five years, registering a CAGR of 6.84% during the forecast period.
The COVID-19 pandemic had a negative impact on the market in 2020. The production of bikes, riding gear, and accessories were halted as a result of global lockdown restrictions. Riding bikes and gears saw almost no use as there was no movement. While Coronavirus causes uncertainty about the future, the continuous opening of economies and unwinding of lockdown measures are expanding interest for cruisers because of a change in buyer inclination, as individuals stay away from public transportation and non-industrial nations in the locale favor bikes to different vehicles. By the second quarter of 2022, demand for bikes and riding gear is likely to rise due to the public's preference for personal, safe transportation over shared transportation.
Over the long term, the sales of motorcycles are expected to rise as customers in emerging economies could purchase 300-400 cc bikes at comparatively affordable prices. Furthermore, in developing countries, the entry of iconic bike brands, like Aprilia, Ducati, and Harley Davidson, assisted the market growth.
Additionally, the mounting passion for bike racing among the millennials and the appealing deals from motorcycle manufacturers, offering helmets, gloves, and jackets as complimentary gears, are propelling the riding gear market. Social media has played an important role in increasing the brand awareness of various riding gear companies. Millions of people follow online communities, where online influencers give information about various riding gears. Reasonable bike touring packages provided by numerous travel companies are also a key driving factor.
The technological developments in riding gear, such as helmets integrated with Bluetooth capability that enable an individual to answer phone calls, listen to music, and get driving directions, helped increase the demand for these gears.
Growing awareness about road safety is expected to drive market growth in the Asia-Pacific region. The projected period will see an increase in the purchase of premium motorcycles due to an increase in disposable income. Over the forecast period, this will drive demand for motorcycle protective products. Increased penetration of various advanced products and vendors in countries such as India, China, and Australia is expected to boost the market growth.
Motorcycle Apparel Market Trends
This section covers the major market trends shaping the Riding Gear Market according to our research experts:
Rising Awareness and Adoption of Safety Measures and Increasing Sales of Helmets
The preference of end users and awareness toward enhanced safety and comfort offered by premium helmets are key factors driving the market growth. The increase in sales of motorcycles, especially in Asia-Pacific, is also driving the market. In the developed regions, high-capacity performance bikes form a high percentage of sales, and they are mostly bought by enthusiasts and not daily commuters.
Motorsports has been in existence for a long time, but in the last two decades, the sport has gained popularity and generated interest across the world. In recent times motorcycle racing events have gained humongous popularity among millennials, especially women. As the people's attention is shifting to motorcycle racing, the demand for safety gear has increased significantly.
The helmet manufacturing companies are closely monitoring these trends and demands, based on which the manufacturers formulate their future strategies, such as helmet technology, partnerships, and collaborations.
The U.S. saw 0.53million registrations for motorcycles in 2021, according to the Motorcycle Industry Council. Market players are involved in the creation of new vehicles like scooters and bikes.In addition, they offer custom designs that are tailored to the rider in order to attract more customers and raise market demand overall.In addition, the motorcycle is a desirable product due to its low cost, ease of operation in congested areas, improved fuel efficiency in comparison to automobiles, and improved engines.Market expansion can be largely credited to a rise in demand for more effective and convenient modes of transportation.
Additionally, bikes are more popular among the younger generation.The Motorcycle Industry Council reports that female bike ownership has increased to 14% in 2021. Women are a brand-new source of business for this sector.Consequently, manufacturers are concentrating on developing lighter, smaller bikes.The industry is expanding as a result of all of these factors. Overall motorcycle sales in the United States were 21.8 percent higher in 2021 than in 2019.
Manufacturers are now launching Bluetooth and hands-free options in helmets that improve the connectivity with fellow riders, saving the hassle of reaching out for smartphones for picking up calls or navigating.
Asia-Pacific is Dominating the Market
Asia-Pacific has some of the largest motorcycle manufacturers, such as Bajaj, Hero, Honda, and TVS. These manufacturers export their models globally to markets such as Latin America and Africa. OEMs, such as TVS and Royal Enfield, entered the riding gear market and displayed the gears in the showrooms, enhancing the shopper buying experience.
Motorcycle sales have increased dramatically in recent years, particularly in the sports bike segment in the Asia-Pacific region. This is due to the growing population and people's increased purchasing power. Even a middle-class consumer in emerging markets can afford a 300cc motorcycle. Furthermore, consumer awareness of the importance of safety equipment is assisting the market's growth. These elements are expected to contribute to market growth over the forecast period.
The demand for riding gear in Europe and North America is high because of high motorcycle demand, due to an increase in recreational rides, an upsurge in bike racing events, and increasing traffic congestion. This has augmented the demand for riding gears such as jackets, helmets, shoes, and gloves.
Motorcycle Apparel Industry Overview
The global riding gear market is fragmented due to the presence of numerous regional and small local players. However, AGV, Alpinestars, FLY Racing Jackets, Fox Racing Inc., HKM Sports Equipment GmbH, Joe Rocket Jackets, Rynox Gears, and Spartan Pro Gear dominate the riding gear market. Alpinestars also produces race suits for Formula One World Championship Grand Prix.
In recent years, this industry has seen a number of innovations and collaborations. Recent innovations include airbag jackets and vests, HUD visors, and Bluetooth connectivity. Several start-ups are emerging in developing countries that are dedicated to providing high-quality equipment at reasonable prices. ViaTerra, Motoziel, and BluArmor are a few examples of Indian start-ups.
- November, 2022: 509, a power sports apparel brand, aims to disrupt the market with the introduction of a new product line for street motorcyclists. The "Mach V" helmet is designed for speed and features an aerodynamic shape, a wide field of vision, and a Venturi venting system (patent pending) that keeps the rider's attention on the road in aggressive riding and warmer weather.It additionally includes Fidlock, Spot and ECE 22.06 certificate.
Motorcycle Apparel Market Leaders
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AGV
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Fox Racing Inc.
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Alpinestars SPA
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Klim Technical Riding Gear
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Rynox Gears India Pvt. Ltd.
*Disclaimer: Major Players sorted in no particular order
Motorcycle Apparel Market News
- May, 2022: Royal Enfield collaborated with Italian riding gear brand Alpinestars to create a riding apparel collection with high protection and performance.
- January, 2022: Alpinestars launched next-generation tech-air airbag systems by the name Tech-Air 3, Tech-Air 10, and Tech-Air Off-Road V2 autonomous Airbag Systems. Tech-Air 3 airbag system is an over-jacket airbag system intended for road riders and commuters and is suitable for use in all weather conditions. Tech-Air 10 airbag system offers body protection to road riders, track day riders, and racers by covering the rider's full back, chest, shoulders, and hips. Tech-Air Off-road V2 protects racers on the muddier side of the tracks.
- July, 2021: Fly Racing launched its extremely anticipated 2022 moto gear line. The 2022 gear line is introduced with advanced technology such as revolutionary RHEON Technology, BOA Fit Systems, and durable stretch materials.
Motorcycle Apparel Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size in USD Billion)
5.1 Type
5.1.1 Jackets
5.1.2 Helmets
5.1.3 Gloves
5.1.4 Knee Guards
5.1.5 Shoes
5.1.6 Other Types
5.2 Material Type
5.2.1 Mesh
5.2.2 Leather
5.2.3 Plastic
5.2.4 Carbon Fiber
5.2.5 Other Material Types
5.3 Distribution Channel
5.3.1 Online
5.3.2 Offline
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Rest of North America
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 South Korea
5.4.3.5 Rest of Asia-Pacific
5.4.4 Rest of the World
5.4.4.1 South America
5.4.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles*
6.2.1 AGVSport
6.2.2 Alpinestars SPA
6.2.3 FLY Racing Jackets
6.2.4 Fox Racing Inc.
6.2.5 HKM Sports Equipment GmbH
6.2.6 Joe Rocket Jackets
6.2.7 Klim Technical Riding Gear
6.2.8 Kushitani Hamamatsu
6.2.9 Ride Icon
6.2.10 Royal Enfield Gear
6.2.11 Spartan Pro Gear Co.
6.2.12 Rynox Gears India Pvt. Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Motorcycle Apparel Industry Segmentation
Riding gear can be worn during riding for protection and contains a boot, riding apparel, gloves, and helmet.
The Riding Gear Market has been segmented by Type (Jackets, Helmets, Gloves, Knee Guards, Shoes, and Other Types), Material Type (Mesh, Leather, Plastic, Carbon Fiber, and Other Material Types), Distribution Channel (Offline and Online), and Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers the market sizes and forecasts in value (USD billion) for all the above segments.
| Type | |
| Jackets | |
| Helmets | |
| Gloves | |
| Knee Guards | |
| Shoes | |
| Other Types |
| Material Type | |
| Mesh | |
| Leather | |
| Plastic | |
| Carbon Fiber | |
| Other Material Types |
| Distribution Channel | |
| Online | |
| Offline |
| Geography | |||||||
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Motorcycle Apparel Market Research FAQs
What is the current Riding Gear Market size?
The Riding Gear Market is projected to register a CAGR of 6.84% during the forecast period (2024-2029)
Who are the key players in Riding Gear Market?
AGV, Fox Racing Inc., Alpinestars SPA, Klim Technical Riding Gear and Rynox Gears India Pvt. Ltd. are the major companies operating in the Riding Gear Market.
Which is the fastest growing region in Riding Gear Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Riding Gear Market?
In 2024, the Asia-Pacific accounts for the largest market share in Riding Gear Market.
What years does this Riding Gear Market cover?
The report covers the Riding Gear Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Riding Gear Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
What are the key factors driving the Riding Gear Market?
Key factors driving the Riding Gear Market are a) Increasing motorcycle sales b) Rising awareness about safety c) Evolving fashion trends in riding gear
Motorcycle Apparel Industry Report
The global motorcycle gear market is poised for substantial growth, fueled by increasing safety concerns and a surge in motorcycle enthusiasts. Key segments like helmets, protective clothing, and footwear are expanding, driven by heightened awareness of riding risks. North America and Europe are seeing robust demand due to popular pleasure rides and bike racing events, while the Asia-Pacific region experiences growth from rising incomes and motorcycle sales. Riding gear companies and motorcycle gear brands are innovating with technology such as Bluetooth-integrated helmets and advanced protective materials to boost safety and comfort. Racing gear brands are also gaining popularity, propelled by the expanding motorsports scene. The market is diversifying with offerings like gender-specific and eco-friendly gear, ensuring broad appeal and continued market expansion. For detailed insights, 糖心vlog传媒鈩� provides a comprehensive analysis. Download a free report PDF sample for an in-depth industry overview and revenue growth statistics.
