How much will the Motorbike Riding Gear industry be worth in the Future????



The global motorbike riding gear market size is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The global market is expected to witness significant growth due to increasing number of motorcycle as well as premium motorcycle riding enthusiasts.
The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Protective gear held more than 60.0% share of global revenue in 2018. It includes helmet, gloves, knee guard, elbow guard, and spine guard. Among these, helmet are widely used owing to growing awareness related to head injury among the riders. According to the National Institute of Neurological Disorders, each year, more than a million people suffer from traumatic brain injuries in U.S. Out of these, more than half of the cases are a result of motor vehicle accidents. Thus, growing awareness related to head injuries is driving the demand for protective gear over the forecast period.
The offline segment dominated the market in 2018 and is expected to maintain its lead throughout the forecast period. Growing product visibility in developing countries such as India, China, and Brazil, coupled with increasing number of retail outlets in developed countries, is expected to provide growth opportunity over the forecast period. However, sale through online channel is expected to witness the fastest growth over the forecast period. Increasing penetration of smartphones and internet in various countries is expected to fuel sale through online channel.
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Asia Pacific was the largest market in 2018 owing to growing product visibility and product penetration in countries such as India, China, and Singapore. Increasing disposable income of the urban people, coupled with desire to travel and live a fulfilled life, has led to an increase in spending on motorcycle protective gear. This is expected to fuel the demand for protective motorcycling riding gear from 2019 to 2025.
Further key findings from the study suggest:
·         By product, clothing is expected to expand at a CAGR of 6.7% from 2019 to 2025 owing to growing penetration of premium motorcycle in developing countries
·         The online segment is expected to reach USD 1.5 billion by 2025 and is expected to witness the fastest growth over the forecast period
·         Asia Pacific motorbike riding gear market is expected to expand at a CAGR of 6.9% over the forecast period
·         Vendors are focusing on R&D to launch innovative products and expand their product line and offerings in protective motorbike riding gear market.
The global motorbike riding gear market size was valued at USD 11.2 billion in 2018. Increasing number of motorbike riding enthusiasts, coupled with increasing awareness related to road safety in various countries across the world, is likely to drive the market from 2019 to 2025.
Increasing disposable income of the urban people, coupled with desire to travel and live a fulfilled life, has led to an increase in spending on motorcycle protective gear. Nowadays, motorbike riding gears such as helmet, gloves, jackets, knee and elbow guard, spine guard, pant, and footwear are used for protective purpose while riding bike. Moreover, these protective gears are thicker than conventional clothing with waterproof closures and pockets, zips, higher collars, and are even fitted out with armor.
Demand for innovative products that offer efficient use and safety feature is growing among the consumers owing to which players operating in the global protective motorbike riding gear market have increased their spending on R&D to offer innovative products with added safety features. Due to increasing number of double income families, demand for premium motorcycle is growing across the world, which led to an increase in the spending on protective riding gears.
As a result of growing demand for premium motorcycle, market players are offering innovative products that are stylish, provide efficient safety, and are relative costlier than traditional protective clothing. Furthermore, product innovation, coupled with product line extension leading to premiumization, is expected to fuel the demand for motorbike riding gear over the forecast period.
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Protective gear dominated the motorcycle gear market in 2018 and is expected to maintain its lead throughout the forecast period. Protective gear such as helmet, gloves, knee cap, elbow guard, and spine guard play an important role in improving road safety. Moreover, these protective gears protect riders from serious injuries.
Protective gear manufacturers are using advanced materials such as fiberglass reinforced plastic and carbon fiber in order to make lightweight product. In addition to this, vendors are integrating advanced communication tools in protective gears such as helmets, which is likely to increase consumption of these products.
The clothing segment is expected to witness the highest growth from 2019 to 2025. Protective clothing are thicker and heavier than conventional clothing, which are waterproof and equipment with safety armors. Increasing awareness related to road safety and growing demand for premium bikes are the main factors driving the segment over the forecast period.
Grand View Research has segmented the global motorbike riding gear market on the basis of product, distribution channel:
Motorbike Riding Gear Product Outlook (Revenue, USD Million, 2015 - 2025)
·         Protective Gear
·         Clothing
·         Footwear
Motorbike Riding Gear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Offline
·         Online
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.


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