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.
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.
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.
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https://www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market
https://www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market
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.
Grand View Research has segmented the
global motorbike riding gear market on the basis of product, distribution
channel, and region:
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
Motorbike Riding Gear Regional Outlook (Revenue, USD Million,
2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
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.
