Motorcycle Apparel Market Report Overview
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The global motorcycle apparel market size was USD 10.069 billion in 2021 and the market is expected to reach USD 23.63 billion by 2030, with a growing compound annual growth rate (CAGR) of 6.9% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with motorcycle apparel market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.
Motorcycle apparel is defensive hardware or piece of clothing intended to forestall lethal wounds while riding a bike. Motorcycle apparel protects the rider against each sort of mishap that might happen. It guarantees security and security, as well as a prevalent ride insight. It is utilized to safeguard the rider from severe weather conditions like snow, downpour, wind, or cold. The ascent in the recurrence of street mishaps, thoughtless motorcycle riding, and careless road bicycle dashing, all of which bring about street mishaps, has expanded the interest for motorcycle gear. It comprises of gloves, a protective cap, an elbow watch, a knee monitor, and a spine watch. Protective caps are utilized by riders to save them from wounds. As per the Public Establishment of Neurological Problems, more than 1,000,000 individuals in the U.S. experience the ill effects of mind wounds consistently. The greater part of which are the result of engine vehicle mishaps. Thus, bringing issues to light about head injury supports the interest for defensive stuff all through the anticipated period
The motorcycles apparel industry is supposed to fill essentially in created countries between 2020-2024 because of the rising interest for stuff like shoes, coats, and head protectors. Request is driving the market upwards at a fast speed. Furthermore, the rising reception of new mechanical applications will produce much more possibilities for the motorcycle clothing industry in the forecast year.
COVID-19 Impact: Assembling Activities were Suspended Amidst Lockdown Hampering the Market Development
Coronavirus altogether affected the motorcycle apparel market. Numerous OEMs fabricated offices in China, which was the focal point of the Coronavirus episode. The assembling of motorcycles, extras, and riding gear were suspended because of worldwide government lockdown guidelines. As there was no versatility, the utilization of motorcycles and it was basically non-existent to motorcycle apparel. Following the Coronavirus pandemic, the market for bicycles, and in this manner riding gear, is supposed to develop with the public's inclination for private and safe transportation over shared transportation choices as the business recuperates from the pandemic's misfortunes.
Latest Trends
"Developing mindfulness about the significance of security gear among shoppers is assisting the market with developing."
These days, security gear accompanies a ton of elements. One such component is the Bluetooth network through cap which empowers you to hear music and settle on decisions. Likewise, rigid guideline with respect to the utilization of wellbeing gear by the public authority is supporting the business' development. Numerous legislatures and individuals have made huge interests in the business to make an occupation in the transportation area. Thus, the rising populace and expanding fatalities in numerous metropolitan regions will be the essential driving element in motorcycle market extension. Non-industrial nations, especially in the Center East and Africa, are vigorously putting resources into motorcycles.
Motorcycle Apparel Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into Jacket, Pants, Shoes, Helmets, Glove, Protector, Base Layers, Merchandising (T-Shirt, Cap, Watches). Jacket being the leading segment of the market by type analysis.
- By Application Analysis
Based on application, the market can be divided into Road Motorcycle Apparel, Off-road Motorcycle Apparel. Road Motorcycle Apparel being the leading segment of the market by application analysis.
Driving Factors
"Improving Living Standards of People to Drive the Market Growth"
Expanding discretionary cashflow of the metropolitan individuals, combined with a craving to travel and carry on with a satisfied life, has prompted an expansion in spending on motorcycle defensive stuff. These days, bike riding cog wheels, for example, head protector, gloves, coats, knee and elbow monitor, spine gatekeeper, gasp, and footwear are utilized for defensive purposes while riding a bicycle. Additionally, these defensive pinion wheels are thicker than traditional dress with waterproof terminations and pockets, zips, higher collars, and are even fitted out with protection. Because of the developing interest for premium motorcycle, market players are offering creative and sharp items, give productive security, and are generally costlier than conventional defensive apparel.
"Interest For Premium Motorcycle to Drive the Market Development"
Interest for imaginative items that offer proficient use and security highlights is developing among the shoppers attributable to which players working in the worldwide defensive motorcycle apparel market bring expanded their spending on Research and development to the table for creative items with added wellbeing highlights. Because of the rising number of twofold pay families, interest for premium motorcycle is developing across the world, which prompted an expansion in the spending on defensive riding gears.
Restraining Factors
"The Rising Cost of Motorcycles and Security Gear Is Supposed to Hamper the Business Development."
An enormous piece of the market is as yet undiscovered as shoppers from lower-working class families can't manage the cost of these as the costs are expanding dramatically. An enormous part of the market is as yet undiscovered as buyers from lower-working class families can't manage the cost of these as the costs are expanding dramatically.
Motorcycle Apparel Market Regional Insights
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"Biggest Motorcycle Apparel in the U.S. to Rise the Market Development in North America"
The U.S. drives the world's biggest motorcycle apparel business, North America, and is anticipated to keep on doing as such during the projection time frame. The developing number of bike riders, joined with improvements in assembling center points, is energizing the nation's thriving. The AMA just sent off another motorcycle preparing program. The AMA not just lays out standard guidelines and techniques that make hustling more pleasant and more secure, however the AMA Government Relations Office likewise works for bike riders' privileges on a public scale while advancing nearby dashing. The preparation programs affect convincing youngsters to join in motocross dashing exercises. The motocross gear producers in the U.S. likewise have a more noteworthy chance for extension.
The Asia-Pacific district has the greatest motorcycle market. Nonetheless, incomes have slowed down in huge nations like India, China, and Bangladesh. China is the center of Asia-Pacific's quickest developing motocross gear industry and is anticipated to create productive possibilities for significant market members. The flood popular for various riding and defensive motocross gear, like caps, shirts, coats, and boots, to make reference to a couple, is invigorating the deals of Chinese motorcycle apparel suppliers. The expanded number of motorcycles preparing schools, dashing titles, and apparel makers is anticipated to make China entirely beneficial until 2031. Motorcycle deals in Bangladesh have quadrupled beginning around 2016, with ventures by Indian OEMs and good unofficial laws, and have outperformed 600,000 units by 2019.
Key Industry Players
"Key Players Focus on Partnerships to Gain a Competitive Advantage "
Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.
List of Market Players Profiled
- Yamaha (Japan)
- Held (Czech Republic)
- Icon Raiden (U.S.)
- Kido (South Korea)
- HJC (South Korea)
- Sidi (Italy)
- Alpinestars (Italy)
- Triumph (U.K.)
- Fox Racing (U.S.)
- Thor (U.S.)
- Spidi (U.S.)
- Klim (U.S.)
- Scott (U.K.)
- REV'IT! (Netherlands)
- BMW Motorrad (Germany)
- Furygan (France)
- Ducati (Italy)
- Dainese (Italy)
Report Coverage
This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.
REPORT COVERAGE | DETAILS |
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Market Size Value In |
US$ 10.069 Billion in 2021 |
Market Size Value By |
US$ 23.63 Billion by 2030 |
Growth Rate |
CAGR of 6.9% from 2021 to 2030 |
Forecast Period |
2022-2030 |
Base Year |
2022 |
Historical Data Available |
Yes |
Segments Covered |
Types & Application |
Regional Scope |
Global |
Frequently Asked Questions
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What value is the global motorcycle apparel market expected to touch by 2027?
The global motorcycle apparel market is expected to touch USD 15.023 billion by 2027.
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What CAGR is the motorcycle apparel market expected to exhibit during 2021-2027?
The motorcycle apparel market is expected to exhibit a CAGR of 6.9% over 2021-2027.
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Which are the driving factors of the motorcycle apparel market?
Improving living standards of people and interest for premium motorcycle are the driving factors of the motorcycle apparel market.
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Which are the top companies operating in the motorcycle apparel market?
Yamaha, Held, Icon Raiden, Kido and HJC are the top companies operating in the motorcycle apparel market.