Motorbike Riding Gear Market Size, Share, Growth, Trends and Industry Analysis Report

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.

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.
  
  

Access full research report on global motorbike riding gear market: 
www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market

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Created on Nov 21st 2019 14:42. Viewed 322 times.

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