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The Riding Gear Market has been segmented by Type (Jackets, Helmets, Gloves, Other Types (Shoes, etc.)), and by Geography.
Fastest Growing Market:
The riding gear market is anticipated to register a CAGR of about 8.59% during the forecast period (2019 – 2024).
The riding gear market has been segmented into type and geography.
|Other Types (Shoes, etc.)|
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Motorcycle accidents have always been preventable. However, the injuries are often the direct results of riders not wearing the necessary protective gears, which makes them susceptible to physical bruises and injuries. Injuries like that of skin abrasions and lacerations from not wearing protective motorcycle clothing, hand and finger damage from not wearing gloves, and broken ankles from not wearing motorcycle boots, have all been commonly associated with two-wheeler driving.
Use of helmet while riding a bike has become a mandatory rule in most of the countries and consumers have strictly started following the rules to avoid high penalties/fines levied by the government, as well as to protect them from severe injuries during accidents. For instance, the adoption rate of helmets increased in India, due to the imposition of heavy fines for violating the mandatory regulation (of wearing helmets by both the driver and pillion) by the transport department. Apart from helmets, riding gloves have also evolved as the second-most important gear, due to improved product design that is equipped with knuckle protectors and reinforced material. Availability of these gloves, which are cost-effective has propelled the end users to opt for the same.
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The riding gear market is dominated by the Asia-Pacific region, followed by North America and Europe. The Asia-Pacific market is led by China, India, and ASEAN countries. The demand for the helmet in India is growing rapidly, due to the stringent safety regulations. For instance,
The demand for riding gear in North America and Europe is high because of high motorcycles demand, owing to a rise in recreational rides, increase in bike racing events, and growing traffic congestion. This, in turn, has increased the demand for riding gear such as helmets, gloves, jackets, and shoes.
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The riding gear market is fragmented due to the presence of a large number of both regional and small local players, across the world. However, the riding gear market is majorly dominated by AGV, Alpine stars, FLY Racing Jackets, Fox Racing Inc., HKM Sports Equipments GmbH, Joe Rocket Jackets, Rynox Gears, Spartan Pro Gear amongst others.
The companies are expanding their global presence and launching new products so that they can reach to a large number of customers and improve their competitive position in the market. For instance;
1.1 Study Deliverables
1.2 Study Assumptions
1.3 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
5.1 By Type
5.1.4 Other Types (Shoes, etc.)
5.2.1 North America
18.104.22.168 United States
22.214.171.124 Rest of North America
126.96.36.199 United Kingdom
188.8.131.52 Rest of Europe
184.108.40.206 Rest of Asia-Pacific
5.2.4 Rest of the World
220.127.116.11 South America
18.104.22.168 Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share**
6.2 Company Profiles
6.2.2 Alpine Stars
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
6.2.10 Ride Icon
6.2.11 Royal Enfield Gear
6.2.12 Spartan Pro Gear
6.2.13 Rynox Gears
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability