“Riding Protective Gear Market By Type (Helmets, Jackets, Knee Pads, Gloves, Shoes, and Others), By Application (Motorcycle, Scooter, Step-Through, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2017—2024″ is a new study from Zion Market Research. The global riding protective gear market was worth about USD 10,047 million in 2017 and is predicted to reach around USD 13,938 million by 2024, with a CAGR of roughly 5.2 percent between 2018 and 2024, according to the analysis.
Motorcycle riders typically use riding protective gear when riding sports bikes and love extended bike rides. Various riding safety gears can be utilised depending on the type of ride. While riding a motorbike, each sort of protective gear protects the rider’s safety and protection. According to the United States Department of Transportation, there were over 6.3 million fatal, injury, and property damage crashes in the United States alone in 2015. Several of these incidents have occurred around the world, resulting in a significant demand for riding protective gear.
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On “Global Riding Protective Gear Market: By Type, Size, Share, Trends, Growth, Application, Analysis, and Forecast 2017—2024”, there are 105 tables and 41 figures spread through 110 pages with an in-depth TOC.
The rising popularity of bike riding and heightened awareness of personal safety are expected to be the primary drivers of the worldwide riding protective gear market in the future. Another factor that is expected to influence the worldwide riding protective gear market over the forecast period is the rise in traffic fatalities. Over the projected period, the expanding number of racing tournaments, including as Formula 1, the Super GT championship, and others, is expected to fuel the riding protective gear market. Rapidly rising economies have increased disposable income, and individuals in emerging economies have a higher standard of life, which has boosted motorbike sales. As a result, the riding protective gear market is predicted to grow in the future.
Helmets, jackets, knee pads, gloves, shoes, and others make up the global riding protective gear market by type. Helmets are expected to dominate the global market in the next years, thanks to strict legislation requiring helmet use around the world. The riding protective gear market is divided into motorcycle, scooter, step-through, and other applications. Motorbike sales are expected to increase significantly throughout the forecasted period, mainly to the growing popularity of motorcycle riding among women, particularly in urban areas.
Europe is another important location where the riding protective gear market is expected to grow significantly in the future. This can be ascribed to the region’s growing demand for two-wheelers. The major motorbike markets in Europe are Italy, France, and Germany. In 2017, 913,723 motorbikes were registered in Europe, with mopeds and electric motorcycles seeing increased registrations. Due to the cost-effectiveness and convenience of two-wheelers for personal transportation, this segment dominates the European motorcycle market. As a result, the European riding protective gear market is expected to grow in the future. Furthermore, major marketing tactics are being implemented, international companies are expanding their investments, and research and development activities are increasing in the protective gear sector, which is expected to boost the region’s riding protective gear market.
This report segments the global riding protective gear market into:
Global Riding Protective Gear Market: Type Analysis
● Knee Pads
Global Riding Protective Gear Market: Application Analysis
Over the forecast period, the Asia Pacific riding protective gear market is expected to grow significantly. This can be ascribed to improving rural infrastructure, rising per capita income, and an increase in the number of racing events. Over the forecast period, the riding protective gear market is expected to be driven by changing economies, increased road and infrastructure development, an increase in the number of working women, and strict government regulations. The use of scooters for local transportation has grown in emerging nations such as India and China as infrastructure in rural and semi-urban areas has improved. Other factors projected to drive the region’s riding protective gear market include the growing number of automobile racing events, such as Formula 1 and the Super GT championship, the availability of racing tracks in the region, and technical improvements. India is also the world’s largest two-wheeler market, with increased demand for premium motorbikes, gearless scooters, and powerful sports bikes. This is expected to have a favourable impact on the riding protective gear market over the forecast period.
The following are some of the major participants in the worldwide riding protective gear market: PT Tarakusuma Indah, Jiujiang Jiadeshi, NZI, LAZER, Pengcheng Helmets, Safety Helmets MFG, Alpine Star, Zhejiang Jixiang, Hehui Group, and Yema, among others.
The riding protective gear market is expected to grow slowly in the Latin American, Middle Eastern, and African areas in the future. Due to decreased consumer spending and a humid and hot environment that discourages motorcyclists from wearing helmets, these markets are the slowest growing. Furthermore, the low rising income of the regional population has a negative impact on the expansion of the riding protective gear industry.
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