The global report discussing various moves of the motorcycle apparel market revealed a possibility for the market surpassing a valuation of USD 12303.4 million by 2024 where the CAGR would reach up to 7.11% during the forecast period (2019-2024). Market Research Future (MRFR), in their report, included factors like the stricter government laws to protect riders from danger, increasing demand for comfort while riding, weather changes, pollution, rising disposable income, and others can impact growth. However, the market is also getting riddled with fake products that have the prospect of hampering the proper growth possibilities of the motorcycle apparel market.
The global market for motorcycle apparels is getting significant traction from the strategic moves of several top brands like Safety helmets Zhuhai MFG Co., Ltd., Dunham Sports, Foshan Nanhai Xinyuan Helmets Co., Ltd., Chih Tong Helmet Co., Ltd., Vega Helmet United States, KIDO, Spartana ProGear Co., Lanxi Yema Motorcycle Fittings Co., LTD., HJC Helmets, FOSHAN SCOYCO EXTREME SPORTS PRODUCT CO., LTD, HEHUI-INVESTED GROUP, DragonRider¸Venom Moto This is primarily to increase the comfort level of the rider and establish a brand value. Constant investment in the research and development sector to extend the presence is also boosting the prospects of these companies.
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The global market report on motorcycle apparel has been studied on the basis of a well-defined segmentation to get to the core of the market and understand various dynamics impacting the market. These segments are known for their extensive contributions to developing various insights that could ensure a hike in the market.
By product type, the global motorcycle apparels market report can be segmented into helmets, jackets, gloves, shoes, base layers, pants, and others. The helmet segment is leading the market with a projected valuation of USD 3993.9 million by 2024.
By end use, the report on the motorcycle apparel market can be studied by having it segmented into on-road motorcycle apparel and off-road motorcycle apparel.
By distribution channel, the report on the motorcycle apparel market can be segmented by store-based and non-store-based.
The regional understanding of the motorcycle apparel market reveals various demographic advantages and disadvantages that can affect the proper exploration of growth pockets. As per the report, North America has the upper hand in controlling the global market on the basis of revenues. The region is spending substantially on various research projects to ensure maximum comfort and protection for the riders. Also, people with high disposable income are spending much on such products. In Europe, colder regions are ensuring a higher intake of apparel like gloves and jackets. Both these regions have stricter norms regarding safety owing to which various other products are getting traction.
In the Asia Pacific region, the massive population is a huge drive for the global players and the regional disposable income is getting traction substantially.
In February 2020, Swedish motorcycle company Husqvarna launched a new apparel line named as Functional Apparel Street 2020. The products are stylish and are expected to provide comfort to the rider. Also, this would help the company in increasing its brand recognition.
In February 2020, SportBike Chic announced that they would launch a new magnetic tank purse as a part of their plan of luring in female riders. The sassy design, they expect, would give them a boost in terms of market reach.
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