Motorcycle Apparel Market Insights
According to market research future insights analysis, the global motorcycle-apparel market is expected to register a CAGR of 4.2% from 2020 to 2027 and hold a value of over USD 118.92 billion by 2027.
The primary driver of market expansion is the rising demand for clothing items such as jackets, shoes, helmets, and other accessories. The rising number of traffic collisions is one of the major factors propelling growth in the motorcycle apparel market. Due to the road transportation infrastructure deterioration and the growing number of vehicles using the roads, there are more accidents on the road. There are frequently several injuries and impairments as a result of traffic accidents. People are becoming more inclined to embrace diverse motorbike attire due to their rising knowledge of the effects of traffic accidents. Long-term growth prospects are predicted to be created by introducing new tech applications and ongoing design innovations in motorcycle apparel.
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Regional Analysis
North America dominated the market for motorcycle apparel in 2021. The United States is the primary donor in this region. As people become more aware of the effects of traffic accidents, they are more likely to adopt various motorcycle apparel. Motorcycle riders worldwide use more and more add-on accessories, like visors and helmet displays, to reduce distractions.
Asia Pacific is expected to register lucrative growth in the market for motorcycle apparel. Governments in some Asia-Pacific nations, including China, are concerned about pollution and the growth of tailpipe emissions from conventional vehicles. The significant presence of accessories in the market and a significant increase in consumer spending are anticipated to fuel demand for motorcycle apparel in the region.
Market Segmentation
The global motorcycle-apparel market has been segmented into product type, material, distribution channel and end-user.
Based on product type, the motorcycle apparel market is segmented into shoes, helmets, gloves, knee pads, jackets, pants, base coats and others. The helmet segment accounted for the largest share of the market in 2021. Increased worker safety awareness and statutory limits have been brought about by the increased frequency of brain injuries across various industries, including manufacturing, mining, and construction, which is anticipated to promote industry growth during the forecast period.
Based on material, the motorcycle apparel market is segmented into leather and textile. The textile segment accounted for the largest revenue share in 2021 in the motorcycle-apparel market. Smart textiles, which use optical fibers, metals, and various conductive polymers to interact with the environment, are becoming increasingly popular. These aid in detecting and responding to various physical stimuli, including mechanical, thermal, chemical, and electric sources.
Based on the distribution channel, the motorcycle apparel market is segmented into non-store and store buildings. The non-store segment accounted for the largest revenue share in 2021 in the market for motorcycle apparel. Due to the rising number of motorcycle enthusiasts, numerous small non-store retailers are entering markets like India, China, and Brazil.
Based on end users, the motorcycle apparel market is segmented into off-road and on-road motorbike wear. The off-road motorbike wear segment accounted for the largest revenue share in 2021 in the market for motorcycle apparel. The manufacturers are adding several state-of-the-art accessories to the off-roading segment to improve the riding experience on various terrains, such as hilly areas.
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Key Players
Some of the key market players are motorcycle-apparel-market are Dunham’s Sports, ZhuHai Safety Helmets MFG Co., Ltd, Foshan Nanhai Xinyuan Helmets Co., Ltd., Chih Tong Helmet Co., Ltd, KLIM, KIDO, Vega Helmet USA, Lanxi Yema Motorcycle Fittings Co., LTD., HJC Helmets, Spartan ProGear Co., HEHUI INVESTMENT GROUP, FOSHAN SCOYCO EXTREME SPORTS PRODUCT CO.,LTD., Venom Moto, DragonRider, Dainese S.p.A, Alpinestars., LeMans Corporation., FOX, SCOTT Sports SA., Leatt Corporation, STUDDS Accessories Ltd., The Drive Clothing, TCX S.r.l, Columbia Sportswear Company, New Balance., FILA Luxembourg, S.a.r.l., UMBRO among others.
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