DUBLIN, April 6, 2023 /PRNewswire/ — The “Motorcycle Racing Apparel Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the market.
The global motorcycle racing apparel market grew from $1.86 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The motorcycle racing apparel market is expected to grow to $2.46 billion in 2027 at a CAGR of 4.8%.
Major players in the motorcycle racing apparel market are Alpinestars SpA, Dainese SpA, Fox Head Inc., Scott Sports SA, ThorMX, FirstGear, Gerbing Heated, ICON Motosports, Klim, REV’IT!, SIDI, RST, Furygan, Vardenchi and Tucano Urbano.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
- Assess the Russia – Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
The motorcycle racing apparel market consists of sales of helmets, jackets, suits, boots, and gloves. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Motorcycle racing apparel refers to a specialized type of clothing and equipment that is mainly used by people who are riding motorcycles to get comfort and safety against serious injury. It provides abrasion resistance and reinforcing armor at crucial contact points. It includes a protective shield, pants, jackets, boots, gloves, helmets, airbags, goggles, and accessories to safeguard riders on extended rides with a few ridings gear support.
North America was the largest region in the motorcycle racing apparel market in 2022. The regions covered in the motorcycle racing apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of motorcycle racing apparel are clothing, footwear and protection gear. The clothing for motorcycle racing refers to clothing such as T-shirts, pants, and jackets worn by motorcycle riders during the race. This clothing protects the rider in the event of a crash, deflects sun, rain, or debris, keeps the rider warm, cool, or hydrated, increases visibility, expresses the rider’s style or social identity, and stows baggage. Motorcycle racing apparel are mostly used in competitive race and recreation.
The increasing number of accidents is driving the growth of the motorcycle racing apparel market. The number of accidents is increasing mainly due to speeding/reckless driving followed by other reasons such as the absence of safe procedures, open violation of the traffic rules by the drivers, poor road lighting increasing encroachment, and others.
Motorcycles are more prone to accidents as motorcyclists and their passengers are more exposed to weather and road risks than drivers in enclosed automobiles. This rise in the number of accidents will create a huge demand for motorcycle racing apparel and gears that act as a protective shield to ensure the safety of riders and provide comfort during the ride.
For instance, according to a fact sheet published in September 2021 by the US National Highway Traffic Safety Administration (NHTSA), in the USA, in 2019, around 84,000 motorcycle riders were injured, a 2% increase from the 82,000 motorcycle riders injured in 2018. 5,014 motorcycle riders were killed in 2019, representing 14% of traffic fatalities.
Furthermore, according to the Ministry of Road Transport and Highways of India, in 2020, India reported 158,964 motorcycle road accidents. The fatalities due to motorcycle road accidents increased from 56,136 in 2019 to 56,873 in 2020. Therefore, the rising number of accidents will drive the growth of the motorcycle racing apparel market.
The increasing number of accidents is expected to drive the growth of the motorcycle racing apparel market. The number of accidents is increasing mainly due to speeding/reckless driving followed by other reasons such as the absence of safe procedures, open violation of the traffic rules by the drivers, poor road lighting increasing encroachment, and others.
Motorcycles are more prone to accidents as motorcyclists and their passengers are more exposed to weather and road risks than drivers in enclosed automobiles. This rise in the number of accidents will create a huge demand for motorcycle racing apparel and gears that act as a protective shield to ensure the safety of riders and provide comfort during the ride.
For instance, according to a fact sheet published in September 2021 by the US National Highway Traffic Safety Administration (NHTSA), in the USA, in 2019, around 84,000 motorcycle riders were injured, a 2% increase from the 82,000 motorcycle riders injured in 2018. 5,014 motorcycle riders were killed in 2019, representing 14% of traffic fatalities.
Furthermore, according to the Ministry of Road Transport and Highways of India, in 2020, India reported 158,964 motorcycle road accidents. The fatalities due to motorcycle road accidents increased from 56,136 in 2019 to 56,873 in 2020. Therefore, the rising number of accidents will drive the growth of the motorcycle racing apparel market.
The countries covered in the motorcycle racing apparel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
Key Topics Covered:
1. Executive Summary
2. Motorcycle Racing Apparel Market Characteristics
3. Motorcycle Racing Apparel Market Trends And Strategies
4. Motorcycle Racing Apparel Forwarding Market – Macro Economic Scenario
4.1 COVID-19 Impact On Motorcycle Racing Apparel Forwarding Market
4.2 Ukraine-Russia War Impact On Motorcycle Racing Apparel Forwarding Market
4.3 Impact Of High Inflation On Motorcycle Racing Apparel Forwarding Market
5. Motorcycle Racing Apparel Market Size And Growth
5.1. Global Motorcycle Racing Apparel Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Motorcycle Racing Apparel Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market
6. Motorcycle Racing Apparel Market Segmentation
6.1. Global Motorcycle Racing Apparel Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Clothing
- Footwear
- Protection Gear
6.2. Global Motorcycle Racing Apparel Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Non-Store
- Store Built
6.3. Global Motorcycle Racing Apparel Market, Segmentation By Application, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
- Competitive Race
- Recreation
7. Motorcycle Racing Apparel Market Regional And Country Analysis
7.1. Global Motorcycle Racing Apparel Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Motorcycle Racing Apparel Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
For more information about this report visit https://www.researchandmarkets.com/r/rrzixc
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Logo: http://mma.prnewswire.com/media/539438/Research_and_Markets_Logo.jpg
SOURCE Research and Markets
