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.
Sizing and Forecast
The motorcycle racing apparel market size has grown strongly in recent years. It will grow from $1.99 billion in 2023 to $2.12 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to emergence of e-sports, rise of motorsport culture, globalization and market expansion, rider preferences and comfort, fashion and style evolution.
The motorcycle racing apparel market size is expected to see strong growth in the next few years. It will grow to $2.73 billion in 2028 at a compound annual growth rate (CAGR) of 6.6%. The growth in the forecast period can be attributed to innovations in material science, demand for customization, safety regulations and standards, fashion and design trends, economic factors. Major trends in the forecast period include marketing and branding strategies, customization and personalization, safety and protection, aesthetic and design trends, ergonomics and comfort.
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Segmentation & Regional Insights
The motorcycle racing apparel market covered in this report is segmented –
1) By Type: Clothing, Footwear, Protection Gear
2) By Distribution Channel: Non-Store, Store Built
3) By Application: Competitive Race, Recreation
North America was the largest region in the motorcycle racing apparel market in 2023. The regions covered in the motorcycle racing apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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, in December 2022, according to the Ministry of Road Transport and Highways, an India-based government department, in 2021, States/UTs in India reported a total of 153,972 road accident fatalities, surpassing the 2020 figure of 131,714. Therefore, the rising number of accidents will drive the growth of the motorcycle racing apparel market.
Key Industry Players
Major companies operating in the motorcycle racing apparel market report are Yamaha Motor Corporation, Fox Head Inc., Ferrari S.p.A, Dainese SpA, BMW SA, Alpinestars SpA, Scott Sports SA, FLY Racing Jackets, REV’IT!, OMP Racing S.p.A., Troy Lee Designs, Gerbing Heated, Klim Technical Riding Gear, Tucano Urbano, SIDI, Furygan, Vardenchi, Joe Rocket Jackets, ICON Motosports, ThorMX, Blackchrome Sportswear, FirstGear, AGVSport, HKM Sports Equipment GmbH, RST, Kushitani Hamamatsu Ride, Royal Enfield Gear, Spartan Pro Gear Co, Rynox Gears India Pvt Ltd., Helite, ScorpionEXO
The motorcycle racing apparel market report table of contents includes:
1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
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