Motocross Gears Market By Product Type(Helmets,Gloves), Size(Small, Medium), End User(Men, Women), Rider Type(Beginners, Professionals), Sales Channel(Wholesalers/Distributors, Hypermarkets/Supermarkets), & Region – Forecast 2021 - 2031
Motocross Gears Market - Analysis, Outlook, Growth, Trends, Forecasts
- September 2021
- 300 pages
- Consumer Product
Motocross Gears Market Snapshot
[300 Pages Report] The gGrowing obsession of riding among generations, especially millennials has had a positive effect on the growth of the motocross gears market across regionsworldwide. The iIncreaseding sales of motorcycles, mostly in developing regions countries and correspondingly, customers increased awarenessrising awareness among riders towards their own safety has have been a crucial factor driving for the motocross gears market growthin the growth of the industry.
With various gears being offered with affordable costsat cost-effective prices,As per Future Market Insights (FMI), the demand for motocross gears is set to expand by 2x, totaling US$ 12,.565.4 MBn by 2031-end. has been a major contributing factor towards market growth. Future Market Insights (FMI) hasThe report also forecasts the market to register a year-on-year growth rate of 5.5% in 2021.
As per the FMI analysis, the motocross gears market size will surpass US$ 6,252.6 Mn in 2021. Over-ankle boots segmentare expected to emerge as top-selling products. Their demand is is set to reflect a positive growth trajectory with an above averageincrease at a CAGR of 13.7% through the assessment periodbetween 2021 and 2031.
Key Points Covered in the Motocross Gears Market Report
- Market estimates and forecast 2016-2031
- Key drivers and restraints impacting market growth
- Segment-wise, country-wise, and region-wise analysis
- Competition mapping and benchmarking
- Brand share and market share analysis
- Key product innovations and regulatory climate
- COVID-19 impact on motocross gears market and how to navigate
- Recommendation on key winning strategies
2021-2031 Motocross Gears Market Outlook in Comparison to Sales Registered in 2016-2020
The eIntegrationxpansion of innovative technology and advancements in raw material processing methods are projected to be primary factors driving growth. FMI has forecast the motocross gears market to rise at 7.5% CAGR between 2021 and 2031 in comparison to the 3.6% CAGR registered during 2016-2020.
Outdoor sports activities such as motocross riding have gained popularity in the last few years, and with it has come a greaterresulting in increasing awareness of about safe riding practices. With The hincreasing passionigh fondness for motorbikes and off-road activities among millennials, the demand for motorcross gears is expected to increase.
Such trends are more prevalent in emerging nations. Promotional activities through social media platforms are resulting in the rapid emergence of new motorcycle markets and subsequently creating opportunities for motocross gears sales.
Players operating in these markets usually import motorcycles and related components. Then they assemble these in local factories, finally creating full motorbikes with accessories such as motocross gears.
Meanwhile, mManufacturers are focusing on product launches to afor a wide range of motocross gear, including such as helmets, boots, and jerseys and jackets. Coupled with this, awareness campaigns and initiatives aimed at supporting safe motocross riding are boosting income in this businessrevenue for players.
As motocross riding has grown in popularityhas acquired immense popularity, so has the demand for diverse riding and protection gear has increased. As a result, demand for motocross boots, helmets, and other protective gear is rapidly increasing.
Furthermore, initiatives conducted by the government, non-governmentaland private organizations to raise awareness about safe motocross racing are projected to improve motocross gears demand in the future.
In recent yearsRecently, the motocross gears market has been considerably impacted by rising demand for advancements in production infrastructure. Furthermore, the sectorthe market is fast recovering rapidly from the negative effectsimpact of the COVID-19 pandemic, and new diverse prospects for companies are emerging.
On the back of these aforementioned factors, the market is poised to expand at a staggering pace, reaching a shipment of 57,326 units through 2031.
Market Research Methodology - Perfected through Years of Diligence
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
How are Increasing Motocross Safety Measures Impacting Market Growth?
Increasing awareness and expenditure on safety and preventative measures for motocross riding and related activities are driving the market. Government and private organizations alike are designing campaigns to promote motor vehicle safety, which are expected to bode well for the market.
For instance, the California Department of Off-Highway Motor Vehicle Recreation has established the ‘Dirt Bike Safety Training' campaign to raise awareness among dirt bikers and motocross riders.
This training also provides suitable suggestions and directions for wearing DOT-approved helmets, gloves, elbow/knee guards, check protectors, over-ankle boots, goggles, and long pants when riding motocross. Such approaches benefit stakeholders in the motocross gears sector eventually leading to boost in volume of sales.
What are the Major Challenges Facing Faced by Motocross Gears Market Players?
Motocross riders are exhibiting high demand for protective gears. However, these gears sometime require costly manufacturing and maintenance operations. Furthermore, selecting the appropriate riding and protective gear to achieve the highest level of comfort and safety while riding might be a difficult process.
For instance, half-helmets or skullcaps provide bare minimum of protection because they only cover the top of the head. Open face helmets or three-quarter helmets provide insufficient protection for the front of the face and eyes. The motocross sports business also faced a setback in 2020 due to the outbreak of the new coronavirus.
As a result, there was a considerable drop in demand for motocross gear sales witnessed substantial decline during the FQ-20. Production processes were also interrupted due to non-operational manufacturing hubs and financial restrictions.
What are the Potential Factors Attracting Motocross Gears Manufacturers in China?
East Asia is predicted to be one of the most lucrative markets during the forecast period, according to Future Market Insights. China is expected to account for over 40.4% of market share in East Asia through 2021.
China, being the world's fastest-growing motocross gears market, is predicted projected to rise significantly. The nNeed for various riding and protective motocross gear, such as jackets, jerseys, boots, and helmets, and others is creating lucrative growth opportunities for motocross gears suppliers in Chinais causing motocross gears suppliers in China to see a surge in sales.
China is predicted to exhibit high demand through 2031 due to anon the back of increase in the number ofincreasing number of motocross training schools, racing championships, and equipment producers. Some of the most popular motocross racing competitions in China are the MXGP of China, Just1 MXGP of China, China Motocross Championship, and China Motocross ShineRay Championship.
Why is the United StatesU.S. Considered a Lucrative Market for Manufacturers of Motocross Gears Manufacturers?
The U.S. is expected to account for over 64.5% of market share in North America through 2021. Oowing to easy access to the latest technologies along with the high penetration of key players in the region, the U.S. market will register high growth over the forecast period.
In 2020, the North American America market had theaccounted for the largest share globally and is likely to retain its dominance during the forecast periodthis is likely to continue throughout the forecast period. Furthermore, rising public interest in motocross riding, as well as advancements in manufacturing hubs, are helping the region's growth.
North America, the world's largest motocross gears market, is led by the United States, which is predicted to continue to lead over the projection periodThe U.S. motocross gears market is expected to vanguard the sales across North America. The country's growth is being fueled by an increase in theincreasing number of motocross riders, as well as advancements in manufacturing hubs.
For instance, Tthe American Motorcyclist Association (AMA) just launched a new motocross racing special training program. The AMA Government Relations Department not only establishes standard regulations and procedures that make racing fairer and safer, but it advocates for motocross riders' rights on a national basis while promoting local racing.
While such training programs play an important role in encouraging young people to participate in motocross racing, they also imply that motocross gears makers in the United StatesU.S. have more room for expansion.
Why is Germany an Important Market for Motocross Gears Manufacturers?
In the world's second-largest motocross gears market, Germany is now in the leadGermany is identified as the second-largest market for motocross gears. Europe, as a result of a With growing interest in motocross racing among men, women, and children, Europe’s market is expected to register high growth.
Another driving force in thefactor driving the German Germany’s motocross gears market is the increasing acceptance of riding and protective gear.
As per the report titled "The Motorcycling Community in Europe," published by the European Commission (EC) on April 30, 2015, the percentage of female motorcycle riders in Germany is 15%, significantly higher than in other European nations, and is anticipated to continue to grow.
This also means that theThis establishes that number of female motocross racers is on the rise. Another element driving motocross gears sales in the country is theFurther, increase in the number of motocross racing tournaments is another factor spurring the sales of motocross gears in the country.
Some of the most popular motocross racing tournaments in Germany are the MXGP of Germany, the FIM Motocross World Championship, The European Motocross Championship, and the ADAC MX Masters (German National MX Championship). This situation is increasing the demand for motocross equipment in the country.
Will Japan Remain an Appealing Regiona Lucrative Market in the Motocross Gears Industry?
Japan is a focus forexpected to be a hotspot for motocross gears makersmanufacturers, due to its well-developed manufacturing centers and advanced motocross sector. In Japan, sales are being fueled by a growing knowledge awareness of for racing safety regulations and a growing demand for riding and protective motocross gear.
According to a survey issued by the National Centre for Biotechnology Information (NCBI) in Japan, motocross racing accounts for over half of all racing-related injuries. Furthermore, many motocross racing competitions, such as the All Japan Motocross Championship (JMX) and others, take place in Japan each year.
Various firms have also launched motocross track locators in Japan in order to track motocross racing activity in the country more efficiently. The demand for motocross gears in Japan is increasing as a result of these activitiesexpected to rise at an impressive rate of 11.9% CAGR during the forecast period.
Why is the Demand for Motocross Gears on the RiseWhich Product Type will Dominate the Market?
Protectors account for a significant share in the market. However, helmets hold the lead, accounting for 49.3% of the market in 2020. Helmets, jackets, and riding pants, for example, are basic prerequisites for pleasant riding and so top the market in terms of producthence, are leading the segment.
Riding motocross gears is expected to maintain its domination dominance over the projected period, as demand from professionals, trainers, and other riderss continues to rise.
Protective gear, such as armored check protectors, elbow/knee guards, kidney belts, and braces is another major component in this category that is rapidly gaining popularity.
Why is Demand for Motocross Gears Higher among Men?
Despite the fact that motocross racing is popular among both men and women, the number of male riders outnumbers female riders. Men's increased demand for motocross gear, followed by women's, is expected to significantly alter the market outlook in the future years.
As of 2016, over 90% of motorbike trips and distance travelled were done by men, according to a report published by the Government of the United Kingdom titled "Motorcycle Use in England." This also reveals the percentage of girls who are interested in motocross racing. Motocross gears makers are projected to benefit greatly as demand continues to increase among both the demographicas this rate continues to climb in the coming years.
Which Sales Channel will Generate High Revenue for Motocross Gears Markets are the Most Significant in the Current Market?
Specialty stores currently dominate the global motocross gears sector, and their dominance is expected to continue during the projected period. Specialty stores offer a number of benefits, including higher profitability, penetration into secondary and tertiary sectors, and improved valuations.
Other key segments in this category that are anticipated to fuel the sales of manufacturers are multi-brand stores and online channels. Online sales channel being the most prominent sales channel is set to register a higher growth during the forecast period.
The cConvenience offered by online platforms is likely to add impetus to the market’s growth, reflecting a CAGR of 9.9% in 2021.
The onset of COVID-19 lockdowns have further promoted the use of e-commerce websites due to the closure of retail stores during the global shutdown. Players in the market have taken this opportunity toare relying on online platforms and digital media to strengthen their presence through online channels amidst the pandemic.
With the competition getting rough, key players in the global motocross gears market are diversifying their products in order to target a broader range of potential consumers.
- FLY Racing Jackets launched its new range of products - New Formula CC with Adaptive Impact System (AIS), LITE Performance Gear with BOA System, and others, in 2021.
- Aero Stitch launched its new extensive range of products - AeroStitch Helmet & Suit Holder, AeroStitch FixnZip, and others, a couple of years back.
Scope of Report
Historical Data Available for
USD Million for Value
Key Regions Covered
North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa
Key Countries Covered
US, Canada, Brazil, Mexico, Argentina, Germany, U.K., France, Italy, Spain, Russia, Benelux, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, and South Africa
Key Segments Covered
Product Type, Size, End User, Rider Type, Sales Channel and Region
Key Companies Profiled
Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives
Customization & Pricing
Available upon Request
Market by Category
By Product Type:
- Check Protectors
- Elbow/knee Guards
- Kidney Belts
- Over-ankle Boots
- Jerseys & Jackets
By End User:
By Rider Type:
By Sales Channel:
- Exclusive/Specialty Stores
- Multi-Brand Stores
- Independent Sports Outlets
- Online Retailers