Global Riding Gear Market Overview, 2024-29

Market Dynamic

Market Drivers

• Increasing Female Participation : A significant driver for the riding gear market is the rising participation of women in motorcycling and other adventure sports. As more women embrace these activities, there's a growing demand for riding gear specifically tailored to their needs in terms of fit, style, and functionality. Manufacturers catering to this segment stand to benefit from the expanding market opportunity and the potential to diversify their product offerings.

• Growing Popularity of Electric Vehicles : the increasing popularity of electric motorcycles and bicycles is driving demand for specialized riding gear optimized for these vehicles. Electric vehicles often have different performance characteristics and operating requirements compared to traditional combustion-engine counterparts, necessitating gear tailored to their unique specifications. Manufacturers that innovate to address the distinct needs of electric vehicle riders can capitalize on this emerging market trend and gain a competitive edge.

Market Challenges

• Counterfeit Products : The proliferation of counterfeit riding gear poses a significant challenge to manufacturers and consumers alike. Counterfeit products not only undermine the reputation and profitability of legitimate brands but also compromise rider safety due to inferior quality and lack of adherence to safety standards. Addressing this challenge requires concerted efforts from industry stakeholders, including increased enforcement of intellectual property rights and consumer education initiatives to raise awareness about the risks associated with counterfeit gear.

• Regulatory Fragmentation : the riding gear market is subject to a complex regulatory landscape characterized by varying safety standards and certification requirements across different regions and jurisdictions. Regulatory fragmentation can create compliance challenges for manufacturers operating in multiple markets, leading to increased costs and administrative burden. Harmonizing safety standards and streamlining certification processes on a global scale could help alleviate these challenges and facilitate market access for manufacturers while ensuring consistent safety standards for riders worldwide.


Market Trends

• Customization and Personalization : A growing trend in the riding gear market is the demand for customized and personalized products that cater to individual preferences and riding styles. Consumers increasingly seek gear that not only provides superior safety and performance but also reflects their unique personality and aesthetic preferences. Manufacturers offering customizable options, such as colour choices, graphics, and fit adjustments, can capitalize on this trend by providing tailored solutions that resonate with diverse consumer demographics.

•  Integration of Advanced Technologies : another significant trend is the integration of advanced technologies into riding gear to enhance safety, comfort, and convenience for riders. From smart helmets with built-in communication systems and heads-up displays to wearable sensors that monitor vital signs and riding behaviour, technological innovations are reshaping the landscape of riding gear. Manufacturers investing in research and development to incorporate cutting-edge technologies into their products can differentiate themselves in the market and appeal to tech-savvy consumers seeking innovative solutions for their riding needs.

Key Development

In June 2022, Gianni Falco unveiled the Starboy 3, a new pair of riding sneakers. It has a conventional lace-up fastening and is lightweight.
In May 2022, Furygan introduced a brand-new pair of riding gloves for its spring and summer collections, dubbed The Volt. More riding comfort is anticipated with these.
In September 2022, Fox Racing, a market leader in protective gear for motocross and mountain bikes, announced its expansion into performance training.
In May 2021, Klim's new off-road clothing was made available. It includes brand-new XC Lite and Dakar series hues as well as updated Mojave gear.
In February 2021, the Indian riding gear company, Rynox Gears, raised $1.6 million in a pre-Series A funding round. The funding was led by Pravega Ventures and also included participation from existing investors, including Sequoia Capital India's Surge.
July, 2021: Fly Racing launched its extremely anticipated 2022 moto gear line. The 2022 gear line is introduced with advanced technology such as revolutionary RHEON Technology, BOA Fit Systems, and durable stretch materials.