Motorcycle Apparel Market Insights
The Global Motorcycle Apparel Market is estimated to be valued at USD 12,303.4 Million by 2024 and is expected to register a CAGR of 7.11% during the forecast period. Motorcycle apparel is specialized clothing, equipment, and safety gear worn by riders for self-protection. It is designed to serve multiple purposes such as provide protection during crashes and from every kind of weather and storage space for holding smartphones, GPS navigation devices, and other wearables while riding. Stringent safety standards by the governments in various countries are driving the growth of the market.
Moreover, continuous product innovations with enhanced appearance and protection are boosting the growth of the market globally. Various educational and promotional activities emphasizing the use of motorcycle apparel are also expected to have a positive impact on the growth of the market.
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Key Players
Some of the key players in the global motorcycle apparel market are
- KLIM Industries Inc. (US)
- KIDO Sports Co. LTD (KIDO Sports) (South Korea)
- HJC Inc. (South Korea)
- Foshan Nanhai Xinyuan Helmets Co. Ltd. (China)
- Lanxi Yema Motorcycle Fittings Co. LTD. (China)
- Dunham’s Athleisure Corporation (US)
- Chih Tong Helmet Co. Ltd. (Zhitong Enterprise) (China)
- Hanil Co. Ltd. (South Korea)
- Soaring Helmet Corporation (Vega Helmets) (US)
- Zhuhai Safety Helmets MFG Co. Ltd. (China)
Key Findings of the Study:
- The Global Motorcycle Apparel Market is projected to reach USD 12,303.4 million by 2024 at a 11% CAGR during the review period of 2019 to 2024.
- North America accounted for the largest market share in 2018, with the US being the major contributor to the growth of the regional market.
- The helmets segment is projected to dominate the global motorcycle apparel market, by product type, during the forecast
Segmentation
The global motorcycle apparel market has also been segmented by product type, end use, and distribution channel.
By product type, the global motorcycle apparel market has been classified as helmets, jackets, gloves, shoes, pants, base layers, and others. The helmets segment accounted for the largest market share in 2018. However, the gloves segment is projected to be the fastest growing during the forecast period.
Based on end use, the global motorcycle apparel market has been divided into on-road motorcycle apparel and off-road motorcycle apparel. The on-road motorcycle apparel segment accounted for the larger market share in 2018 and is projected to register the higher CAGR during the forecast period.
Based on distribution channel, the global motorcycle apparel market has been segmented into store-based and non-store-based segment. The store-based segment accounted for the larger share of the market in 2018. However, the non-store-based segment is projected to exhibit the higher CAGR during the forecast period.
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Regional Analysis
Geographically, the global motorcycle apparel market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world. As per MRFR analysis, North America dominated the market, accounting for the largest share, in 2018. However, the market in Asia-Pacific is expected to register the highest CAGR of 7.51% during the assessment period. The European market accounted for the second-largest market share in 2018. The market in Europe is estimated to reach USD 3,847.3 million by the end of 2024, with Germany being the leading country-level market.
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