Motorbike Riding Gear Market Worth $17.2 Billion By 2025 | CAGR 6.4%


Posted July 14, 2020 by sitakant

The global motorbike riding gear market size is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period.

 
The global motorbike riding gear market size is expected to reach USD 17.2 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 6.4% over the forecast period. The global market is expected to witness significant growth due to increasing number of motorcycle as well as premium motorcycle riding enthusiasts.
Protective gear held more than 60.0% share of global revenue in 2018. It includes helmet, gloves, knee guard, elbow guard, and spine guard. Among these, helmet are widely used owing to growing awareness related to head injury among the riders. According to the National Institute of Neurological Disorders, each year, more than a million people suffer from traumatic brain injuries in U.S. Out of these, more than half of the cases are a result of motor vehicle accidents. Thus, growing awareness related to head injuries is driving the demand for protective gear over the forecast period.
The offline segment dominated the market in 2018 and is expected to maintain its lead throughout the forecast period. Growing product visibility in developing countries such as India, China, and Brazil, coupled with increasing number of retail outlets in developed countries, is expected to provide growth opportunity over the forecast period. However, sale through online channel is expected to witness the fastest growth over the forecast period. Increasing penetration of smartphones and internet in various countries is expected to fuel sale through online channel.

For PDF sample Copy or More Details please visit link @: https://www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market

Asia Pacific was the largest market in 2018 owing to growing product visibility and product penetration in countries such as India, China, and Singapore. Increasing disposable income of the urban people, coupled with desire to travel and live a fulfilled life, has led to an increase in spending on motorcycle protective gear. This is expected to fuel the demand for protective motorcycling riding gear from 2019 to 2025.
Motorbike Riding Gear Market Report Highlights
• By product, clothing is expected to expand at a CAGR of 6.7% from 2019 to 2025 owing to growing penetration of premium motorcycle in developing countries
• The online segment is expected to reach USD 1.5 billion by 2025 and is expected to witness the fastest growth over the forecast period
• Asia Pacific motorbike riding gear market is expected to expand at a CAGR of 6.9% over the forecast period
• Vendors are focusing on R&D to launch innovative products and expand their product line and offerings in protective motorbike riding gear market.

To request Research report sample copy with TOC please visit @: https://www.grandviewresearch.com/industry-analysis/motorbike-riding-gear-market/request/rs1

Motorbike Riding Gear Market Segmentation
Grand View Research has segmented the global motorbike riding gear market on the basis of product, distribution channel, and region:
Motorbike Riding Gear Product Outlook (Revenue, USD Million, 2015 - 2025)
• Protective Gear
• Clothing
• Footwear
Motorbike Riding Gear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
• Offline
• Online
Motorbike Riding Gear Regional Outlook (Revenue, USD Million, 2015 - 2025)
• North America
o U.S.
• Europe
o Germany
o U.K.
• Asia Pacific
o China
o India
• Central & South America
• Middle East & Africa

For Inquire before buying please visit @: https://www.grandviewresearch.com/inquiry/6060/ibb

About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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Issued By sitakanta
Country United States
Categories Business , Industry , Manufacturing
Tags motorbike riding gear market
Last Updated July 14, 2020