Motorcycle Apparel Market: Industry Analysis and Opportunity and Forecast to 2027


Posted April 9, 2021 by Vaibhavwamrfr2021

MarketResearchFuture Presents “Motorcycle Apparel Market Research Report –Global Forecast to 2027” New Document to its Studies Database

 
Market Highlights

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 personal protective clothing or equipment for safe riding. It includes helmets, jackets, gloves, shoes, pants, and base layers. The apparel protects riders in crashes and from inclement weather.

North America was the largest market for motorcycle apparel in 2018 and the regional market is expected to maintain its dominance during the review period. Europe held a significant market share and was the second-largest market for motorcycle apparel in 2018. In Europe, the market in Germany is projected to exhibit the highest growth rate of 7.64% during the forecast period. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing per capita disposable incomes in the region have led to the rising sales of motorcycles and motorcycle apparel.

Key Players:

Market Research Future recognizes 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), and Zhuhai Safety Helmets MFG Co., Ltd. (China) as the key players in the global motorcycle apparel market.



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Segment Analysis:

The global motorcycle apparel market has been segmented on the basis of product type, end use, distribution channel, and region.

By product type, the market has been divided into helmets, jackets, gloves, shoes, pants, base layers, and others. The helmets segment accounted for the largest market share in 2018. Stringent regulations mandating the use of helmets in most countries have boosted the growth of the segment. Moreover, regulations for helmet manufacturers to offer lighter and safer products will drive the growth of the segment. However, the gloves segment is projected to register the highest CAGR during the forecast period. Growing awareness of the need to protect hands while riding is driving the growth of the segment.

Based on end use, the global motorcycle apparel market has been classified as on-road motorcycle apparel and off-road motorcycle apparel. The on-road motorcycle apparel segment accounted for the larger market share in 2018. There are more on-road than off-road motorcyclists, which is driving the growth of the segment. Moreover, the on-road motorcycle apparel segment is projected to exhibit the higher CAGR during the forecast period.

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.

NOTE: Our Team of Researchers are Studying Covid19 and its Impact on Various Industry Verticals and wherever required we will be considering Covid19 Footprints for Better Analysis of Market and Industries. Cordially get in Touch for More Details.
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Issued By MRFR
Business Address Office No. 528/524, Amanora Chambers, Magarpatta Road, Hadapsar Pune, Maharashtra 411028
Country India
Categories Automotive , Business , Retail
Tags Motorcycle Apparel Market
Last Updated April 9, 2021