According to a recent report by Future Market Insights (FMI), the motocross gear market is expected to surpass a valuation of US$12.5 billion at a CAGR of over 7.5% through 2031. he automotive industry and the growing popularity of off-road and motocross sports are propelling sales of motocross equipment.
Over the years, increased motocross and motocross racing activity has fueled sales of motocross equipment. As the awareness of safe riding is increasing among cyclists, the demand for riding gear such as jerseys, jackets, and pants is also contributing to the growth of the market.
With the increase in cases of fatal accidents, helmets have become the preferred choice of riders in road wear. Additionally, strict government rules regarding the consequences of not wearing a helmet are being seriously considered by motorcyclists, leading to a surge in motocross gear sales. .
Extremity injuries are common in motocross accidents, according to a survey published by the Digital Common Organization. According to the National Center for Biotechnology Information (NCBI), the overall incidence of motocross injuries is over 90 per thousand.
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These results contribute to improving the awareness of motorcyclists. It is also driving the demand for protective equipment. Supported by these factors, the market is expected to grow substantially over the next few years, reaching a shipment of 57,326 units through 2031.
Key Findings from Motocross Gear Market Research
In terms of product type, helmets are expected to dominate the market, registering a CAGR growth of 15.7% through 2031. for protective gear such as armored jackets, back protectors and other similar items will help manufacturers to prosper.
Germany is expected to maintain its dominance as the world’s second largest motocross gear market. Asia-Pacific will become the fastest growing global motocross gear market with India and China leading the region’s growth. spotlight for those in the motocross equipment industry. Men’s demand for motocross gear is increasing, propelling sales across the globe.
“As there has been a noticeable increase in the number of professional motocross riders, mass adoption of a wide range of riding and protective gear is on the cards. This trend is driving motocross gear sales at In addition, manufacturers are adding fashionable items to their portfolios to appeal to runners, which creates impressive potential for expansion,” says an IMF analyst.
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Impact of COVID-19 on the market
The coronavirus outbreak has created a meltdown in the economy by disrupting business activities across a wide range of industries. Retail trade suffered a setback. The drop in overall discretionary spending represents a temporary challenge for market participants.
Consumers were subjected to the most stringent limitations, resulting in a significant decline in year-over-year revenue growth. Due to the global lockdown, complete shutdowns of all industries and a slowing industrial environment, productivity has suffered during the outbreak. Sales were framed by online retail.
As a result, players are focusing their efforts on growing internet penetration as it allows them to reach a wider consumer base faster and at lower cost.
Leading motocross gear manufacturers are focusing on differential strategies and advertisements that have driven the growth of motocross gear sales globally.
The major players present in the motocross gears market are O’NEAL USA, Scott Sports, Aero Stitch, Fox Racing, Answer Racing, AGVSports America LLC, FLY Racing, Joe Rocket Jackets, Ride Icon, Dainese, Shift MX, TacknRider, Fox Head Inc., LeMans Corporation, ACERBIS, AXO, LSD Industries, LLC, KTM Sportmotorcycle GmbH, and Troy Lee Designs, among others.
About FMI’s Consumer Products Division
Expert analysis, in-depth insights and strategic recommendations – Future Market Insights’ Retail & Consumer Products team helps clients around the world meet their unique business intelligence needs. With a repository of over 500 reports, the team has insightfully analyzed the consumer goods industry in over 80 countries for over a decade. We provide an end-to-end market research database for retail and consumer products and consulting services; reach out to explore how we can help you.
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