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HORSE RIDING APPAREL MARKET REPORT OVERVIEW
The Horse Riding Apparel Market Size was Valued at US$ US$ 231.95 Million in 2023. The Market is likely to Surpass US$ 287.57 Million by 2032 at a CAGR of 2.17% During the Forecast period [2024-2032].
Having riding wear is important because it provides protection for the rider and comfortable attire while riding. It also has a helmet to cover the head, special riding boots that enhance the rider’s balance besides preventing the foot from sliding through the stirrups, and breeches or jodhpurs that fit the rider closely without any seams that may cause rubbing. Further, spurs hold the legs closer to the horse while riding gloves ensure a good grip of the reins, and the neatly fitted jackets or vests give a neat look and allow a lot of mobility.
COVID-19 Impact: Market Growth Restrained due to Scarcity of Goods
The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.
The COVID-19 pandemic had the several effects on the horse-riding apparel market. The limitation of people’s contacts with other individuals as well as the temporary closure of riding schools and events negatively influenced the demand for riding apparel. Fluctuations in the supply chain resulted in delays and scarcity of goods, while the overall unpredictability of business and low purchasing power prompted individuals to do minimal buying of equestrian accessories not regarded as necessities.
LATEST TRENDS
"Usage of Recycled Materials to Propel the Market Growth"
Current tendencies in this market are still focused on the usage of recycled materials and largely ethical production. There is also a rising customer need for high-performance technical fabrics that are breathable, absorb moisture, and provide protection from ultraviolet radiation. Further, more and more details and adjustable concepts are available on fashion elements, reflecting the riders’ need for both practicality and elegance.
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HORSE RIDING APPAREL MARKET SEGMENTATION
By Type
Based on type the market can be categorized into Clothes, Boots, Helmets & Gloves
- Clothes: Suiting of breeches, jodhpurs, jackets, vests, show shirts, and tights for riding.Warmth, wearability, breathability, water resistance, and sun protection, respectively. Non-toxic materials or parts; trendy aesthetics; several colours or prints.
- Boots: High riding boots, jodhpur, travel boot, riding boot, dress boot, leisure boot. Stability, protection to the ankle, perfect sizing, and anti-slip outsoles.Advanced composites, good posture, attractive and multifunctional products.
- Helmets: Helmets, schooling helmets, jockey helmets, skull caps.Compliance with safety standards; ventilation provision; portability; flexibility of the goggles’ fit.Improved security measures; modern shapes; ability to have easily distinguishable looks.
- Gloves: Introduce the types: gloves, schooling gloves, winter riding gloves, and summer riding gloves.Improvement of grip, ease-of-use, decided life-span, waterproofing.Technical fabrics; the fabrics used are compatible with the touch screens; it has an ergonomic design.
By Application
Based on application the market can be categorized into Gloves
- Gloves: Gloves Categories include Show Gloves with Sleek Design, Quality Fabric, Firm and Better Gripping; Schooling Gloves that are Durable, Comfortable, Flexible, and a Firm Grip; Winter Riding Gloves that are Insulated, Waterproof, Windproof, and Warm; and Summer Riding Gloves that are made of mesh panels for ventilation, quick drying fabric, and ergonomic design to avoid sweating and discomfort.
DRIVING FACTORS
"Increasing Participation in Equestrian Sports to Expand the Market"
One of the key driving factors of Horse Riding Apparel Market growth is Increasing Participation in Equestrian Sports. There is increased popularity in equestrian sports and recreational riding across the world, creates this market. An increase in the population participating in riding activities from hobbyists to professionals affects the sales of riding suits, riding boots, riding helmets, and riding gloves.
"Advancements in Apparel Technology to Advance the Market"
Technology and textile design have a pivotal impact on the market, especially for fabrics. The versatility in designing functional apparel that elicits comfort, protection, and durability, in addition to designs like moisture-wicking fabrics, UV-protective clothes and accessories, safety helmets, and riding boots, keeps the target consumers indulged.
RESTRAINING FACTOR
"High Cost of Specialised Apparel to Pose Potential Impediments on this Market"
Costs influence the purchasing behaviour of consumers; the high cost of quality of this apparel can act as a restraint. Cycling equipment that is tailored from exotic materials and enhanced by specific safety aspects is usually associated with higher prices, which many clients, especially recreational or occasional cyclists or non-professional athletes, are willing to pay. This can hinder market growth in a way since consumers in certain geographical locations usually have relatively low per capita income.
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HORSE RIDING APPAREL MARKET REGIONAL INSIGHTS
North America to Dominate the Market due to its Equestrian’s Vibrant Culture
"The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa."
North America has emerged as the most dominant region in the Horse Riding Apparel Market share because of equestrian’s vibrant culture, high enthusiast ship in numerous riding disciplines, and many high-profile riding events. This area has a stable base of riding schools, clubs, and competitive outlets, and therefore the market for good riding wear is always going to be fairly constant in this region. Also, the regions of operation, particularly in North America, have good economic status, and customers are financially capable of affording better and best-performing gear.
KEY INDUSTRY PLAYERS
"Key Players Transforming the Horse Riding Apparel Market through Research and Launching New Materials"
Eminent performers in the industrial value chain have the ability to determine the quality, safety, and novelty of this apparel. These companies shape the market through research and launch new materials and technologies, thus improving the comfort of riders as well as their protection. Through marketing techniques, advertisements such as sponsorship of equestrian events and the credibility of professional riders influence consumers’ choice of a specific brand.
LIST OF MARKET PLAYERS PROFILED
- Devon-Aire (U.S.)
- Ariat (U.S.)
- Equidorf (U.S.)
- DECATHLON (France)
- Noble Outfitters (U.S.)
INDUSTRIAL DEVELOPMENT
2024: Ariat enters the resale market. Ariat’s new resale partner is Archive, a resale technology firm aimed at offering a second-hand market featuring Ariat International. This is good for practitioners, can possibly attract new users, and is maintainable.
REPORT COVERAGE
This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global Horse Riding Apparel Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.
This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.
| REPORT COVERAGE | DETAILS |
|---|---|
Market Size Value In |
US$ 231.95 Million in 2023 |
Market Size Value By |
US$ 287.57 Million by 2032 |
Growth Rate |
CAGR of 2.17% from 2023 to 2032 |
Forecast Period |
2032 |
Base Year |
2023 |
Historical Data Available |
2019-2022 |
Regional Scope |
Global |
Segments Covered |
Type and Application |
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What value is Horse Riding Apparel Market expected to touch by 2032?
The Horse Riding Apparel Market is expected to reach USD 287.57 million by 2032.
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What CAGR is the Horse Riding Apparel Market expected to exhibit by 2032?
The Horse Riding Apparel Market is expected to exhibit a CAGR of 2.17% by 2032.
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Which are the driving factors of the Horse Riding Apparel Market?
Increasing Participation in Equestrian Sports and Advancements in Apparel Technology are some of the driving factors of the market.
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What is the key Horse Riding Apparel Market segments?
The key market segmentation that you should be aware of, which include, based on type the Horse Riding Apparel Market is classified as Clothes, Boots, Helmets & Gloves. Based on application Horse Riding Apparel Market is classified as Gloves.
