Motocross Gears Market Scope
Motocross is a form of off-road motorcycle racing held on enclosed off-road circuits. The motocross gears market is expected to mark significant growth over the forecasted period owing to the increasing importance of rider safety. Also, increasing demand for customized and innovative products is generating lucrative opportunities. The rise in the number of motocross enthusiasts will increase the participation rate and directly surge the sales of motocross gears.
According to AMA, the Global Motocross Gears market is expected to see growth rate of 6.49%The companies are exploring the market with new ideas, styles, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Motocross Gears market throughout the predicted period.
AlpineStars (United States), Fox Racing (United States), O'Neal (United States), Scott Sports (Switzerland), Motorsport Aftermarket Group (United States), Airoh Helmet (Italy), LeMans Corporation(United States), Dainese (Italy), Fly Racing (United States) and Answer Racing (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are REVZILLA (United States) and Factory Racing (Canada).
Segmentation Overview
The study have segmented the market of Global Motocross Gears market by Type (Riding Gears and Protective Gears), by Application (Men, Women and Kids) and Region with country level break-up.
On the basis of geography, the market of Motocross Gears has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). United States region held largest market share in the year 2022.
Influencing Trend:
Use of GPS and Bluetooth-Enabled Helmets
Market Growth Drivers:
Growth in the Racing Industry and Increasing Importance of Rider Saftey
Challenges:
Low Adoption Rate in Developing Countries and Availability of Counterfeit Products
Restraints:
High Cost of the Gears
Opportunities:
Increasing Demand for Innovative Tech-Enabled Products and Rising Demand for Customized Motocross Gears
Market Leaders and their Expansionary Development Strategies
Royal Enfield joins hands with Italian riding gear brand Alpinestars. The partnership aims to provide Indian riders with the essential tools needed to make the best of their adventures, Royal Enfield said in a statement. The collection includes armour-infused riding jackets, gloves and riding trousers that meet global safety norms of safety, performance and comfort.
In June 2019, AGV unveils the special editions of Pista GP R for the 2019 Italian Grand Prix. Valentino Rossi and Franco Morbidelli take to the track at the Mugello circuit with new and celebratory liveries.
If a manufacturer determines that any vehicle manufactured by it does not conform with an applicable FMVSS or contains a safety-related defect, 49 U.S.C. 30118 requires that the manufacturer notify NHTSA and affected vehicle owners and to remedy, without cost, the defect or failure to conform in accordance with 49 U.S.C. 30120. Specific instructions on furnishing notification to NHTSA and affected owners are contained in 49 CFR Parts 573 and 577.
Key Target Audience
Motocross Gears Manufacturers, Motocross Gears Suppliers/Distributors, Raw Material Suppliers and Research and Development Organisation
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.