Equestrian Products & Supplies Market Scope
Equestrian Products & Supplies are necessary products required for equestrians. These are characterized for elegance, safety & comfort to its user. People from different age backgrounds are indulging in horse riding as an activity with multiple health benefits. Horse riding is expected to derive the market growth for Equestrian Products & Supplies over the forecast period.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Horze-Equestrian (Finland), Gems International (India), Akash International (India), Bates Saddles (Australia), Amerigo saddle (Switzerland), Berney Brothers (Ireland) and Beval Saddlery (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service 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 India Vendors will contribute to the maximum growth of Global Equestrian Products & Supplies market throughout the predicted period.
Horze-Equestrian (Finland), Gems International (India), Akash International (India), Bates Saddles (Australia), Amerigo saddle (Switzerland), Berney Brothers (Ireland) and Beval Saddlery (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 Borne Saddlery (United States).
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.
Segmentation Overview
The study have segmented the market of Global Equestrian Products & Supplies market by Type , by Application (Recreational and Professional) and Region with country level break-up.
On the basis of geography, the market of Equestrian Products & Supplies 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May 2023 Littleton, MA Dover Saddlery, the leading omni-channel retailer of equestrian products has announced it will be offering franchise opportunities for Dover Saddlery store locations across the United States in their newest business venture.
In December , 2023 Ocala, FL – LeMieux, globally recognized for its outstanding technical horse and rider apparel with a focus on style, has been announced as an official partner of World Equestrian Center – Ocala (WEC) in Ocala, FL. The partnership will see LeMieux open its first flagship store in the world at WEC – Ocala on January 11, 2024. As one of the world’s fastest-growing equestrian brands, LeMieux brings a unique flair for color to the horse sport industry.
Influencing Trend:
Upsurging Online Distribution Channels Globally
Market Growth Drivers:
Rising Popularity of Horse Riding Games by Individuals and Increasing Number of Horse Riding Events in Developed Countries
Challenges:
High Prevalence of Counterfeit Products
Restraints:
Pricy Apparel & Equipment and Most Regions don’t have Infrastructure, Relating to Training & Education
Opportunities:
Adoption of Newer Technologies for Product Enrichment
Key Target Audience
Manufacturers of Equestrian Products & Supplies, Suppliers of Equestrian Products & Supplies, Wholesalers, Distributors, and Retailers of Equestrian Products & Supplies, Raw Material Providers, End-User and Governmental bodies