Motorcycle Racing Apparel Market Scope
The motorcycle racing apparel is specially designed for motorcycle racing purposes. Because of increasing trends of motorcycle racing among youths and another reason is high sponsorship from big giants. These apparels are available for various designs, features, and colors. Which attract user at a high rate. And the growing ratio of accidents in racing also creates huge demand for racing apparel and advancement in manufacturing technology also boosts the demand of these apparel.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Fox racing (United States), Alpinestars (Italy), 100% Speedlab, LLC (United States), Shoei (Japan), Oakleys (United States), REV'IT! Sport International (The Netherlands), Dainese (Italy), Klim (United States), Alpinestars (Italy) and Icon Motosports (United States) |
CAGR | % |
The global motorcycle racing apparel market is highly competitive and consists of some key players. In terms of market share, few of the key players presently dominate the global market. These market players are leveraging on strategic collaborative creativities to intensification their market share and escalation their profitability. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Motorcycle Racing Apparel market throughout the predicted period.
Fox racing (United States), Alpinestars (Italy), 100% Speedlab, LLC (United States), Shoei (Japan), Oakleys (United States), REV'IT! Sport International (The Netherlands), Dainese (Italy), Klim (United States), Alpinestars (Italy) and Icon Motosports (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 Sedici (United States), Bering (United States), Belstaff (Switzerland), TVS Motor Company (India) and Revitsport (Netherland).
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 Motorcycle Racing Apparel market by Type , by Application (Men, Women and Unisex) and Region with country level break-up.
On the basis of geography, the market of Motorcycle Racing Apparel 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 2022.
Market Leaders and their expansionary development strategies
In August 2022, Rev’It acquired Vircos, Italian custom-tailored leather road-racing suits manufacturer. This acquisition helped company to expand its presence in motorcycle racing apparel market
In October 2019, TVS Motor Company launched its official riding gear and apparel line at Moto Soul 2019, in Goa. This launch helped company to expand its presence in motorcycle racing apparel market
Influencing Trend:
Growing Safety Concern Because Of Rising Accident Rates and High Growth in Online Purchasing Behaviour
Market Growth Drivers:
Growing Trends in Motorcycle Racing, Rising Youth Interest in Motorcycle Racing and High Population Growth
Challenges:
Less Consumer Awareness
Restraints:
High Cost of Raw Materials
Opportunities:
Growing Disposable Income and Advancement in Automobiles Manufacturers
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Motorcycle Racing Apparel Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries