PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1781276
PUBLISHER: Global Industry Analysts, Inc. | PRODUCT CODE: 1781276
Global Horse Riding Equipment Market to Reach US$2.5 Billion by 2030
The global market for Horse Riding Equipment estimated at US$1.7 Billion in the year 2024, is expected to reach US$2.5 Billion by 2030, growing at a CAGR of 6.6% over the analysis period 2024-2030. Helmets Horse Riding Equipment, one of the segments analyzed in the report, is expected to record a 5.1% CAGR and reach US$597.2 Million by the end of the analysis period. Growth in the Vests Horse Riding Equipment segment is estimated at 7.6% CAGR over the analysis period.
The U.S. Market is Estimated at US$455.9 Million While China is Forecast to Grow at 10.1% CAGR
The Horse Riding Equipment market in the U.S. is estimated at US$455.9 Million in the year 2024. China, the world's second largest economy, is forecast to reach a projected market size of US$500.2 Million by the year 2030 trailing a CAGR of 10.1% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.4% and 6.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR.
Global Horse Riding Equipment Market - Key Trends & Drivers Summarized
Why Is the Horse Riding Equipment Market Expanding Globally?
The global horse riding equipment market is experiencing steady growth, driven by increasing interest in equestrian sports, recreational riding, and the rising popularity of horseback riding as a leisure activity. The market covers a broad range of products, including saddles, bridles, stirrups, helmets, riding boots, and protective gear, each catering to the needs of both professional riders and recreational enthusiasts. The growth of equestrian sports such as show jumping, dressage, polo, and racing has significantly fueled demand for high-quality and specialized horse riding equipment. Furthermore, the increasing popularity of horseback riding as a recreational activity in countries with strong equestrian traditions, such as the United States, Canada, the UK, and Australia, is contributing to market expansion. Rising awareness of the benefits of horseback riding-such as improved physical fitness, mental health, and social bonding-has attracted new riders, boosting the demand for essential riding gear. Additionally, the growing middle class and disposable income in emerging markets is further fueling the market's growth, as more individuals are able to invest in premium equestrian products.
How Are Technological Innovations Improving Horse Riding Equipment?
Technological advancements are playing a significant role in enhancing the performance, safety, and comfort of horse riding equipment. Innovations in material science have led to the development of lighter, stronger, and more durable materials for saddles, helmets, and protective gear. For example, the use of carbon fiber in saddle tree construction provides greater flexibility and reduces weight while maintaining strength, improving the overall comfort and performance for both horse and rider. In helmets, the introduction of advanced impact-resistant materials like MIPS (Multi-Directional Impact Protection System) has improved safety by providing superior protection against rotational forces in the event of a fall. Additionally, the integration of smart technologies, such as sensors and GPS systems, into riding gear is enhancing rider safety and training. Smart helmets with integrated communication systems allow riders to stay in touch with trainers, while GPS-enabled saddle pads and pressure mats can monitor the horse’s movement, posture, and comfort. These technological innovations are transforming the horse riding experience, making it safer, more comfortable, and more efficient, thus driving the demand for advanced riding equipment.
What Role Do Safety and Regulatory Standards Play in the Horse Riding Equipment Market?
Safety and regulatory standards play a crucial role in the growth of the horse riding equipment market, as they ensure that products meet the required safety criteria to protect both riders and horses. In many countries, riding helmets, boots, and other protective gear are subject to stringent safety regulations. For example, equestrian helmets are typically required to meet specific standards such as ASTM F1163 (for the United States) or the EN1384 (for Europe). These regulations ensure that helmets provide adequate protection against impact, and that materials used in manufacturing are tested for durability and performance. Similarly, riding boots and safety vests must adhere to specific standards to ensure rider safety during competitions and training. The emphasis on safety is prompting manufacturers to continually innovate and improve their products to meet evolving regulations and consumer expectations. As awareness of safety increases among both professional riders and recreational enthusiasts, demand for certified, high-quality equipment continues to rise. This trend is driving the development of more advanced safety features in horse riding equipment, further contributing to the market’s growth.
What Are the Key Drivers of Growth in the Horse Riding Equipment Market?
The growth in the horse riding equipment market is driven by several factors, including the increasing participation in equestrian sports, rising consumer awareness about safety, technological innovations, and the expansion of the middle-class consumer base in emerging economies. First, the continued popularity of equestrian sports, such as show jumping, dressage, and racing, is fueling the demand for specialized, high-performance equipment tailored to the needs of professional riders and trainers. Second, the rising awareness about the importance of rider and horse safety is pushing demand for certified, high-quality protective gear, such as helmets, safety vests, and knee guards. Third, technological advancements in materials and design are enhancing the functionality, comfort, and durability of horse riding equipment, making it more appealing to both amateur and professional riders. Fourth, the expanding middle class in emerging economies is increasing the consumer base for horse riding equipment, as more individuals gain access to horseback riding as a leisure activity and sport. Finally, the growing trend of recreational horseback riding, especially in countries with vast rural areas, is driving demand for affordable and accessible riding equipment for recreational riders. These combined drivers-along with the rising global interest in equestrian tourism and horse-related events-are fueling sustained growth in the horse riding equipment market, with increased investment in innovative products that meet the evolving needs of riders and their horses.
SCOPE OF STUDY:
The report analyzes the Horse Riding Equipment market in terms of units by the following Segments, and Geographic Regions/Countries:
Segments:
Product (Helmets Horse Riding Equipment, Vests Horse Riding Equipment, Stirrups Horse Riding Equipment, Saddles Horse Riding Equipment, Birdles Horse Riding Equipment, Other Horse Riding Equipment); Distribution Channel (Online Distribution Channel, Sporting Goods Retailers Distribution Channel, Supermarkets / Hypermarkets, Exclusive Brand Outlets Distribution Channel, Other Distribution Channels)
Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.
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