Motorcycle Racing Apparel Global Market Report 2023

“Motorcycle Racing Apparel Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on motorcycle racing apparel market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
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• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for motorcycle racing apparel ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The motorcycle racing apparel market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

* The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

* The impact of higher inflation in many countries and the resulting spike in interest rates.

* The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Clothing; Footwear; Protection Gear

• 2) By Distribution Channel: Non-Store; Store Built

• 3) By Application: Competitive Race; Recreation

• Companies Mentioned: Alpinestars SpA; Dainese SpA; Fox Head Inc; Scott Sports SA; ThorMX

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery Format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the motorcycle racing apparel market are: Alpinestars SpA, Dainese SpA, Fox Head Inc., Scott Sports SA, ThorMX, FirstGear, Gerbing Heated, ICON Motosports, Klim, REV'IT!, SIDI, RST, Furygan, Vardenchi and Tucano Urbano.

The global motorcycle racing apparel market grew from $1.86 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The motorcycle racing apparel market is expected to grow to $2.46 billion in 2027 at a CAGR of 4.8%.

The motorcycle racing apparel market consists of sales of helmets, jackets, suits, boots, and gloves. Values in this market are: 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Motorcycle racing apparel refers to a specialized type of clothing and equipment that is mainly used by people who are riding motorcycles to get comfort and safety against serious injury. It provides abrasion resistance and reinforcing armor at crucial contact points. It includes a protective shield, pants, jackets, boots, gloves, helmets, airbags, goggles, and accessories to safeguard riders on extended rides with a few ridings gear support.

North America was the largest region in the motorcycle racing apparel market in 2022. The regions covered in the motorcycle racing apparel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of motorcycle racing apparel are clothing, footwear and protection gear. The clothing for motorcycle racing refers to clothing such as T-shirts, pants, and jackets worn by motorcycle riders during the race. This clothing protects the rider in the event of a crash, deflects sun, rain, or debris, keeps the rider warm, cool, or hydrated, increases visibility, expresses the rider's style or social identity, and stows baggage. Motorcycle racing apparel are mostly used in competitive race and recreation.

The increasing number of accidents is driving the growth of the motorcycle racing apparel market. The number of accidents is increasing mainly due to speeding/reckless driving followed by other reasons such as the absence of safe procedures, open violation of the traffic rules by the drivers, poor road lighting increasing encroachment, and others. Motorcycles are more prone to accidents as motorcyclists and their passengers are more exposed to weather and road risks than drivers in enclosed automobiles. This rise in the number of accidents will create a huge demand for motorcycle racing apparel and gears that act as a protective shield to ensure the safety of riders and provide comfort during the ride. For instance, according to a fact sheet published in September 2021 by the US National Highway Traffic Safety Administration (NHTSA), in the USA, in 2019, around 84,000 motorcycle riders were injured, a 2% increase from the 82,000 motorcycle riders injured in 2018. 5,014 motorcycle riders were killed in 2019, representing 14% of traffic fatalities. Furthermore, according to the Ministry of Road Transport and Highways of India, in 2020, India reported 158,964 motorcycle road accidents. The fatalities due to motorcycle road accidents increased from 56,136 in 2019 to 56,873 in 2020. Therefore, the rising number of accidents will drive the growth of the motorcycle racing apparel market.

The increasing number of accidents is expected to drive the growth of the motorcycle racing apparel market. The number of accidents is increasing mainly due to speeding/reckless driving followed by other reasons such as the absence of safe procedures, open violation of the traffic rules by the drivers, poor road lighting increasing encroachment, and others. Motorcycles are more prone to accidents as motorcyclists and their passengers are more exposed to weather and road risks than drivers in enclosed automobiles. This rise in the number of accidents will create a huge demand for motorcycle racing apparel and gears that act as a protective shield to ensure the safety of riders and provide comfort during the ride. For instance, according to a fact sheet published in September 2021 by the US National Highway Traffic Safety Administration (NHTSA), in the USA, in 2019, around 84,000 motorcycle riders were injured, a 2% increase from the 82,000 motorcycle riders injured in 2018. 5,014 motorcycle riders were killed in 2019, representing 14% of traffic fatalities. Furthermore, according to the Ministry of Road Transport and Highways of India, in 2020, India reported 158,964 motorcycle road accidents. The fatalities due to motorcycle road accidents increased from 56,136 in 2019 to 56,873 in 2020. Therefore, the rising number of accidents will drive the growth of the motorcycle racing apparel market.

In October 2020, Dainese Group, an Italy-based motorcycle apparel company acquired TCX, for an undisclosed amount. With this acquisition, Dainese Group aims to enhance and grow its footwear business, to provide a truly head-to-toe range of products. TCX is an Italian company offering motorcycle footwear for road racing, touring, and off-road applications.

The countries covered in the motorcycle racing apparel market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The motorcycle racing apparel market research report is one of a series of new reports from The Business Research Company that provides motorcycle racing apparel market statistics, including motorcycle racing apparel industry global market size, regional shares, competitors with a motorcycle racing apparel market share, detailed motorcycle racing apparel market segments, market trends and opportunities, and any further data you may need to thrive in the motorcycle racing apparel industry. This motorcycle racing apparel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.