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The equestrian protective clothing market share is expected to increase by USD 283.3 million from 2021 to 2026, at a CAGR of 2.04%.
This equestrian protective clothing market research report extensively covers market segmentation by product (clothing, boots, helmets, and others), end-user (recreational and professional), and geography (Europe, North America, APAC, South America, and Middle East and Africa). The equestrian protective clothing market report also offers information on several market vendors, including Ariat International Inc., CASCO International GmbH, Columbia Sportswear Co., Dainese Spa, Decathlon SA, Devon Aire, English Riding Supply Inc., GPA, Horseware Products Ltd., KEP ITALIA, Kerrits Equestrian Apparel Inc., Ladyhall Ltd., Lovell Sports Ltd., Mompso, My Breeches ltd., Parlanti International, Shanghai Goldtex Clothing and Bags Co. Ltd., SSG Gloves, Tredstep, uvex group, and Vestrum srl among others.
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The growing awareness and popularity of equestrian events is notably driving the equestrian protective clothing market growth, although factors such as risk of severe injuries and fatalities in equestrian sports may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the equestrian protective clothing industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Equestrian Protective Clothing Market Driver
One of the key factors driving the global equestrian protective clothing market growth is the growing awareness and popularity of equestrian events. There are a large number of horse-rising events around the world, which attract consumers every year. Some of the popular horse-riding events are National Equestrian Championship to be held in Mumbai from January 29 to February 5 in 2022, Asian Games 2022 equestrian trials to be held in Mumbai in December 2021, Liverpool International Horse Show, and many other big events such as Olympic Games and World Equestrian Games. All these events are expected to witness huge masses in attendance and attract more equestrian enthusiasts to buy protective clothing, which, in turn, will increase the sales of equestrian protective clothing during the forecast period.
Key Equestrian Protective Clothing Market Challenge
One of the key challenges to the global equestrian protective clothing market growth is the risk of severe injuries and fatalities in equestrian sports. According to previous records, a lot of sudden falls due to speed and ignoring the use of protective clothing during horse riding are the main causes of equestrian injuries. The most common types of injuries are head, spine, and neck injuries. Also, equestrian sports are considered to be one of the most common causes of sports-related traumatic brain injury (TBI) in adults. Excessive exhaustion can be another factor that might deter people from taking part in such activities. In addition, many insurance companies have limited coverage for injuries incurred during hard adventure sports. Together, these factors serve as challenges to the global adventure tourism market, including the global equestrian protective clothing market.
Key Equestrian Protective Clothing Market Trend
Growing number of start-ups for equestrian clothing is one of the key equestrian protective clothing market trends that is expected to impact the industry positively in the forecast period. For example, Free x Rein, a direct-to-consumer equleisure line, was started due to a lack of proper equestrian clothing in the industry. It was started to address female horse riders' biggest issues, including shirts that are available untucked, waistbands that are wide open, and the requirement to wear Spanx underneath the second-skin breeches. Another example of the same is a clothing line specializing in equestrian outfits, started by a 16-year-old teenager, Autumn Siliato, in 2017, who has attained a profit margin of around 50% in just a year from this booming business. Therefore, such factors will support the market growth in the forecast years.
This equestrian protective clothing market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
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36% of the market's growth will originate from North America during the forecast period. The US is the key market for equestrian protective clothing in North America. Market growth in this region will be faster than the growth of the market in South America, MEA, and Europe.
An increase in the awareness of the benefits of a physically active lifestyle and the thriving industry of adventure tourism will facilitate the equestrian protective clothing market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the outbreak of COVID-19 negatively impacted trade and economic activities in the region. However, by the end of 2020, factories, warehouses, and other facilities of regional vendors were reopened due to the introduction of COVID-19 vaccines. Thus, such activities are expected to drive the growth of the regional equestrian protective clothing market during the forecast period.
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The equestrian protective clothing market share growth by the clothing segment will be significant during the forecast period. Due to the consideration of equestrian clothing as one of the fashion statements, many designer brands, including Guccio Gucci, Hermes, Ralph Lauren, Chloe, and similar others, have entered the market to meet the demands of affluent as well as fashionable consumers. Hence, the market will grow through this segment in the forecast years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the equestrian protective clothing market size and actionable market insights on post COVID-19 impact on each segment.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the equestrian protective clothing market encompasses successful business strategies deployed by the key vendors. The equestrian protective clothing market is fragmented and the vendors are deploying growth strategies such as M&A to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The equestrian protective clothing market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the equestrian protective clothing market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Technavio categorizes the global equestrian protective clothing as a part of the global apparel, accessories, and luxury goods market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the equestrian protective clothing market during the forecast period.
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Equestrian Protective Clothing Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 2.04% |
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Market growth 2022-2026 |
$ 283.3 million |
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Market structure |
Fragmented |
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YoY growth (%) |
2.12 |
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Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 36% |
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Key consumer countries |
US, Australia, UK, France, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Ariat International Inc., CASCO International GmbH, Columbia Sportswear Co., Dainese Spa, Decathlon SA, Devon Aire, English Riding Supply Inc., GPA, Horseware Products Ltd., KEP ITALIA, Kerrits Equestrian Apparel Inc., Ladyhall Ltd., Lovell Sports Ltd., Mompso, My Breeches ltd., Parlanti International, Shanghai Goldtex Clothing and Bags Co. Ltd., SSG Gloves, Tredstep, uvex group, and Vestrum srl |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Product
6 Market Segmentation by End-user
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Vendor Landscape
11 Vendor Analysis
12 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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