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Motorcycle Apparel Market by Application and Geography - Forecast and Analysis 2022-2026

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRTNTR71438
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The motorcycle apparel market share is expected to increase by USD 3.67 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.55%.

This motorcycle apparel market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (road motorcycle apparel and off-road motorcycle apparel) and geography (North America, Europe, APAC, South America, and MEA). The motorcycle apparel market report also offers information on several market vendors, including AGV Sports Group Inc., Alpinestars Spa, Dainese Spa, Dunham Athleisure Corp., FLY Racing, Fox Racing Inc., KIDO Sports Co. Ltd., Polaris Inc., Spartan ProGear Co., and Vega Auto Accessories Pvt. Ltd. among others.

What will the Motorcycle Apparel Market Size be During the Forecast Period?

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Motorcycle Apparel Market: Key Drivers and Trends

The increasing number of road accidents is notably driving the motorcycle apparel market growth, although factors such as the increasing availability of counterfeit products may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the motorcycle apparel industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Motorcycle Apparel Market Driver

One of the key factors driving growth in the motorcycle apparel market is the increasing number of road accidents. The number of road accidents has increased owing to the deterioration in road transport infrastructure and the rising number of automobiles plying on roads. Road accidents often result in several injuries, as well as disabilities. The growing awareness among people about the implications of road accidents is encouraging them to adopt various motorcycle apparel. Globally, motorcyclists are increasingly adopting various add-on accessories, such as visors and helmet displays, to avoid distractions. All these factors have accelerated the adoption of motorcycle apparel and are driving the growth of the global motorcycle apparel market.

Key Motorcycle Apparel Market Challenge

The increasing availability of counterfeit products is another major challenge for the motorcycle apparel market growth. The growing market prospects of motorcycle apparel and accessories are driving the market for counterfeit motorcycle apparel. Counterfeit motorcycle apparel products are made with low-quality raw materials that are dangerous in terms of safety measures for the rider. The growing penetration of e-commerce has propelled the sales of counterfeit products and widened their geographical reach. Customers often find it increasingly difficult to distinguish between genuine and counterfeit products as they appear similar. Furthermore, the low prices of counterfeit products fuel their demand, and the growing number of counterfeit products is expected to adversely affect the sales and pricing strategies of genuine vendors operating in the global market.

This motorcycle apparel 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.

Who are the Major Motorcycle Apparel Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • AGV Sports Group Inc.
  • Alpinestars Spa
  • Dainese Spa
  • Dunham Athleisure Corp.
  • FLY Racing
  • Fox Racing Inc.
  • KIDO Sports Co. Ltd.
  • Polaris Inc.
  • Spartan ProGear Co.
  • Vega Auto Accessories Pvt. Ltd.

 

This statistical study of the motorcycle apparel market encompasses successful business strategies deployed by the key vendors. The motorcycle apparel market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 motorcycle apparel 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. 

Which are the Key Regions for Motorcycle Apparel Market?

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41% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for motorcycle apparel in North America. Market growth in this region will be faster than the growth of the market in the European, APAC, and South American regions.

 The rising household final consumption, driven by the growing disposable income in the region will facilitate the motorcycle apparel 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.

What are the Revenue-generating Application Segments in the Motorcycle Apparel Market?

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The motorcycle apparel market share growth by the road motorcycle apparel segment will be significant during the forecast period. The adoption of motorcycle apparel is more common in North American and European countries. The European market is witnessing higher adoption of such apparel, partly because of the prevalent stringent mandatory regulations on the use of protective motorcycle apparel in regional countries. Although the adoption of motorcycle apparel is lower in developing regions such as South America and MEA, it is expected to increase during the forecast period owing to the rising awareness of the safety of the riders.

This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle apparel market size and actionable market insights on post COVID-19 impact on each segment.

 

Motorcycle Apparel Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 6.55%

Market growth 2022-2026

$ 3.67 billion

Market structure

Fragmented

YoY growth (%)

5.99

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 41%

Key consumer countries

US, China, Germany, Canada, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

AGV Sports Group Inc., Alpinestars Spa, Dainese Spa, Dunham Athleisure Corp., FLY Racing, Fox Racing Inc., KIDO Sports Co. Ltd., Polaris Inc., Spartan ProGear Co., and Vega Auto Accessories Pvt. Ltd.

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 the forecast period

Customization purview

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What are the Key Data Covered in this Motorcycle Apparel Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive motorcycle apparel market growth during the next five years
  • Precise estimation of the motorcycle apparel market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the motorcycle apparel industry across North America, Europe, APAC, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of motorcycle apparel market vendors

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Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2021
  • Market outlook: Forecast for 2021 - 2026

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Road motorcycle apparel - Market size and forecast 2021-2026
  • Off-road motorcycle apparel - Market size and forecast 2021-2026
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2021-2026
  • Europe - Market size and forecast 2021-2026
  • APAC - Market size and forecast 2021-2026
  • South America - Market size and forecast 2021-2026
  • MEA - Market size and forecast 2021-2026
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • AGV Sports Group Inc.
  • Alpinestars Spa
  • Dainese Spa
  • Dunham Athleisure Corp.
  • FLY Racing
  • Fox Racing Inc.
  • KIDO Sports Co. Ltd.
  • Polaris Inc.
  • Spartan ProGear Co.
  • Vega Auto Accessories Pvt. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

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.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The motorcycle apparel market growth will increase by $3672.23 million during 2021-2026.
The motorcycle apparel market is expected to grow at a CAGR of 6.55% during 2021-2026.
Technavio has segmented the motorcycle apparel market by application (Road motorcycle apparel, Off-road motorcycle apparel, Road motorcycle apparel, and Off-road motorcycle apparel) and geographic (North America, Europe, APAC, South America, and MEA).
AGV Sports Group Inc., Alpinestars Spa, Dainese Spa, Dunham Athleisure Corp., FLY Racing, Fox Racing Inc., KIDO Sports Co. Ltd., Polaris Inc., Spartan ProGear Co., Vega Auto Accessories Pvt. Ltd. are a few of the key vendors in the motorcycle apparel market.
North America will register the highest growth rate of 40.93% among the other regions. Therefore, the motorcycle apparel market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the motorcycle apparel market growth are:
  • Increasing number of road accidents
The motorcycle apparel market vendors should focus on grabbing business opportunities from the road motorcycle apparel segment as it accounted for the largest market share in the base year.
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