Increase in motocross and dirt-bike racing activities has been fuelling the sales of motocross gear over the years. While rise in awareness regarding the benefits of protective motocross gear such as guards, armored jackets, chest protection, helmets, etc., is working in favor of manufacturers, increase in requirement for riding gear such as jerseys, jackets, and pants is further boosting market expansion.
As stated in a report published by the Digital Common Organization, extremity injuries may account for nearly 65% of the injuries seen in motocross. Also, as stated in a report published by the National Center for Biotechnology Information (NCBI), overall incidence of motocross injuries is more than 90 per thousand. Such reports are helping increase awareness among motocross riders, and thereby, the requirement for protective gear.
According to an ESOMAR-certified market research and consulting firm, the global motocross gear market is anticipated to expand at over 6% CAGR during the forecast period of 2021 to 2031.
Key Takeaways from Study
Increase in demand for riding gear to be witnessed
Rise in requirement for protective gear such as armored tops, back protectors, etc., to boost growth of manufacturers
The United States to remain the focal point of the world’s largest motocross gears market – North America
Germany to maintain its lead in the world’s second-largest motocross gears market – Europe
Asia Pacific to emerge as the fasted-growing market for motocross gear in the world
China, the United Kingdom, France, Canada, and Japan to take the limelight for stakeholders in the motocross gear industry
Rapidly rising demand from men to propel sales of motocross gear across regions
“With rise in awareness among motocross riders, adoption of a wide variety of riding and protective gear is getting prevalent across the globe. Additionally, manufacturers are adding stylish products to their portfolios to attract female riders as well, which, in turn, is changing market outlook substantially,” says an analyst.
Increase in Adoption of Safety Measures by Riders Catering to Surge in Demand for Motocross Gear
Motocross gear plays a very important role for riders in providing a comfortable and safe riding experience. With increase in inclination towards riding activity, requirement for various motocross gear such as boots, helmets, jackets and shorts, to name a few, is growing rapidly.
As stated in a report titled “Freestyle Motocross Safety Tips,” published by the SafetyRisk Organization, one of the most important freestyle motocross safety precautions is to wear protective riding gear while on the course. As per the report, using this gear can help save the life of a motocross rider during a massive crash. Also, the report mentioned helmets, protective gloves, padded clothing, knee-length boots and elbow pads to be extremely important while going in for freestyle motocross. Such reports have significant contribution in raising the demand for motocross gear across geographies.
Who is Winning in this Space?
The global motocross gear market is getting fiercer in terms of competition. In order to survive in the highly competitive environment, key market players are emphasizing on launching even broader category of products.
For instance, Fox Racing launched its new extensive range of products such as Fox MX21 Dirt Bike Racewear, V3, V2 & V1 Motocross Helmets with MIPS Rotational Management Systems, and others, in 2021.
Answer Racing launched its new range of products such as Answer MX Riding Gears & Accessories, and others, a couple of years back.
These insights are based on a report on Motocross Gear Market by Fact.MR.