Technological advancements and rising demand for motorcycles are some of the factors accelerating the growth of the motorcycle gear market. Also, rising popularity of high-speed bikes and increasing demand for helmets, jacket, gloves and riding boots drives the growth of the overall market. Due to the increased levels of road traffic especially within cities and towns, more and more users are turning towards motorcycles and other two wheelers as a preferred mode of transport. Also, they are also being regularly used for sports and other leisure activities. Hence, the demand for helmets is rising as it reduces the risk of head injuries and protects from bad weather. A motorcycle jacket provides protection to body parts such as such as arms, back, ribs and organs. Gloves gives optimum protection as it comes equipped with knuckle protectors and reinforced material around the palms.
The global motorcycle gear market is segmented into type and distribution channel.
On the basis of type, the market is segmented into helmet, jackets, footwear, pants, and safety gear and suits. The riding helmet is expected to hold the major share of the market due to reduce the risk of serious head and brain injuries.
On the basis of the distribution channel, the market is segmented into online, specialty store, super market, and others. Super markets hold the major share of the market as it provides wide range of goods or services, which is generally operated on a self-service basis.
On the basis of region, the global motorcycle gear market is segmented into North America, Europe, Asia Pacific, and Latin America and the Middle East & Africa (LAMEA).
North America holds the largest share of the global motorcycle gear market followed by Europe. whereas, Mexico is expecting a healthy growth in the future. Helmets manufactured in the U.S. must meet Federal Motor Vehicle Safety Standard 218—the performance standard that establishes minimum level of protection for helmets designed for the use by motorcyclists.
European countries such as Italy and France, economic developments and recent technological advancements have been boosting the motorcycle gear market to some extent. In France, strict laws are imposed on motorcyclists and scooter riders regarding the obligations to carry a fluorescent hi-viz vest or jacket and to wear gloves while riding From January 2016. This new law is expected to drive the growth of the motorcycle gear market in France.
However, the Asia Pacific and LAMEA are expecting a healthy growth during the forecast period 2019–2026.
Some of the key players in the global motorcycle gear market are Alpinestars S.p.A (Italy), Arai Helmet, Inc. (U.S.), Belstaff Group SA (Switzerland), Dainese S.p.A (Italy), FLY Racing (U.S.), Fox Head, Inc. (U.S.), REV’IT! Sport International (Netherlands), Rynox Gears (India), SHOEI CO., LTD. (Japan), and Spidi Sport S.r.l. (Italy)
Many key players are offering motorcycle gears. For instance, Arai Helmet, Inc. manufactures helmets that are majorly used in motor-racing and Formula 1 racing competition. The company offers Arai helmets in various categories such as the full face, open face, off the road, and car helmets. Furthermore, Dainese S.p.A innovates ultrarapid-deployment airbag suit and jacket systems for motorcycle racing and road use.
Alpinestars S.p.A is a major manufacturer and seller of professional motorcycle riding products for both men and women across the globe. They majorly supplying various products including riding jackets with leather and textile options, T-shirts, pants, jeans, shorts, hats, sweatshirts, shoes, gloves, underwear, and protection accessories, among others. These accessories are available through retail and online stores for a range of application such as automotive, cycling, and travel luggage.
Motorcycle Gear Market Segmentation
By Distribution Channel