Motocross Gear Market Size is Anticipated to Grow USD 3.2 Billion at a CAGR of 6.0% by 2031 - Report by Transparency Market Research
The rise in safety concerns is driving the motocross gear market, as motocross events are prone to accidents and riders often face critical or fatal injuries, leading governments across the globe to implement stringent rules to mitigate the risk of accidents in motocross
Wilmington, Delaware, United States, July 05, 2023 (GLOBE NEWSWIRE) -- *Transparency Market Research Inc. -* The global market for motocross gear is anticipated to register substantial growth, with an expected *CAGR of nearly 6%* from 2023 to 2031. By the end of the aforementioned forecast period, the market is expected to be valued at US$ 3.2 billion.As the frequency of motorbike-associated sports rises, countries are investing in motocross racing events, which is fueling demand for motocross gear.
Millions of people practice off-road motorcycling, or motocross, globally. Naturally, participants are prone to injuries and near-misses, which prompts event organizations, governments, and motocross sports participants to focus on safety gear. Head injuries, ankle or wrist sprains, broken collarbone, anterior cruciate ligament (ACL) tears, and shoulder injuries are some of the most common injuries suffered by riders.
According to Digital Commons Georgia Southern, extremity injuries may account for nearly 65% of the injuries seen in motocross. In 2019, around 4,733 motorcycle drivers were killed, of which 61 were off-road riders, as per the National Highway Traffic Safety Administration.
Out of the killed off-road riders, 66% did not wear a helmet. Thus, governments across the globe are implementing stringent rules for motocross events. This is likely to fuel market development in the coming years.
Motocross gear such as motocross helmets, motocross clothing, chest protectors, boots, and knee pads guard different body parts against impacts of crashing or accidents. Helmets protect from head injuries; boots prevent feet from sprains and twists; and jersey and pants help prevent the skin from getting scratched to a certain extent.
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*Market Snapshot:*
*Report Coverage* *Details*
Market Revenue US$ 1.8 Bn
Estimated Value US$ 3.2 Bn
Growth Rate - CAGR 6.0 %
Forecast Period 2023-2031
No. of Pages 150 Pages
Market Segmentation By Product Type, End-user, Distribution Channel
Regions Covered North America, Europe, Asia Pacific, Middle East & Africa, South America
Companies Covered Alpinestars, Acerbis Italia SpA, Answer Racing, AXO, FLY Racing, Fox Racing, O’NEAL USA, SCOTT Sports SA, Shift MX, Troy Lee Designs, Leatt
*Key Takeaways from the Market Report*
· As of 2022, the global motocross gear market was valued at US$ 1.9 billion
· By 2023-end, sales of motocross gear are expected to surpass US$ 2 billion in value
· A y-o-y growth rate of 5.7% is expected for the global motocross gear market from 2022 to 2023
· By product type, demand for motocross helmets is expected to rise significantly, due to the enhanced need for safe racing
· Sales of motocross gear for women are expected to gain traction, attributed to their increasing participation
· The market for motocross gear is anticipated to grow 1.6x from 2023 to 2031
*Global Motocross Gear Market: Key Drivers & Trends*
· Demand for motocross gear is inclining as its popularity rises. With its rising popularity, safety regulations to ensure minimal incidences of injury or fatality are becoming tighter. These rules make it mandatory for event organizers to supply racers with adequate safety gear
· Governments and event organizers have been actively promoting racing safety through the implementation of key guidelines. For example, the California Department of Off-Highway Motor Vehicle Registration has designed the Dirt Bike Safety Training campaign to raise awareness among dirt bikers and motocross riders. This is likely to boost sales in the future
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*Regional Analysis of the Motocross Gear Industry*
· Europe is expected to be the kingpin of the global motocross gear market. Growth of this market is likely to be strong across Germany, as it is an emerging hub for racing and adventure sports. A majority of all popular motocross events are held in Germany.
· Following Europe is North America, with the United States anticipated to account for nearly 20% of all motocross gear sales. The market is expected to grow amid a rising interest in motocross events. Organizations such as the American Motorcycle Association (AMA) are offering motocross training programs, a development which may lead to increased usage of protective gear
*Competitive Landscape*
The motocross gear market is characterized by the presence of several local as well as global players. Due to their presence, the landscape is expected to become highly competitive in forthcoming years. Players are expected to introduce a wide range of motocross gear products to keep up with this competition. Some of the players profiled by Transparency Market Research include:
· Alpinestars
· Acerbis Italia S.p.A.
· Answer Racing
· AXO
· FLY Racing
· Fox Racing
· O’NEAL USA
· SCOTT Sports SA
· Shift MX
· Troy Lee Designs
· Leatt*Key Market Developments*
· On *June 20**,** 2023, **Alpinestars* presented its all-new *Supertech** R10 Road Racing Helmet Launch Edition*. This S-R10 Helmet Launch Edition comes in dark candy red sublimated by vibrant red accents, and a carbon glossy colorway, where dark candy red ink has been incorporated in the clear coating and manually sprayed on the carbon helmet to create a unique grading effect.
· In *May 2023, **Acerbis** Italia S.p.A. *introduced a 100% recycled polyester interlock fabric manufactured jersey, as part of its 120^th anniversary of the foundation of the black and white club. The jersey is characterized by the *1903/2023 *logo on the chest, with a sublimatic printed golden stripe on the sleeves, collar, and cuffs
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*Key Segments Profiled*
*Product Type*
· Jersey and Pants
· Helmets
· Boots
· Goggles
· Gloves
· Chest Protectors
· Knee Pads
· Elbow Guards
· Neck Braces
· Others (Palm Protectors, Socks, Gear Bags, etc.)
*End U**ser*
· Women
· Men
*Distribution Channel*
· Online
· Company-owned Websites
· E-commerce Websites
· Offline
· Hypermarkets/Supermarkets
· Specialty Stores
· Other Retail Stores*Region*
· North America
· Europe
· Asia Pacific
· Middle East & Africa
· South America*Read More Related Reports:*
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