"Revving Up the Future: Key Trends Shaping the Global Motorcycle Apparel Market"
𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐚𝐥𝐮𝐞 :
In 2023, the motorcycle apparel market was valued at USD 24.90 billion. With a projected CAGR of 6.5% from 2024 to 2030, the market is expected to grow to nearly USD 38.69 billion by 2030.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 :
The global motorcycle apparel market is driven by factors like iconic brands such as Aprilia, Ducati, and Harley Davidson, as well as the influence of online personalities and technological innovations. The growing popularity of bike touring and the emphasis on safety in racing events are also key contributors.
𝑪𝒍𝒊𝒄𝒌 𝒉𝒆𝒓𝒆 𝒇𝒐𝒓 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 + 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒈𝒓𝒂𝒑𝒉𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕: https://lnkd.in/dcteKjgV
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 :
The motorcycle apparel market is growing due to higher demand for protective gear, rising incomes, and the emergence of new companies. While the pandemic caused supply chain disruptions, leading players have implemented innovative strategies to drive market growth.
𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 :
One prominent trend is the growing demand for smart gear, such as helmets with built-in communication systems, GPS, and safety features like crash detection. Another is the increasing emphasis on protective clothing, as riders seek enhanced safety in response to rising road accidents and traffic congestion. Technological innovations in materials are also gaining traction, with lightweight, durable, and weather-resistant fabrics becoming standard in high-performance gear.
𝑼𝒏𝒍𝒐𝒄𝒌 𝒚𝒐𝒖𝒓 𝒆𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝑷𝑫𝑭 𝒏𝒐𝒘! https://lnkd.in/dSDNCVzr
𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧 :
In 2023, the Asia Pacific region captured 45.80% of the motorcycle apparel market share. Home to major motorcycle manufacturers like Bajaj, Hero, Honda, and TVS, the region plays a key role in global sales, particularly in Latin America and Africa. To enhance the customer experience, OEMs like TVS and Royal Enfield have expanded into the riding gear market, promoting their products in showrooms.
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