The motocross gears market size is estimated to be valued at USD 7,042.3 million in 2023 and is expected to surpass USD 14,669.8 million by 2033. The adoption of motocross gears is likely to advance at a CAGR of 7.6% during the forecast period.
The growing obsession of riding among generations, especially millennials has had a positive effect on the growth of the motocross gears market across regions worldwide. The growing sales of motorcycles, mostly in developing regions countries and correspondingly, customers increased awareness rising awareness among riders towards their own safety has have been a crucial factor driving for the motocross gears market growth in the growth of the industry.
With various gears being offered with cost-effective prices, As per Future Market Insights (FMI), the demand for motocross gears is set to expand by 2x by 2033-end.
The helmets segment is expected to emerge as top-selling products. Their demand is set to reflect a positive growth trajectory with a market share 48.9% in 2033.
Attribute | Details |
---|---|
Estimated Market Size (2023) | USD 7,042.3 million |
Projected Market Size (2033) | USD 14,669.8 million |
CAGR through (2023 to 2033) | 7.6% |
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The integration of innovative technology and advancements in raw material processing methods are projected to be primary factors driving growth. FMI has forecast the motocross gears market to rise at 7.6% CAGR between 2023 and 2033 in comparison to the 4.9% CAGR registered during 2018 to 2022.
Outdoor sports activities like motocross riding have gained popularity in recent years, leading to increased awareness about safe riding practices. With The increasing fondness of motorbikes and off-road activities among millennials, the demand for motorcross gears is expected to increase.
Such trends are more prevalent in emerging nations. Promotional activities through social media platforms are resulting in the rapid emergence of new motorcycle markets and subsequently creating opportunities for motocross gears sales.
Period | Market Size (in USD million) |
---|---|
2018 | 5,470.0 |
2022 | 6,623.2 |
2023 | 7,042.3 |
2033 | 14,669.8 |
Players in these markets typically import motorcycles and related components, which are then assembled in local factories to create complete motorbikes with accessories like motocross gears. Manufacturers are focusing on product launches, offering a wide range of motocross gear including helmets, boots, jerseys, and jackets. This, coupled with awareness campaigns and initiatives promoting safe motocross riding, is driving revenue for players.
With the increasing popularity of motocross riding, the demand for diverse riding and protective gear such as motocross boots, helmets, and other protective gear is rapidly growing. Government, non-government, and private organizations conducting initiatives to raise awareness about safe motocross racing are projected to further boost the demand for motocross gears. The motocross gears market has also been significantly influenced by the rising demand for advancements in production infrastructure in recent years.
Increasing awareness and expenditure on safety and preventative measures for motocross riding and related activities are driving the market. Government and private organizations alike are designing campaigns to promote motor vehicle safety, which are expected to bode well for the market.
For instance, the California Department of Off-Highway Motor Vehicle Recreation has established the ‘Dirt Bike Safety Training' campaign to raise awareness among dirt bikers and motocross riders.
This training also provides suitable suggestions and directions for wearing DOT-approved helmets, gloves, elbow/knee guards, check protectors, over-ankle boots, goggles, and long pants when riding motocross. Such approaches benefit stakeholders in the motocross gears sector eventually leading to boost in volume of sales.
Motocross riders are exhibiting high demand for protective gears. These gears sometime require costly manufacturing and maintenance operations. Selecting the appropriate riding and protective gear to achieve the highest level of comfort and safety while riding might be a difficult process.
For instance, half-helmets or skullcaps provide bare minimum of protection because they only cover the top of the head. Open face helmets or three-quarter helmets provide insufficient protection for the front of the face and eyes.
As a result, there was a considerable drop in demand for motocross gear sales witnessed substantial decline during the FQ-20. Production processes were also interrupted due to non-operational manufacturing hubs and financial restrictions.
East Asia is predicted to be among the most lucrative markets during the forecast period, according to Future Market Insights. China is expected to grow at a CAGR of 8.0% in East Asia through 2023.
China, being the world's fastest-growing motocross gears market, is predicted projected to rise significantly. The need for various riding and protective motocross gear, such as jackets, jerseys, boots, and helmets, and others is creating lucrative growth opportunities for motocross gears suppliers in China to see a surge in sales.
The United States is expected to account for over 19.6% of market share in North America through 2023. Owing to easy access to the latest technologies along with the high penetration of key players in the region, the USA market will register high growth over the forecast period.
In 2020, the North American America market had accounted for the lion's share globally and is likely to retain its dominance during the forecast period this is likely to continue throughout the forecast period. Furthermore, rising public interest in motocross riding, as well as advancements in manufacturing hubs, are helping the region's growth.
North America, the world's largest motocross gears market, is led by the United States, which is predicted to continue to lead over the projection period. The United States motocross gears market is expected to vanguard the sales across North America. The country's growth is being fueled by an increase in the number of motocross riders, as well as advancements in manufacturing hubs.
For instance, Tthe American Motorcyclist Association (AMA) just launched a new motocross racing special training program. The AMA Government Relations Department not only establishes standard regulations and procedures that make racing fairer and safer, but it advocates for motocross riders' rights on a national basis while promoting local racing.
While such training programs play an important role in encouraging young people to participate in motocross racing, they also imply that motocross gears makers in the United States have more room for expansion.
Germany is identified as the second-largest market for motocross gears. Europe, as a result of a with growing interest in motocross racing among men, women, and children, Europe’s market is expected to register high growth.
A significant driving force driving the Germany’s motocross gears market is the increasing acceptance of riding and protective gear.
As per the report titled "The Motorcycling Community in Europe," published by the European Commission (EC) on April 30, 2015, the percentage of female motorcycle riders in Germany is 15%, significantly higher than in other European nations, and is anticipated to continue to grow.
This establishes that the number of female motocross racers is on the rise. A prominent element driving motocross gears sales in the country is the increase in the number of motocross racing tournaments.
Among the most popular motocross racing tournaments in Germany are the MXGP of Germany, the FIM Motocross World Championship, The European Motocross Championship, and the ADAC MX Masters (German National MX Championship). This situation is increasing the demand for motocross equipment in the country.
Japan is expected to be a hotspot for motocross gears manufacturers, due to its well-developed manufacturing centers and advanced motocross sector. In Japan, sales are being fueled by a growing knowledge awareness of for racing safety regulations and a growing demand for riding and protective motocross gear.
According to a survey issued by the National Centre for Biotechnology Information (NCBI) in Japan, motocross racing accounts for over half of all racing-related injuries. Numerous motocross racing competitions, such as the All Japan Motocross Championship (JMX) and others, take place in Japan each year.
Various firms have also launched motocross track locators in Japan in order to track motocross racing activity in the country more efficiently. The demand for motocross gears in Japan is increasing as a result of these activities. Hence, the Japanese market for motocross gears is expected to rise at an impressive rate of 5.4% CAGR during the forecast period.
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Helmets are the preferred product type in the Motocross Gears market due to their crucial role in rider safety. They offer head protection from impacts, debris, and other hazards. With stringent safety regulations and growing awareness, riders prioritize helmets to ensure their well-being during motocross activities.
The professionals segment is anticipated to hold a share of 63.6% of the market over the forecast period. Professionals are the preferred rider type in the Motocross Gears market due to their expertise, skill level, and influence. Their demand for high-performance gear sets the standard for quality and functionality, driving manufacturers to cater to their specific needs and preferences in order to maintain their competitive edge.
The competitive landscape of the Motocross Gears market is dynamic and vibrant, with several key players vying for market share. Established brands like Fox Racing, Alpinestars, and FLY Racing dominate the market with their extensive product portfolios and strong brand recognition. These companies invest heavily in research and development to introduce innovative designs, advanced materials, and cutting-edge technologies in their gear offerings.
There are emerging players and niche brands that focus on specific segments, such as custom gear or eco-friendly options, to cater to the evolving demands of riders. Intense competition drives constant product improvements, pricing strategies, marketing campaigns, and collaborations with professional riders to gain a competitive edge in this highly specialized market.
Product Portfolio:
Strategies for Motocross Gears Manufacturers to Expand in the Market
Report Attribute | Details |
---|---|
Market Value in 2023 | USD 7,042.3 million |
Market Value in 2033 | USD 14,669.8 million |
Growth Rate | CAGR of 7.6% from 2023 to 2033 |
Base Year for Estimation | 2022 |
Historical Data | 2018 to 2022 |
Forecast Period | 2023 to 2033 |
Quantitative Units | Revenue in USA Billion and CAGR from 2023 to 2033 |
Report Coverage | Revenue Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Product Type, Size, End User, Rider Type, Sales Channel, Region |
Regions Covered | North America; Latin America; Europe; Asia Pacific; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Mexico, Germany, UK, France, Spain, Italy, China, Japan, South Korea, Singapore, Thailand, Indonesia, Australia, New Zealand, GCC, South Africa, Israel |
Key Companies Profiled | O’NEAL USA; Scott Sports; Aero Stitch; Fox Racing; Answer Racing; AGVSports America LLC; FLY Racing; Joe Rocket Jackets; Ride Icon; Dainese; Shift MX; TacknRider; Fox Head Inc.; LeMans Corporation; ACERBIS; Alpinestars; AXO; LSD Industries, LLC; KTM Sportmotorcycle GmbH; Troy Lee Designs |
Customization | Available Upon Request |
The market is anticipated to secure a valuation of USD 7,042.3 million in 2023.
Ride Icon, Dainese, and Shift MX are the leading industry players.
The market is forecast to register a CAGR of 7.6% through 2033.
The market is estimated to reach USD 14,669.8 million by 2033.
The market registered a CAGR of 4.9% from 2018 to 2022.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Product Type 5.1. Helmets 5.2. Protectors 5.2.1. Check Protectors 5.2.2. Elbow/knee Guards 5.2.3. Kidney Belts 5.2.4. Braces 5.2.5. Others 5.3. Gloves 5.4. Over-ankle Boots 5.5. Goggles 5.6. Pants 5.7. Jerseys & Jackets 5.8. Others 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Size 6.1. Small 6.2. Medium 6.3. Large 6.4. Extra-Large 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Men 7.2. Women 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Rider Type 8.1. Beginners 8.2. Professionals 9. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 9.1. Wholesalers/Distributors 9.2. Hypermarkets/Supermarkets 9.3. Exclusive/Specialty Stores 9.4. Multi-Brand Stores 9.5. Independent Sports Outlets 9.6. Online Retailers 9.7. Others 10. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 10.1. North America 10.2. Latin America 10.3. Europe 10.4. Asia Pacific 10.5. Middle East and Africa (MEA) 11. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Asia Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. O’NEAL USA 18.2. Scott Sports 18.3. Aero Stitch 18.4. Fox Racing 18.5. Answer Racing 18.6. AGVSports America LLC 18.7. FLY Racing 18.8. Joe Rocket Jackets 18.9. Ride Icon 18.10. Dainese 18.11. Shift MX 18.12. TacknRider 18.13. Fox Head Inc. 18.14. LeMans Corporation 18.15. ACERBIS 18.16. Alpinestars 18.17. AXO 18.18. LSD Industries, LLC 18.19. KTM Sportmotorcycle GmbH 18.20. Troy Lee Designs 19. Assumptions & Acronyms Used 20. Research Methodology
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