Motocross Gears Market is expected to grow at a CAGR of Approximately Over 2022-2031

According to a recent report by Future Market Insights (FMI), the motocross gears market is expected to surpass a valuation of US$ 12.5 Bn at a CAGR of over 7.2% through 2031.

Over the years, increase in motocross and dirt-bike racing activities has fuelled motocross gears sales. As awareness of safe riding is increasing among the riders, demand for riding gear such as jerseys, jackets, and pants is also aiding market growth.

With rising cases of fatal accidents, helmets have become the preferred choice of riders in gears. Furthermore, stringent government rules regarding the consequences of not wearing a helmet are being seriously considered by motocross riders, leading to spike in the sales of motocross gears. .

Extremity injuries are common in motocross accidents, according to a survey published by the Digital Common Organization. According to the National Centre for Biotechnology Information (NCBI), the overall incidence of motocross injuries is more than 90 per thousand.

Such findings are assisting in improving awareness among motocross riders. This also is spurring the demand for protective gears. Backed by these factors, the market is set to witness substantial growth over the coming years, reaching a shipment of 57,326 units through 2031.

2021-2031 Motocross Gears Market Outlook in Comparison to Sales Registered in 2016-2020

The eIntegrationxpansion 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 7.5% CAGR between 2021 and 2031 in comparison to the 3.6% CAGR registered during 2016-2020.

Outdoor sports activities such as motocross riding have gained popularity in the last few years, and with it has come a greaterresulting in increasing awareness of about safe riding practices. With The hincreasing passionigh fondness for 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.

Players operating in these markets usually import motorcycles and related components. Then they assemble these in local factories, finally creating full motorbikes with accessories such as motocross gears.

Meanwhile, mManufacturers are focusing on product launches to afor a wide range of motocross gear, including such as helmets, boots, and jerseys and jackets. Coupled with this, awareness campaigns and initiatives aimed at supporting safe motocross riding are boosting income in this businessrevenue for players.

As motocross riding has grown in popularityhas acquired immense popularity, so has the demand for diverse riding and protection gear has increased. As a result, demand for motocross boots, helmets, and other protective gear is rapidly increasing.

Furthermore, initiatives conducted by the government, non-governmentaland private organizations to raise awareness about safe motocross racing are projected to improve motocross gears demand in the future.

In recent yearsRecently, the motocross gears market has been considerably impacted by rising demand for advancements in production infrastructure. Furthermore, the sectorthe market is fast recovering rapidly from the negative effectsimpact of the COVID-19 pandemic, and new diverse prospects for companies are emerging.

On the back of these aforementioned factors, the market is poised to expand at a staggering pace, reaching a shipment of 57,326 units through 2031.

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 Key Takeaways from the Motocross Gears Market Study

• In terms of product type, helmets are expected to dominate the market, registering growth at 15.7% CAGR through 2031.
• The U.S. will lead the North America market, which will continue to be the focal centre of the world’s largest motocross gears market.
• Increased demand for protective gear such as armoured jackets, back protectors, and other similar items will help manufacturers thrive.
• Germany is expected to maintain its dominance as the world’s second largest motocross gear market
• Asia Pacific will emerge as the world’s fastest-growing motocross gear market, with India and China leading the region’s growth.
• The U.K., France, Canada, and Japan will be in the spotlight for motocross gear industry stakeholders.
• Men’s demand for motocross gear is surging, propelling sales across the globe.

Impact of COVID-19 on the Market

The coronavirus outbreak has created a collapse in the economy by interrupting business activities across a wide range of industries. The retail industry has suffered a setback. Fall in aggregate discretionary spending represents a temporary challenge for market participants.

Consumers were subjected to the strictest limitations, resulting in a significant drop in revenue increase year over year. Due to global lockdown, complete shutdowns of all industries, and downturn in the industrial environment, productivity suffered during the epidemic. The sales were bracketed by online retailing.

As a result, players are focusing their efforts on growing internet penetration, as this allows them to reach a wider consumer base faster and at a lower cost.

Who is Winning?

Leading manufacturers of motocross gears are focused on differential strategies and advertisements that have driven sales growth of motocross gears globally.

Major players present in the motocross gears market are 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, AXO, LSD Industries, LLC, KTM Sportmotorcycle GmbH, and Troy Lee Designs among others.

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