The Horse Riding Equipment market’s the analysis’s shortcomings and future opportunities. The growth trend of the world market for horse riding equipment is shown. Untapped potential and market share held by several industrial categories are shown by the research.
The study offers a thorough examination of the competitive environment, key development factors, and opportunities for the global horse riding equipment market.
Horse Riding Equipment Market Outlook & Key Findings
- Global horse riding equipment market to register a CAGR of 4% during the forecast period of 2020 and 2030
- Increasing participation in horse riding as a result of social media influencers to strengthen revenue streams
- Training and practice for Olympics 2021 to ensure consistent demand for horse riding equipment
- South Asia and Pacific to remain manufacturing hub for horse riding equipment as labor remains an affordable resource
- Luxury helmets and other gear to still remain an attractive segment as the notion of elitist sport continues
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Fashion Trends Define Design and Production of Horse Riding Equipment
Fashion has been at the focal point of booming horse riding equipment market just as much as performance in the actual sport has been. For decades, brands such as U.S Polo have led the fashion dynamic in the horse riding sphere.
From t-shirts, team jerseys, boots, and other products, the company has made itself synonymous with the sport.
Future Market Insights predicts that global dynamics in the horse riding equipment will be significantly driven by fashion trends, often characterized as sophisticated and minimalist.
Entry of new players in the market such as Decathlon, which offers equipment at far lesser price, uncompromised quality, and in tandem with latest fashion trends, it has lured in wider number of consumers, creating a stiff competition.
Equestrian fashion is adapting to technological advancements with fabrics that are resistant to dirt and water and offer better gripping. Better cuts for improved mobility and increased safety function of helmets along with utmost comfort have helped the vendors in the market to make their mark.
Vendors are also catering to the uber luxury side of this market to retain the “elite” status and to continue the legacy of it primarily being a royal sport. For instance, dressage, is expected to see introduction of exquisite new designs exhibiting individual style and national colours.
To this end, Charles Owen, a holder of a Royal Warrant and supplier to the Royal Mews at Buckingham Palace retail helmets with carefully inlaid crystals to removable sun visors, which showcases the legacy of this riding sport.
Thus, an appeal to both the consumers from both ends of the spectrum to the ones the middle is expected to boost the demand for horse riding equipment in the coming ten years.
Social Media Makes it Mark in Horse Riding Equipment Market
The role of social media in influencing youngsters to take up riding lessons cannot be denied. The fad of projecting an image has actually worked in favour of the global horse riding equipment market as more and more young people are taking to riding.
The popularity of the sport has been largely driven by the explosion of social media and growing number of celebrities influencing the riding for leisure or sport. While motivation to pursue horse riding might be high on vanity metric, analysts predict that is could lead to authentic engagement in the years to come.
This shift in perception is projected to play a critical role in fuelling the sale of horse riding equipment between 2020 and 2030.
In the coming years, manufacturers of horse riding equipment, especially apparel, will witness a strengthening trend of choices dictated by influencers and celebrities.
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Horse Riding Equipment Market: Segmentation
By Product
- Helmets
- Vests
- Stirrups
- Saddle
- Halters
- Bridles
- Accessories
- Others
By Price Range
- Mass
- Premium
By Material Type
- Wooden
- Metal
- Plastic
- Leather
- Others
By Equipment Type
- Equine Equipment
- Rider Equipment
By Consumer Orientation
- Male
- Female
- Kids
By End-user
- Amateurs
- Professionals
By Sales Channel
- Hypermarket/Supermarket
- Independent Sports Outlet
- Sports Retail Chain
- Franchised Sports Outlet
- Direct-to-Customer Online Channel
- Direct-to-Customer Institutional Channel
- Modern Trade Channels
- Third Party Online Channels
Key players covered in the report include:
- Dainese
- Georg Kieffer Sattlerwarenfabrik GmbH
- Decathlon
- Cavallo GmbH
- Antares Sellier
- Fabtron Inc.
- Mountain Horse
- HKM Sports Equipment.
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