The global horse riding equipment market is set for steady growth throughout the forecast period, driven by various growth factors. In 2024, the market is valued at USD 2,279.4 million, up from USD 2,189.6 million in 2023.
Projections indicate continued expansion, with the market expected to reach USD 3,406.7 million by 2034, reflecting a compound annual growth rate (CAGR) of 4.1% through 2034.
Social media influencers play a crucial role in elevating the visibility of equestrian activities, attracting fresh participants and stimulating demand for equipment. Their influence extends across platforms, fostering engagement and interest among a broader audience.
Concurrently, the upcoming 2021 Olympics and future events sustain a steady demand for top-tier riding gear. Athletes and enthusiasts alike prioritize high-quality equipment to enhance performance, ensuring a continuous market for specialized gear tailored to meet competitive standards and recreational needs in the equestrian community.
Ready to Make an Informed Decision? Contact Sales Now!
Manufacturing Hubs and Market Segments:
- South Asia & Pacific Lead Production: This region remains a dominant force in horse riding equipment manufacturing due to affordable labor costs.
- Luxury Reins Supreme: Luxury helmets and other gear continue to hold appeal, reflecting the sport’s historical association with elitism.
Fashion Meets Function: A Winning Combination
Fashion plays a surprisingly significant role in the horse riding equipment market, alongside functionality:
- Sophistication & Minimalism: Future Market Insights predicts a trend towards sleek, minimalist designs in riding apparel.
- New Players, Wider Reach: Companies like Decathlon offer high-quality, trend-driven equipment at competitive prices, attracting new riders and intensifying competition.
- Tech-Forward Fabrics: Equestrian fashion embraces advancements with dirt-resistant, water-repellent fabrics and improved grip for riders.
- Safety & Comfort at the Forefront: Improved helmet designs and cuts prioritize safety and comfort, offering riders peace of mind and enhanced mobility.
Catering to Every Rider
Manufacturers are strategically targeting both ends of the market spectrum:
- Luxury Legacy: Exquisite new dressage designs showcasing individual style and national pride cater to those seeking to uphold the sport’s royal heritage. For instance, Charles Owen offers exquisite helmets with inlaid crystals, reflecting the sport’s elite status.
- Accessibility for All: Catering to budget-conscious riders through innovative products ensures the sport’s continued growth and inclusivity.
A Bright Future for the Horse Riding Industry
By appealing to a broad spectrum of riders, the horse riding equipment market is well-positioned for continued expansion over the next decade. This growth will likely be driven by a combination of factors, including social media influence, technological advancements, and unwavering fashion trends.
Major Manufacturers:
- Colonial Saddlery
- Dainese
- Georg Kieffer Sattlerwarenfabrik GmbH
- Decathlon
- Cavallo GmbH
- Antares Sellier
- Fabtron Inc.
- Mountain Horse
- HKM Sports Equipment.
- Charlie1Horse
- Resistol
- Justin Boots
- Cashel Company
- Professional’s Choice
- Others (As per the request)
Complete Market Review: A Full Report Analysis
Why Choose Future Market Insights
- Serving domestic and international clients 24/7
- Prompt and efficient customer service
- Data collected from reliable primary and secondary sources
- Highly trained and experienced team of research analysts
- Seamless delivery of tailor-made market research reports
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube