Motocross Gears Market Outlook and Opportunities in Grooming Regions with Forecast 2018 to 2028

Posted on 2019-08-12 by Mark Hub in Apparel & Fashion // 0 Comments

In a recent Fact.MR study, motocross gears market has been evaluated at US$ 1320 Mn in 2017 as per the latest market trends and the encouraging nature of motocross gears market. International Motorcycling Federation (FIM), which conducts all the motorcycle races, has launched many championships and races that play a vital role in the growth of motocross gears market. The study predicts the motocross gear market to achieve 4.9% CAGR through 2028.

Outpacing the growth of participation in motocross races has increased the demand for customized motocross gears extensively. Leading manufacturers of motocross gears are collaborating with software developing companies for tech-enabled product innovations. Custom motocross gears are being manufactured with personalized color, text, design and logo. Customized motocross gears such as ventilation in jackets to control moisture and sweat is also gaining traction. Motocross gears manufacturers use the latest software technology to provide lightweight and comfortable motocross gears.

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Motocross Gears Market – Massive Fan Base for the Sport Continue to Support Market Growth

Dirt bike racing is one of the most exciting sport in North America & Europe. It not only provides a thrilling experience but also acts as a stage for the meeting of like-minded people. Rising popularity of the Motocross races in the Asia Pacific and MEA has opened a vast customer base for the motocross gears manufacturing sector.

The steady growth in the dirt bike fleet and motorcycle production rate has also impacted the motocross market. Some of the prominent players in the manufacturing of motocross gears are using Kevlar, Cordura and other best protective material to provide maximum protection to the rider. The growth in the motocross market is observed by growing awareness in motocross enthusiast for the safety of the riders. Motocross associations and clubs are particular about participants wearing protective gears during races. The rapid increase in the adoption of tech-enabled safety gears has translated into significant demand for motocross gears, thus fueling the growth of the market.

Armored jackets will continue to be continue to be highly utilized among protective gears in motocross gears with revenue foreseen to exceed US$ 153.2 Mn. Demand for protective gears has shown that high safety measures and rules are taken into consideration during the international grand Prix and national championships. On the contrary, the rise in the number of counterfeit products under the big brand names with economical pricing and cheap quality are key challenges for those associated with the motocross gears market that has confined their market growth.

Despite being an unorganized market, motocross market is expected to have an intense competition between the new entrants and the existing players. Key players in motocross gears market include Alpinestars Spa, O’Neal, Fly racing, LeMans Corporation, Motorsports aftermarket ltd. and Scott sports. These firms are implanting strategies, such as increase in product reach, partnerships, and acquisitions of local and emerging players to hold a strong position in the motocross gears market.

Prominent manufacturers are focusing on smart gears due to its increasing demand among the players. Helmets are being integrated with Bluetooth facilities and Wi-Fi capabilities to improve the safety and efficiency of the motocross gears. Counterfeit products are one of the major challenges for the motocross gears market. Product innovations and development through technology in motocross gears is expected to create growth opportunity for the motocross gears market.

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