Rally Sport Riding Gear Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Rally Sport Riding Gear Market is expected to exhibit a CAGR of more than 5% during the forecast period 2020 - 2025.

Key Highlights

• A growth in the market has been observed since 2015 owing to the growing popularity of motorsports in developing countries such as India. Increased participation in endurance motorsport racing is driving the market growth globally.
• Many global manufacturers of endurance motorcycles are launching their top selling models in countries such as India owing to the increasing willingness of customers to buy top end vehicles and gears. In March 2020, Honda launched its adventure tourer Africa Twin in India to address the need of market.
• The innovations in the use of materials such as carbon fibre and polymers for riding gear manufacturing is driving the market. The new materials provides better protection and comfort such as sweat soaking to rally drivers.

Key Market Trends

Technological Innovations Are Driving The Market

The audience and player participation in rally racing sports has been continuously increasing leading to the growth of Rally Sport Riding Gear Market. The new version of rally sports is driven by energy efficient and environment friendly vehicles with increased safety.Toyota in 2020 announced to field five Yaris cars in Finland for racing season of 2020 and 2021. These cars are equipped with new safety features that were not there in the previous version introduced in 2017.

The safety standards for rally vehicles are enhanced at regular time periods and design innovations are seen in roll cage design, frontal head restraints, side-hit protection, etc. Many riding gear manufacturers invest in research and development regularly to keep up with global standards such as FIA and Snell. Innovation in materials such as styrofoam and shell combination, usage of kevlar, Dyneema, High Density Plastic, etc. is driving the growth of market.

Europe Is The Largest Market For Rally Sport Riding Gears

Europe is home to major automotive manufacturers that regularly participates in motor sport events held cross the continent to showcase the strength, safety, comfort, endurance and durability of their vehicles. Rally racing is a popular sport in Europe and several major global events are held in the continent throughout the globe. Owing to the aforementioned factors, Europe has the largest share of rally sport riding gears in the entire world.

Introduction of racing sports involving electric propulsion technology has brought a significant innovations in safety and performance design of recing vehicles. The fireproof properties of rally jackets have also improved owing to the reasearch and development in the field. These factors are propelling the growth of market in the region.

Competitive Landscape

The market for Rally Sport Riding Gear is a fragmented one with players such as Alpinestars, AGV Sports, Bell Helmets, FLY Racing , etc. dominating the market. Design innovation and investment in safety features is a prominent strategy adopted by majority of players in the market. Players also sponsors professiona drivers and teams as a medium to market their products.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support