The global horse riding apparel market was valued at $2.7 billion in 2021, and is projected to reach $4.1 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.Equestrian apparel, often known as horse riding apparel, refers to the protective clothes worn by the horse rider. The whole horseback riding outfit consists of riding boots, jackets, gloves, and other essential accessories. should give comfort and safety to the rider, as well as. Due to the increased acceptance of new sports technologies and current trends among young people, the horse riding clothing business is fast changing. In order to survive in a cutthroat market, draw in new customers, and satisfy the needs of existing ones, producers must introduce creative items. The popularity of popular sporting events like the Olympics, horse riding competitions, and others has increased the number of fans, which stimulates demand for horse riding apparel and propels the market's expansion.
In addition, the growing popularity of sports and fitness among young people fuels market expansion generally. The growth of the market is, however, adversely impacted by the increase in young smartphone usage and inclination for inside activities like playing video games. The customer preference for alternative leisure pursuits, such as virtual reality gaming, watching movies, attending live music events, and others, also hinders the expansion of the horse riding apparel sector.
The global horse riding apparel market is analyzed on the basis of type, gender, distribution channel, and region. By type, the market is divided into clothes, boots, gloves, and others. Further, boots are classified into hunt boots, field boots, and dress boots. By gender, it is classified into male and female. By distribution channel, the market is divided into supermarket/hypermarket, independent sports outlet, sports retail chain, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, Saudi Arabia, South Africa, and rest of LAMEA).
The market expansion for horse riding apparel has been adversely impacted by the COVID-19 pandemic. The market for horse riding apparel, which had been growing steadily in previous years, has now stopped expanding as a result of the suspension of all sports and sporting activities.
The major players operating in the global horse riding apparel market are Antares Sellier, Ariat International, Inc., Cavallo GmbH & Co. KG, Charles Owen, Dainese, Decathlon S.A, Georg Kieffer Sattlerwarenfabrik GmbH, HKM Sports Equipment GmbH, Horseware Ireland, Justin Boots, Mountain Horse, Phoenix Performance Products Inc, Professional's Choice, Shanghai Goldtex Clothing & Bags Co., Whitaker International Ltd.
In addition, the growing popularity of sports and fitness among young people fuels market expansion generally. The growth of the market is, however, adversely impacted by the increase in young smartphone usage and inclination for inside activities like playing video games. The customer preference for alternative leisure pursuits, such as virtual reality gaming, watching movies, attending live music events, and others, also hinders the expansion of the horse riding apparel sector.
The global horse riding apparel market is analyzed on the basis of type, gender, distribution channel, and region. By type, the market is divided into clothes, boots, gloves, and others. Further, boots are classified into hunt boots, field boots, and dress boots. By gender, it is classified into male and female. By distribution channel, the market is divided into supermarket/hypermarket, independent sports outlet, sports retail chain, and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Spain, Italy, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Indonesia, Malaysia, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, Nigeria, Saudi Arabia, South Africa, and rest of LAMEA).
The market expansion for horse riding apparel has been adversely impacted by the COVID-19 pandemic. The market for horse riding apparel, which had been growing steadily in previous years, has now stopped expanding as a result of the suspension of all sports and sporting activities.
The major players operating in the global horse riding apparel market are Antares Sellier, Ariat International, Inc., Cavallo GmbH & Co. KG, Charles Owen, Dainese, Decathlon S.A, Georg Kieffer Sattlerwarenfabrik GmbH, HKM Sports Equipment GmbH, Horseware Ireland, Justin Boots, Mountain Horse, Phoenix Performance Products Inc, Professional's Choice, Shanghai Goldtex Clothing & Bags Co., Whitaker International Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the horse riding apparel market analysis from 2021 to 2031 to identify the prevailing horse riding apparel market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the horse riding apparel market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global horse riding apparel market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Clothes
- Boots
- Sub-type
- Hunt boots
- Field boots
- Dress boots
- Gloves
- Others
By Gender
- Male
- Female
By Distribution Channel
- Supermarkets and hypermarkets
- Independent sports outlet
- Sports retail chain
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Russia
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Indonesia
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- United Arab Emirates
- Nigeria
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- Antares Sellier
- Ariat
- Cavallo GmbH
- Colonial Saddlery
- Decathlon
- Fabtron Inc.
- HKM Sports Equipment GmbH
- Horseware
- Justin Boots
- Kastel Denmark
- Professional's Choice
- Sorel
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HORSE RIDING APPAREL MARKET, BY TYPE
CHAPTER 5: HORSE RIDING APPAREL MARKET, BY GENDER
CHAPTER 6: HORSE RIDING APPAREL MARKET, BY DISTRIBUTION CHANNEL
CHAPTER 7: HORSE RIDING APPAREL MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Horse Riding Apparel Market," the horse riding apparel market size was valued at $2.7 billion in 2021, and is estimated to reach $4.1 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.The primary factors driving market expansion are Olympic training and competition. The horse riding apparel market demand rises as the number of men and women participating in this activity rises, necessitating further safety rules pertaining to the equipment. Additional factors contributing to the market's expansion include the expansion of equestrian institutions such riding yards, welfare organizations, and riding schools. These horse riding apparel market trends is creating lucrative horse riding apparel market opportunity.
Numerous horse riding organizations in the UK have noted a rise in riders, and the British Equestrian Trade Association (BETA) has found that over the previous five years, both the number of club members and the number of leisure riders has increased. The development of the worldwide horse riding clothing market is fueled by consumer spending on leisure sports, the opening of new riding clubs and yards, the inclusion of the sport in school and college sports curriculum, and rising disposable income. A spike in spine and rib injuries when riding horses has raised awareness among riders of the need for protective horse riding apparel, and the organization has improved safety measures as a result of the growth in both men and women participating in horseback riding.
Manufacturers have been concentrating on developing new goods that may satisfy the leisure needs of recreational riders and minimize damage from accidents that occur when competing. The wearing of safety gear when riding horses is now required by many groups, and horse riding schools have also begun doing so from the beginning of the training phase. Other than for professional riders, this has led to an increase in horse riding apparel generally.
According to horse riding apparel market analysis, the global market is analyzed on the basis of type, gender, distribution channel, and region. By type, the market is divided into clothes, boots, gloves, and others. Further, boots are classified into hunt boots, field boots, and dress boots. Among these, the clothes segment occupied the major horse riding apparel market share of the market in 2021, and is projected to maintain its dominance during the horse riding apparel market forecast period. The clothing is made for those who prefer to ride horses. As it offers more protection than other varieties, demand for it has increased significantly around the world, which significantly aids in market expansion.
By gender, it is classified into male and female. Due to the growth of equestrian sports and increased consumer awareness of sports, the male market is registering significant horse riding apparel market growth.
By distribution channel, the market is divided into supermarket/hypermarket, independent sports outlet, sports retail chain, and others. Manufacturers are constantly working to improve the visibility of their products on shelves, and as a result, they primarily target sports retail chains. As a result, sports retail chains offer a wider selection of helmets and other horseback riding gear. Additionally, sports retail chains offer choices like discounts and the advantage of instant gratification, which aid in the expansion of the market for horse riding apparel.
In 2021, Europe accounted for 35.6% in the global market, and is expected to maintain its dominance during the forecast period. The market for horse riding apparel is expected to develop during the forecast period, largely because to expanding start-ups involved in the manufacture and sale of the clothing for horses.
The COVID-19 epidemic has had a negative impact on the supply chain, and the entire consumer goods industry continues to suffer losses. To stop the spread of the corona virus, governments frequently implement absolute lockdown, during which time a number of sports were strongly advised to be suspended.
The major players analyzed for global horse riding apparel industry are Antares Sellier, Ariat International, Inc., Cavallo GmbH & Co. KG, Charles Owen, Dainese, Decathlon S.A, Georg Kieffer Sattlerwarenfabrik GmbH, HKM Sports Equipment GmbH, Horseware Ireland, Justin Boots, Mountain Horse, Phoenix Performance Products Inc, Professional's Choice, Shanghai Goldtex Clothing & Bags Co., Whitaker International Ltd. The launch of new products and growing their companies have been the main developmental tactics used by the participants in the horse riding apparel market to grow their market share, boost profits, and maintain market dominance.
Key Findings of the Study
- By type, the clothes segment was the highest revenue contributor to the horse riding apparel market size, with $898.7 million in 2021, and is estimated to reach $1,339.3 million by 2031, with a CAGR of 4.1%.
- Depending on gender, the male segment was the highest revenue contributor to the market, with $1,622.1 million in 2021, and is estimated to reach $2,409.5 million by 2031, with a CAGR of 4.1%.
- As per distribution channel, the sports retail chain segment was the highest revenue contributor to the market, with $947.3 million in 2021, and is estimated to reach $1,407.7 million by 2031, with a CAGR of 4.1%.
- Region wise, Europe was the highest revenue contributor, accounting for $955.0 million in 2021, and is estimated to reach $1,414.3 million by 2031, with a CAGR of 4.1%.
Companies Mentioned
- Antares Sellier
- Ariat
- Cavallo GmbH
- Colonial Saddlery
- Decathlon
- Fabtron Inc.
- Hkm Sports Equipment GmbH
- Horseware
- Justin Boots
- Kastel Denmark
- Professional's Choice
- Sorel
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | August 2022 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 2.7 billion |
| Forecasted Market Value ( USD | $ 4.1 billion |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
