Motorcycle Apparel Market Size to Grow by USD 3.67 bn | Major Vendors Include AGV Sports Group Inc. and Alpinestars Spa | Technavio | State
NEW YORK, Dec. 2, 2021 /PRNewswire/ — The motorcycle apparel market is expected to be driven by factors such as the increasing number of road accidents, increasing demand for apparel such as helmets, jackets, shoes, and others, and the increasing government protocols regarding the usage of protective wear.
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The motorcycle apparel market value is anticipated to grow by USD 3.67 bn, progressing at a CAGR of 6.55% from 2021 to 2026.
Market Challenges
The increasing availability of counterfeit products is one of the major challenges faced by the motorcycle apparel market. The rising market prospects of motorcycle apparel and accessories are fueling the market for counterfeit motorcycle apparel. Such products are made of low-quality raw materials that are harmful to riders. The rising penetration of e-commerce has pushed the sales of counterfeit products and widened their geographical reach. It has become highly difficult for customers to distinguish between genuine and counterfeit products. Furthermore, counterfeit products are cheaper than genuine products, which is affecting the sales and pricing strategies of genuine vendors operating in the global market.
Company Profiles
Some of the companies covered in this report are AGV Sports Group Inc., Alpinestars Spa, Dainese Spa, Dunham Athleisure Corp., FLY Racing, Fox Racing Inc., KIDO Sports Co. Ltd., Polaris Inc., Spartan ProGear Co., and Vega Auto Accessories Pvt. Ltd. etc.
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Competitive Analysis
The competitive scenario given in the motorcycle apparel market report studies, assesses, and positions companies based on various performance indicators. A few of the factors considered for this analysis include the financial performance of companies over the last few years, growth strategies, new product launches, investments, product innovations, growth in market share, etc.
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Market Segmentation
- By application, the market is classified into road motorcycle apparel and off-road motorcycle apparel. The road motorcycle apparel segment contributes the highest share of the market owing to the increasing adoption of motorcycle apparel in North America and Europe.
- By geography, the market is classified into North America, Europe, APAC, South America, and MEA. North America will have the largest share of the market owing to the rising household final consumption, driven by the growing disposable income in the region.
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Motorcycle Apparel Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.55% |
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Market growth 2022-2026 |
USD 3.67 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.99 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 41% |
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Key consumer countries |
US, China, Germany, Canada, and UK |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
AGV Sports Group Inc., Alpinestars Spa, Dainese Spa, Dunham Athleisure Corp., FLY Racing, Fox Racing Inc., KIDO Sports Co. Ltd., Polaris Inc., Spartan ProGear Co., and Vega Auto Accessories Pvt. Ltd. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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SOURCE Technavio
