Strict Government Regulations Regarding Safety will Boost the Motorcycle Gear Market
According to a new report published by Reports Monitor titled, “Motorcycle Gear Market by Type and End-User: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the Motorcycle Gear market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
In last two decades, there has been interminable rise in number of road accident. Motorcycle gears ensure safety. They act as a shield for rider from any sort of incident, whether protection and crash evasion. The motorcycle gear market is expecting a healthy growth in coming future. Factors majorly driving the growth of the market include perpetual demand in motorcycle sale owing advanced technology, modernization and inventive alterations in bikes structure. Constantly made efforts by manufactures to infatuate customers and rising popularity of motorcycles amidst youth propels the growth of the market. However, high cost of riding appeals and duplicity of original equipment may hinder the development of the market.
The global motorcycle gear market has been segmented majorly on the basis of type, end users and region. On the basis of type the market is segmented as gloves, helmet, jackets, footwear, pants, safety and suits. By end-user the market is segmented as men and women.
Geographically, the global motorcycle gear market is segmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific region is expecting a healthy growth owing to increasing awareness among the people, strict government regulations, and increasing per capita income. Whereas, The LAMEA holds the least share in the market due to limited expenditure and presence of poor economies.
A number of different players are involved in the market. However, the market is dominated by top companies. Prominent players operating in the market adopting strategies such as collaboration and partnership along with new product launch to infiltrate strong foothold within the market. Major companies in the market include AlpineStar, Arai, Belstaff, Dainese, Fly Racing Jackets, Fox Racing, Rev’it, Shoei, Spartan ProGear Co., and SPIDI.
AlpineStar lately launched its 2016 motorcycle gear and products collection with 50 new or significantly updated on and off-road products that include motorcycle boots motorcycle gloves, motorcycle jackets, motorcycle pants and motorcycle suits. They have also introduced Tech Air Race airbag system which is track oriented and Tech Air Street airbag systems exclusive for customers.
Bell helmets recently displayed its street line of racing helmets, which are chock-full of safety features like their flagship flex system and multi-directional impact system. For some advanced improvement, bell helmets have made a partnership with Roland Sands to design striking new graphics and color designs.
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