Portland, OR, Sept. 27, 2022 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global horse riding apparel market generated $2.7 billion in 2021, and is estimated to reach $4.1 billion by 2031, witnessing a CAGR of 4.5% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chain, regional landscape, and competitive scenario. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
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Report coverage & details:
| Report Coverage | Details |
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $2.7 Billion |
| Market Size in 2031 | $4.1 Billion |
| CAGR | 4.5% |
| No. of Pages in Report | 300 |
| Segments covered | Type, Gender, Distribution Channel, and Region |
| Drivers | Rise in the number of men and women participating in horse riding activity |
| Consumer spending on leisure sports | |
| Inclusion of the sport in school and college sports curriculum | |
| Rise in disposable income of consumers | |
| Opportunities | Expansion of equestrian institutions such riding yards, welfare organizations, and riding schools |
| Restraints | Availability of counterfeit goods |
Covid-19 Scenario:
- The outbreak of the COVID-19 pandemic led to the shutdown of all factories and manufacturing units, thereby hampering the overall production and sales of the horse riding apparel market.
- The market witnessed a steady rise in the past years. However, due to a halt on all sports and sport-related activities during the pandemic, the growth of the sports equipment and apparel market was hampered.
- However, with the pandemic receding, the sports and gaming events have resumed and the market is growing steadily.
The report offers detailed a segmentation of the global horse riding apparel market based on type, gender, distribution channel, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on type, the clothes segment held the largest share in 2021, contributing to around one-third of the global horse riding apparel market, and is likely to maintain its leadership status during the forecast period. The report also offers an analysis of boots and gloves segments.
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Based on gender, the male segment held the largest share in 2021, accounting for around three-fifths of the global horse riding apparel market, and would rule the roost through 2031. However, the female segment is estimated to witness the fastest CAGR of 5.1% during the forecast period.
Based on distribution channel, the sports retail chain segment held the largest share in 2021, accounting for more than one-third of the global horse riding apparel market, and would rule the roost through 2031. However, the supermarkets & hypermarkets segment is estimated to witness the fastest CAGR of 4.8% during the forecast period.
Based on region, the market in Europe was the largest in 2021, accounting for more than one-third of the global horse riding apparel market, and is likely to maintain its leadership status during the forecast period. However, the LAMEA region is expected to manifest the highest CAGR of 4.8% from 2022 to 2031. The other regions analyzed in the study include North America and Asia-Pacific.
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Leading players of the global horse riding apparel market analyzed in the research include 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., and Whitaker International Ltd.
The report analyzes these key players of the global horse riding apparel market. These players have adopted various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments by every market player.
About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
