Wilmington, Delaware, United States, March 22, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. – The global equestrian apparel market was estimated to attain a global market valuation of US$ 6.0 Billion in the year 2022. With a steady CAGR of 5.5% during the forecast period of 2023 to 2031, the market is anticipated to reach US$ 9.7 Billion by 2031.
Several horse riding clubs in the UK have seen a rise in the number of riders, as well as 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 have increased.
The development of the worldwide equestrian apparel industry is fueled by consumer spending on leisure sports, the opening of new riding clubs and yards, and the inclusion of the activity in schools' and universities' curricula.
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Growing millennial interest in horse riding activities and rising disposable income are the main drivers propelling the growth of this industry. Companies have stated that one of the reasons for investing in this market is the availability of branded goods, underscoring the fact that customers search for these names while looking for high-quality accessories. These accessories include clothing, helmets, boots, and gloves worn while riding a horse. As a result of the high-quality fabrics and designs used, equestrian apparel is typically pricey. As a result, these clothes are becoming more popular on the international market due to their exceptional quality.
The worldwide equestrian apparel market is mostly driven by female applications by customer groups. These kinds of outfits and accessories are used for formal events like polo matches, horse races, or show jumping competitions. The desire for riding apparel with unique elements on leg sleeves as well as vests to assist the rider's posture is higher among female riders. Female riders need a fabric that is lower in weight, flexible for fast movements, and sturdy enough to not shred easily or get trapped during high-speed sports because they are slenderer than male riders.
Key Findings from the Report
- The global market for equestrian apparel is expected to garner a 5.5% CAGR from 2023 to 2031.
- Europe is expected to be the most lucrative region as per its market size for equestrian apparel in 2023.
- In 2022, the top-wear segment by product type held the largest segment.
Global Equestrian Apparel Market Trends
- Increased social media and internet access will help raise public awareness of equestrian apparel
- The horse riding association has enhanced safety due to the increase in both men and women participating in equestrian sports, and the increase in spine and rib injuries while riding horses has raised awareness among riders regarding the usage of equestrian apparel.
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Global Equestrian Apparel Market: Regional Landscape
- Over the projection period, Europe held the biggest market share for equestrian apparel. The area is predicted to have the biggest demand for these clothing markets. Large enterprises in this area have an impact on market participants including Georg Kieffer Sattlerwarenfabrik GmbH, Decathlon S.A., and Mountain Horse. In the region, these businesses promote horseback riding, which is predicted to further drive market development throughout the forecast period.
Global Equestrian Apparel Market: Key Players
Some of the key players in the global market for equestrian apparel are:
- Ariat International Inc.
- Cavallo
- Charles Owen
- HKM Sports Equipment GmbH
- Horseware Ireland
- Horse Health Wealth Ltd
- Noble Equestrian
- Mountain Horse
- Ladyhall Inc.
Some developments by the key players are:
- For optimal stability, flexibility, and high-impact traction, Ariat's "Country Tall Boot Collection" footwear combines "ATS Pro technology" with "Poron XRD." These boots are available for both men and women.
- The "Charlotte Collection" by Kastel Denmark is a quarter-zip riding jersey that contains UV-protecting fabric, breathable mesh strips on the arms, and stylish aesthetics. Both men's and women's versions of this series shirt are offered in all colors.
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Global Equestrian Apparel Market: Segmentation
By Product
- Top Wear
- Show Shirts
- Polo Shirts and Tops
- Show Jackets
- Others
- Bottom Wear
- Breeches/Riding Pants
- Tights
- Others
By Apparel
- Sustainable
- Unsustainable
By Category
- Professional riders
- Recreational riders
By Consumer Group
- Men
- Women
- Children
By Price Category
- Low
- Medium
- High/ premium
By Distribution Channel
- Online
- E-Commerce Websites
- Company-owned Websites
- Offline
- Hypermarkets
- Specialty stores
- Others
By Region
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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