The global Motorcycle Apparel Market size is projected to reach a CAGR of 7.0% from 2023-2030.
Motorcycle protective gear refers to products that are designed to avoid fatal injuries while riding a bike. The gears protect the rider from any kind of casualties while riding by assuring safety, security, and a better riding experience. Moreover, the gears also protect the riders from rain, snow, cold, or wind. The gears also give better vision clarity, style, proof of identity, and others.
The demand for motorcycle gear has seen a rise due to the rising number of road accidents that have been caused as a result of rash and inattentive driving. Another reason for this uptick in the market is that riders are nowadays opting for high-visibility motorcycle gear which allows for better visibility at night and reduces the risk of accidents. Governments all over the world have passed laws road safety laws making helmets compulsory for riders to promote their safety. There is also a heavy fine imposed on them for violating these laws which are made for their own benefit. Such factors in tandem are responsible for driving the growth of the motorcycle protective gear market.
On the other hand, a rise in the price of raw materials along with the manufacturing cost of protective gear and motorcycle protective gears being expensive cannot be afforded by the lower income segment is expected to hamper the growth of the market.
Due to the COVID-19 pandemic, the demand for motorcycle protective gear has fallen since, due to travel restrictions people are staying at home so the demand for motorcycle protective gear has been disrupted across the globe. The vendors in the motorcycle protective gear industry across the globe are being affected severely due to the restrictions on producers as well as the declared lockdowns which in turn is affecting the motorcycle protective gear manufacturers worldwide. As governments all over the world have declared lockdowns over the past few months, the demand and supply cycle of motorcycle protective gear manufacturers has become vulnerable. Motorcycle protective gear is an evolving sector that is hampered due to an ongoing pandemic, because of which all types of production and sales across the affected countries have been shut down. The majority of motorcycle protective gear manufacturers are facing major issues such as the closure of factories and unavailability of the workforce due to the lockdowns which further affects production as well.
The motorcycle apparel market is expected to witness steady growth in the coming years due to the increasing popularity of motorcycling as a leisure activity and the rising demand for safety gear. Motorcycle apparel not only provides protection to riders but also enhances their style quotient, driving the demand for fashionable and trendy gear. With advancements in technology and materials, motorcycle apparel manufacturers are now focusing on creating gear that is not only functional but also comfortable and durable. The market is also being driven by the growth of e-commerce platforms, which make it easier for consumers to purchase motorcycle apparel from the comfort of their homes. Overall, the future of the motorcycle apparel market looks promising, with opportunities for growth and innovation in the years to come.
Asia Pacific to Dominate the Market
