A recent Fact.MR study foretells about the motocross gears market to achieve an expansion rate of 4.9% CAGR over the forecast period (2018-2028).
Rockville, MD -- (SBWIRE) -- 12/06/2018 -- The demand for motocross gears is rising with the mild growth opportunities across the globe due to its high importance for the safety of the rider and the gaining popularity of the motocross races. The surge in the participation of motocross races in the Asia Pacific is expected to rub off on demand for motocross gears, thus complementing the market growth of motocross gears. Use of latest technologies such as GPS and Bluetooth-enabled helmets has impacted the motocross gears manufacturers and has led to an increase in the demand for product innovation using advanced technology.
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In a recent Fact.MR study, motocross gears market has been evaluated at US$ 1320 Mn in 2017 as per the latest market trends and the encouraging nature of motocross gears market. International Motorcycling Federation (FIM), which conducts all the motorcycle races, has launched many championships and races that play a vital role in the growth of motocross gears market. The study predicts the motocross gear market to achieve 4.9% CAGR through 2028.
Motocross Gears Market – Massive Fan Base for the Sport Continue to Support Market Growth
Dirt bike racing is one of the most exciting sport in North America & Europe. It not only provides a thrilling experience but also acts as a stage for the meeting of like-minded people. Rising popularity of the Motocross races in the Asia Pacific and MEA has opened a vast customer base for the motocross gears manufacturing sector.
The steady growth in the dirt bike fleet and motorcycle production rate has also impacted the motocross market. Some of the prominent players in the manufacturing of motocross gears are using Kevlar, Cordura and other best protective material to provide maximum protection to the rider. The growth in the motocross market is observed by growing awareness in motocross enthusiast for the safety of the riders. Motocross associations and clubs are particular about participants wearing protective gears during races. The rapid increase in the adoption of tech-enabled safety gears has translated into significant demand for motocross gears, thus fueling the growth of the market.
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Motocross Gears Market – Physical Fitness for Participation
Rising number of international players in motocross race championships has been observed as the key motivator for the motocross gears market. Rise in international players in different countries allows the manufacturers to target new customer base as per the growing popularity of the sport in the region by enhancing the motocross gears product portfolio. Motocross is a physically demanding sport and requires the rider to have a good physique. Many health benefits from motocross race like endurance, increased strength, balance, brain stimulation and good posture, etc. has led many parents to introduce motocross racing to their kids at a tender age leading to high demand for motocross races.
Booming e-commerce industry has provided a new revenue area for the worldwide motocross gears manufacturers. The availability of leading brands with the latest trends through e-commerce channels has been of particular significance of revenue. Diversified sales channel has not only catered to the rural areas of developing economies but has also penetrated new demographics for the motocross gears market.
Despite being an unorganized market, motocross market is expected to have an intense competition between the new entrants and the existing players. Key players in motocross gears market include Alpinestars Spa, O'Neal, Fly racing, LeMans Corporation, Motorsports aftermarket ltd. and Scott sports. These firms are implanting strategies, such as increase in product reach, partnerships, and acquisitions of local and emerging players to hold a strong position in the motocross gears market.
Prominent manufacturers are focusing on smart gears due to its increasing demand among the players. Helmets are being integrated with Bluetooth facilities and Wi-Fi capabilities to improve the safety and efficiency of the motocross gears. Counterfeit products are one of the major challenges for the motocross gears market. Product innovations and development through technology in motocross gears is expected to create growth opportunity for the motocross gears market.
Motocross Gears Market – Increase in Women Participation in Motocross races
Involvement of women in sports has increased significantly affecting the sales of motocross gears. Motocross gears manufacturers are adding stylish products to their portfolio to attract female riders. Motocross clubs and associations have witnessed a rise in children participation, thereby creating a growth opportunity for motocross gears market.
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Table of Content:
Global Motocross Gears Market – Executive Summary
1.1. Opportunity Assessment
1.2. Winning & Losing Components
1.3. Wheel of Fortune
Global Motocross Gears Market Outlook Overview
2.2. Market Definition
2.3. Scope of Report
2.4. Mega Trends
3.1. Key Growth Drivers
3.2. Market Challenges
3.3. Industry Trends
3.4. Motocross Gears Market Growth opportunities
Associated Industry and Key Indicator Assessment
4.1. Supply Chain
4.2. Investment Feasibility Matrix
4.3. Porter's Five Forces Analysis
4.4. PEST Analysis
4.5. Cost Structure Analysis
4.6. Forecast Scenario
4.7. Forecast factors and Relevance of Impact
4.8. Product Life Assessment
4.9. Global Motocross Gears Market – Price Point Analysis
4.9.1. Price Point Assessment by Product type, 2017
Global Motocross Gears Market Analysis (2013-2017) and Forecast (2018-2028)
5.1. Global Motocross Gears Market Outlook
5.1.1. Global Market Value (US$ Mn) Forecast and Analysis
5.1.2. Regional Demand Assessment
18.104.22.168. Market Value Share by Region
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