Rockville, Jan. 06, 2023 (GLOBE NEWSWIRE) -- The global motocross gears market garnered a market value of US$7255.7 Million in 2022 and is expected to accumulate a market value of US$15233 Million by registering a CAGR of 7.7% in the forecast period 2023-2033.
Significant increase in outdoor sports activities, including motocross riding in the recent past has influenced the growth trajectory of the global motocross gear market. Also, with the increasing adventure sports and motocross events, the awareness regarding safe riding practices will boost the demand in the global motocross gear market in coming years.
Download Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=1258
As motocross riding has grown in popularity has acquired immense popularity, so has the demand for diverse riding and protective gear has increased. As a result, demand for motocross boots, helmets, and other protective gear is rapidly increasing. The initiatives conducted by the government, non-government and private organizations to raise awareness about safe motocross racing are projected to improve motocross gears demand in the future.
North American America market accounted for the largest share globally and is likely to retain its dominance during the forecast period. Increasing public interest in motocross riding, as well as advancements in manufacturing hubs, are helping the region's growth.
Key Takeaways from Market Study
- The global motocross gears market demand is likely to surge at a 7.7% CAGR during the forecast period.
- North America dominates the global motocross gears market.
- Speciality store segment accounts for a CAGR of 7.6% during the forecast period.
- Riding Gear segment is anticipated to account for a CAGR of 7.5%
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=1258
Competitive Landscape
The industry is characterized by the presence of a few established players and new entrants. Key companies are diversifying their product offering to maintain their share and position in the global industry. Some of the key players operating in the global motocross gears market include Scott Sports Aero Stitch, Fox Racing, Answer Racing, AGVSports America LLC, FLY Racing Jackets, Joe Rocket Jackets, Ride Icon, Dainese, Shift MX.
With the competition getting fiercer, key players in the global motocross gear market are diversifying their products in order to target a broader range of potential consumers. For instance,
- FLY Racing Jackets launched its new range of products - New Formula CC with Adaptive Impact System (AIS), LITE Performance Gear with BOA System, and others, in 2021.
- Aero Stitch launched its new extensive range of products - AeroStitch Helmet & Suit Holder, AeroStitch FixnZip, and others, a couple of years back.
- In October 2020 – Aero stich launch Aerostich Electric Warmbib, it’s an ultra-lightweight and compact way to have comfortable warmth on every cool weather ride. Covers your chest keeping your torso cozy warm, which keeps the rest of the body warm via circulating warmed blood to extremities.
Prominent Players in The Global Market
- Scott Sports
- Aero Stitch
- Fox Racing
- Answer Racing
- AGVSports America LLC
- FLY Racing Jackets
- Joe Rocket Jackets
- Ride Icon
- Dainese
- Shift MX
Get Full Access of Complete Report:
https://www.factmr.com/checkout/1258
Key Segments Covered in the Motocross Gears Industry Report
- By Product :
- Riding
- Jerseys
- Jackets
- Pants/Shorts
- Protective Gears
- Guards (Knee Brace, Neck Brace, Gloves, and Others)
- Armored Jackets
- Boots
- Helmets
- Riding
- By Sales Channel :
- Franchised Stores
- Specialty Stores
- Direct-to-Customer Channels
- Third-party Online Channels
- By Demographics :
- Men
- Women
- Kids
- By Region :
- North America
- Latin America
- Europe
- Middle East and Africa (MEA)
- East Asia
- South Asia
- Oceania
The increasing need for various riding and protective motocross gear, such as jackets, jerseys, boots, and helmets, and others is creating lucrative growth opportunities for the motocross gear market. An increasing number of motocross training schools, racing championships, and equipment producers propels market growth.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the athletic tapes market, presenting historical demand data (2018-2022) and forecast statistics for the period of 2023-2033.
The study divulges essential insights on the motocross gears market analysis report Market by Product (Riding & Protective Gears) By Sales Channel (Franchised Stores, Specialty Stores, Direct-to-Customer Channels & Third-party Online Channels) By Demographics (Men, Women & Kids) by Region - Global Forecast 2023-2033
Check out more related studies published by Fact.MR Research:
Automotive Gear Shift System Market - Resurgence in the sales of automobiles during the 2013-2017 period bolstered automotive gear shift system market growth which witnessed a CAGR of 3.7% during the period. Burgeoning demand for automobiles in both developing and developed economies coupled with the growing production of electric vehicles is expected to fuel automotive gear shift system market proliferation
Automotive Electric Power Steering Market - An automotive electric power steering comprises of an electric motor to assist during the driving of a vehicle. Sensors detect the position and torque of the steering column, and a computer module applies assistive torque via the motor, which connects to either the steering gear or steering column. Automotive electric power steering offers more assistance than traditional hydraulic power steering through the use of an electric motor.
Automotive Automatic Transmission Market - The global automotive automatic transmission market is likely to be valued at US$ 70.34 Billion in FY 2022, up from US$ 65 Billion in 2021. During the past year, the industry registered a Y-o-Y increase worth 8.2%. From 2022 to 2032, the automotive automatic transmission industry is poised to flourish at a CAGR of 8.2% to reach a value of US$ 155 Billion by the end of 2032.
Automotive Transmission System Market - Global demand for automotive transmission systems is likely to surpass US$ 38 Bn by the end of 2021. Furthermore, the market is anticipated to reach US$ 70.2 Bn by the end of the 2021-2031 assessment period, experiencing an incline of 1.8x. Preference for manual transmission systems will remain dominant, attributed to increasing fuel efficiency requirements.
Clutch Pedal Kit Market - According to the latest research from Fact.MR, the clutch pedal kit market is expected to expand at a CAGR of 4% to 6% between 2021 and 2031. Though due to COVID-19 pandemic the overall sales were hampered and the demand drastically declined during 2020.
About Fact.MR
We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client’s satisfaction.
Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
E: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog
