Global Protective Motorbike Riding Gear Market 2017-2021
About Protective Motorbike Riding Gear
Motorcycles are one of the most vulnerable modes of transport. These vehicles are built with high-performance engines, which have volatile weight-to-weight torque ratio. These factors make motorcycle the most vulnerable machines on the roads, making riding them extremely risky and subject to caution. In the event of a crash or an accident, motorcycle riders lack the protection of an enclosed vehicle. Hence, the probability of being injured and even death is high. As motorcycles are equipped with high-performance engines and are usually more lightweight than passenger cars, they are relatively more volatile and risky than other vehicles. Hence, they require special attention in terms of rider safety.
Technavio’s analysts forecast the global protective motorbike riding gear market to grow at a CAGR of 4.75% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of global protective motorbike riding gear market 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Protective Motorbike Riding Gear Market 2017-2021
Technavio recognizes the following companies as the key players in the global protective motorbike riding gear market: Aero Design & MFG, Alpinestars, and Dainese.
Other Prominent Vendors in the market are: Belstaff, LeMans, Caberg, FOX, O'Neal, Arai Helmet, HJC, and SIDI.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Increasing number of women riders. The growth in the number of women motorcycle riders is one of the biggest shifts taking place in the motorcycle industry. Female biker clubs are becoming more popular as women are reaching out and supporting each other through these clubs and making riding more accessible. For instance, the women biker clubs in the US are Motor Maids, Hurricane Biker Girls, Leather and Lace.”
According to the report, one of the major drivers for this market is Increasing number of traffic fatalities. Road traffic injuries cause considerable economic loss to individuals, their families, and to nations. These losses arise from the cost of treatment and lost productivity for individuals that suffer from disability caused by injuries. Road traffic injuries and death rates were the highest in Africa in 2016. The number of accidents is not linked with the number of vehicles. Rather, they depend on the discipline of the drivers, safety features of the vehicles, and facilities for pedestrians. Fatalities are primarily caused by non-use of protective gear while driving, driving under the influence of alcohol, and other psychoactive substances.
Further, the report states that one of the major factors hindering the growth of this market is Greater market fragmentation due to unorganized market players. The market is highly competitive, with participants ranging in size from small companies focusing on a single type of product to large multinational corporations that manufacture and supply different protective gear. Hence, no single player has a major share in the market. The unorganized market is another challenge that does not allow a strong influence on the overall revenue. It also becomes difficult for the global players to expand geographically, owing to the presence of various well-established local brands in the market.
Aero Design & MFG, Alpinestars, Dainese, Belstaff, LeMans, Caberg, FOX, O'Neal, Arai Helmet, HJC, and SIDI.
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