Riding GearCompanies (2024 - 2029)

Riding Gear Market Companies Summary

The riding gear market has been negatively impacted by the COVID-19 pandemic, with production of bikes and riding gear halted due to global lockdown restrictions. However, as economies gradually reopen and lockdown measures are relaxed, interest in motorcycles is growing, particularly as people seek to avoid public transportation. This shift in consumer preference is expected to boost demand for bikes and riding gear by the second quarter of 2022. Furthermore, the entry of iconic bike brands into developing countries has helped to stimulate market growth. The market is also being driven by technological advancements in riding gear, such as Bluetooth-enabled helmets, and a growing awareness of road safety. The increase in disposable income is expected to lead to a rise in the purchase of premium motorcycles, which in turn will drive demand for motorcycle protective products. The penetration of advanced products and vendors in countries like India, China, and Australia is expected to further boost market growth. The rising popularity of motorsports and the increasing sales of helmets are also contributing to the market's expansion.