Press Release

India Ride Gear Market to Grow with a CAGR of 7.44% in India through to 2029

The major drivers for the India Ride Gear Market are the growing popularity of two-wheelers and motorcycling as a recreational activity, and the increasing emphasis on rider safety and awareness, driving the demand for protective gear.

 

According to TechSci Research report, “India Ride Gear Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029”, the India Ride Gear Market stood at USD 59.61 Million in 2023 and is anticipated to grow with a CAGR of 7.44% in the forecast period, 2024-2029. The India Ride Gear Market is experiencing robust growth driven by multiple primary factors. One of the key contributors to this growth is the surging popularity of bike riding as a leisure and adventure activity. As more individuals embrace this recreational pursuit, the demand for ride gear has witnessed a significant upswing. There is a growing awareness among people about road safety, leading to an increased understanding of the importance of wearing helmets and other protective gear while riding. This heightened consciousness has been further reinforced by stringent government regulations mandating the use of such safety equipment.

Furthermore, the expanding middle class in India has emerged as a pivotal driver for the market. With rising disposable income and a strong inclination to invest in premium ride gear, this segment seeks enhanced comfort and safety during their rides. The middle class's preference for high-quality protective gear has become a substantial force propelling the market's growth trajectory.

Additionally, the burgeoning e-commerce sector in India has played a vital role in stimulating the market even further. With the advent of online platforms, consumers now enjoy easy accessibility and a wide variety of ride gear options. This seamless shopping experience empowers individuals with enhanced convenience and choice. Consequently, the e-commerce sector has become a catalyst for the overall expansion of the India Ride Gear Market.

Taking into consideration these factors, it becomes evident that the market's growth is influenced by a diverse range of drivers. These include the increasing popularity of bike riding as a recreational activity, the rising disposable income among the middle class, and the convenience offered by the thriving e-commerce sector. Each of these factors contributes to the market's upward trajectory, solidifying its position as a promising industry with immense growth potential.

 

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "India Ride Gear Market 

 

The India Ride Gear Market is a crucial component of the country's motorcycle and leisure industry. It offers a diverse range of products that cater to the safety, comfort, and style preferences of riders. This market encompasses a variety of gear, including helmets, jackets, gloves, boots, body armor, and accessories, providing riders with options suitable for different riding scenarios, from urban commuting to adventurous off-roading.

Safety is at the core of the India Ride Gear Market. Protective gear, particularly helmets, plays a pivotal role in ensuring rider safety. India has stringent safety standards and regulations governing the manufacture and use of helmets, emphasizing their critical role in reducing the risk of head injuries in accidents. Beyond helmets, the market offers a comprehensive range of protective gear, such as riding jackets, gloves, body armor, and boots, to provide riders with additional layers of protection.

Rider awareness regarding the importance of wearing protective gear has been steadily increasing. Safety campaigns, advocacy efforts by rider associations, and the enforcement of helmet laws have contributed to a heightened understanding among riders about the necessity of using proper gear. As a result, more riders are recognizing that wearing the right gear significantly reduces the severity of injuries in case of accidents, encouraging a safer riding culture.

The India Ride Gear Market is also witnessing a trend toward customization and personalization. Riders, particularly the younger generation, seek gear that not only offers protection but also aligns with their personal style and preferences. Manufacturers are responding by offering a diverse range of gear with various designs, colors, and branding options, allowing riders to express their individuality while staying safe on the road.

Additionally, the market is adapting to the rising popularity of adventure motorcycling and touring. With more riders exploring off-road terrain and embarking on long-distance journeys, there is a growing demand for specialized gear designed for these adventures. Products such as adventure helmets, multi-layered riding suits, and rugged boots are becoming prevalent, catering to the unique needs of adventurous riders seeking durability, protection, and all-weather versatility.

Sustainability and eco-friendliness are emerging as key considerations within the India Ride Gear Market. Manufacturers are increasingly incorporating eco-friendly materials and sustainable production practices into their gear, aligning with global efforts to reduce the environmental impact of manufacturing processes. This trend not only resonates with environmentally conscious riders but also reflects the industry's commitment to a greener future.

Lastly, the youth and women's segments of the market are experiencing significant growth. A new generation of riders, as well as an increasing number of female riders, is entering the market. This has led to the development of youth-oriented and women-specific gear, addressing differences in fit and style preferences. Inclusivity and the recognition of these diverse rider groups are expanding the customer base and reflecting the changing demographics of riders in India.

In summary, the India Ride Gear Market is characterized by its diverse product range, emphasis on safety and protection, increasing rider awareness, customization and personalization trends, the influence of adventure motorcycling and touring, sustainability and eco-friendliness, and the growth of the youth and women's segments. These market dynamics collectively contribute to an evolving and dynamic industry that caters to the multifaceted needs and preferences of riders in India.

 

Major companies operating in India Ride Gear Market are:

  • AGVSport
  • Alpinestars SPA
  • FLY Racing Jackets
  • Fox Racing Inc.
  • HKM Sports Equipment GmbH
  • Joe Rocket Jackets
  • Klim Technical Riding Gear
  • Kushitani Hamamatsu

 

Download Free Sample Report

Customers can also request for 10% free customization on this report.

 

“The primary drivers for the India Ride Gear Market are manifold. The growing popularity of bike riding as a leisure and adventure activity contributes significantly to the demand for ride gear. Furthermore, increasing awareness about road safety and stringent government regulations mandating the use of helmets and other protective gear while riding have also propelled the market. The burgeoning middle class, with its rising disposable income and propensity to spend on premium ride gear for better comfort and safety, is another key driver. Lastly, the burgeoning e-commerce sector in India provides easy accessibility and variety to consumers, further stimulating the market growth.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.

India Ride Gear Market India Industry Size, Share, Trends, Opportunity, and Forecast, 2019-2029, Segmented By Product Type (Gloves, Jacket, Boots and Others), By End Use Application (Amateur and Professional), By Country, Competition”, has evaluated the future growth potential of India Ride Gear Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India Ride Gear Market.            

 

Contact

Mr. Ken Mathews

Techsci Research LLC

420 Lexington Avenue, Suite 300,

New York, United States- 10170

Tel: +1-332-258-6602

Email: [email protected]

Website: www.techsciresearch.com

Relevant Reports

India Ride Gear Market By Product Type (Gloves, Jacket, Boots and Others), By End Use Application (Amateur and Professional), Competition, Forecast & Opportunities, 2019-2029

Automotive | Nov, 2023

The major drivers for the India Ride Gear Market are the growing popularity of two-wheelers and motorcycling as a recreational activity, and the increasing emphasis on rider safety and awareness, driving the demand for protective gear.

Relevant News

  • India Ride Gear Market to Grow at 12% through 2023

    Oct, 2018

    Rising consumer awareness about safety while riding two-wheelers along with growing sales of motorcycles to drive India ride gear market through 2023 According to TechSci Research report, “India Rid