India Ride Gear Market to Grow at 12% through 2023
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 Ride Gear Market By Product Type, By End Use Application, Competition Forecast
& Opportunities, 2013 - 2023”, India
ride gear is
projected to cross $ 43.6 million by 2023 on account of rising sales of higher
capacity motorcycles and growing safety concerns among people. Moreover, number
of motorcycle clubs in India is also rising, which is fuelling demand for ride
gears as these clubs follow the required safety standards. Furthermore,
increasing penetration of premium international motorcycle as well as ride gear
brands coupled with increasing availability of advanced riding gears that
provide better protection is further anticipated to fuel growth in India ride
gear market during the forecast period.
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7 market data Tables and 41 Figures spread through 88 Pages and an
in-depth TOC on "India Ride Gear Market"
https://www.techsciresearch.com/report/india-ride-gear-market/3394.html
With an
increasing volume share of more than 50% in 2017, riding gloves segment dominated
India ride gear market,
followed by riding jackets and riding boots. The dominance of the riding gloves
segment is led by their comparatively cheaper pricing and easy availability in
India. Moreover, due to their high affordability, gloves are also preferred by people
for daily commuting purposes. In 2017, Rynox Gears was the leader in India ride gear market,
followed by Spartan ProGear Co. and Royal Enfield. Additionally, many premium
international ride gear manufacturers
are continuously working to intensify and expand their business operations in
India, and thereby enhancing the quality of their products and expanding their
product portfolio.
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“Rising presence of premium international brands as well as growing
product portfolios of various companies such as Rynox, Tarmac, Spartan ProGear,
Mototech, Royal Enfield, etc., coupled with their increasing focus on research
and development to design and manufacture innovative, affordable and
sophisticated ride gear
is expected to fuel growth in India ride gear market over the course of next
five years. Moreover, growing sales of higher capacity motorcycles along with rising per
capita income is further anticipated to augment demand for ride gear across
India in the ensuing years.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“India
Ride Gear Market By Product Type, By End Use Application, Competition Forecast
& Opportunities, 2013 - 2023” has analyzed the potential of India ride
gear market and provides statistics and information on market
sizes, shares and trends. The report will suffice in providing the intending
clients with cutting-edge market intelligence and help them in taking sound
investment decisions. Besides, the report also identifies and analyzes emerging
trends along with essential drivers and key challenges faced by India ride gear
market.
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