India Ride Gear Market By Product Type (Gloves, Jacket, Boots and Others), By End Use Application (Amateur and Professional), Competition Forecast & Opportunities, 2013 - 2023

India ride gear market stood at around $ 21.4 million in 2017 and is projected to grow at a CAGR of more than 12% to surpass $ 43.6 million by 2023. The growing demand for riding gears in India is backed by rising awareness among people about the benefits of using riding gear, especially about how critical it can be in case of a mishap. Moreover, growing sales of higher capacity motorcycles coupled with increasing number of motorcycle clubs in India is further pushing demand for ride gears across the country. Additionally, advancements in ride gears and their increasing availability across India is likely to steer growth in the country’s ride gear market in the coming years.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

• To analyze and forecast the size of India ride gear market.
• To classify and forecast India ride gears market based on product type, end use application, region and company.
• To identify drivers and challenges for India ride gear market.
• To conduct the pricing analysis for India ride gear market.
• To identify and analyze the profiles of leading players involved in the manufacturing ride gear in India.

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Some of the major players operating in India ride gear market are Rynox Gears, Spartan ProGear Co., Royal Enfield, Solace Gears, Biking Brotherhood, Zeus Motorcycle Gear, Alpinestar S.p.A, Dream Sporting Gear, Cramster Gear Co., and H-D Motor Company Private Limited.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of ride gear distributors and dealers operating in India. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major ride gear companies across the country.

TechSci Research calculated the market size for India ride gear market using a bottom-up technique, wherein sales volume data of different riding gear types and end users, were recorded as well as forecast for the future years. TechSci Research sourced value & volume data from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as SIAM, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.   

Key Target Audience:

• Ride gear manufacturers, suppliers, distributors and other stakeholders
• Associations, organizations, forums and alliances related to ride gear industry
• Government bodies such as regulatory authorities and policy makers
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as ride gear suppliers, dealers and policy makers. The study would also help them to target the growing segments over the coming years (next two to five years), thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, India ride gear market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Market, by Product Type:
• Gloves
• Jackets
• Boots
• Market, by End Use Application:
• Amateur
• Professional
• Market, by Region:
• East
• West
• North
• South
• Market, by Company:
• Rynox Gears
• Spartan ProGear Co.
• Royal Enfield
• Solace Gears
• Biking Brotherhood
• Others

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India ride gear market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).