Horse Riding Apparel Market to Grow with a CAGR of 4.7% through 2029
Rising
popularity of equestrian sports and innovation in materials are driving the
Global Horse Riding Apparel Market in the forecast period 2025-2029.
According to TechSci
Research report, “Horse Riding Apparel Market - Global Industry Size, Share,
Trends, Competition Forecast & Opportunities, 2029F”, the Global Horse
Riding Apparel Market stood at USD 2.92 Billion in 2023 and is anticipated to
grow with a CAGR of 4.7% through 2029F. The global horse
riding apparel market has experienced significant growth, shaped by a
combination of factors that reflect the evolving dynamics of equestrian sports
and the broader consumer landscape. One primary driver is the rising popularity
of equestrian sports worldwide. Equestrian events, such as horse racing, show
jumping, and dressage, have gained global recognition, contributing to an
increased interest in horseback riding as both a competitive sport and a
leisure activity. This surge in popularity has propelled the demand for
specialized riding apparel, including breeches, jackets, helmets, boots, and
gloves, designed to provide comfort, safety, and style for riders.
Fashion trends
and the influence of equestrian events on mainstream style constitute another
driving force behind the global horse riding apparel market. The attire worn by
riders has become a source of inspiration for fashion enthusiasts, resulting in
a crossover between equestrian fashion and everyday clothing. Manufacturers are
responding to this trend by offering riding gear that not only meets
performance and safety standards but also aligns with contemporary fashion
trends. The market is characterized by innovation, with manufacturers
incorporating advanced materials and technologies to enhance the performance
and durability of riding gear, reflecting the continuous evolution of
equestrian culture.
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"Global Horse Riding Apparel Market”
The global
expansion of equestrian tourism is also contributing to the growth of the horse
riding apparel market. Equestrian tourism involves travel experiences centered
around horse-related activities, such as trail riding and horse safaris.
Tourists engaging in horse riding activities often require specialized gear,
driving the demand for horse riding apparel. This trend has prompted
manufacturers to develop travel-friendly and versatile products to cater to the
needs of the growing equestrian tourism market. The market is not only shaped
by local preferences but also by the global appeal of equestrian activities,
making it necessary for manufacturers to understand and adapt to diverse
cultural and geographical factors.
The increasing
disposable income in developing countries is another key driver of the horse
riding apparel market. As economies grow, consumers in these regions have more
spending power, leading to increased investments in leisure and recreational
activities, including horseback riding. This economic shift has broadened the
market for horse riding apparel in countries where equestrian sports were
traditionally limited to specific elite circles. The accessibility of horseback
riding as a recreational activity has widened, contributing to a more diverse
customer base for riding gear. Manufacturers are adjusting their strategies to
meet the needs and preferences of consumers in these emerging markets.
While the global
horse riding apparel market has witnessed significant growth, it is not without
challenges. High manufacturing costs and the need to maintain competitive
pricing present a persistent challenge for industry players. The use of quality
materials and adherence to safety standards contribute to elevated production
expenses. Striking the right balance between producing high-quality products
and ensuring affordability for consumers remains a complex task. Limited
accessibility and distribution channels pose another challenge, particularly in
regions where equestrian sports are not deeply ingrained in the culture.
Overcoming this hurdle requires strategic expansion of distribution networks,
partnerships with local retailers, and an increased focus on online platforms
to make horse riding apparel more widely accessible.
The horse riding apparel market is
experiencing surge in demand through online sales channels. Equestrians are
increasingly turning to digital platforms for the convenience and extensive
variety they offer. With the ease of browsing and purchasing from anywhere,
coupled with swift delivery services, online retailers are meeting the needs of
riders worldwide. This surge underscores a shift towards digital commerce in
the equestrian industry, promising continued growth in online horse riding
apparel sales.
In conclusion,
the global horse riding apparel market is a dynamic and evolving sector
influenced by a combination of drivers and challenges. The rising popularity of
equestrian sports, the impact of fashion trends, global equestrian tourism,
increasing disposable income, and continuous innovation are propelling the
market's growth. However, industry players must navigate challenges such as
high manufacturing costs, limited accessibility, and intense competition to
ensure sustained success in this vibrant market.
Major companies
operating in Global Horse Riding Apparel Market are:
- Antares Distribution
- Ariat International, Inc.
- Cavallo GmbH & Co. KG
- COMFG Ltd
- Decathlon S.A
- HKM Sports Equipment GmbH
- Horseware Products Limited
- Justin Brands, Inc.
- Phoenix Performance Products
Inc
- Professional's Choice Sports
Medicine Products, Inc.
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“Sustainable
materials and eco-friendly practices is expected to have an impact on growth
over the forecasted period. Rising popularity of equestrian sports and
innovation in materials will positively impact the Global Horse Riding Apparel
Market. Due to the wide range of products available to meet specific needs of,
as well as the growing popularity of the online sales channel, the market is
growing at impressive rate through projected period”, said Mr. Karan Chechi,
Research Director of TechSci Research, a research-based management consulting
firm.
“Horse Riding Apparel Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Type (Clothes, Boots, Gloves, Others), By Distribution Channel (Online, Offline), By Region, By Competition, 2019-2029F”, has evaluated the future growth
potential of Global Horse Riding Apparel 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 Global Horse Riding Apparel Market.
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