Riding Gear Market Trends, Challenges & Strategic Recommendations

Riding Gear Market Playbook, Growth Opportunities & Trends

The riding gear market is anticipated to grow from USD 8.17 billion in 2025 to USD 11.25 billion by 2034, with a compound annual growth rate (CAGR) of 3.65% during the forecast period from 2025 to 2034.

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Introduction

The riding gear market is an integral sector of the automotive aftermarket industry. This industry deals in manufacturing and distribution of riding gears around the world. There are several types of products manufactured in this industry comprising of protective clothing, helmets, gloves, footwear, accessories and some others. These products are developed using different materials consisting of leather, textile, synthetic, carbon fiber, mesh and others. It is designed for numerous driving styles including cruiser, sport, touring, off-road, adventure and others. The growing sales of electric bikes in different parts of the world has contributed to the industrial expansion. This market is projected to rise significantly with the growth of the two-wheeler sector across the globe.

• According to the government of India, around 682937 electric two-wheelers were sold in India during 2022-23 that increased to 910930 in 2023-24.

Highlights of the Riding Gear Market

• North America held the dominant share of the riding gear market due to the growing demand for superbikes in this region.
• Europe is expected to grow with a significant CAGR due to the rising sales of electric bikes in this region.
• The protective clothing segment dominated the market due to its rapid adoption of these apparels for protecting riders from serious injuries.
• The men riding gear segment led the market due to the increasing interest of men towards biking activities.

Riding Gear: Trends and Figures

• According to the Insurance Institute for Highway Safety, the number of on-road motorcycles registered in U.S. during 2023 reached 8.8 million.
• According to the Ministry of Transport of New Zealand, there were around 58 fatal crashes of motorcyclists in 2023 across the country.
• The riding gear companies are investing heavily for developing superior quality riding gears for riders around the world. For instance, in December 2024, Steelbird announced to invest Rs 250 crores. This investment is done for manufacturing high-quality helmets in Hosur, Tamil Nadu.
• The government of several countries are launching initiatives for increasing their awareness in road safety across the globe. For instance, in June 2024, the government of India announced partnership with UN. This partnership is done for increasing awareness among bike riders for reducing road fatalities.

Industry Leader Announcement

In September 2024, Massimo Ciocca, the CEO of MOMO S.r.l. made an announcement stating” We are proud to collaborate with Logitech G, bringing together the unmatched legacy of MOMO in motorsports with the cutting-edge innovation of Logitech G. This union of two excellence-driven brands is poised to set a new standard for sim racers, delivering a product that is deeply rooted in racing tradition yet perfectly crafted for modern-day competition.”

Competitive Landscape

The riding gear market is a fragmented industry with the presence of several dominating players. Some of the prominent market players in this industry consists of Fox Racing, AGV, Icon, Rev'it, Shift Racing, Honda, Royal Enfield and some others. These market players are constantly engaged in developing superior quality riding gears and adopting strategies such as product launches, partnerships and some others for maintaining their dominance in this industry.

• According to the annual report of Royal Enfield, the revenue of non-motorcycling segment in 2022 was Rs 1395.07 crores that increased to Rs 1855.07 crores in 2023.

Market Segmentation

By Type

• Protective Clothing
• Helmets
• Gloves
• Footwear
• Accessories

By Material

• Leather
• Textile
• Synthetic
• Carbon Fiber
• Mesh

By Riding Style

• Cruiser
• Sport
• Touring
• Off-Road
• Adventure

By Gender

• Men
• Women
• Unisex

By Region

• North America
• Europe
• South America
• Asia Pacific
• Middle East and Africa