According to a new report, published by KBV research, The Global Horse Riding Equipment Market size is expected to reach $2.7 billion by 2030, rising at a market growth of 3.7% CAGR during the forecast period.
The Sports Retail Chain segment is showcasing a CAGR of 3.2 % during the forecast period. Manufacturers are continually attempting to increase the shelf visibility of their products, and as a result, they are focusing primarily on sports retail chains. Consequently, sports retail chains carry a greater selection of helmets and other horse riding equipment. Furthermore, the sports retail chain offers options like discounts along with the advantage of immediate gratification, which contributes toward the growth of the horse riding equipment market.
The Male segment is leading the Global Horse Riding Equipment Market by Gender in 2022 thereby, achieving a market value of $2.4 billion by 2030. The market has benefited from the growing awareness of the importance of safety in horseback riding, with male riders investing in certified helmets and protective gear. Additionally, male riders participating in various equestrian sports, such as show jumping, dressage, or eventing, have driven the demand for specialized equipment designed to enhance performance.
The Stirrup segment has shown the high growth rate of 4.6% during (2023 - 2030). The stirrup is a crucial horseback riding equipment that helps the rider keep their balance and adopt the proper posture. Stirrup runs automatically on its own. The stirrups help the rider control and maintain appropriate balance when riding, but they may be removed if the rider wants to avoid being pulled on the ground. It is designed explicitly for eventers and young riders and comes in a wide variety of variations, styles, pricing points, and models in vibrant colors.
The Europe region dominated the Global Horse Riding Equipment Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $930.6 million by 2030. The North America market is anticipated to grow at a CAGR of 3.5% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 4.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/horse-riding-equipment-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Decathlon S.A. (Asociacion Familiale Mulliez) (Oxelo), Ariat International, Inc., Dainese S.p.A, Colonial Saddlery, Fabtron, Inc., HKM Sports Equipment GmbH (Finatem investment company), CAVALLO Albert Sahle GmbH Co. KG, Mountain Horse Int. AB, Antarès distribution, and Georg Kieffer Sattlerwarenfabrik GmbH.
By Sales Channel
By Gender
By Type
By Geography
Companies Profiled
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