LONDON--(BUSINESS WIRE)--The global equestrian protective clothing market is expected to post a CAGR of over 2% during the period 2018-2022, according to the latest market research report by Technavio.
A key factor driving the growth of the market is the growing awareness and popularity of equestrian events. Equestrian or horse-riding events are extremely popular among consumers, especially among affluent consumers who consider horse riding and its events as a leisure time activity that has a status symbol associated with it. There are a large number of horse-rising events around the world, which attract consumers every year. Some of the popular horse-riding events are Land Rover Blair Castle International Horse Trials, which witnessed around 45,000 attendees in 2018. Under 25 Grand Prix Series 2018, Liverpool International Horse Show, and many other big events like Olympic Games and World Equestrian Games. All these events witness huge masses in attendance and attract more equestrian enthusiasts to buy protective clothing, which, in turn, would result in more sales in the global equestrian protective clothing market during the forecast period.
This market research report on the global equestrian protective clothing market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
In this report, Technavio highlights the rising popularity of equestrian clothing as a fashion statement as one of the key emerging trends in the global equestrian protective clothing market:
Global equestrian protective clothing market: Rising popularity of equestrian clothing as a fashion statement
Equestrian has always been a style statement for elite consumers of the society. In the past few years, equestrian enthusiasts have started considering equestrian clothing as a fashion statement. It is considered that the elegance of the equestrian atmosphere has become a criterion for style and fashion that go well beyond just the stables. For instance, Hermes built an empire on the sturdy saddle stitch and scarves, Ralph Lauren has a fledgling men’s wear line with the sport of kings. Therefore, with such initiatives, the market for equestrian protective clothing is expected to register a positive outlook during the forecast period.
“Growing number of start-ups for equestrian clothing and increasing interest in adventure sports are two other major factors that are expected to boost the growth of the global equestrian protective clothing market during the forecast period,” says a senior analyst at Technavio.
Global equestrian protective clothing market: Segmentation analysis
This market research report segments the global equestrian protective clothing market by end-user (recreational and professional), by product (clothing, boots, and helmets), and geographical regions (APAC, EMEA, and the Americas).
The EMEA region led the market in 2017 with a market share of more than 45%, followed by the Americas and APAC respectively. However, during the forecast period, the APAC region is expected to register the highest incremental growth, followed by the Americas.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
