Equestrian Equipment Market Extensive Growth Opportunities to be Witnessed by 2028
Fact.MR research shows that the promotional buyer type segment is expected to witness rapid expansion at a 4.3% CAGR through 2028.
[UKPRwire, Tue Apr 16 2019] Equestrian equipment are used in equestrian sporting activities, specifically manufactured for riders and equine. Various equestrian equipment such as saddle pads, horseshoes and protection boots, riding boots, helmets and protective vests are available. Material used in manufacturing of equestrian equipment include leather, aluminum, fabric and steel. Equestrian equipment are used across various equestrian sporting categories such as horse trails, recreational horse riding and jumping sports.
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The report on equestrian equipment market provides an in-depth assessment on the overall equestrian equipment market across key regions worldwide. The report includes key analysis from the equestrian equipment demand and sales perspective, revealing key revenue pockets across the globe. The report on equestrian equipment provides vital insights on major product types and their sales intelligence across various consumer segments. The equestrian equipment market report includes historical data analysis, current equestrian equipment scenario and future projections for a period of ten years, from 2018 till 2028.
Connected Equestrian Equipment to Provide a Significant Growth Impetus
New technologies in the equine space are being introduced that enable accurate measurements and recording of horse health that can be used by trainers. Smart equestrian equipment for the sport dedicated toward horse performance and care have largely impacted the market. Enthusiasts and professionals alike are inclined toward use of advanced novelties in the equestrian equipment space that provide metrics which are used to improve training methods. For instance, advanced synchronicity system displayed at BETA (British Equestrian Trade Association) enables assessment using sensors in reins that can measure riders contact with reins at every instant. Likewise, and advanced connected equipment that measures and records horizontal and vertical jump height, breathing rate, calories burned, minimum and average speeds and overall horse health. The information can be streamed using mobile application, with a feature of continuous run-time monitoring and analysis. Advanced equestrian equipment can be used by coaches to provide accurate assessment and correct imbalances in both the rider and the horse. This aspect is likely to influence demand for technologically advanced equestrian equipment in the forthcoming years.
Participation of Over 16 Million Individuals to spur Equestrian Equipment Sales
Sales of equestrian equipment is largely influenced by increasing investment of individuals in recreational sporting activity. Fast paced lifestyle of individuals has triggered rising participation of people in several recreational activities and equestrian sporting is no exception. Equestrian sporting has gained significant traction since the past few years marked by increasing participation of people at the global front. For instance, according to the American Horse Council, more than 2 million people from United States alone are engaged in the sport on an annual basis and the number is likely to increase in the coming years. Equine Business Association estimates that more than 16 million individuals worldwide are expected to participate in the sport. This factor is expected to pave potential growth pathways for equestrian equipment manufacturers, in turn impacting the market in the coming years.
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Significant Increase in Sales of Equestrian Equipment on the Back of Bourgeoning Equestrian Clubs
Realizing the growing preference for equestrian sport, number of equestrian clubs across the globe are increasing at a high rate. According to FEI (Federation for Equestrian Sports), the equestrian clubs sector has witnessed an upswing with developing countries at the forefront, particularly China. FEI estimates that number of clubs in developing countries have reflected an increase of six to seven percent in 2017 and the rate is likely to continue in the following years. This aspect is expected to complement the growth of equestrian equipment market throughout the period of forecast.
The report on equestrian equipment market includes detailed assessment on key manufacturers and suppliers of equestrian equipment across the globe. The section on competitive landscape provides insights on various developments, strategies and product portfolios of major companies operating in the equestrian equipment market. The equestrian equipment market report has profiled companies including but not limited to Ariat International, Dainese S.p.A, Cavallo GmbH, and HKM Sports Equipment GmbH.
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