Motocross Gears Market Projected to Discern Stable Expansion During 2018 to 2028
The study predicts the motocross gear market to achieve 4.9% CAGR through 2028.
[UKPRwire, Tue Apr 16 2019] In a recent Fact.MR study, motocross gears market has been evaluated at US$ 1320 Mn in 2017 as per the latest market trends and the encouraging nature of motocross gears market. International Motorcycling Federation (FIM), which conducts all the motorcycle races, has launched many championships and races that play a vital role in the growth of motocross gears market. The study predicts the motocross gear market to achieve 4.9% CAGR through 2028.
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Outpacing the growth of participation in motocross races has increased the demand for customized motocross gears extensively. Leading manufacturers of motocross gears are collaborating with software developing companies for tech-enabled product innovations. Custom motocross gears are being manufactured with personalized color, text, design and logo. Customized motocross gears such as ventilation in jackets to control moisture and sweat is also gaining traction. Motocross gears manufacturers use the latest software technology to provide lightweight and comfortable motocross gears.
Motocross Gears Market – Massive Fan Base for the Sport Continue to Support Market Growth
Dirt bike racing is one of the most exciting sport in North America & Europe. It not only provides a thrilling experience but also acts as a stage for the meeting of like-minded people. Rising popularity of the Motocross races in the Asia Pacific and MEA has opened a vast customer base for the motocross gears manufacturing sector.
The steady growth in the dirt bike fleet and motorcycle production rate has also impacted the motocross market. Some of the prominent players in the manufacturing of motocross gears are using Kevlar, Cordura and other best protective material to provide maximum protection to the rider. The growth in the motocross market is observed by growing awareness in motocross enthusiast for the safety of the riders. Motocross associations and clubs are particular about participants wearing protective gears during races. The rapid increase in the adoption of tech-enabled safety gears has translated into significant demand for motocross gears, thus fueling the growth of the market.
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Motocross Gears Market – Physical Fitness for Participation
Rising number of international players in motocross race championships has been observed as the key motivator for the motocross gears market. Rise in international players in different countries allows the manufacturers to target new customer base as per the growing popularity of the sport in the region by enhancing the motocross gears product portfolio. Motocross is a physically demanding sport and requires the rider to have a good physique. Many health benefits from motocross race like endurance, increased strength, balance, brain stimulation and good posture, etc. has led many parents to introduce motocross racing to their kids at a tender age leading to high demand for motocross races.
Booming e-commerce industry has provided a new revenue area for the worldwide motocross gears manufacturers. The availability of leading brands with the latest trends through e-commerce channels has been of particular significance of revenue. Diversified sales channel has not only catered to the rural areas of developing economies but has also penetrated new demographics for the motocross gears market.
Motocross Gears Market – Increase in Women Participation in Motocross races
Involvement of women in sports has increased significantly affecting the sales of motocross gears. Motocross gears manufacturers are adding stylish products to their portfolio to attract female riders. Motocross clubs and associations have witnessed a rise in children participation, thereby creating a growth opportunity for motocross gears market.
These factors are expected to arouse people’s interest to venture into motocross racing, which will subsequently push the demand for motocross gears.
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