Equestrian Apparel Market Report
Global Equestrian Apparel Market, Size, Share, Trend, Forecast, & Industry Analysis See less
Global Equestrian Apparel Market, Size, Share, Trend, Forecast, & Industry Analysis
Global Equestrian Apparel Market report is segmented By Type (Clothing, Boots, Helmets, Gloves, Others), By Application (Female, Male), By Distribution Channel (Online, Offline), and Region.
This market research report provides in-depth information on trends, dynamics, revenue opportunities, competitive landscape, and recent developments in the global equestrian apparel market. The historic years considered for the study are 2016-2019, the base year is 2020, the estimated year is 2021, and the forecast period is 2022-2026.
The Global Equestrian Apparel Market is estimated to grow from USD 2.7 billion in 2020 to USD 3 billion by 2026 at a healthy CAGR of 1.9% during the forecast period.
Figure: Global Equestrian Apparel Market Size, 2020-2026 (USD Billion)
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Equestrian apparel is referred to clothing that is worn during horse riding. The major purpose of wearing equestrian clothing is to offer comfort and safety for riders. Equestrian apparel also represents a fashion icon for both normal consumers and riders. Also commonly referred to horse-riding apparel, it mainly consists of apparel worn in several body parts such as helmets, boots, and breeches, and others.
Key players operating in the global equestrian apparel market are-
Rising awareness and popularity of equestrian events in the developed countries across the globe drive the product demand.
Based on application, the equestrian apparel market has been bifurcated into males and females.
"The U.S. is the top contributor to the product demand in the region owing to rising awareness about horse riding as a leisure activity."
By region, North America witnessed the largest share in the equestrian clothing market and is followed by Europe. The U.S. is the top contributor to the product demand in the region owing to rising awareness about horse riding as a leisure activity and the increasing standard of living of the population to adopt this luxurious leisure activity. Besides, there are many equestrian events in the region for horse riding and racing, thus augmenting the product consumption.
The COVID-19 pandemic has considerably affected the equestrian apparel market due to strict lockdown measures and curbs on leisure activities such as horse-riding events and race competitions across the globe. Further, the equestrian races and events for horse-riding were either delayed or postponed curbing the spread of coronavirus, thus affecting the demand for equestrian apparel demand.
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Here is the list of the group of customers that the Equestrian Apparel market hopes to have the greatest opportunity to convert-
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The equestrian apparel market is expected to reach an estimated value of USD 3 billion in the foreseeable future.
Equestrian apparel vendors, Equestrian apparel retailers, Horse owners and sellers, Horse riding event organizations, Horse race competition organizations, Clothing companies are the target audience in the equestrian apparel market.
The equestrian apparel market is expected to grow at 1.9% CAGR in the coming five years.
Columbia Sportswear (The U.S.), Mountain Horse (The U.S.), Ariat (The U.S.), EQUETECH (UK), Decathlon (France), Horseware (Ireland), Pikeur (Germany), Shanghai Goldtex Clothing & Bags Co. (China), Noble Outfitters (The U.S.), GPA (UK), Kerrits (The U.S.) and KEP ITALIA (Italy) are among the key players in the equestrian apparel market.
The female application dominated the equestrian apparel market accounting for more than 70% share.
North America witnessed the largest share in the equestrian apparel market.