Motorcycle Racing Apparel Market By Provider, End User, Market Size, Trends, Scope, Industry Growth, Bank Falter And Forecast 2023-2032|Alpinestars SpA, Dainese SpA, Fox Head Inc., Scott Sports SA, ThorMX

The Motorcycle Racing Apparel Global Market Report 2023 by The Business Research Company, provides motorcycle racing apparel market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

Learn More On The Motorcycle Racing Apparel Market:

https://www.thebusinessresearchcompany.com/report/motorcycle-racing-apparel-global-market-report

According to The Business Research Company’s Motorcycle Racing Apparel Global Market Report 2023, the market size grew from $1.86 billion in 2022 to $2.04 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the motorcycle racing apparel is expected to grow to $2.46 billion in 2027 at a CAGR of 4.8%.

The increasing number of accidents is driving the growth of the motorcycle racing apparel market. The number of accidents is increasing mainly due to speeding/reckless driving followed by other reasons such as the absence of safe procedures, open violation of the traffic rules by the drivers, poor road lighting increasing encroachment, and others. Motorcycles are more prone to accidents as motorcyclists and their passengers are more exposed to weather and road risks than drivers in enclosed automobiles. This rise in the number of accidents will create a huge demand for motorcycle racing apparel and gears that act as a protective shield to ensure the safety of riders and provide comfort during the ride.

Get A Free Sample Of The Report (Includes Graphs And Tables):

https://www.thebusinessresearchcompany.com/sample_request?id=6881&type=smp

The motorcycle racing apparel market is segmented:

1) By Type: Clothing, Footwear, Protection Gear

2) By Distribution Channel: Non-Store, Store Built

3) By Application: Competitive Race, Recreation

Technological advancement is the key trend gaining popularity in the motorcycle racing apparel market. The market is witnessing the implementation of advanced technologies in motorcycle racing apparel such as GPS-connected devices, heads-up displays, intelligent sensor helmets, automated airbags, and others to decrease the accidents and fatalities during the rides. Major companies operating in motorcycle racing apparel are focusing on providing technologically advanced apparel to strengthen their market position. For instance, in April 2022, Alpinestars, an Italian manufacturer of apparel and protective gear for motorsports and action sports, introduced Tech-Air 10, a full upper-body and hips protection system created with Alpinestars’ MotoGP riders. Tech-Air 10 is an innovative autonomous slim airbag covering the rider’s shoulders, chest, full back, and hips to offer body protection to racers, track day riders, and road riders. The new airbag contains an active electronic system featuring 12 sensors with an AI (artificial intelligence) crash detection algorithm to monitor the deployment of the airbag in the event of a crash, enabling more safety and security during rides.

The motorcycle racing apparel market report table of contents includes: