Report Ocean (150+ country’s markets analyzed, function on 1,00000+ published and forthcoming reports every year). presents a research report and top winning strategies for the Horse Riding Equipment Market. Best subject matter experts, researchers, and market research professionals organized this report in order to ensure that the information in it is compiled from the most authentic sources and that the forecast is of the highest accuracy. To forecast market growth, specialists employ a variety of methodologies and analytical approaches, including S.W.O.T. (analysis methods), P.E.S.T.E.L. analysis, and regression analysis. The Horse Riding Equipment Market study also looks at the various regulations and policies that the firm has implemented. This report discusses the industry in terms of research technology and precise prospective utilization, innovation, and future advancements in the Horse Riding Equipment Market. [Download Free Sample]
The global horse-riding equipment market revenue was around US$ 2.1 billion in 2023 and is estimated to reach US$ 2.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 3.6% during the forecast period from 2024 to 2032.
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Factors Influencing Market Growth
– The demand for horse riding equipment market has increased due to the rising expenditure on sports training for children. This is because people are becoming more aware of the benefits of sports activities, like improved concentration and problem-solving skills.
– The changing educational paradigm is supporting the growth of the sports industry. Increased sports education and training in schools have led to a greater awareness of sports and fitness, driving market growth.
– Online retailers have become increasingly popular due to their faster delivery and easy return policies. Additionally, the rise in the number of sites offering free shipping has boosted sales through online platforms. Online retail provides access to a wide variety of products and allows for price comparisons among different brands. This is contributing to expanding the market.
– However, an increase in preference for indoor activities such as playing video games and a rise in the use of smartphones among youth due to an increase in internet penetration and the proclivity of consumers toward other leisure activities such as virtual reality gaming, watching movies, live music shows, and others hinder market growth.
Impact of COVID-19
COVID-19 has had an adverse impact on the horse-riding equipment market. In recent years, the horse-riding equipment market has been witnessing steady growth. However, the cessation of all sports and sports-related activities has led to a halt in the growth of the entire sports equipment and apparel market.
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Regional Insights
In 2023, Europe was the leading market for horse-riding equipment across the globe. The growth of start-ups that produce and sell horse-riding equipment is contributing to the expansion of this market during the forecast period. The region is expected to witness the highest demand for horse-riding equipment during the forecast period. The presence of major players such as Decathlon S.A., Georg Kieffer Sattlerwarenfabrik GmbH, and Mountain Horse in this region is influencing the market. These players are encouraging horse-riding activity in the region, which is expected to further propel the market growth over the forecast period.
Leading Competitors
The key market players in the global horse-riding equipment market are
– Ariat International, Inc.
– DECATHLON SA
– Colonial Saddlery
– Georg Kieffer Sattlerwarenfabrik GmbH
– Cavallo GmbH & Co. KG
– Fabtron, Inc.
– HKM Sports Equipment GmbH
– Antares Sellier France
– Dainese Group
– Mountain Horse
– Other Prominent Players
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Segmentation Analysis
The horse-riding equipment market segmentation focuses on gender, sales channels, type, and region.
Segmentation based on Gender
– Male
– Female
Segmentation based on Sales Channel
– Hypermarket and Supermarket
– Independent Sports Outlet
– Sports Retail Chain
– Others
Segmentation based on Type
– Helmets
– Vests
– Stirrup
– Others
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Segmentation based on region
– North America
– The U.S.
– Canada
– Europe
– UK
– Germany
– France
– Italy
– Spain
– Netherlands
– Rest of Europe
– Asia-Pacific
– China
– Japan
– India
– Australia
– South Korea
– Singapore
– Rest of Asia-Pacific
– LAMEA
– Latin America
– Middle East
– Africa
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These responses will function a complete examination of the:
- The markets’ present-day infrastructures
- Market possibilities and challenges
- Future plausible for increase in particular industries
- Major geographic and market segments to target, and end-user goal organizations and their viable operational volumes
- Representative and a price chain probability breakdown
- Market dimension and boom price during the expected time frame.
- The market’s important using forces
- Key market traits are impeding market expansion.
- Obstacles to market expansion.
- Market’s pinnacle merchants.
- Thorough SWOT analysis
- Threats and possibilities confronted with the aid of the modern carriers in the world market.
- Trending elements that affect the markets in the quite a number region.
- Initiatives with a strategic center of attention on the pinnacle vendors.
- PEST find out about of the five essential market regions.
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