The global horse riding equipment market is poised for a steady ride, with a projected Compound Annual Growth Rate (CAGR) of 4% between 2022 and 2032. Let’s explore the key factors fueling this growth:
- Social Media Spurs Participation: Social media influencers are raising the profile of equestrian activities, attracting new riders and boosting demand for equipment.
- Olympic Spotlight: Training for the 2021 Olympics (and beyond) will ensure consistent demand for high-quality riding gear.
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Manufacturing Hubs and Market Segments:
- South Asia & Pacific Lead Production: This region remains a dominant force in horse riding equipment manufacturing due to affordable labor costs.
- Luxury Reins Supreme: Luxury helmets and other gear continue to hold appeal, reflecting the sport’s historical association with elitism.
Fashion Meets Function: A Winning Combination
Fashion plays a surprisingly significant role in the horse riding equipment market, alongside functionality:
- Sophistication & Minimalism: Future Market Insights predicts a trend towards sleek, minimalist designs in riding apparel.
- New Players, Wider Reach: Companies like Decathlon offer high-quality, trend-driven equipment at competitive prices, attracting new riders and intensifying competition.
- Tech-Forward Fabrics: Equestrian fashion embraces advancements with dirt-resistant, water-repellent fabrics and improved grip for riders.
- Safety & Comfort at the Forefront: Improved helmet designs and cuts prioritize safety and comfort, offering riders peace of mind and enhanced mobility.
Catering to Every Rider
Manufacturers are strategically targeting both ends of the market spectrum:
- Luxury Legacy: Exquisite new dressage designs showcasing individual style and national pride cater to those seeking to uphold the sport’s royal heritage. For instance, Charles Owen offers exquisite helmets with inlaid crystals, reflecting the sport’s elite status.
- Accessibility for All: Catering to budget-conscious riders through innovative products ensures the sport’s continued growth and inclusivity.
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A Bright Future for the Horse Riding Industry
By appealing to a broad spectrum of riders, the horse riding equipment market is well-positioned for continued expansion over the next decade. This growth will likely be driven by a combination of factors, including social media influence, technological advancements, and unwavering fashion trends.
Major Manufacturers:
- Colonial Saddlery
- Dainese
- Georg Kieffer Sattlerwarenfabrik GmbH
- Decathlon
- Cavallo GmbH
- Antares Sellier
- Fabtron Inc.
- Mountain Horse
- HKM Sports Equipment.
- Charlie1Horse
- Resistol
- Justin Boots
- Cashel Company
- Professional’s Choice
- Others (As per the request)
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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