wiseguyreports January 14, 2021

Market Highlights

Global Motorcycle Apparel Market is estimated to be valued at USD 12,303.4 Million by 2024 and is expected to register a CAGR of 7.11% during the forecast period. Motorcycle apparel is personal protective clothing or equipment for safe riding. It includes helmets, jackets, gloves, shoes, pants, and base layers. The apparel protects riders in crashes and from inclement weather. 

North America was the largest market for motorcycle apparel in 2018 and the regional market is expected to maintain its dominance during the review period. Europe held a significant market share and was the second-largest market for motorcycle apparel in 2018. In Europe, the market in Germany is projected to exhibit the highest growth rate of 7.64% during the forecast period. However, the Asia-Pacific market is projected to register the highest CAGR during the forecast period. Increasing per capita disposable incomes in the region have led to the rising sales of motorcycles and motorcycle apparel.    

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There are various safety standards in different countries for motorcycle riders. Thus, the presence of safety regulations and laws concerning helmets, jackets, and other protective clothing is expected to fuel the growth of the market for motorcycle apparel. Moreover, the rising per capita disposable incomes in developing regions, such as Asia-Pacific, are boosting the demand for motorcycles, including status symbols such as superbikes and cruiser bikes, which is expected to have a positive impact on the growth of the motorcycle apparel market.

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