The equestrian equipment market reached a valuation of US$ 2,200 Million in FY 2023. Furthermore, across the 2023-2033 period of assessment, growth is expected to accelerate at a 4.1% CAGR, reaching US$ 3,300 Million.
The rising demand for equestrian equipment from emerging nations like China and India, which are seeing an increase in disposable income and expenditure on leisure activities such as horse riding, is driving the expansion of this market. In these nations, the rising popularity of horseback riding among women is also boosting demand for equestrian equipment.
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As of 2023, Fact.MR expects the equestrian equipment industry to be valued at US$ 2200 Million
According to Fact.MR, a CAGR of 3% was recorded for the equestrian equipment market from 2018-2022
From 2023 to 2033, the equestrian equipment industry is poised to flourish at a 4.1% CAGR
By 2033, the equestrian equipment landscape is slated to reach a valuation of US$ 3300 Million
The Helmets segment is expected to grow the fastest during the forecast period.
As per Fact.MR’s projections, the market for equestrian equipment in the UK will likely expand at a 4% CAGR
China is poised to yield a CAGR of 3.5% with respect to equestrian equipment in 2033
“According to the Equine Business Association, more than 16 million people globally are projected to engage in the sport. This feature is projected to open up new growth opportunities for equestrian equipment producers, influencing the market in the future years.” comments an analyst at Fact.MR.
There is modest competition in the worldwide equestrian equipment market. With so many local players, determining the quality of a product in relation to its price and brand value, which is also provided by a lower cost product, is challenging.
However, as awareness about the use of unethically procured leather grows, players are anticipated to focus on producing luxury and non-luxury vegan items. Some of the prominent players in the market :
Ariat International
Dainese S.p.A
Cavallo GmbH
HKM Sports Equipment GmbH
Recent Developments :
In March 2022, Carlyle Group, a worldwide investment corporation, agreed to purchase the Dainese Group from Investcorp and Lino Dainese. Cristiano Silei will remain CEO of the firm. As is normal, the acquisition is subject to regulatory clearances.
In October 2021, Cavallo announced the launch of a Product Suite to Improve Distribution. Software that increases execution, control, and intelligence for an optimal distribution strategy will be introduced at the company’s Product Premiere Week.
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Key Segments Covered in the Equestrian Equipment Industry Survey
By Product Type :
Equine Equipment
Saddle pad
Stirrup
Saddle
Horseshoes and Protection Boots
Snaffle Bridle
Accessories
Rider Equipment
Riding Boots
Gloves
Helmets
Protective Vests
By Buyer Type :
Individual
Institutional
Others
By Sales Channel :
Specialty Stores
Others
Key Questions Covered in the Equestrian Equipment Market Report
What is the projected value of the Equestrian Equipment factors Industry in 2022?
At what rate will the global Equestrian Equipment factors market size grow until 2033?
Which are the factors hampering the growth of Equestrian Equipment factors?
Which region is expected to lead in the global Equestrian Equipment factors market By 2033?
Which are the factors driving the Equestrian Equipment factors Industry during the forecast period?
What is the expected market value of the Equestrian Equipment factors market during the forecast period?
Regional Analysis For Equestrian Equipment Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
North America (USA, Canada and Mexico)
South America (Brazil, Chile, Argentina, Rest of South America)
MEA (Saudi Arabia, United Arab Emirates, South Africa)
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