The Equestrian Apparel Market size is projected to reach US$ 6.30 billion by 2031 from US$ 3.27 billion in 2023. The market is expected to register a CAGR of 8.5% in 2023–2031. The growing popularity of equestrian sports worldwide, especially in developing nations, drives demand for equestrian apparel. This is driven by rising awareness of horse riding as a luxurious leisure activity, the rising standard of living, and the increasing number of equestrian events.
The increasing awareness and popularity of equestrian apparel in developing economies are significant contributors to the growth of the equestrian apparel market. As these economies undergo socio-economic advancement, there is rising interest in recreational activities, including horse riding. The burgeoning equestrian culture, marked by the establishment of riding schools and clubs, has created a demand for specialized gear. Moreover, the globalization of fashion trends has led to a heightened appreciation for the elegance and functionality of equestrian attire. As individuals in developing economies become more conscious of fashion and lifestyle choices, the appeal of equestrian apparel extends beyond the practicalities of rising, making it the symbol of style and sophistication. This shift in perception has fueled the market expansion, as consumers in these regions increasingly seek out and embrace equestrian-inspired fashion, contributing to the overall growth of the equestrian apparel market in developing economies.
Equestrian apparel is specialized clothing designed for horseback riding and related activities. It typically includes riding breeches, boots, gloves, helmets, and jackets, all tailored to provide comfort, safety, and functionality while riding. The surging popularity of equestrian apparel can be attributed to several factors. Firstly, a growing interest in horse racing as a recreational and competitive sport has increased the demand for stylish and performance-oriented gear. Additionally, the fashion influence of equestrian attire has been expected beyond the stables, with riders and non-riders alike appreciating these garments' timeless and sophisticated aesthetics. The durability and technical features of equestrian apparel further contribute to its apparel contributing to its appeal, making it not only fashionable but also practical for various outdoor activities.
The apparel market is expected to experience significant growth due to increased sports consciousness and health awareness. Government and commercial sponsorship of sporting events, especially for young people from developing regions, also contribute to market expansion. Clothing donations from various groups are also fueling growth. Customers can now buy exclusive sports apparel from sporting goods stores and test out products. Horse riding apparel has also experienced rapid expansion due to rising disposable income, population growth, and interest in active lifestyles. Increased accessibility to social media and the internet is expected to drive the equestrian apparel market further.
The demand for specialized equestrian apparel is rising due to the increasing involvement in equestrian sports, such as show jumping and dressage, worldwide. Riders' fashion preferences are changing, and they are looking for stylish yet functional clothing that provides performance benefits and enhances physical well-being during riding activities, which is propelling market growth. Additionally, the increasing involvement of young people in equestrian pursuits and the establishment of riding schools are driving the demand for entry-level, long-lasting, and affordable riding gear. Brands catering to new riders or offering affordable options are seeing increased sales, further boosting market growth.
Key segments that contributed to the derivation of the XYZ Market analysis are type, cause, disorder type, category, and end user.
The geographic scope of the Equestrian Apparel Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
Europe dominated the global equestrian apparel market. North America is the second major contributor to the market, and Asia Pacific is expected to grow substantially during the forecast period. The equestrian apparel market in North America is growing due to the increasing popularity of horse riding as a recreational and competitive activity, as well as the influence of equestrian fashion. Events like horse shows and competitions have created a stylish and performance-oriented apparel market. Equestrian apparel appeals to a broader audience due to its classic and refined aesthetics. The emphasis on comfort, safety, and technical features aligns with the active lifestyle of individuals engaging in various outdoor pursuits. This combination of a thriving equestrian culture, expanding fashion appeal, and practicality has led to a notable increase in demand for equestrian apparel in North America.
The regional trends and factors influencing the Equestrian Apparel Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Equestrian Apparel Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 3.27 Billion |
| Market Size by 2031 | US$ 6.30 Billion |
| Global CAGR (2023 - 2031) | 8.5% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Product Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Equestrian Apparel Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Equestrian Apparel Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Equestrian Apparel Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Equestrian Apparel:
The “Equestrian Apparel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
The List of Companies