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.
Equestrian Apparel Market Analysis
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 Market Overview
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.
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Equestrian Apparel Market: Strategic Insights
Market Size Value in US$ 3 billion in 2022 Market Size Value by US$ 6 billion by 2030 Growth rate CAGR of 5% from 2022 to 2030 Forecast Period 2022-2030 Base Year 2022
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Equestrian Apparel Market: Strategic Insights
| Market Size Value in | US$ 3 billion in 2022 |
| Market Size Value by | US$ 6 billion by 2030 |
| Growth rate | CAGR of 5% from 2022 to 2030 |
| Forecast Period | 2022-2030 |
| Base Year | 2022 |
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Equestrian Apparel Market Drivers and Opportunities
Increased Sports Consciousness and Health Awareness to Favor Market
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.
Growing involvement in equestrian sports worldwide – An Opportunity for Equestrian Apparel Market
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.
Equestrian Apparel Market Report Segmentation Analysis
Key segments that contributed to the derivation of the XYZ Market analysis are type, cause, disorder type, category, and end user.
- Based on type, the Equestrian Apparel Market is segmented into Topwear, Bottomwear, and Others.
- By Category, the market is segmented into Men, Women, Unisex, and Kids.
- In terms of distribution channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, Online Retail, and Others
Equestrian Apparel Market Share Analysis by Geography
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.
Equestrian Apparel Market Report Scope
Equestrian Apparel Market News and Recent Developments
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:
- HUGO BOSS expands its portfolio with BOSS Equestrian, a premium equestrian apparel line from BOSS that will be launched in Fall/Winter 2023. The BOSS Equestrian collection will be designed, produced, and distributed by Bold Equestrian Ltd. It will be available worldwide at select premium partners and online at BOSS.com from September 15. The first BOSS Equestrian collection offers a mix of lifestyle fashion and equestrian apparel for men and women, with a focus on functionality, fit, and quality. The collection is complemented by a compact range of horse accessories. The Fall/Winter 2023 collection is available in the BOSS signature colors black, white, and camel. The Spring/Summer 2024 collection will expand the color range. (Source: Hugo Boss, Newsletter, 2023)
- H&M has unveiled a new equestrian sports lab within its conglomerate, through which it will begin offering a contemporary and functional line of apparel for horse riders from autumn. Dubbed ‘All in Equestrian’, a name derived from a famous horse ‘H&M All In’, the brand was described as a “natural continuance” of H&M’s relationship with the equestrian world. Its launch also coincides with the company’s new partnership with Global Champions League (GCL), a show jumping series that All in Equestrian will become the team supplier for in 2024. (Source: H&M, Newsletter, 2023)
Equestrian Apparel Market Report Coverage and Deliverables
The “Equestrian Apparel Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product Type, Category, and Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
The List of Companies
- Ariat International, Inc.
- Cavallo GmbH & Co. KG
- Charles Owen
- HKM Sports Equipment
- Decathlon
- Ladyhall Ltd
- UVEX
- Kerrits Equestrian Apparel, Inc.
- Kastel Denmark
- Vestrum Srl
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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