Friday, August 31st, 2018 - Fact.MR

Growing awareness across Asia-Pacific regarding the significant need for rider-safety during motocross races increases the demand for motocross gears. Surging participation in the motocross races in Asia-Pacific is likely to rub-off demand for the motocross gears, thereby complementing the growth of APAC motocross gears market. Usage of innovative technologies such as Bluetooth and GPS enabled helmets has influenced motocross gears manufacturers. Therefore manufacturers in Asia-Pacific are taking immense efforts in product innovations with the integration of advanced technology.

Rapidly increasing popularity of motocross races in Asia-Pacific has opened up huge customer-base for motocross gears manufacturing industry. Asia-Pacific has the maximum production and sales of motorcycles with notable presence of bike accessories, thereby creating growth avenues for the motocross gears market over the assessment period. Substantial growth in overall consumer expenditure, particularly the urban teens on motorbike accessories is further stimulating the growth of motocross gears market.

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Brunei is experiencing gradual increase in motocross races, thereby having massive customer base for dirt bike racing. The rapid motorization in Southeast Asia has been fuelled mainly by the affordability and popularity of motorbikes. However, with the increasing number of motorbikes in the Asia-Pacific doubling approximately every year, rise in the count of fatalities is anticipated to grow commensurately. Therefore, need for reducing the number of fatalities is expected to drive the production and supply of motocross gears in the region. Nearly all the economies in Southeast Asia are having mandatory helmet laws, leading to increasing growth avenues for motocross gears market in the forthcoming years.

Fact.MR predicts that motocross gears market on a global basis is likely to grow at 4.9% ACGR during the assessment period, 2018-2028. Increasing number of motorcycle races and championships across the globe have been stimulating the revenue growth of motocross gears market. Outpacing increase in the involvement of motocross races have increased the demand and supply of customized motocross gears to a great extent.

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Key players and manufacturers in the motocross gears market have been collaborating with the software developing enterprises for tech-enabled product advancements. Customized motocross gears for instance, ventilation in jackets for controlling sweat and moisture is gaining significant traction in the motocross gears market across the globe. Manufacturers in the motocross gears market are working on integrating latest software technology for offering comfortable and lightweight motocross gears.

Rapidly increasing media influence on racing industry has been taken up as an important trend in motocross gears market. Outgrowing sponsorships to riders as well as races by the big brands enabling maximum reach for motocross races impacting involvement in the motocross races are further stimulating the need for motocross gears. Apart from this, rising number of the motocross enthusiasts in New Zealand and Australia are expected to increase the participation rate, which in turn surges production and sales of motocross gears as well. Booming e-commerce sector has offered a new revenue region for motocross gears manufacturers across the globe. Rapidly increasing participation of women in sports is likely to positively affect sales of the motocross gears.

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Keywords

Motorcycle gears market, Asia Pacific Motorcycle gears market, Global Motorcycle gears market, Motorcycle gears market size, Motorcycle gears market trends, Motorcycle gears industry analysis

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