Latest News:- Equestrian Equipment Market: Rider equipment is expected to lead the Type segment during 2024-2028

Equestrian Equipment Market to grow at a CAGR of 4.8% during 2024-2028

The Equestrian Equipment Market is expected to grow at a CAGR of 4.8% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 3126.5 million. The global equestrian equipment market is experiencing a notable trend, with vendors introducing innovative products to enhance the riding experience for both horses and riders. This focus on new product launches is driven by the dynamic market landscape and evolving consumer demands. WeatherBeeta, a leading player in this sector, recently unveiled its Spring 2024 collection on March 7, 2024. This collection includes a range of products designed to optimize comfort, style, and protection for horses. A standout item from this release is the WeatherBeeta Fly collection, featuring the Green-Tec Airflow Mesh Fly Sheet, which effectively combats insects while ensuring breathability for the horse. 

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The Rider equipment subsegment is expected to dominate the Type segment during the forecast period 

Technavio analysts predict that the Rider equipment subsegment will lead the Type segment during 2024 and 2028 The equestrian equipment market represents a significant business opportunity, catering to the demands of horse owners and riding enthusiasts worldwide. This industry encompasses a wide range of products, including saddles, bridles, horse blankets, and riding apparel. Market growth is driven by increasing participation in equestrian sports and activities, coupled with advancements in technology leading to innovative and high-performance equipment solutions.

Here are the various ways based on which the market is segmented: 

• Type
  • Rider equipment
  • Equine equipment
• Distribution Channel
  • Offline
  • Online
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • Middle East and Africa

Reasons to Purchase the Global Equestrian Equipment Market Market Research Report by Technavio. What is in it for you?

• Wealth of Experience: Technavio is an established name in the world of market research. It holds an expertise of more than 20 years in the field, has published 21,000+ reports thereby extensively covering the area in various industries and range of regions
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There are several factors that are causing the market to flourish increasing participation in equestrian sports

Learn which are the obstacles that the market is experiencing in the way of its growth by accessing the free PDF report

Research Analysis Overview

The equestrian equipment market is a thriving industry catering to the needs of the equestrian community involved in various riding disciplines such as show jumping and dressage. Moisture-wicking fabrics have become a popular choice for riding apparel due to their ability to keep riders cool and dry during long hours in the saddle. Body protectors, airbag vests, and certified helmets are essential safety gear for riders, ensuring both their comfort and protection. Saddles and accessories, including bridle designs, are tailored to suit different horse breeds and riding styles. Recreational riding and equestrian sports have led to an increase in disposable incomes, fueling the demand for specialized gear. Advanced materials and communication devices have revolutionized the industry, allowing for better horse and rider comfort and coordination. E-commerce platforms have made it easier for customers to access a wide range of horse riding equipment, from specialized footwear to protective vests. The equestrian community continues to evolve, with a focus on horse comfort and rider safety, driving innovation in the equestrian equipment market. Equestrian events provide a platform for showcasing the latest gear and technologies, further boosting demand.

Market Research Overview

The equestrian equipment market falls under the broader category of leisure products within the global household durables market. This sector encompasses sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio, the global household durables market size is determined by the collective revenue generated by manufacturers of household durables, which include consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several factors, including the surge in health and fitness club memberships. Over the past decade, there has been a consistent growth in the number of health and fitness club members, and this trend is expected to continue due to the burgeoning prospects of this industry.

The Equestrian Equipment Market is experiencing significant growth, fueled by the increasing participation in equestrian sports. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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Technavio Research
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