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Equestrian Equipment Market Size
- Report ID: GMI8111
- Published Date: Feb 2024
- Report Format: PDF
Equestrian Equipment Market Size
Equestrian Equipment Market size was valued at USD 11 billion in 2023 and is anticipated to register a CAGR of over 4.3% between 2024 and 2032. The market has experienced significant growth and diversification, reflecting the dynamic landscape of the horse-riding industry.
With a strong emphasis on both rider and horse comfort, safety, and performance, the market offers a wide array of specialized gear and accessories. This includes saddles tailored to different riding disciplines, innovative bridle designs for effective communication between horse and rider, and advanced materials enhancing the durability and functionality of equipment. Riding apparel, safety gear such as helmets and gloves, and specialized items like horse boots and blankets further contribute to the expansive market.
One significant driver is the increasing participation in recreational and leisure activities, as more individuals seek outdoor pursuits and engage in horse riding as a fulfilling pastime. The rise in disposable income among the urban population has also played a pivotal role, enabling enthusiasts to invest in high-quality equestrian gear, from saddles to safety equipment. Moreover, a growing awareness of rider and horse safety has become a driving force, prompting riders to prioritize equipment that ensures both comfort and protection during equestrian activities. The acceptance of horse riding as an Olympic sport has further elevated the market's trajectory, as the recognition of the sport on a global stage fosters a broader interest and demand for top-notch equestrian equipment.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Equestrian Equipment Market Size in 2023: | USD 11 Million |
| Forecast Period: | 2024 – 2032 |
| Forecast Period 2024 – 2032 CAGR: | 4.3% |
| 2024 – 2032 Value Projection: | USD 17 Billion |
| Historical Data for: | 2018 – 2022 |
| No. of Pages: | 270 |
| Tables, Charts & Figures: | 308 |
| Segments covered: | Equipment type, price, gender, consumer group, distribution channel, and region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Equestrian activities often necessitate a considerable financial commitment, encompassing expenses related to horse purchase, stabling, training, and the procurement of quality equestrian gear. The substantial investment required for both riders and horse owners can act as a deterrent, limiting the accessibility of equestrian sports to a broader demographic.
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Equestrian Equipment Market Scope
