The Europe Horse Riding Equipment Market would witness market growth of 3.1% CAGR during the forecast period (2023-2030).
Vendors cater to the ultra-luxury segment of this market in order to maintain its elite status and continue the tradition of it being predominantly a royal sport. Dressage, for example, is anticipated to see the introduction of exquisite new designs displaying individual styles and national colors. Charles Owen, holder of a Royal Warrant and supplier to the Royal Mews of Buckingham Palace, sells helmets with carefully inlaid crystals and detachable sun visors to commemorate the heritage of this equestrian sport. Thus, an appeal to consumers at both extremes of the spectrum as well as those in the middle is anticipated to increase demand for horse riding equipment over the next ten years.
The influence of social media on the decision of young people to enroll in equestrian lessons cannot be denied. As more and more young people take up horseback riding, projecting an image has benefited the industry. The popularity of the sport has been primarily fueled by the proliferation of social media and the increasing number of celebrities who influence recreational or competitive riding. Despite the fact that motivation to pursue horseback riding may be high based on vanity metrics, this could contribute to genuine engagement in the long run. This shift in perception is anticipated to have a significant impact on the market. In the coming years, manufacturers of horse riding equipment, particularly apparel, will witness a strengthening trend of choices dictated by influencers and celebrities. For many years, equestrian sports have been a part of the premier sporting activities. It is only feasible for a small number of athletes due to the substantial commitment required.
The market in Europe has witnessed substantial growth in recent years, driven by a combination of cultural traditions, a strong equestrian heritage, and evolving consumer preferences. Europe has a rich history of equestrian sports, including dressage, show jumping, and horse racing, which has sustained a strong demand for high-quality riding equipment. One significant driver of this growth is the region's enduring connection to horses, as many European countries have deep-rooted equestrian traditions that have been passed down through generations. This cultural affinity for horses has created a consistent demand for top-notch riding gear and accessories.
Furthermore, Europe hosts a plethora of internationally renowned equestrian events and competitions, such as the Grand National in the United Kingdom and the Longines FEI Jumping World Cup in various European cities. These events draw top riders, enthusiasts, and spectators from around the world, boosting the market's visibility and increasing the need for specialized riding equipment.
The Germany market dominated the Europe Horse Riding Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $208.8 million by 2030. The UK market is experiencing a CAGR of 2.3% during (2023 - 2030). Additionally, The France market would exhibit a CAGR of 3.9% during (2023 - 2030).
Based on Sales Channel, the market is segmented into Sports Retail Chain, Hypermarket and Supermarket, Independent Sports Outlet, and Others. Based on Gender, the market is segmented into Male, and Female. Based on Type, the market is segmented into Helmets, Vests, Stirrup, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Horse Riding Equipment Market is Projected to reach USD 2.7 Billion by 2030, at a CAGR of 3.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Decathlon S.A. (Asociacion Familiale Mulliez) (Oxelo), Ariat International, Inc., Dainese S.p.A, Colonial Saddlery, Fabtron, Inc., HKM Sports Equipment GmbH (Finatem investment company), CAVALLO Albert Sahle GmbH Co. KG, Mountain Horse Int. AB, Antarès distribution, and Georg Kieffer Sattlerwarenfabrik GmbH.
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