The Latin America, Middle East and Africa Horse Riding Equipment Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
Rider equipment includes all safety equipment as well as equestrian breeches, jackets, and gilets. Increasing public concern about safety measures increases demand for rider equipment and contributes to market expansion. Equine equipment is the most recent development in horse exercise equipment. It consists of safety equipment and protective clothing designed for equestrian participants, including horses, riders, and trainers. Equine equipment can be used for a variety of purposes, including competitions, training, and education, and just for enjoyment.
The popularity of equestrian tourism, which includes horseback riding excursions and trail riding, has increased. This trend has increased the demand for equestrian equipment, such as saddles, bridles, helmets, and riding apparel. Equestrian sports such as horse racing, show jumping, dressage, and eventing attract a devoted fan base and frequently necessitate specialized equipment. These sports are renowned and contribute to market expansion. Increased attention has been paid to horse welfare and the necessity of using appropriate equipment to ensure the horses' comfort and safety. Riders and horse owners are willing to spend money on high-quality tack to ensure the well-being of their animals.
The market in the LAMEA has been steadily expanding, driven by a multifaceted set of factors. Firstly, the growing disposable incomes in several LAMEA countries have enabled a broader segment of the population to engage in equestrian activities, whether for leisure or competition. This has led to increased demand for a wide range of riding gear and equipment, including saddles, riding boots, helmets, and protective gear. Moreover, equestrian sports hold significant cultural and historical value in certain LAMEA nations, such as Argentina and various Middle Eastern countries. These deep-rooted traditions have fostered a consistent interest in horseback riding, creating a sustained market .
The Brazil market dominated the LAMEA Horse Riding Equipment Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $52 million by 2030. The Argentina market is showcasing a CAGR of 6.1% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 5.3% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
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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