A recent report by Allied Market Research highlights the growth potential of the global horse riding equipment market, which was valued at $2.1 billion in 2022 and is projected to reach $3 billion by 2032, growing at a CAGR of 3.6%. The report outlines key market drivers, including increased participation in equestrian sports, safety regulations, and the rise of horse riding institutions. Despite challenges like economic instability and counterfeit products, the market is expected to thrive, particularly in the helmets segment, which is crucial for rider safety.
The report segments the market by type, gender, sales channel, and region. Helmets are anticipated to dominate the market, projected to reach $958.5 million by 2032. The sports retail chain segment held the largest market share in 2022, while the hypermarket/supermarket segment is expected to grow the fastest. Gender-wise, the male segment currently leads, but the female segment is predicted to grow at a higher rate due to increasing female participation in horse riding.
Regionally, Europe is expected to see significant growth, with a projected market value of $1,005.2 million by 2032. The UK is identified as a key market within Europe. The report also profiles major players in the industry, including Antarès Sellier and Decathlon S.A., providing insights into competitive strategies and market dynamics.
