Horse Riding Equipment Market to Reach $3.0 Billion, Globally, by 2032 at a 3.6% CAGR: Allied Market Research

The global horse riding equipment market is experiencing growth due to factors such as an increase in sports and fitness awareness across the world and government initiatives toward sports activities and events.

PORTLAND, Ore., Aug. 24, 2023 /PRNewswire/ — Allied Market Research published a report, titled,Horse Riding Equipment Market by Type (Helmets, Vests, Stirrup, Others), by Gender (Male, Female), by Sales Channel (Hypermarket and supermarket, Independent Sports Outlet, Sports Retail Chain, Others): Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, the global horse riding equipment industry was estimated at $2.1 billion in 2022 and is anticipated to hit $3.0 billion by 2032, registering a CAGR of 3.6% from 2023 to 2032.

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Horse riding equipment plays an important role in the comfort, safety, and performance of both rider and horse during riding, competitions, and recreational activities. Horse riding equipment is designed to support, control, and protect the rider. Horse riding equipment facilitates communication and control between rider and horse.

Drivers, Restraints, and Opportunities:

The global horse riding equipment market is experiencing growth due to factors such as an increase in sports and fitness awareness across the world, and government initiatives toward sports activities and events. On the other hand, the prevalence of low-priced counterfeit products may limit the growth of the market to some extent. Moreover, the trend of online retailing is expected to provide ample growth opportunities throughout the forecast period.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$2.1 Billion 

Market Size in 2032

$3.0 Billion 

CAGR

3.6 %

No. of Pages in Report

300

Segments Covered

Type, Gender, Sales Channel, and Region

Drivers 

Increase in sports and fitness awareness across the world

Government initiatives toward

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