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Horse riding has become a leisure activity for consumers. The sport has evolved from traditional horse riding, and is now supported by modified and modernized equipment. In horse riding, equipment is selected based on the safety of the rider and for protection against accidents. Horse riding equipment includes body protectors, riding helmets, and other riding equipment. All horse riding equipment such as riding helmets are required to be designed and approved according to European Safety Regulations; Regulation EN1384 issues safety insights. Horse Riding Equipment market isecpected to grow at CAGR 8.6% in the forcasting period.
Top Driver: rising number of both men and women taking part in this activity, extra safety regulations will drive the market growth
People of all ages are indulging in horse riding as an activity with health benefits, and horse riding is increasingly being viewed as a sport. This in turn is expected to influence the market growth for horse riding equipment over the forecast period. Furthermore, rising investment of people in leisure sport activities is projected to spur the market growth for horse riding equipment in the coming years. Rising number of horse riding training institutes such as riding schools, riding yards, welfare charities and services, is leading to the growth of the horse riding equipment market. With a rising number of both men and women taking part in this activity, extra safety regulations related to the equipment used for this sport have been issued. Saddles, head gear, bits, breeches, reflective horse wear, horse rugs, and protection boots and wraps are horse riding equipment used in this sport. The trend of wearing riding jackets during horse riding especially among children and new riders is increasing to protect them from injury to the ribs and spine. Riding jackets are also approved by European regulations. This is resulting in the market growth of horse riding equipment. However, safety concerns about injuries caused during this sport are to some extent restraining the growth of the horse riding equipment market.
Equine Equipment to Make Crucial Contribution for Growth of Global Horse Riding Equipment Market
The market іѕ ѕеgmеntеd іntо Еquіnе Еquірmеnt, аnd Rіdеr Еquірmеnt. Ву аррlісаtіоn, the market іѕ dіvіdеd іntо Ѕресіаltу Ѕtоrеѕ, Ѕроrtіng Gооdѕ Ѕhор, Ѕuреrmаrkеtѕ аnd Нуреrmаrkеtѕ, Оnlіnе Rеtаіlеrѕ, аnd Оthеrѕ. The global horse riding equipment market can be segmented based on equipment type, product type, gender, distribution channel, and region. In terms of equipment type, the market can be classified into equine equipment and rider equipment. On the basis of product type, the market is classified as helmets, vests, stirrups, saddle, halters, bridles, and others such as hackamores, headgear, etc. The gender segment can be divided into men and women. The distribution channel segment can be segmented as online and offline. The offline segment can be further sub-segmented into specialty stores, sports goods shops, supermarkets, and hypermarkets
North America dominated to witness fastest growth in Global Horse Riding Equipment Market
North America and Europe such as Dainese and Ariat International, which are widely popular brands, are working continuously to maintain their position and brand value in the market for horse riding equipment. Europe is projected to hold the major share in terms of revenue in the horse riding equipment market. Various strategic initiatives by associations such as The British Horse Industry Confederation is promoting this sport in the region which is further expected to fuel the market growth over the forecast period
Additionally, the market in Asia Pacific is expected to witness considerable growth rate, due to a rise in awareness about the health benefits of the sport in the region, ultimately promoting the horse riding equipment market
Players to Focus on Horse Riding Equipment Market
Some of the key players operating in the global horse riding equipment market include
Various technological advancements in terms of safety of horse riding equipment products are enabling major players in the industry to upgrade their product portfolio to meet the regulatory requirements
Agrihealth: On September 1, 2018, Agrihealth – player involved in distribution of veterinary and equipment products – announced the acquisition of Mackey Equestrian, an equestrian equipment distributor in Ireland. This strategic cross-industry and domain takeover can complement the existing business portfolio of Agrihealth, strengthening its footprint in the equestrian equipment marketplace in the United Kingdom, Ireland and beyond.
Scope of the Report
By Type
By Equipment
By Distribution Channel
By Region
Key Reasons to Purchase this Report
1.1 Market Vision
1.1.1 Market Definition
1.1.2 Market Scope
1.2 Market Segmentation
2.1 Our Research Methodology
2.2 Data Triangulation
2.3 Data Sources
2.4 Assumptions for the study
2.5 Approach Adopted
3.1 Market Snapshot
3.2 Regional Snapshot
3.3 Segment Summary
4.1 Overview
4.2 Prevalence analysis
4.3 Key Factor Impact Analysis
5.1 What’s Driving the Market
5.2 Porter’s Five Forces Analysis
5.2.1 Power of Suppliers
5.2.2 Threats From New Entrants
5.2.3 Power of Buyer
5.2.4 Threat From Substitute Product
5.2.5 Degree of Competition
6.1 Overview
6.1.1 Global Smart Manufacturing Market Value, 2019 – 2028, (US$ Bn)
6.2 Market Overview
6.2.1 Drivers Analysis
6.2.2 Restraint/Challenges analysis
6.2.3 Opportunity Analysis
6.3 Supply Chain/Value Chain Analysis
6.4 Market SWOT Analysis
7.1 Overview
7.2 Key Findings for Smart Manufacturing Market- By Technology
7.2.1 Smart Manufacturing Market- Supervisory Controller and Data Acquisition (SCADA)
7.2.2 Smart Manufacturing Market- Manufacturing Execution System (MES)
7.2.3 Smart Manufacturing Market- Programmable Logic Controller (PLC)
7.2.4 Smart Manufacturing Market- Distributed Control System (DCS)
7.2.5 Smart Manufacturing Market- Enterprise Resource and Planning (ERP)
7.2.6 Smart Manufacturing Market- Product Lifecycle Management (PLM)
7.2.7 Smart Manufacturing Market- Human Machine Interface (HMI)
8.1 Overview
8.2 Key Findings for Smart Manufacturing Market- By Component
8.2.1 Smart Manufacturing Market- Robotics
8.2.2 Smart Manufacturing Market- Communication Segment
8.2.3 Smart Manufacturing Market- Control Device
8.2.4 Smart Manufacturing Market- Sensor
8.2.5 Smart Manufacturing Market- Machine Vision Systems
9.1 Overview
9.2 Key Findings for Smart Manufacturing Market- By End User
9.2.1 Smart Manufacturing Market- Oil and Gas
9.2.2 Smart Manufacturing Market- Automotive
9.2.3 Smart Manufacturing Market- Pharmaceutical
9.2.4 Smart Manufacturing Market- Chemical and Petrochemical
9.2.5 Smart Manufacturing Market- Metals and Mining
9.2.6 Smart Manufacturing Market- Food and Beverage
10.1 Key Findings for Smart Manufacturing Market- By region
10.2 Overview
10.2.1 Global Smart Manufacturing Market Analysis, By Technology, 2019 – 2028
10.2.2 Global Smart Manufacturing Market Analysis, By Component, 2019 – 2028
10.2.3 Global Smart Manufacturing Market Analysis, By End User, 2019 – 2028
10.3 Smart Manufacturing Market – North America
10.3.1 Overview
10.3.2 U.S.
10.3.3 Canada
10.3.4 Mexico
10.3.5 North America Market, By Technology
10.3.6 North America Market, By Component
10.3.7 North America Market, By End User
10.4 Smart Manufacturing Market – Europe
10.4.1 Overview
10.4.2 Germany
10.4.3 United Kingdom
10.4.4 France
10.4.5 Italy
10.4.6 Rest Of Europe
10.4.7 Europe Market, By Technology
10.4.8 Europe Market, By Component
10.4.9 Europe market by, End User
10.5 Smart Manufacturing Market – Asia Pacific
10.5.1 Overview
10.5.2 China
10.5.3 Japan
10.5.4 India
10.5.5 Rest of APAC
10.5.6 Asia Pacific Market, By Technology
10.5.7 Asia Pacific Market, By Component
10.5.8 Asia Pacific Market, By End User
10.6 Smart Manufacturing Market – LAMEA
10.6.1 Overview
10.6.2 Middle East & Africa (MEA)
10.6.3 Latin America
10.6.4 Rest Of World
10.6.5 Latin America, Middle East and Africa Market, By Technology
10.6.6 Latin America, Middle East and Africa Market, By Component
10.6.7 Latin America, Middle East and Africa Market, By End User
11.1 Market Share/Positioning Analysis
11.1.1 Market Positioning of Key Vendors, 2019
11.1.2 Key Strategies Adopted by the Leading Players
11.1.3 Recent Developments
12.1 ABB
12.1.1 Business Fundamentals
12.1.2 Financial Snapshots
12.1.3 Product Portfolio
12.1.4 Recent Developments
12.2 Rockwell
12.3 Emerson Electric
12.4 Schneider
12.5 Siemens
12.6 IBM
12.7 General Electric
12.8 Honeywell
12.9 Texas Instruments Incorporated
12.10 Mitsubishi Electric Corporation
*More than 10 Companies are profiled in this Research Report*
*Financials would be provided on a best efforts basis for private companies”
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