Connected Equestrian Equipment to Provide a Significant Growth Impetus
New technologies in the equine space are being introduced that enable accurate measurements and recording of horse health that can be used by trainers. Smart equestrian equipment for the sport dedicated toward horse performance and care has largely impacted the market.
Enthusiasts and professionals alike are inclined toward the use of advanced novelties in the equestrian equipment space that provide metrics that are used to improve training methods. For instance, the advanced synchronicity system displayed at BETA (British Equestrian Trade Association) enables assessment using sensors in reins that can measure riders' contact with reins at every instant.
Likewise, and advanced connected equipment that measures and records horizontal and vertical jump height, breathing rate, calories burned, minimum and average speeds, and overall horse health.
The information can be streamed using a mobile application, with a feature of continuous run-time monitoring and analysis. Advanced equestrian equipment can be used by coaches to provide accurate assessment and correct imbalances in both the rider and the horse. This aspect is likely to influence demand for technologically advanced equestrian equipment in the forthcoming years.
Participation of Over 16 Million Individuals to spur Equestrian Equipment Sales
Sales of equestrian equipment are largely influenced by the increasing investment of individuals in recreational sporting activity. The fast-paced lifestyle of individuals has triggered the rising participation of people in several recreational activities and equestrian sporting is no exception.
Equestrian sporting has gained significant traction in the past few years marked by the increasing participation of people on the global front. For instance, according to the American Horse Council, more than 2 million people from the United States alone are engaged in the sport on an annual basis and the number is likely to increase in the coming years.
Equine Business Association estimates that more than 16 million individuals worldwide are expected to participate in the sport. This factor is expected to pave potential growth pathways for equestrian equipment manufacturers, in turn impacting the market in the coming years.
Significant Increase in Sales of Equestrian Equipment on the Back of Bourgeoning Equestrian Clubs
Realizing the growing preference for equestrian sport, the number of equestrian clubs across the globe is increasing at a high rate. According to FEI (Federation for Equestrian Sports), the equestrian club's sector has witnessed an upswing with developing countries at the forefront, particularly China.
FEI estimates that a number of clubs in developing countries have reflected an increase of six to seven percent in 2017 and the rate is likely to continue in the following years. This aspect is expected to complement the growth of the equestrian equipment market throughout the period of forecast.
Championships Creating Significant Avenues for Equestrian Equipment Manufacturers
Various regulatory bodies are focused on promoting equestrian sports by initiating championships across countries worldwide in a bid to enhance customer awareness. Federation for Equestrian Sports (FEI) organizes world championships every four years. Likewise, USEA (United States Eventing Association) conducts AEC (American Eventing Championships) for equestrian sport in the U.S.
These sporting events and championships are paving potential avenues for equestrian equipment manufacturers who can promote their products across a huge customer base under one roof.
Moreover, equestrian equipment demand is also influenced by growing horse fairs. Chinese Equestrian Industry of China is planning to conduct CHF (China Horse Fair) in October 2018. These activities are expected to contribute to the overall growth of the equestrian equipment market during the assessment period.
Media Impact on Enthusiasts to Fuel Equestrian Equipment Demand
Broadcasting of horse races using networks such as live racing, horse racing radio network,s, etc., are likely to enhance interests among young enthusiasts, in turn pushing their participation in equestrian sports. This aspect continues to boost the demand for equestrian equipment with enthusiasts inclined toward purchasing advanced equestrian equipment.
Moreover, apart from broadcasting horse races, media has indirectly supported the growth of the equestrian equipment market by creating a platform for the sport using TV shows and films.
This has influenced the participation of equestrian enthusiasts in clubs across the globe. In addition, films such as The Cup, Shannon’s Rainbow, and Let It Ride are creating a significant impact on the youth worldwide. This has boosted the participation of youngsters in the sport, consequently creating momentous demand for equestrian equipment.
The report on the equestrian equipment market includes a detailed assessment of key manufacturers and suppliers of equestrian equipment across the globe. The section on competitive landscape provides insights on various developments, strategies, and product portfolios of major companies operating in the equestrian equipment market.
The equestrian equipment market report has profiled companies including but not limited to Ariat International, Dainese S.p.A, Cavallo GmbH, and HKM Sports Equipment GmbH.
Companies in the equestrian equipment market are collaborating with equestrian non-profit organizations in a bid to promote their equestrian equipment in championships and local tournaments. Equestrian equipment manufacturing companies are also sponsoring events to enhance their visibility and obtain goodwill.
For instance, Ariat International – a leader in innovative equestrian equipment – has extended its partnership with USEF (US Equestrian Federation) in 2018. The company would be the official equestrian apparel and footwear partner of the federation supplying athletes with equestrian equipment in team competitions. Ariat International has sponsored Champion Scholarship Recipients in 2018, according to EQUUS Foundation. This move has considerably enhanced the goodwill and visibility of the brand.
The cross-industry takeover has been witnessed in the equestrian equipment marketplace. On September 1, 2018, Agrihealth – a player involved in the 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.
Know More Details About the Report
Equestrian equipment is used in equestrian sporting activities, specifically manufactured for riders and equine. Various equestrian equipment such as saddle pads, horseshoes and protection boots, riding boots, helmets, and protective vests are available.
The material used in manufacturing equestrian equipment includes leather, aluminum, fabric, and steel. Equestrian equipment is used across various equestrian sporting categories such as horse trails, recreational horse riding, and jumping sports.
About the Report
The report on the equestrian equipment market provides an in-depth assessment of the overall equestrian equipment market across key regions worldwide. The report includes key analysis from the equestrian equipment demand and sales perspective, revealing key revenue pockets across the globe.
The report on equestrian equipment provides vital insights on major product types and their sales intelligence across various consumer segments. The equestrian equipment market report includes historical data analysis, current equestrian equipment scenario, and future projections for a period of ten years, from 2018 till 2028.
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Additional Questions Answered
Apart from aforementioned findings, the equestrian equipment market report addresses additional questions such as:
- Which is the most lucrative channel for sales of equestrian equipment?
- Can sales of equestrian equipment among individual buyer type surpass those of institutional counterparts?
- What is the revenue share of equine equipment and to what extent does it complement growth of the equestrian equipment market?
- Which rider equipment is witnessing the most sales and demand in the equestrian equipment market?
- Which is the most attractive region for equestrian equipment manufacturers from an investment standpoint?
An Adaptive Approach to Modern-day Research Needs
The analysis of the equestrian equipment market is carried out using an exquisite research methodology. Primary and secondary research methods are used in gleaning vital insights on equestrian equipment sales and demand worldwide. Information from these methodologies along with external sources is compiled to obtain high-level analysis on the equestrian equipment market.
The equestrian equipment market report provides detailed analysis on various segments providing a holistic view of the market.
The equestrian equipment market is segmented on the basis of product type, sales channel, buyer type and region.
The equestrian equipment product type category includes assessment on equine equipment (saddle pad, stirrup, saddle, horseshoes and protection boots, snaffle bridle and accessories) and rider equipment (riding boots, gloves, helmets and protective vests).
The buyers of equestrian equipment are classified as individual, institutional and promotional.
Sales channel category is further divided into specialty stores, modern trade channels, direct-to-customer channels and third party online channels.
Region wise, analysis on equestrian equipment demand across North America, Latin America, Europe, Asia Pacific (APAC) and Middle East and Africa (MEA) is provided.
Equestrian Equipment Market Scope Of The Report
Fact.MR has published a new report on the equestrian equipment market and published a report titled, Equestrian Equipment Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2018 to 2028”.
A thorough analysis of the historical data and current market scenario is considered to derive the forecast of the equestrian equipment market. The global equestrian equipment market forecast is backed by an exhaustive market analysis of five geographical regions and in-depth country-wise analysis. The report is divided into a total of 16 chapters to deliver a seamless understanding of the equestrian equipment market. A snapshot of all chapters is provided below.
Chapter 1 - Executive Summary
The chapter of executive summary provides the users with a quick yet affluent information of the equestrian equipment market. Highlighted market data in the form of CAGR and segment growth delivers an overall outlook of the equestrian equipment market.
Chapter 2 – Market Overview
This chapter of the equestrian equipment market report delivers an overview of the market in terms of market introduction and market definition. The section also discusses the scope of the equestrian equipment market report.
Chapter 3 - Sport and Equestrian Industry Outlook
The chapter of the report discusses the sport and equestrian industry outlook. A detailed analysis of the participation in different types of sports, different age group of participants and country-wise trends such as participation and total spending is covered in this section of the equestrian equipment market report.
Chapter 4 - Equestrian Equipment Market – Key Indicators Assessment
This section delivers vital insights into the equestrian equipment market. Key indicators assessment is carried out by thoroughly analyzing market dynamics, forecast factors, and their relative impact on the growth of the equestrian equipment market. Opportunity analysis is carried out using Fact.MR’s proprietary wheel of fortune analysis.
In addition, a thorough supply chain analysis can be found which can enable readers to identify key manufacturers, profitability margin and key suppliers and distributors in the equestrian equipment market.
Chapter 5 - Global Equestrian Equipment Market - Price Point Analysis
A thorough price point analysis of the equestrian equipment market is discussed in this section of the report. Price point assessment by region and price point assessment by product type is thoroughly analyzed in this section.
Chapter 6 - Global Equestrian Equipment Market Analysis and Forecast
In this section of market analysis and forecast, market value share, Y-o-Y growth and attractiveness analysis of the equestrian equipment market can be found. The section also discusses the market taxonomy which includes discussion on market segments that are categorized based on product type, buyer type, and sales channel type of the equestrian equipment market.
Chapter 7 - North America Equestrian Equipment Market Analysis
North America equestrian equipment market is discussed thoroughly in this section. The regional analysis is backed by an in-depth country-wise analysis and market assessment of equestrian equipment segmentations in North America.
Chapter 8 - Latin America Equestrian Equipment Market Analysis
In this section, readers can find the market forecast of the Latin America equestrian equipment market. The regional analysis is backed by country-wise analysis of Brazil, Mexico, Argentina, and Rest of LATAM. In addition, market assessment of individual market segments including different product types, buyer types,s, and sales channels in the equestrian equipment market is provided.
Chapter 9 - Europe Equestrian Equipment Market Analysis
The equestrian equipment market in the European region is discussed in this section of the report. The forecast of the European equestrian equipment market is based on a thorough country-wise analysis of the EU4, UK, Benelux, Nordic, Eastern Europe and rest of Europe. In addition, readers can find a thorough analysis of the individual market segments in the Europe equestrian equipment market report.
Chapter 10 - APAC Equestrian Equipment Market Analysis and Forecast
The chapter delivers the equestrian market outlook in the Asia Pacific (APAC) region. The regional analysis is based on the country-wise sales assessment of Greater China, India, ASEAN, Australia & New Zealand, and rest of APAC.
APAC equestrian market analysis is also discussed for all the market segments mentioned in the market taxonomy.
Chapter 11 - MEA Equestrian Equipment Market Analysis and Forecast
The equestrian equipment market analysis in the Middle East and Africa region is offered in this section of the report. MEA equestrian equipment market outlook is analyzed for GCC countries, South Africa, North Africa and rest of MEA. The equestrian equipment market growth is also discussed for all the market segments mentioned in the market taxonomy.
Chapter 12 - Competitive Assessment
In the chapter of competitive assessment, readers can find vital insights regarding the key companies operating in the global marketplace of the equestrian equipment market. Along with the dashboard view of the key market players, market structure, company share analysis, intensity mapping for the presence of key participants, and competition analysis is offered in this chapter.
Chapter 13 – Company Profiles
The chapter delivers an in-depth assessment of the equestrian equipment market companies and delivers company profiles by including vital information such as company overview, company production capacity, market size and notable business strategies.
Chapter 14 – Appendix
In the appendix chapter, the Y-o-Y growth of the individual market segments in terms of assessed and forecasted values throughout the forecast period is provided.
Chapter 15 - Assumptions and Acronyms Used
This chapter delivers a comprehensive list of assumptions used during the course of the equestrian equipment market study can be found. An exhaustive list of acronyms used in the equestrian equipment market report is also offered in this section.
Chapter 16 – Research Methodology
The methodology of research used during the course of the equestrian equipment market study can be found in this chapter. Detailed information regarding the primary and secondary resources used for the research analysis of the equestrian equipment market is also covered.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
Is a sample of this report available for evaluation?
Yes, you can request a sample, and it will be sent to you through an email.