According to Fact.MR research, the promotional buyer type category is predicted to grow at a 4.3 percent CAGR through 2031. The increased demand for equestrian equipment by promotional buyers can be due to the rising status and visibility of international horse contests such as the Olympics and World Equestrian Games. Due to a large increase in the number of private horse clubs, institutional buyers are likely to continue their dominance with about 60% market share.
Equestrian Equipment Industry Forecast, Trend Analysis, and Competition Tracking – Global Market Insights 2021 to 2031 is the title of a new study produced by Fact.MR on the equestrian equipment market.
The prognosis for the equestrian equipment market is based on a thorough examination of historical data and the current market condition.
Segmentation
The equestrian equipment market research contains in-depth analysis of key segments, giving the reader a comprehensive picture of the market.
Product type, sales channel, buyer type, and region are all used to segment the equestrian equipment market.
Equestrian equipment product types include equine equipment (saddle pad, stirrup, saddle, horseshoes and protection boots, snaffle bridle and accessories) and rider equipment (saddle pad, stirrup, saddle, horseshoes and protection boots, snaffle bridle and accessories) (riding boots, gloves, helmets and protective vests).
Individual, institutional, and promotional buyers of equestrian equipment are divided into three categories.
Specialty stores, modern trade channels, direct-to-customer channels, and third-party web channels are the many types of sales channels.
The demand for equestrian equipment in North America, Latin America, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA) is examined by region.
To overcome severe rivalry emerging from established brand image and limited product portfolio of conventional market competitors, prominent companies in the equestrian equipment market are implementing strategic partnership and collaboration tactics. The growing popularity of horse racing in various nations has prompted manufacturers to pursue strategic expansion in the worldwide equestrian equipment market. For example, in the last half-decade, Ariat International Inc. has begun a strategic purchase of European distributors and has promoted their brand in international equestrian activities. To broaden its restricted geographic footprint, Dainese S.p.A. has launched additional sales offices in rising economies such as India. Cavallo GmbH & Co. KG has begun working with international equestrian sports associations throughout the world in order to build a brand image in the global equestrian equipment industry.
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