| Product Code: ETC386904 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s horse riding equipment import market in 2024 continued to witness a strong presence of top exporting countries including China, Germany, Italy, UK, and Metropolitan France. Despite a slight decline in growth rate from 2023 to 2024, the industry maintained a high Herfindahl-Hirschman Index (HHI) indicating a concentrated market. With a remarkable compound annual growth rate (CAGR) of 19.46% from 2020 to 2024, the import shipments of horse riding equipment in India demonstrate sustained demand and opportunities for market players.

The horse riding equipment market in India is still relatively immature but has witnessed significant growth recently due to rising demand from sports enthusiasts as well as growing awareness about animal welfare regulations among horse owners. According to industry estimates, the size of this market is expected to reach US$ 3 billion by 2025 from its current level of US$ 1 billion .
The India horse riding equipment market has witnessed growth due to various driving factors. The rising popularity of horse riding as a recreational activity and a sport has increased the demand for horse riding equipment. Equestrian sports events and competitions have grown in popularity across the country, further driving the need for specialized riding gear. The growth of equestrian tourism and the establishment of riding schools and clubs have also contributed to the market expansion. With the increase in disposable income and changing lifestyle preferences, there is a growing interest in leisure activities such as horse riding, leading to an upswing in the demand for associated equipment.
The horse riding equipment market in India faces several challenges that impact its growth prospects. One of the significant obstacles is the limited equestrian culture in the country, resulting in a relatively smaller customer base compared to other sports industries. Additionally, the high cost of quality horse riding equipment may deter potential buyers, especially in price-sensitive markets. The lack of standardized safety regulations and certifications can also affect consumer confidence in purchasing equipment. Moreover, the uneven distribution of equestrian facilities and training centers across the country can hinder market growth in specific regions. To expand the horse riding equipment market, fostering equestrian sports, promoting affordable products, and advocating safety standards are crucial steps.
The horse riding equipment market in India has been steadily growing, driven by an increasing interest in equestrian sports and recreational horse riding activities. The market includes products like saddles, bridles, helmets, riding boots, and other accessories. The Covid-19 pandemic initially led to a decline in demand as sporting events and outdoor activities were restricted. However, with the gradual lifting of restrictions, the market witnessed a rebound in demand, fueled by a renewed interest in outdoor sports and recreational activities.
The India horse riding equipment market features both domestic manufacturers and international brands. Key players include Bates Saddles, Phoenix, Wildkart, Decathlon, and India brands like Leather Craft and Royal Sports.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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