India Horse Riding Equipment Market Synopsis
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 .
Market Drivers of the market
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.
Challenges of the Market
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.
Covid-19 Impact on the Market
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.
Key Players of the Market
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.
Key Highlights of the Report:
- India Horse Riding Equipment Market Outlook
- Market Size of India Horse Riding Equipment Market, 2024
- Forecast of India Horse Riding Equipment Market, 2031
- Historical Data and Forecast of India Horse Riding Equipment Revenues & Volume for the Period 2021-2031
- India Horse Riding Equipment Market Trend Evolution
- India Horse Riding Equipment Market Drivers and Challenges
- India Horse Riding Equipment Price Trends
- India Horse Riding Equipment Porter's Five Forces
- India Horse Riding Equipment Industry Life Cycle
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Helmets for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Vests for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Stirrups for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Saddle for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Halters for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Bridles for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Accessories for the Period 2021-2031
- Historical Data and Forecast of India Helmets Horse Riding Equipment Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Price Range for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Mass for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Premium for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Material Type for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Wooden for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Metal for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Plastic for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Leather for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Equipment Type for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Equine Equipment for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Rider Equipment for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Consumer Orientation for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Male for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Female for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Kids for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By End-user for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Amateurs for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Professionals for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Sales Channel for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Hypermarket/Supermarket for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Independent Sports Outlet for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Sports Retail Chain for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Franchised Sports Outlet for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Direct-to-Customer Online Channel for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Direct-to-Customer Institutional Channel for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Modern Trade Channels for the Period 2021-2031
- Historical Data and Forecast of India Horse Riding Equipment Market Revenues & Volume By Third Party Online Channels for the Period 2021-2031
- India Horse Riding Equipment Import Export Trade Statistics
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Price Range
- Market Opportunity Assessment By Material Type
- Market Opportunity Assessment By Equipment Type
- Market Opportunity Assessment By Consumer Orientation
- Market Opportunity Assessment By End-user
- Market Opportunity Assessment By Sales Channel
- India Horse Riding Equipment Top Companies Market Share
- India Horse Riding Equipment Competitive Benchmarking By Technical and Operational Parameters
- India Horse Riding Equipment Company Profiles
- India Horse Riding Equipment Key Strategic Recommendations