Global Horse Saddle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Horse Saddle Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Market Overview:

The latest research study on the global Horse Saddle market finds that the global Horse Saddle market reached a value of USD 648.79 million in 2022. It’s expected that the market will achieve USD 899.49 million by 2028, exhibiting a CAGR of 5.6% during the forecast period.

Influence of COVID-19 Outbreak on Horse Saddle Industry Development

COVID-19 has had a moderate impact on the global saddle market. The first stage of the blockade led to a reduction in equestrian activities, and many equestrian-related events were also forced to be suspended, resulting in a decline in the demand for saddles. At the same time, it has brought about the shortage of raw materials and the difficulties of supply chain interruption. However, the COVID-19 pandemic will not have much impact on the growth of the saddle market, because as the epidemic improves and normal life and production activities resume, the demand for saddles will also recover. The blockade restrictions imposed by many countries at the beginning of the 2020 pandemic have little negative impact on the saddle market.
Due to the impact of COVID-19, the supply chain of the saddle market was interrupted and downstream demand was declining, which caught many small and medium-sized enterprises by surprise, uneven capital turnover, unsalable products, and even production suspension. The suspension of production not only exacerbated the shortage of funds for small and medium-sized enterprises, but also reduced the solvency of enterprises and affected production and sales. Some companies have difficulties in business operations and even went bankrupt. As the epidemic was gradually brought under control, some factories began to resume work. However, in the process of production and operation, companies need to protect the lives and health of employees, such as purchasing masks, disinfectants, and other epidemic prevention materials, disinfecting the working environment before and after production, and checking the body temperature of employees every day to ensure their health. These measures will increase the production cost of the enterprise and affect the development of the enterprise.

Restraints

Horse riding is a dangerous activity. Every year, horseback riders are injured, hospitalized or died due to horse-related accidents and injuries. Despite technological advancements in equestrian safety equipment, people still find that horseback riding is more dangerous than riding motorcycles, skiing, football and rugby. Even for experienced riders, riding a horse can be dangerous. Horse riders are injured or even killed every year, and the injury can be as serious as spinal cord injury or paralysis. For some reason, it is difficult to say how dangerous horse riding is. First of all, there are many types of horse riding, and they all have unique risks. Although the risk is much greater for inexperienced riders, even veterans can be unlucky or caught off guard in dangerous situations. Many injuries can also occur when the rider is on the ground around the horse. Therefore, concerns about the dangers of equestrian sports may limit the growth of saddle demand to a certain extent, thereby restricting the development of the global saddle market.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Voltaire Group, Steuben and Tex Tan with the revenue market share of 5.80%, 4.75% and 4.09% in 2020.

Voltaire Group is a group of French saddlery manufacturers. With its bold innovation strategy, it has become one of the world's leaders in high-end sports saddlery in less than 10 years. Voltaire Group is: 7 brands (including Forestier, Voltaire Design and Equisense), 200 employees worldwide, 5 subsidiaries, saddle distribution in 12 countries, and 85% of its turnover is exported.

Stuebben produces and supplies personalized saddles and reins for all disciplines. Drill bits, care products, supplementary feeds, exquisite accessories and a variety of personalized saddles and different products suitable for all equestrian events.

Segmentation Overview:

Among different product types, Leather Saddle segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Specialty Stores segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Horse Saddle market covered in Chapter 3:

Tex Tan
Fabtron Inc.
Voltaire Group
Steuben
Kieffer
Billy Cook
Saddlery Brands International
Tekna
SaddleOnline
Talabartería Ruiz Diaz SA
Circle Y

In Chapter 4 and Chapter 14.2, on the basis of types, the Horse Saddle market from 2018 to 2029 is primarily split into:

Leather saddle
Synthetic saddle

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Horse Saddle market from 2018 to 2029 covers:

Specialty Stores
Sports Goods Shops
Supermarkets and Hypermarkets
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)