openPR Logo
Press release

Driving Apparels: Savvy Companies Resort to Strategic Partnerships and Mergers and Acquisition in the Global Driving Apparels Market

01-20-2017 08:44 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: TMR

Driving Apparels: Savvy Companies Resort to Strategic

Numerous small and medium sized businesses are jostling for space in the global market for driving apparels. The top three players, namely Alpinestars S.p.A, Fox Head, Inc., and Dainese S.p.A., account for just a quarter of the share in the market. As a result, the market is highly fragmented and competitive too. Some of the popular strategies of savvy companies operating in the market are product differentiation leveraging latest technologies and carefully-considered partnerships and mergers and acquisitions. In July 2014, for example, Adidas partnered with popular football club Manchester United to promote its products globally. This helped Adidas to bolster its sales and market position in different geographies.

The global market for driving apparels was worth US$11.8 bn in 2015. Expanding at a CAGR of 4.6% from 2016 to 2024, it is predicted to attain a value of US$17.2 bn by the end of 2024.

Get PDF Brochure for more Professional and Technical insights at
http://bit.ly/2jT9Zqe

What factors are stoking demand for driving apparels?

At the forefront of stimulating demand in the global market for driving apparels is the alarming increase in the number of accidents. This has led to the crafting of strict rules mandating the use of helmets, jackets, and other protective clothing while riding or partaking in motorsports. The soaring popularity of motorsports such as Formula One, IndyCar, and MotoGP has also stoked demand for jackets, knee caps, gloves, elbow caps, helmets, etc.

Driving apparels by dint of being thicker and heavier than normal clothing protect from injuries in case of sudden impact. Their other unique features are weatherproof closures and pockets, substantial zips, and higher collars. Driving their market is also product innovation and rising spending power of people around the world which has led to higher uptake of quality gear for safety purposes.

How are cheaper products crimping growth in the market?

Leading players in the global driving apparels market are faced with tough competition from local players threatening to dent their market shares. The small and medium-sized players comprise what is known as the unorganized sector, especially in the densely populated fast growing economies of China and India. They are increasingly changing the current market dynamics by flooding the market with cheaper and poorer quality products. This has put a downward pressure on prices of goods thereby hampering growth in the market. Duplicate products available in markets in another cause of worry for big names in the industry as it lowers sales of their products.

What is driving growth in leading Asia Pacific market?

Asia Pacific, powered by the emerging economies of China and India, accounts for a dominant share in the global driving apparels market. The growing penetration and popularity of international brands and a host of government regulations to bring about road safety has majorly contributed to the market in the region. Going forward, Asia Pacific is predicted to acquire a leading share of 35.77% in the global driving apparels market by 2024. Besides Asia Pacific, the market in Europe will likely see solid growth too because of technological advancements in designs and growing awareness about safety among people in the region.

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Driving Apparels: Savvy Companies Resort to Strategic Partnerships and Mergers and Acquisition in the Global Driving Apparels Market here

News-ID: 417882 • Views:

More Releases from TMR

Emerging Opportunities in Logistics Market with Current Trends Analysis
Emerging Opportunities in Logistics Market with Current Trends Analysis
The global Logistics market is estimated to attain a valuation of US$ 15,273.21 Bn by the end of 2027, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 4.5% during the forecast period, 2019-2027. The key objective of the TMR report is to offer a complete assessment of the global market including major leading stakeholders of the
Energy Measurement IC Market is expected to reach US$ 8.39 Bn by the end of 2031
According to a Transparency Market Research (TMR) research report, the global energy measurement ic market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 8.39 Bn by the end of 2031. The study on the energy measurement ic market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The
STATCOM UPS Market to Register Double Digit Growth Rate of 16% CAGR by 2024
Over the last decade, rising number of industries and utilities are opting for static synchronous compensator or STATCOM UPS instead of static VAR compensator or SVC UPS. Low harmonic emission coupled with high speed of response is accentuating the expansion of India STATCOM UPS market now and in times to come. Playing a crucial role in voltage control and compensation of reactive power, STATCOM UPS is likely to keep its
Thin Wafer Processing and Dicing Equipment Market US$692.5 mn by 2024 - TMR
Transparency Market Research (TMR) estimates that the global thin wafer processing and dicing equipment market has a highly consolidative landscape. Disco Corp. accounted for largest share of 56.4% in 2015 and likely to be dominant in the coming years. This is creating monopoly in the thin wafer processing and dicing equipment market in terms of competitive presence. The other key players such as EV Group, Plasma-Therm LLC, Lam Research Corp,

All 5 Releases


More Releases for Driving

Accelerate Driving Tuition – Training Students with the Best Driving Lessons G …
Accelerate Driving Tuition is a reputable Glasgow based driving school that has been in existence since 1998. It was started by Steven Love an approved instructor, and since then it has grown abundantly to benefit people, who desire to learn driving in a fully-fledged manner. Driving lessons Glasgow covers a wide area to offer people with full value for money, without any compromise done with quality. All the instructors at
2nd Global Trigeneration Summit - Driving Efficiency, Driving Sustainability
The use of trigeneration technology is spreading throughout developed countries like Australia, UK, USA and some European countries. Trigeneration, also known as combined heat, power and cooling (CHPC), is the process by which waste heat produced by a co-generation plant is used to generate chilled water for air conditioning or refrigeration. Trigenerative technologies have a range of purposes that can be used in public and private institutions such as airports,
Reduce Accident Risk with Expert Driving Lessons, Luton Driving School Advises
One in five new drivers crashes their car within six months of passing their test, so it is vital that learner drivers prepare for all possible road situations while they are taking driving lessons, Luton Driving School Drive Johnsons suggests. When learning to drive, it is very tempting for young people to rush through lessons to pass and then race around the roads to show off to friends. But when
Alconbury Driving Centre, A Perfect Place to Hone Driving Skills & Techniques
The roads of Cambridgeshire could soon be safer, thanks to a revolutionary new driver-training centre. Alconbury Driving Centre aims to teach drivers from teenage beginners to more experienced drivers advanced driving techniques. The centre, which boasts a mile-long six-lane ‘virtual motorway’, a skid car and a Driving Zone, gives drivers the safe opportunity to learn skills that could save their lives. Huntingdon, Cambridgeshire, UK, February 08, 2012 -- The Alconbury Airfield,
Road Ace or Driving Disgrace? CarDelMar Launches an Alternative International Dr …
Car hire broker creates novel quiz on strange international road rules Hamburg 31.01.2011. Customs and manners in other countries can often seem strange to us but some foreign driving rules are simply incomprehensible. Just to name a few examples, if a driver stops at a zebra crossing in China they risk receiving a fine and it’s against the law to slam a car door in Switzerland. The lawmakers in Memphis,
10-28-2010 | Science & Education
Oasis
Driving theory test : Eco safe driving tips
Following are some eco driving tips you can follow to save money and planet, while cutting down on fuel use and greenhouse gas emissions. Maintain your vehicle: * Do regular car maintenance checks: By doing some routine checks you can cut down on the cost of owning a car as well as fuel emissions. Visit: http://www.pass-test.co.uk/common/frm_comparepage.aspx * Use the right motor oil: Go for "energy conserving"