Press release
Driving Apparel Market To Rise at a CAGR of 5.3% between 2017 - 2025
A report by Transparency Market Research (TMR) forecasts the global driving apparel market to rise at a CAGR of 5.3% between 2017 and 2025. Proliferating at this rate, the market’s valuation of US$12,030.3 mn in 2016 will become US$18,565.0 mn by the end of 2025 in terms of revenue.
Global Driving Apparel Market: Overview
This report on driving apparel market highlights the current market summary scenario along with the future expected market growth during the forecast period from 2017 to 2025. Moreover, various economic, political, technological and social factors that are likely to affect the present and future demand of driving apparels have also been provided in this report. In addition, information of major players operating in the market along with their market share and major strategies adopted in order to maintain leading position is also given in this report. The report also contains the current market size of driving apparels in terms of revenue (USD Million) and predictive forecast from 2017 to 2025. On the basis of geography, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
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Global Driving Apparel Market: Market Dynamics
There has been increasing cases of road accidents worldwide, owing to lack of driving skill, street racing, notable speeding, impairment due to alcohol and drugs and several other factors. Hence, various safety laws have been implemented by governing bodies worldwide regarding usage of helmets, jackets and other driving apparels. This factor is expected to fuel the growth of the market to a huge extent. Motorsports is one of the fastest growing and most popular spectator sports across the world. For example, annual crowd appearance at all U.S. motorsports events is assessed to be more than 15 million. With increasing occurrence of such racing events, the demand for protection clothing is also rising, primarily due to safety issues of the rider and implementation of strict laws in order to prevent critical injuries in the event of an accident. In addition, there has been a surge in adoption of e-commerce among consumers in developing countries, which in turn increased online retail sales of these apparels. Leading manufacturers are continuously focused on technological innovation and integration in material composition and design of driving apparels, which in turn is likely to create significant growth opportunity for the market.
However, various local and small scale manufacturers are continuously involved in production of helmets and other protection accessories at much lower price than branded products, which in turn is likely to hinder the growth of the organized sector for driving apparels.
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Global Driving Apparel Market: Market Segmentation
Some of the major types of driving apparel available in the market are helmets, gloves, boots, jackets and pants among others. Motorcycle shoes are normally made from thick and heavy leather and also include load spreading and energy absorbing padding, metal, composite and plastic materials to protect the feet, legs and ankles of motorcycle rider in an accident. The combination of a motorcycle jacket and pant provides full body protection and is a more flexible option than separate clothing. Moreover, protection gear includes helmets, gloves, knee cap, elbow cap, face mask, chest and spine guards and other protection accessories, which provide protection to the rider in case of an accident.
Based on product type, the global driving apparel market is majorly driven by protection gear with highest market share in 2016. There is high demand for helmets, gloves, spine guards and other protection accessories, as these products provide superb protection from injury and have good abrasion resistance. Moreover, these apparels cover the most vulnerable part of the body.
By vehicle type, the two wheeler segment held the largest share of the market in 2016 and is expected to maintain its dominance in the coming years. Two wheelers fulfill a strong need for speed, economic and convenience in personal mobility. Motorcycles are often viewed as a mode of recreation in developing market, where people often use them as primary means of affordable transportation. Moreover, with increasing worldwide popularity for motorsports, usage of biker jackets, helmets and other protection accessories for two wheelers are rising at an enormous rate for safety purposes.
Global Driving Apparel Market: Competitive Landscape
Some of the major players operating in the driving apparels market include Alpinestars S.p.A. (Italy), Dainese S.p.A. (Italy), Fox Head, Inc. (U.S.), Scott Sports SA (Switzerland) and ThorMX (U.S.), PUMA SE, Adidas AG.
The global driving apparel market has been segmented as follows:
Global Driving Apparel Market, By Product Type
Clothing
Footwear
Protection Gear
Global Driving Apparel Market, By Vehicle Type
Two Wheeler
Four Wheeler
Others
Global Driving Apparel Market, By Geography
North America
The U.S.
Rest of North America
Europe
UK.
Germany
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Rest of Asia Pacific
Middle East and Africa (MEA)
A.E
South Africa
Rest of Middle East and Africa
Latin America
Brazil
Rest of Latin America
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Table of Content
Chapter 1 Preface
1.1 Research Scope
1.2 Market Segmentation
1.3 Research Objectives
1.4 Key Questions Answered
Chapter 2 Assumptions and Research Methodology
2.1 Report Assumptions
2.2 Acronyms Used
2.3 Research Methodology
Chapter 3 Executive Summary
3.1 Global Driving Apparel Market Snapshot
3.2 Market Opportunity Map
Chapter 4 Market Dynamics
4.1 Overview
4.2 Key Trend Analysis
4.3 Drivers and Restraints Snapshot Analysis
4.3.1 Drivers
4.3.2 Restraints
4.3.3 Opportunity Analysis
4.4 Company Market Share Analysis
4.5 Competitive Strategies Adopted by Major Players
4.6 Market Attractiveness Analysis
Chapter 5 Driving Apparel Market Analysis, by Product Type
5.1. Introduction
5.2 Global Driving Apparel Market Value Share Analysis, by Product Type
5.3 Global Driving Apparel Market Revenue and Forecast, By Product Type
5.4 Clothing
5.5 Footwear
5.6 Protection Gear
Chapter 6 Driving Apparel Market Analysis, by Vehicle Type
5.1. Introduction
5.2 Global Driving Apparel Market Value Share Analysis, by Vehicle Type
5.3 Global Driving Apparel Market Revenue and Forecast, By Vehicle Type
5.4 Two Wheeler
5.5 Four Wheeler
5.6 Others
Chapter 7 Driving Apparel Market Analysis, by Region
7.1 North America
7.2 Europe
7.3 Asia Pacific
7.4 Middle East & Africa
7.5 Latin America
7.6 Geographical Scenario
7.7 Driving Apparel Market Value Share Analysis, by Region
7.8 Driving Apparel Market Revenue and Forecast, by Region
Chapter 8 North America Driving Apparel Market Analysis, 2015-2025
8.1 North America Driving Apparel Market Value Share Analysis, by Product Type
8.2 North America Driving Apparel Market Revenue and Forecast, by Product Type
8.3 North America Driving Apparel Market Value Share Analysis, by Vehicle Type
8.4 North America Driving Apparel Market Revenue and Forecast, by Vehicle Type
8.5 North America Driving Apparel Market Value Share Analysis, by Country Type
8.6 North America Driving Apparel Market Revenue and Forecast, by Country Type
8.7 U.S. Driving Apparel Market Analysis
8.8 Rest of North America Driving Apparel Market Analysis
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