Press release
Driving Apparel Market is Projected to Bring in US$18,565.0 mn Revenues by 2025
Leading players in this market, namely Alpinestars S.p.A., Dainese S.p.A., Fox Head Inc., Scott Sports SA, ThorMX, PUMA SE, and Adidas AG are hard-focused on product innovation and improvement of existing products to increase their competitiveness in the industry. They are also resorting to carefully crafted mergers and acquisitions and strategic alliances in order to strengthen their position, which will make the market somewhat consolidated.
According to the TMR report, the global market for driving apparel will clock a CAGR of 5.3% for the 2017-2025 forecast period vis-à-vis revenue. Progressing at this pace, the market’s valuation of US$12,030.3 mn in 2016 will present an opportunity worth US$18,565.0 mn by the end of 2025.
Among the key product types, protection gear stood as the leading revenue contributor in 2016 accounting for almost 50% market share. The two wheelers segment, among the key vehicle types, held the leading market share in 2016. Going forward, the two wheelers segment is likely to grow at a significant rate for the 2017-2025 forecast period. Geography-wise, Asia Pacific emerged as the most lucrative market for driving apparels in 2016.
Use of Protection Gear Stipulated by Government Laws in Developed Countries a Boon for Market
Request For Report Sample: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=17717
The global market for driving apparel is primarily driven by the surge in adoption of protection gear and safety accessories among vehicle riders to prevent serious injuries and even death. Safety regulations and laws that mandate the use of helmets, jackets, and other protective clothing are in place in several countries around the world, which in turn, is fuelling the market’s growth. For instance, in developed countries such as the U.S., there are strict safety laws regarding the use of helmets and other protection gear for motorbike riders. In Germany, the government have legislated various strict laws for the usage of protection apparel while driving as these apparel minimize the risk of serious injurious by controlling the impact of collision on the rider’s body during an accident.
Driving apparel is also recommended by motor safety agencies as they are thicker and heavier than normal clothing along with features such as weatherproof closures and pockets, higher collars, substantial zips, and are even equipped with armor. For instance, jackets and pants are generally made of leather or specific fabrics. In addition, jackets used for driving include heavy padding on the spine, shoulder, and elbow. Gloves are usually made of leather and carbon fiber with knuckle protection. Driving boots, particularly the ones manufactured for sport riding comprise plastic caps on toes and ankle to provide ample protection.
Request For Report Brochure: https://www.transparencymarketresearch.com/sample/sample.php?flag=CR&rep_id=17717
Further, the rising popularity of motorsports that have their own perils are bound by government laws to use quality protective gear for individuals who participate in the spectacle. Moreover, easy availability of protective gear such as jackets, helmets, boots, and other protective clothing across a number of retail channels is likely to bolster the market’s growth.
Presence of Numerous Unorganized Product Manufacturers Crimps Growth
On the downside, the growth of the driving apparel market is challenged by intense competition from the unorganized sector. The presence of a large number of local manufacturers that are involved in the production of sub-standard products available at low prices is giving stiff competition to this market.
The review presented here is based on the findings of a TMR report, titled “Driving Apparel Market (Product – Clothing, Footwear, and Protection Gear; Vehicle – Two Wheeler and Four Wheeler) - Global Industry Analysis, Trend, Size, Share and Forecast, 2017 – 2025.”
About US
Transparency Market Research (TMR) is a next-generation provider of syndicated research, customized research, and consulting services. TMR’s global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
Contact US
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
Website: https://www.transparencymarketresearch.com/
Email: sales@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 Apparel Market is Projected to Bring in US$18,565.0 mn Revenues by 2025 here
News-ID: 857523 • Views: …
More Releases from Transparecny Market Research
Global Microgrid Controller Market Forecast 2024-2034 - Market Size, Drivers, Tr …
The global microgrid controller market is witnessing significant growth as decentralized energy systems gain traction. Microgrid controllers, the nerve centers of microgrids, manage distributed energy resources (DERs), ensuring efficient energy distribution, storage, and consumption. These systems provide resilience, optimize costs, and integrate renewable energy sources like solar and wind into the grid seamlessly.
The market is projected to grow at a robust compound annual growth rate CAGR 12.8 from 2024 to…
Lithium Tantalate Crystal Market to hit USD 790 million by 2027, Says Transparen …
The Lithium Tantalate Crystal Market has been witnessing a substantial surge from 2019 to 2027, attributed to its diverse applications across various industries. Lithium Tantalate (LiTaO3) crystals find extensive usage in electronics, telecommunications, and optoelectronics owing to their exceptional piezoelectric and electro-optic properties.
Lithium Tantalate Crystal market is expected to reach a valuation of US$ 790 million by the end of the forecast period, which spans from 2019 to 2027. Additionally,…
North America Climbing Gym Market Size & Share to Surpass USD 1.9 billion by 203 …
The global North America Climbing Gym Market (سوق التسلق في أمريكا الشمالية) has been sailing through robust waters, witnessing a valuation of US$ 947.7 million in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 8.5% from 2023 to 2031. By the end of 2031, the industry is expected…
Multi-functional Printer Market is expected to grow at 7.2% of CAGR through 2023 …
The global Multi-functional Printer Market (複合機市場) has been sailing through robust waters, witnessing a valuation of US$ 31.2 billion in 2022. As we set our sights on the horizon, the market is poised to embark on a journey of steady growth, with a projected Compound Annual Growth Rate (CAGR) of 7.2% from 2023 to 2031. By the end of 2031, the industry is expected to anchor at an impressive US$…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
