Driving Apparel Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Driving apparels include clothing, footwear, protection gears, and other accessories specially designed for motorcycle and car racers. These apparel ensures safety and comfort while driving the vehicle. Driving apparels are designed for both men and women racers. Clothing such as jackets ensure optimum body temperature and control sweat formation which provides comfort to the drivers. Moreover, helmets provide safety while driving which protects the motorcyclist from accidents and other injuries. Footwear ensure the safety and comfort of feet.

MARKET SCOPE

The "Global Driving Apparel Market Analysis to 2031" is a specialized and in-depth study of the consumer goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the driving apparel market with detailed market segmentation by product type, material, distribution channel, and geography. The report provides key statistics on the market status of the leading driving apparel market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   On the basis of product type, the market is segmented into clothing, footwear, protection gear, others
  
•   On the basis of material, the market is segmented into leather, synthetic & natural fibre, others
  
•   On the basis of distribution channel, the market is segmented into supermarkets & hypermarkets, specialty stores, online retail, others.
  

MARKET DYNAMICS

Drivers

•   Rising incidences of accidents while driving is the key factor driving the market growth
  
•   Growing number of motorcyclists and racers across the globe is also boosting the product demand
  
•   Rising awareness about the safety measure while driving owing to increasing number of accidents worldwide is also boosting the product demand.
  

Restraints

•   High product price and availability of cheap and local products may hinder the market growth
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The driving apparel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the driving apparel market in these regions.

IMPACT OF COVID-19 ON DRIVING APPAREL MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. Moreover, the supply chains and distribution networks across the globe have been disrupted by the outbreak of the pandemic which has severely affected the sales of the companies.

MARKET PLAYERS

The report covers key developments in the driving apparel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from driving apparel market are anticipated to lucrative growth opportunities in the future with the rising demand for driving apparel in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the driving apparel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Dainese S.p.A
  
•   Alpinestars
  
•   SCOTT Sports SA
  
•   FOX
  
•   OMP RACING S.p.A.
  
•   LeMans Corporation
  
•   LEATT
  
•   REVZILLA
  
•   STUDDS Accessories Ltd.
  
•   Aero Design & Mfg. Co.
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Driving Apparel Report Scope