Driving Apparel Market: Start Focusing a Share of Revenue in Research and Development to Innovating Latest Products
Global Driving Apparel Market: Overview
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.
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Global Driving Apparel Market: Trends and Opportunities
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.
Global Driving Apparel Market: Key Research Aspects
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 South America.
Global Driving Apparel Market: Segmentations
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 Material Type, Synthetic Material held the largest share amongst materials in 2016 and is expected to retain the largest share even in the forecasted year as the availability of alternatives of various synthetic materials are readily available and are the most cost efficient compared to Natural fiber and Leather materials.
By vehicle type, the two wheeler segment held the largest share of the market in 2015 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.) among others.
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