According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Driving Apparel Market (Product Type: Clothing [Jackets, Trousers, Suits, and Others], Footwear [Boots, Shoes, and Others], Protection Gear [Helmets, Armor, Gloves, Knee Protection, Elbow Protection, and Others], and Other Accessories [Socks, Scarves, and Others]; Material: Leather, Synthetic, Natural Fiber, and Others; Vehicle Type: Two Wheeler and Four Wheeler; End User: Men and Women; and Distribution Channel: Online [Company-owned Website and e-Commerce Website] and Offline [Hypermarkets & Supermarkets, Specialty Stores, and Brand Stores]) – Global Industry Trends and Forecast, 2019 – 2027, the global Driving Apparel Market is expected to reach US$ 23.97 Billion by 2027 and expand at a CAGR of ~5.4% from 2019 to 2027.
Driving Apparel Market include major Keyplayers such as PUMA SE, Fox Head, Inc., Adidas AG, Scott Sports SA, Under Armour, Inc., ThorMX, Alpinestars S.p.A, OMP Racing S.P.A, Dainese S.p.A, Leatt Corporation and More
As per the report, in terms of end user, the men segment was valued at US$ 10.57 Bn in 2018 and is expected to expand at a CAGR of ~5.4% from 2019 to 2027. Men end user segment still dominates the Driving Apparel Market compared to women. This can be attributed to higher male participation in driving than women. Thus, the demand for driving apparel is more from the men segment. Based on end user, there is a higher demand for driving apparel from the men segment in Asia Pacific than the women segment. This is primarily due to the presence of more male riders compared to women in the region.
Additionally, the report states that the male participation in motor racing games, leisure, and lifestyle activities, etc. is comparatively higher than that of women, thus creating more demand for protective driving clothing among men. Globalization and changing perception about women in society, however, is leading to more number of women using cars, motorcycles, etc., for professional or personal needs. Thus, the women segment is expected to grow at a faster rate than men segment during the forecast period.
Furthermore, Industry Probe analyst says that new companies are entering the Driving Apparel Market due to the increase in consumer demand for driving apparel. Several small and medium enterprises (SMEs) are run by entrepreneurs or partnership approach for assembling and selling driving apparel. Small players are not following the regulatory norms and hence, are able to sell their products at a competitive price. European region has more male riders than women riders. Additionally, participation of women riders in racing events is also nominal compared to male drivers. Moreover, young population in Europe is extensively using protective clothing for adventure sports and racing games, thus boosting the demand for driving apparel.
About Us
Industry Probe is a global market intelligence and advisory firm with an unwavering purpose to help businesses achieve strategic objectives through a varied range of offerings. Based on a unique amalgamation of our big data technology and human intelligence, our services are dedicated to serve the businesses operating in the consumer goods and industrial machinery sectors. Our offerings comprise syndicated research, strategic consulting & advisory services, competitive intelligence, and full-time engagement to bring true & actionable insights into our clients’ business environment. Combining research & technology adoption, playing the perfect mix of the best data, and centered on consumer goods & industrial machinery sectors, Industry Probe believes in targeting one industry at a time.
Contact
1441 Broadway, 6th Floor – # 6131
New York, NY 10018
Contact: +1-917-985-8551
Email: sales@industryprobe.com
Website: https://www.industryprobe.com/
