Global Driving Apparel Market Expected to Reach XX Million by 2025
According to a new report published by Reports Monitor titled, “Driving Apparel Market By Grades & Application: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the driving apparel market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.
Rising government regulations, increasing concerns regarding road safety, and growing motorsports popularity are the major drivers for driving apparels market. Further, the availability of jackets, pants, gloves, boots and other protective accessories in retail outlets boost the demand for these products and result into overall market growth. Moreover, increase in trend of riding motorcycles to various nearby or faraway places by following travel influencers fuel up to grow the driving apparels market.
However, various local and small scale manufacturers involved in production of helmets and other protection accessories at much lower price than branded products likely to hinder the market growth.
This report presents a detailed evaluation of driving apparel, which incorporates current industry situations such as market size, growth and demands, market outlook, major players with their key strategies which include investment, mergers and acquisitions, value chain analysis and porter’s evaluation. It covers the marketplace canvas and the boom opportunities in the coming years. The report has been made with an in-depth analysis along with vital inputs from the various industry professionals. The research is accomplished with both extensive primary and secondary data resources supported with either bottom up or top down approach.
Consumer awareness toward road safety and large scale usage of motor vehicles in countries such as, Germany, Italy, France and U.K. boost the market growth in European region. Further, popular safety gear manufacturers available in North American region increase worldwide business in countries like U.S. and Canada. A number of driving apparel retail outlets have opened in countries such as China, Japan, and India, and increasing government regulations are further expected to fuel the demand from Asia-Pacific region.
Key Question Answered: • What will be the market size in 2025 and at what rate it will grow? • What trends, barriers, challenges are influencing its growth? • Who are the major key players in global driving apparel market and what are their strategies? • Which vertical industry is expected to show major growth? • What segment and region will lead the market and why?
The major companies profiled in the report include: Alpinestars S.p.A., Dainese S.p.A., Fox Head, Inc., Scott Sports SA, Baoxiniao holding Co., Ltd., TCX S.r.l., Spartan ProGear Co., Solace Gears, Zeus Motorcycle Gear and ThorMX.
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