Published on : Mar 27, 2018
Albany, New York, March 27, 2018: An extensive forecast study, titled “Driving Apparel Market - Global Industry Analysis, Trend, Size, Share and Forecast, 2017-2025” has been freshly broadcasted to the online repository of Market Research Hub (MRH). This 975-page precise study encapsulates valuable details about the market current scenario as well as its future prospects. It deeply aims to provide major insights into the market’s growth throughout the above-mentioned forecast period in terms of volume and revenue (in US$ Mn). Moreover, the research also analyses market expansion in major regions such as North America, Europe, Asia Pacific, South America, and Middle East & Africa (MEA). Additionally, the report comprises country-level analysis in terms of volume and revenue for end-user and product type segments.
Market Acumens and Key Findings
There has been a surge in adoption of protection gear and other safety accessories with the aim of prevent serious injuries and even death. It has been analyzed that cases of road accidents worldwide have been increasing day by day. Therefore, various safety laws have been employed 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. Some of the major types of driving apparel available in the market are boots, helmets, gloves, jackets and pants among others. They are widely used for the protective purpose.
According to this intelligent study, the demand in the global driving apparel market will expand at a CAGR of 5.3% during the forecast period of 2017 to 2025. In terms of revenue, the analysts of the report have estimated that the opportunities in this market will translate into US$18,565.0 mn by the end of 2025, which was evaluated worth of US$12,312.5 mn in 2017.
On the basis of geography, the analyst finds that the Asia Pacific has been highlighted as the most profitable region, although North America and Europe are foreknown to expand the demand at a much strong rate over the course of the forecast period.
As the report proceeds, the study provides a comprehensive view of the driving apparel market by dividing it into following types, product type, material type, and vehicle type. On the basis of material type, the driving apparel market has been categorized into leather, synthetic, and natural fibers. Major product type includes clothing, footwear, and protection gear. The leather segment is anticipated to drive market growth steadily. On the basis of vehicle type, the two-wheelers segment held the highest share in the market in 2016, which was a result of increasing demand for protection and safety against injuries during driving during various racing sports.
Later, a chapter clearly portrays the competitive landscape of the driving apparel market, along with key developments made by leading market players and their current standings in the global market. Some of the major players operating in the driving apparels market include Dainese S.p.A. (Italy), Fox Head, Inc. (U.S.), Scott Sports SA (Switzerland), Alpinestars S.p.A. (Italy), and ThorMX (U.S.).
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