Driving Apparel Market Scope
Over the past year, the global Apparel industry has reached new heights. Driving apparel is intended for the protection of the individual while driving in order to protect them from injuries in case of deadly accidents. These apparels are usually made from leather or specific fabrics material, and apparels that include helmets, jackets, shoes, gloves, and others which is mainly used for safety and protection. Driving apparels are thicker and heavier than normal clothing’s with weatherproof closures and are equipped with armour. The demand for driving apparel is booming across the globe owing to the surge in the adoption of protective apparel and other safety accessories in order to prevent serious injuries or death.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Dainese S.p.A. (Italy), Alpinestars S.p.A. (Italy), Fox Head, Inc. (United States), ThorMX (United States), Scott Sports SA (Switzerland), Aerostich (United States), Lion (United States), Rukka (Finland), Dickies (United States) and Shred Ready (United States) |
CAGR | % |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Driving Apparel market throughout the predicted period.
Dainese S.p.A. (Italy), Alpinestars S.p.A. (Italy), Fox Head, Inc. (United States), ThorMX (United States), Scott Sports SA (Switzerland), Aerostich (United States), Lion (United States), Rukka (Finland), Dickies (United States) and Shred Ready (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Helly Hansen. (Norway) and SHOEI (Japan).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Driving Apparel market by Type , by Application (Athlete and Leisure Sports) and Region with country level break-up.
On the basis of geography, the market of Driving Apparel has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In July , 2022 Vista Outdoor Inc. the parent company of 39 renowned brands that design, manufacture and market sporting and outdoor products to consumers around the globe, today announced that it has entered into a definitive agreement to acquire Irvine, Calif.-based Fox Racing, a global icon in performance motocross, mountain bike and lifestyle gear for adventure seekers.
In February 2023 Italian luxury brand Gucci is set to launch a hub in Tuscany promoting more durable and less wasteful fashion, as it joins efforts by the sector to meet coming European regulations requiring companies to limit their impact on the environment.
Influencing Trend:
The trend for use of Lightweight materials is increasing for the manufacturing of helmets.
Market Growth Drivers:
The growing participation of the population in the outdoor sports and in the competition is one of the major driving factors of the growth Driving Apparel and Growing fashion awareness and preference for premium brands has also resulted in the rise in demand for driving apparel among consumers
Challenges:
Fluctuated price of the raw materials
Restraints:
Availability of counterfeit products in the market
Opportunities:
The Asia Pacific is expected to be the most engaging market for driving apparel, owing to the huge number of vehicles in the region. Additionally, governments of major economies, such as Australia and India, are emphasizing improving road safety and the use of proper protective clothing while riding motorcycles. This is supposed to be an important factor fueling the growth of the driving apparel market in the Asia Pacific.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Driving Apparel Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry