Driving Apparel Market Likely To Reach USD 14.32 Billion By 2028
Growing concerns about road safety and the increasing popularity of motorsports are propelling the Global Driving Apparel Market from 2024 to 2028.
TechSci
Research's report "Global Driving
Apparel Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028," the market reached USD 14.32 Billion in 2022 and
is expected to grow at a CAGR of 5.8% during the forecast period. This dynamic
market is driven by factors such as rising awareness of road safety, leading to
an uptick in demand for protective gear. Governments and regulatory bodies
worldwide are emphasizing safety measures, fueling market growth and adoption
of driving apparel like helmets, jackets, gloves, and suits, offering both
style and protection.
Additionally,
the surge in the popularity of motorsports is a significant driver. Both
enthusiasts and professionals in motorcycle and automobile racing demand
specialized, high-performance driving apparel. This trend is not limited to
racing events, as the global fan base for motorsports continues to expand.
Manufacturers are innovating to meet the specific needs of motorsports
enthusiasts, incorporating advanced technologies and materials to enhance
safety and performance.
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Technological
advancements are pivotal in shaping the driving apparel market, with smart
technology integration and advanced materials leading trends. Manufacturers are
adding features like heads-up displays and wearable tech to enhance safety and
offer a tech-savvy driving experience. Lifestyle changes and rising disposable
incomes drive consumer demand, particularly for stylish and customized driving
gear. However, challenges such as regulatory standards and market fragmentation
persist, affecting production costs and profit margins.
Despite
obstacles, the market is poised for innovation, driven by safety awareness,
evolving lifestyles, and advancing technology. The Global Driving Apparel
Market is segmented by product type (clothing, footwear, protection gear),
material (leather, synthetic, natural fiber), sales channel
(supermarkets/hypermarkets, exclusive stores, online, others), and region
(North America, Europe, Asia Pacific, Middle East & Africa, South America).
Major companies
operating in Global Driving Apparel Market are:
- Dainese
S.p.A
- Nike,
Inc.
- Puma
SE
- Adidas
AG
- ASICS
India Pvt. Ltd.
- VF
CORPORATION
- Alpinestars
- SCOTT
Sports SA
- Racing
Force S.p.A.
- FOX
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"Sustainable
materials and eco-friendly practices are key trends expected to drive growth in
the Global Driving Apparel Market," stated Mr. Karan Chechi, Research
Director at TechSci Research. "Increasing concerns about road safety and
the popularity of motorsports are also anticipated to have a positive impact on
market growth. With a wide array of products catering to specific needs and the
rising popularity of online sales channels, the market is experiencing
impressive growth rates."
The
report, "Driving Apparel Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast," analyzes the market's future growth potential,
providing statistics and insights to aid investment decisions. It also identifies emerging trends,
drivers, challenges, and opportunities in the global driving apparel market.
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