Players in Driving Apparel Market Focus on Innovations in Protective Gear, States TMR Study

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Transparency Market Research

23 Mar, 2022, 16:30 GMT

  • Growing efforts of manufacturers on developing innovative, water-resistant, and user-friendly products is fueling the growth of the driving apparel market, which is projected to be valued at US$ 32.3 Bn by 2031
  • Players in the driving apparel market are making their products available on different online platforms in order to boost their sales numbers

ALBANY, N.Y., March 23, 2022 /PRNewswire/ -- The global driving apparel market is expected to register growth at a CAGR of 5.4% during the forecast period, between 2021 and 2031, as per a study by Transparency Market Research (TMR).

Motorsport is gaining immense impetus in the recent years. As a result, the demand for different types of protection clothing such as jackets, helmets, kneecaps, gloves, and elbow caps is being increasing across the globe. This, in turn, is projected to drive sales prospects in the global driving apparel market during the forecast period. Besides, players operating in the driving apparel market are experiencing a rise in the demand for protection gear. Hence, they are increasing their production capabilities in this product in order to cater to the rising market needs.

Companies operating in the global driving apparel market are observing shortage in raw materials required for manufacturing their products. At the same time, prices of driving apparel are anticipated to drop amid the COVID-19 pandemic. Hence, companies are introducing different strategies in order to address these issues and sustain in these critical situations. Moreover, players in the driving apparel market are using technologies and making data-driven decisions to maintain balance in many business aspects such as materials supply, product demand, and logistics services.

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Driving Apparel Market: Key Findings

  • People from across the globe are increasing the adoption of protection gear & other safety accessories in order to save themselves from severe injuries in case of potential road accidents. This factor is generating a sizable demand in the global driving apparel market. Furthermore, government bodies of many nations globally are implementing safety regulations pertaining to the use of jackets, helmets, and other protection clothing while riding. This factor is resulting in prominent opportunities in the driving apparel market.
  • Leather jackets are gaining immense popularity among global population, owing to their different advantages, including ability to protect from intense impact that may an individual experience during accidents. This factor is creating prominent sales prospects in the global driving apparel market. Moreover, several manufacturers in the industry are increasing efforts to develop jackets that are water-resistant, durable, and comfortable for users. Such innovations are prognosticated to result into increased demand for driving apparels in the near future, states TMR report on the driving apparel market.
  • Motorcycle pants and jackets are intended for the protection of motorcycle riders. Hence, these products are heavier and thicker as compared to regular jackets. They also have sturdy zips, weatherproof closures & pockets, and higher collars. Besides, they also come with armor in order to provide additional protection. Rise in the popularity of these products globally is propelling the driving apparel market.

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Driving Apparel Market: Growth Boosters

  • Increasing focus of government authorities of several nations globally on promoting road safety rules is estimated to generate sizable sales opportunities in the global driving apparel market.
  • Rising awareness on available driving apparels, growing popularity of mobile shopping apps & e-commerce websites, and increasing number of smartphone users globally are leading to the expansion of the global market.

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Driving Apparel Market: Key Players

Some of the key players profiled in the report are:

  • Adidas AG
  • PUMA SE
  • Dainese S.p.A.
  • Alpinestars S.p.A.
  • Scott Sports SA
  • Fox Head, Inc.
  • Baoxiniao Holding Co Ltd.
  • Thormx
  • LeMans Corporation
  • Under Armour, Inc.
  • Nike Inc

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Driving Apparel Market Segmentation

Product

  • Clothing
  • Footwear
  • Protection Gear

Material

  • Leather
  • Synthetic
  • Natural Fiber

Vehicle

  • Two Wheeler
  • Four Wheeler

Regions Covered

  • North America
  • Europe
  • Asia Pacific
  • MEA
  • South America

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