By Revenue, Global Driving Apparel Market is expected to reach USD 17,291.3 million in 2024. Asia Pacific is projected to be Most Attractive Regional Market in terms of revenue

Transparency Market Research has published a new market report titled “Driving Apparel Market (By Product – Clothing, Footwear, Protection Gear, By Vehicle – Two Wheeler, Four Wheeler, Others) –Global Industry Analysis, Trend, Size, Share and Forecast, 2016 – 2024.” According to the report, in terms of revenue, global driving apparel market was valued at USD 11,811.1million in 2015, and is expected to reach USD 17,291.3 million by 2024, increasing at a CAGR of 4.6% from 2016 to 2024.

Browse the full report at http://www.transparencymarketresearch.com/driving-apparel-market.html

In terms of revenue, the driving apparel market in North America is likely to grow at a strong rate during the forecast period. The U.S. is projected to be the most attractive regional market during the forecast period and accounted for major share in this region in 2015. The major reason is attributed to extensive utilization of protection clothing and accessories in numerous motorsports events in the country. Moreover, there are strict safety laws regarding usage of helmets and other protection gears while driving. Internet retailing of these products is also growing rapidly in the country and is another important factor affecting market growth.

The market for driving apparel in Europe is projected to expand significantly in the coming years. Germany held the largest market share in 2015 in terms of revenue. These apparels minimizes the risk of serious injurious by controlling the impact of collision to the rider’s body during accident. Thus, the government in this country have legislated various strict laws associated with usage of protection apparels while driving.

The driving apparel market in Asia Pacific held the largest share of the market and accounted for more than 30% market share in 2015. China held majority of the share in 2015 in terms of revenue, primarily due to increasing cases of road accidents in the country every year. Moreover, steady economic development and increasing consumer affection for driving apparels, including jackets and helmets are some of the major factors responsible for the market expansion. In addition, factors such as wide availability of driving apparels from online retailers and increasing safety norms being imposed by regulatory authorities towards usage of protective helmets is likely to fuel the growth of the market in this region to a huge extent. Asia Pacific is also expected to grow at the highest CAGR during the forecast period.

The driving apparel market in Middle East and Africa is expected to witness moderate growth in the near future and UAE is likely to be the largest market in this region by 2024. The major reason is attributed to extensive usage of helmets, jackets, boots and other protection armors in various racing events, which are frequently held in the country.

Browse Press Release at http://www.transparencymarketresearch.com/pressrelease/driving-apparel-market.htm

In order to meet the increasing demand for driving apparels, key players in Latin America are continuously involved in launching new and innovative protection accessories and apparels. Moreover, economic development and increasing road safety concern are other important factors responsible for the market enlargement in Brazil and other parts of this region.

The driving apparel market is experiencing stiff competition from local manufacturers, particularly in developing economies. For example, according to a survey carried out by one of the largest helmet brands in India, Steelbird, approximately 80 percent of the helmet market in India was dominated by the unorganized sector, as of 2014. The major reason is attributed to low cost of these helmets and greater retailer margin. However, the quality and safety aspects provided by these products are much lower as compared to branded helmets.

In order to cater to this problem, the organized sector players like MPA, Steelbird, Vega and Studds are increasing their product range, conducting road shows, introducing road-safety lectures, and even undergoing alliances with foreign companies to increase their customer base. Moreover, with advancement in manufacturing processes, innovative driving apparels with cutting-edge technologies are expected to be developed in the coming years, which in turn is likely to create enormous opportunity for the growth of the market.

Key players in the driving apparel market include Alpinestars S.p.A. (Italy), Dainese S.p.A. (Italy), Fox Head, Inc. (U.S.), Scott Sports SA (Switzerland) and ThorMX (U.S.) among others.

The report segments the driving apparel market as follows:

Global Driving Apparel market: by product type

  • Wavefront Modulator
  • Wavefront Sensor
  • Control System

Global Driving Apparel market: by application type

  • Biomedical
  • Astronomy
  • Defense and Security
  • Manufacturing
  • Consumer Devices
  • Communication

Global Driving Apparel market: by geography

  • North America
  • U.S.
  • Rest of North America
  • Europe
  • U.K.
  • Germany
  • France
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia Pacific
  • Middle East and Africa
  • UAE
  • South Africa
  • Rest of Middle East and Africa
  • Latin America
  • Brazil
  • Rest of Latin America 

Global Driving Apparel Market, By Product Type

  • Clothing
  • Footwear
  • Protection Gear

Global Driving Apparel Market, By Vehicle Type

  • Two Wheeler
  • Four Wheeler
  • Others

Global Driving Apparel Market, By Geography

  • North America
    • The U.S.
    • Rest of North America
  • Europe
    • U.K.
    • Germany
    • Italy
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • A.E
    • South Africa
    • Rest of Middle East and Africa
  • Latin America
    • Brazil
    • Rest of Latin America
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