Driving Apparel Trends and Forecast
The future of the global driving apparel market looks promising with opportunities in the athlete and leisure sport markets. The global driving apparel market is expected to reach an estimated $14.5 billion by 2030 with a CAGR of 2.4% from 2024 to 2030. The major drivers for this market are growing usage of driving apparel in automotive and industrial applications, rising popularity of motorsports worldwide, rising online sales of driving apparel, and increasing awareness of road safety.Driving Apparel by Segment
The study includes a forecast for the global driving apparel by product type, material, distribution channel, application, and region.Driving Apparel Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
- Clothing
- Footwear
- Protection Gear
Driving Apparel Market by Material [Shipment Analysis by Value from 2018 to 2030]:
- Leather
- Synthetic & Natural Fibre
Driving Apparel Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
- E-Commerce
- Supermarket/Hypermarket
- Brand Outlets
- Discount Stores
Driving Apparel Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Athlete
- Leisure Sports
Driving Apparel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Driving Apparel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies driving apparel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the driving apparel companies profiled in this report include:- Dainese
- Nike
- Puma
- Adidas
- ASICS India
- VF Corporation
- Alpinestars
- SCOTT Sports
- Racing Force
- FOX
Driving Apparel Market Insights
The report forecasts that clothing is expected to witness the highest growth over the forecast period.Within this market, athlete will remain the larger segment.
APAC will remain the largest region over the forecast period due to rapid growth and expansion of the automotive industry in the region.
Features of the Global Driving Apparel Market
- Market Size Estimates: Driving apparel market size estimation in terms of value ($B).- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Driving apparel market size by product type, material, distribution channel, application, and region in terms of value ($B).
- Regional Analysis: Driving apparel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, material, distribution channel, application, and regions for the driving apparel market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the driving apparel market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the driving apparel market size?Answer: The global driving apparel market is expected to reach an estimated $14.5 billion by 2030.
Q2. What is the growth forecast for driving apparel market?
Answer: The global driving apparel market is expected to grow with a CAGR of 2.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the driving apparel market?
Answer: The major drivers for this market are growing usage of driving apparel in automotive and industrial applications, rising popularity of motorsports worldwide, rising online sales of driving apparel, and increasing awareness of road safety.
Q4. What are the major segments for driving apparel market?
Answer: The future of the global driving apparel market looks promising with opportunities in the athlete and leisure sport markets.
Q5. Who are the key driving apparel market companies?
Answer: Some of the key driving apparel companies are as follows:
- Dainese
- Nike
- Puma
- Adidas
- ASICS India
- VF Corporation
- Alpinestars
- SCOTT Sports
- Racing Force
- FOX
Answer: The report forecasts that clothing is expected to witness the highest growth over the forecast period.
Q7. In driving apparel market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to rapid growth and expansion of the automotive industry in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisherl provides 10% customization without any additional cost.
This report answers the following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the driving apparel market by product type (clothing, footwear, and protection gear), material (leather and synthetic & natural fibre), distribution channel (e-commerce, supermarket/hypermarket, brand outlets, and discount stores), application (athlete and leisure sports), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Driving Apparel Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Dainese
- Nike
- Puma
- Adidas
- ASICS India
- VF Corporation
- Alpinestars
- SCOTT Sports
- Racing Force
- FOX
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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