Global Driving Apparel Market, By Product Type (Clothing, Footwear, and Protection Gear), Material (Leather, Synthetic, and Natural Fibre), Vehicle Type (Two- Wheeler and Four- Wheeler), Application (Athlete and Leisure Sports), Distribution Channel (E-commerce, Supermarket/Hypermarket, Brand Outlets, Discount Stores) – Industry Trends and Forecast to 2030.
Driving Apparel Market Analysis and Size
The worldwide driving apparel is expected to witness high development is mostly attributable to increased government regulations, growing concerns about public security, and the rising popularity of motorsports. Additionally, it is expected that the availability of boots, gloves, caps, and other protective accessories in various retail locations will increase consumer interest in these products, supporting the market's expansion. Furthermore, the market will expand due to ongoing technological innovation and advancement. The popularity of sporting pursuits such as racing and riding has also increased.
Data Bridge Market Research analyses that the driving apparel market is expected to reach USD 23.32 billion by 2030, which was USD 14.74 billion in 2022, registering a CAGR of 5.90% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.
Driving Apparel Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Clothing, Footwear, and Protection Gear), Material (Leather, Synthetic and Natural Fibre), Vehicle Type (Two- Wheeler and Four- Wheeler), Application (Athlete and Leisure Sports), Distribution Channel (E-commerce, Supermarket/Hypermarket, Brand Outlets, Discount Stores)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Dainese S.p.A. (Italy), Nike, Inc.(U.S.), Puma SE (Germany), Adidas AG (Germany), ASICS India Pvt. Ltd. (India), VF CORPORATION (U.S.), Alpinestars (Italy), SCOTT Sports SA (Italy), Racing Force S.p.A. (Italy), FOX (U.S.), Solacegears (India), STUDDS Accessories Ltd. (India), Leatt Corporation (South Africa)
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Market Opportunities
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Market Definition
"Driving apparel" refers to all clothing, accessories, and footwear. Driving apparel is made with the wearer's safety and comfort in mind. The driving equipment is worn worldwide and available in male and female variants. For instance, motor coats offer body defense and weather and temperature resistance. Gloves and helmets, for instance, offer protection to the wearer.
Global Driving Apparel Market Dynamics
Drivers
- Increasing usage of driving apparel in automotive and industrial applications
Driving apparel is necessary for professional car racers since it keeps them safe and against unforeseen accidents. The same rules apply to people who perform feats on cars for movies or other forms of entertainment. Globally, traffic accidents have climbed, even for regular individuals. Road racing, excessive speed, and driving while intoxicated or high are only a few possible causes.
- Growing popularity of motorsports
The demand for driving apparel is increasing due to the growing popularity of motorsports globally, which is expected to propel the market's growth. Driving apparel such as clothing, footwear, helmets, and many others are widely used in motorsports such as Formula One, IndyCar, and MotoGP, which will boost the market during the forecast period.
Opportunities
- Increasing focus of manufacturers to advance driving apparel
Manufacturers are investing in improvements and changes in the manufacturing processes to provide protective driving apparel employing cutting-edge technologies. This widens the range of options available to niche firms on the global market. Businesses realize the importance of enhancing people's driving experiences while considering comfort and elegance. Companies are undertaking studies to determine what this market needs. These factors will create lucrative opportunities for the growth of the market.
- Rising online sales of driving apparel
The increasing online sales of driving apparel will likely create lucrative market growth opportunities. Since consumers have grown more easily, making clothing purchases from their computers and mobile devices, online clothes sales have exploded in recent years. It is primarily web-only startups responsible for the increase in online garment sales. The accessibility of high-end brands and limited edition goods has increased thanks to increased internet and e-commerce exposure. Influencer marketing has changed how beauty companies promote their goods and try to boost sales. Marketers appreciate influencers because 71% of social media marketers say they have a budget for influencer marketing.
Restraints/ Challenges
- Availability of counterfeit products
Easy access to cheaper pricing counterfeit driving apparel goods will likely impede market expansion over the forecast period. The prices of counterfeit driving apparel are significantly lower than the driving apparel price, which is expected to affect sales for the leading industry players.
- High cost of driving apparel
The high cost of driving apparel is expected to hamper the market's growth during the forecast period. Several local manufacturers all over the globe are manufacturing driving apparel by their brand name. Consequently, offering these apparel at high prices to the customers will hamper the market growth over the forecast period.
This driving apparel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the driving apparel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Driving Apparel Market Scope
The driving apparel market is segmented on the basis of product type, material, vehicle type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Clothing
- Footwear
- Protection Gear
Material
- Leather
- Synthetic and Natural Fibre
Vehicle Type
- Two- Wheeler
- Four- Wheeler
Application
- Athlete
- Leisure Sports
Distribution Channel
- E-commerce
- Supermarket/Hypermarket
- Brand Outlets
- Discount Stores
Driving Apparel Market Regional Analysis/Insights
The driving apparel market is analyzed and market size insights and trends are provided by country, product type, material, vehicle type, application, and distribution channel as referenced above.
The countries covered in the driving apparel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the driving apparel market because of the rapid growth and expansion of the automotive industry. The number of vehicles on the road has increased due to the growth and expansion of the automotive industry, which has favorably impacted the market for driving apparel in this region.
North America is expected to be the fastest developing region during 2023-2030 due to the availability of raw materials and labor at lower costs. Furthermore, the strong presence of a manufacturing base will further increase the market growth in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Driving Apparel Market Share Analysis
The driving apparel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to driving apparel market.
Some of the major players operating in the driving apparel market are:
- Dainese S.p.A, (Italy)
- Nike, Inc.(U.S.)
- Puma SE (Germany)
- Adidas AG (Germany)
- ASICS India Pvt. Ltd. (India)
- VF CORPORATION (U.S.)
- Alpinestars (Italy)
- SCOTT Sports SA (Italy)
- Racing Force S.p.A. (Italy)
- FOX (U.S.)
- Solacegears (India)
- STUDDS Accessories Ltd. (India)
- Leatt Corporation (South Africa)
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