Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 19.38 Billion | USD 31.79 Billion | 5.1% | 2023 |
According to Zion Market Research, the global Driving Apparel Market was worth USD 19.38 Billion in 2023. The market is forecast to reach USD 31.79 Billion by 2032, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Driving Apparel Market industry over the next decade.
Driving apparel refers to all the clothing, footwear, accessories such as helmets, and gloves. Driving apparel is designed and fabricated keeping in view both the safety as well as the comfort level of the wearer. The driving apparel is designed for both males and females and is worn globally. Clothes like motor jackets provide a cover to the body and provide resistance against temperature and weather.
Buying secondhand, or renting rather than buying new, have become other popular ways for consumers to keep items out of landfills and afford more high-end luxury brands. As a result, rental and resale companies are expanding at a rapid pace. This can be seen as a major trend in driving apparel market.
One of the major factors for the growth of driving apparels market is online sales. Online apparel sales have seen a boom over the recent years as consumers have gradually become more comfortable making wardrobe purchases from their computers and handheld devices. The growth in online apparel sales is mainly attributed to web-only startups. A boosted exposure to the internet and e-commerce has improved the fashion consciousness and availability of high-end brands and limited edition products. Using influencers has made an impact on how beauty companies market their products and look to increase sales. With 71% of social media marketers reporting that they have an influencer marketing budget, it is clear to see that marketers are finding value in influencers
Product Type Segment Analysis Preview
The Product segment is divided into three segments - Clothing, footwear, and protection gear. Protection gear contributes to the highest Market share as they are thicker and heavier than normal jackets with waterproof closures.
Protective gear is further sub-segmented into helmet, gloves, spine guard and other protective gear.
Material Type Analysis Preview
The Material segment is divided into leather, synthetic, natural fiber. Leather segment has the highest share in the Market as a result of growing inclination towards a healthy and active lifestyle.
Natural fiber on the other hand is extracted majorly from the Asia pacific region constituting of India and Bangladesh.
The countries covered in the global driving apparel market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The synthetic market can be further classified or segmented into nylon, acrylic, polyolefin and others.
Report Attributes | Report Details |
---|---|
Report Name | Driving Apparel Market |
Market Size in 2023 | USD 19.38 Billion |
Market Forecast in 2032 | USD 31.79 Billion |
Growth Rate | CAGR of 5.1% |
Number of Pages | 140 |
Key Companies Covered | Alpinestars S.p.A, Dainese, Fox Head Inc., Scott Sports Sa, LeMans Corp, Puma Se, Adidas AG, Baoxiniao Holding Co. Ltd., Spartan ProGear Co., Solace Gears, and brief information about 10 companies will also be provided in the report. Similarly, growth strategies such as acquisition, merger, and expansion of the distribution network were few techniques adopted by most of Tier 1 and Tier 2 manufacturers in recent years |
Segments Covered | By Type,By end-user, And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
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, Israel, Egypt, South Africa, 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 driving apparel market is projected to undergo substantial gains and project the highest compound annual growth rate during the forecast period. This is because of the rapid growth and expansion of automotive industry. Growth and expansion of automotive industry has led to the rise in the number of vehicles on the road and this in turn has positively impacted the driving apparel market.
Major market players in Driving Apparel Market are:
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.
By Product Type
By Material
By Vehicle Type
By Region
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