Global Driving Apparel Market: Snapshot
In a number of countries, particularly those that are developed, the number of riding and driving enthusiasts is increasing. With incremented disposable income among urban population and growing desire for travel to live a fulfilling life, the pool of people who are investing on riding and driving apparels is expanding. Driving apparels such as motorcycle jackets, pants, shoes, helmets, and gloves are now widely used for protective purpose. These apparels are thicker and heavier than normal clothing with weatherproof closures and pockets, substantial zips, higher collars, and are even equipped with armor. According to this business and commerce study, the demand in the global driving apparel market will expand at a CAGR of 5.3% during the forecast period of 2017 to 2025. In terms of revenue, the analysts of the report have estimated that the opportunities in the global driving apparel market will translate into US$18,565.0 mn by the end of 2025, substantially up from its evaluated worth of US$12,312.5 mn in 2017.
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There has been a surge in adoption of protection gear and other safety accessories in order to prevent serious injuries and even death. Several safety regulations or laws regarding the use of helmets, jackets and other protection clothing have been imposed by regulatory authorities, which in turn is likely to fuel the growth of the market for driving apparel. In addition to that, rising popularity of motorsports such as Formula One, IndyCar, and MotoGP are expected to reflect positively on the global driving apparel market. On the other hand, cost of these apparels and lack of awareness among a substantial chunk of consumers are obstructing the market from attaining its true potential.
Protection Gear Remains Key Product Segment
The driving apparel market has been segmented on the basis of product type into clothing, footwear, and protection gear. In 2016, protection gear was the largest contributor in terms of demand, accounted for a market share of nearly 50%. Protection accessories such as helmets, knee cap, elbow cap, and armor and spine guard among others play an important role in improving safety and are specifically designed with armored protection to prevent vulnerable body parts of the rider from injury. Introduction of advanced materials like fiberglass reinforced plastic and carbon fiber have made helmets lightweight and useful. Moreover, manufacturers are continuously focused on integration of electronics in protection gear and development of helmets with head up displays, which is likely to increase the demand for these accessories even further in the future.
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