Driving Apparel Market is Projected to Surpass US$ 30 Billion by 2033: Fact.MR Study
High Focus of Driving Apparel Manufacturers on Enhancing Driver Comfort with Technological Advancements
Rockville , Sept. 21, 2023 (GLOBE NEWSWIRE) — As per Fact.MR, a provider of market research and competitive intelligence, the global Driving Apparel Market is predicted to expand at a CAGR of 7.1% to reach a valuation of US$ 30 billion by the end of 2033.
Driving apparel is designed with the wearer’s comfort and safety in mind. For instance, motor coats provide body defense as well as resistance to weather and temperature. Gloves provide grip and control while driving. Stringent safety regulations, growing public safety concerns, and the rising popularity of motorsports are driving the rapid growth of the global market.
For More Insights into the Market, Request a Sample of this Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8924
| Report Attributes | Details |
| Forecast Period | 2023 – 2033 |
| Value Projection (2033) | US$ 30 Billion |
| Growth Rate (2023-2033) | 7.1% CAGR |
| No. of Pages | 170 pages |
| No. of Tables | 30 Tables |
| No. of Figures | 127 Figures |
In addition, consumers’ interest in boots, gloves, caps, and other protective items is anticipated to expand as a result of their availability in a variety of retail settings. Technological advancements and innovation are also driving market growth.
To create protective driving clothing using cutting-edge technologies, manufacturers are investing in product upgradation. This expands the alternatives available to specialist businesses on the international market. Businesses understand how critical it is to improve drivers’ experiences while taking comfort and style into account. Studies are being conducted by businesses to identify the needs of consumers in this market. These elements are expected to generate profitable prospects for market players.
Key Takeaways from Market Study
- The global market for driving apparel is estimated at US$ 15.2 billion in 2023.
- Worldwide demand for driving apparel is projected to rise at a CAGR of 7.1% through 2033.
- By the end of 2033, the market is expected to reach US$ 30 billion.
- Over the forecast period (2023 to 2033), the market in Germany is projected to expand at a CAGR of 4.3%.
- The clothing segment is forecasted to expand at 3.7% CAGR through 2033.
- The market in Europe is predicted to increase rapidly at a CAGR of 7.5% from 2023 to 2033.
- The market in China is forecasted to increase at a CAGR of 6.6% through 2033.
“The global market for driving apparel is poised for rapid growth, driven by several key factors. Increased government regulations, rising public security concerns, and the expanding popularity of motorsports are among the primary drivers of this anticipated growth. Furthermore, ongoing technical advancements and innovations are set to play a pivotal role in propelling the market, as sporting activities such as racing and riding continue to gain widespread popularity,” says a Fact.MR analyst.
Key Segments of Driving Apparel Industry Research Report
| By Product Type | By Material | By Vehicle Type | By Application | By Distribution Channel |
|
|
|
|
|
Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8924
Market Competition
The driving apparel market is highly competitive, characterized by several brands and manufacturers vying for market share. Several prominent companies dominate the driving apparel market. These key players often have a global presence and offer a wide range of driving apparel products.
- In July 2021, Fly Racing introduced its new 2022 moto gear line, which features cutting-edge innovations such as RHEON, BOA Fit Systems, and durable stretch materials.
In the pursuit of a competitive advantage, prominent enterprises continuously broaden their array of product offerings within the realm of driving apparel. Their production lines encompass an extensive spectrum of driving gear, ranging from racing suits, helmets, gloves, jackets, to pants, adeptly tailored to meet the diverse needs of both driving enthusiasts and seasoned professionals.
Leading brands place substantial emphasis on research and development to integrate cutting-edge materials, safety technologies, and smart clothing features into their driving apparel. This ongoing dedication to innovation is geared towards enhancing not only safety but also overall performance.
- In a remarkable milestone during November 2022, the esteemed power sports apparel company, 509, unveiled a novel product line specifically curated for street motorcycle riders. The “Mach V” helmet, engineered for velocity, boasts an aerodynamically refined form, an expansive field of view, and an innovative Venturi ventilation system (patent pending). This revolutionary system aids riders in maintaining focus on the road, particularly during aggressive warm-weather rides. The helmet is fortified with notable certifications including Fidlock, Spot, and ECE 22.06, exemplifying the brand’s commitment to safety and superior quality.
More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global driving apparel market, presenting historical demand data for 2018 to 2022 and forecast statistics for 2023 to 2033.
The study divulges essential insights into the market based on product type (clothing, footwear, protection gear), material (leather, synthetic, natural fiber), vehicle type (two-wheelers, four-wheelers), application (athletics, leisure sports), and distribution channel (e-Commerce, supermarkets/hypermarkets, brand outlets, discount stores), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa).
Checkout More Related Studies Published by Fact.MR Research:
Women’s Apparel Market: Global demand for women’s apparel market is estimated at a market value of US$ 863 billion in 2023 and is forecasted to climb to US$ 1,280 billion by 2033-end, expanding at 4% CAGR over the next ten years (2023 to 2033).
Performance Apparel Market: The global performance apparel market experienced a year-on-year (YoY) growth rate of 6.1% in 2022 and a valuation of US$ 10.2 billion in 2022.
Apparel Accessories Market: The global appeal accessories market is anticipated to surpass US$ 12.6 Bn in 2021 and expand at a CAGR close to 6% over the next ten years and is foreseen to maintain its dominance in terms of market share over the forecast period.
About Us:
Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Sales Team : [email protected]
Follow Us: LinkedIn | Twitter | Blog
