This report provides exclusive insights into the COVID-19 impact on the Driving Apparel Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Driving Apparel Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Driving Apparel Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on driving apparel market provides an in-depth analysis of segments and sub-segments in the global as well as regional driving apparel market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional driving apparel market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global driving apparel market. According to the report, the global driving apparel market is projected to grow at a CAGR of 6.5% over the forecast period of 2019-2025.
The major players in driving apparel market are investing in research and development to innovate new things in driving apparel market. The availability of unique and attractive driving apparel stimulates consumer demand. Driving apparel manufacturers are adopting strategies such as a merger, acquisitions, and new product launches to maximize their market share in the driving apparel market. Driving apparel provides comfort to the wearer while driving. Also, these apparel reduce the risk of injuries in cases of accidents.
Stringent rules and regulations for road safety enforce the drivers to wear proper driving apparel that drives the growth of the driving apparel market. The rising popularity of motorsport compels the players to wear safety measures, contributing to the growth of the driving apparel market. The rising availability of boots, jackets, gloves, helmets and other accessories fuel the growth of the driving apparel market. The growing awareness about the importance of driving apparel in motorsports contributes to the growth of the driving apparel market. Driving apparel made with new advanced material like fiberglass stimulate the growth of the driving apparel market. On the other hand, the availability of local products at a low price as compared to branded products hamper the growth of driving apparel market. Moreover, innovations and technological advancement create numerous opportunities for the growth of the diving apparel market.
Geographically, the global driving apparel market is classified into North America, Asia-Pacific, Europe, and the Rest of the World. North America is anticipated to be dominant in the driving apparel market owing to the rising demand for motorsport. Europe is also expected to grow in the global driving apparel market. Asia-Pacific region is growing in the global driving apparel market, with a healthy CAGR over the forecast period. The increasing research and development to encourage innovation are contributing to the growth of the driving apparel market in the Asia-Pacific region.
The report on the global driving apparel market covers segments such as product type, material type, end user, and vehicle type. On the basis of product type, the sub-markets include clothing, footwear, and protective gear. On the basis of material type, the sub-markets include leather, synthetic, and natural fibers. On the basis of end user, the sub-markets include men, and women. On the basis of vehicle type, the sub-markets include 2-wheeler, and 4-wheeler.
The report provides profiles of the companies in the market such as Alpinestars S.p.A., PUMA SE, Fox Head Inc., Scott Sports SA, Under Armour, Inc., Nike, Inc., Adidas AG, The Columbia Sportswear Company, Dainese S.p.A., ThorMX, and Other companies.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of driving apparel market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.