Driving Apparel Market Insights and Forecast 2022 to 2031- Growth, Market Share, Size, Market Competition landscape and Covid-19 Impact on Industry

Kenneth Research, in its repository of market research reports, have recently added a report on Driving Apparel Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Driving Apparel Market products.

Request Free Sample Copy :-https://www.kennethresearch.com/sample-request-10078901

According to the statistics by the International Environmental Agency (IEA), the global stock of electric passenger cars passed 5 million in the year 2018, which was an increase by 63% from the year 2017.

Global Driving Apparel Market was valued at USD 12.8 Billion in the year 2017. Global Driving Apparel Market is further estimated to grow at a CAGR of 5% from 2019 to reach USD 18.63 Billion by the year 2025. The North America region holds the highest Market share in 2017 and the Asia Pacific is considered as the fastest growing Market in the forecasted period. At the country level, Germany is projected to grow strongly in the coming years due to increased investment by R&D.

Major market players in Driving Apparel Market are 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.

SWOT analysis of Driving Apparel Market:

Safety regulations imposed by authorities
Popularity of motorsports players. For e.g. Formula One

Innovations making accessories costly
Small scale manufacturers hindering the organized sector

Increasing the number of driving enthusiasts
Surge in adoption of protection gear

Intense competition among the producers

The Global Driving Apparel Market is segmented as -By Product, Material, Vehicle Type, and Region. 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. 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.

Download Sample of This Strategic Report: https://www.kennethresearch.com/sample-request-10078901

By Material
*Natural Fiber

By Product

*Protection Gear

By Vehicle Type
*Four Wheeler

By Region
North America
*Rest of Europe
*Rest of Asia-Pacific
*Latin America
*Middle East & Africa

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us

Kenneth Research

Email : Sales@kennethresearch.com

Phone: +1 313 462 0609

Leave a Reply