TMR Study Forecasts Driving Apparel Market Anticipated to Grow Steadily with a Value of US$17.2 by 2024

Driving Apparel Market is estimated to exhibit a CARG of 4.6% during the forecast period of 2016-2024. The global driving apparel market is majorly driven by protection gear with highest market share in 2015.

Albany, NY, February 04, 2017 --( In the recent years, the increasing adoption of driving apparels is attributable to the growing number of road accidents. Also, various safety laws have been implemented by governing bodies worldwide concerning usage of helmets, jackets and other driving apparels. This is one of the major factor responsible for the growth of the market. Such factors have been carefully analyzed by a latest TMR study, titled as “Driving Apparel Market- Global Industry Analysis and 2016-2024 Forecast.” According to Transparency Market Research, the market is estimated to exhibit a CARG of 4.6% during the forecast period of 2016-2024.

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Through this study, the report highlights the current market scenario along with the future growth prospects. It majorly includes various economic, technological, political and social factors that are probable to affect the present and future demand of driving apparels in the global market. On the basis of geography, the market has been categorized into Europe, Asia Pacific, Latin America, North America, Middle East and Africa. Moreover, the market has been segmented on the basis of product type and vehicle type. By product type, it has been categorized into:

Protection Gear

Among these, the market is majorly driven by protection gears such as gloves, spine guards, and helmets etc., which are very much in demand. Whereas, by vehicle type, it covers two wheeler and four wheelers. Two wheelers segment holds the largest share currently and is expected to maintain its dominance in the coming years.

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In the initial segment, the report provides a market overview of driving apparels along with its introduction, scope, demand and segmentation. Driving apparels include gear for protecting the user from injuries during road accidents. These apparels include motorcycle jackets, shoes, pants, helmets etc. Nowadays, rising cases of road accidents worldwide due to lack of driving skill, high speeding, street racing, impairment due to drugs and alcohol etc. is considered as the major concerning factor. The report studies that, in the U.S., annually all motorsports events and crowd appearance in these events is assessed to be more than 15 million. With these rising events, the demand for protection clothing for the safety of rider is also becoming essential which makes driving apparel market on the rise.

In this market, leading manufacturers are constantly focusing on technological innovation and integration in material composition and designing of these apparels, which is creating a significant growth opportunity for the market. Some of the key players operating in the global driving apparels market include Dianese S.p.A. (Italy), Scott Sports SA (Switzerland), Alpinestars S.p.A. (Italy), Fox Head, Inc. (U.S.) and ThorMX (U.S).

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