Driving Apparel Market Report: Trends, Forecast and Competitive Analysis to 2030

Driving Apparel Market Report: Trends, Forecast and Competitive Analysis to 2030

Driving Apparel Trends and Forecast

The future of the global driving apparel market looks promising with opportunities in the athlete and leisure sport markets. The global driving apparel market is expected to reach an estimated $14.5 billion by 2030 with a CAGR of 2.4% from 2024 to 2030. The major drivers for this market are growing usage of driving apparel in automotive and industrial applications, rising popularity of motorsports worldwide, rising online sales of driving apparel, and increasing awareness of road safety.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Driving Apparel by Segment

The study includes a forecast for the global driving apparel by product type, material, distribution channel, application, and region.

Driving Apparel Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Clothing
• Footwear
• Protection Gear

Driving Apparel Market by Material [Shipment Analysis by Value from 2018 to 2030]:

• Leather
• Synthetic & Natural Fibre

Driving Apparel Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:

• E-Commerce
• Supermarket/Hypermarket
• Brand Outlets
• Discount Stores

Driving Apparel Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Athlete
• Leisure Sports

Driving Apparel Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Driving Apparel Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies driving apparel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the driving apparel companies profiled in this report include-

• Dainese
• Nike
• Puma
• Adidas
• ASICS India
• VF Corporation
• Alpinestars
• SCOTT Sports
• Racing Force
• FOX

Driving Apparel Market Insights

Lucintel forecasts that clothing is expected to witness the highest growth over the forecast period.

Within this market, athlete will remain the larger segment.

APAC will remain the largest region over the forecast period due to rapid growth and expansion of the automotive industry in the region.

Features of the Global Driving Apparel Market

Market Size Estimates: Driving apparel market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Driving apparel market size by product type, material, distribution channel, application, and region in terms of value ($B).

Regional Analysis: Driving apparel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product type, material, distribution channel, application, and regions for the driving apparel market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the driving apparel market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the driving apparel market size?

Answer: The global driving apparel market is expected to reach an estimated $14.5 billion by 2030.

Q2. What is the growth forecast for driving apparel market?

Answer: The global driving apparel market is expected to grow with a CAGR of 2.4% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the driving apparel market?

Answer: The major drivers for this market are growing usage of driving apparel in automotive and industrial applications, rising popularity of motorsports worldwide, rising online sales of driving apparel, and increasing awareness of road safety.

Q4. What are the major segments for driving apparel market?

Answer: The future of the global driving apparel market looks promising with opportunities in the athlete and leisure sport markets.

Q5. Who are the key driving apparel market companies?

Answer: Some of the key driving apparel companies are as follows:

• Dainese
• Nike
• Puma
• Adidas
• ASICS India
• VF Corporation
• Alpinestars
• SCOTT Sports
• Racing Force
• FOX

Q6. Which driving apparel market segment will be the largest in future?

Answer: Lucintel forecasts that clothing is expected to witness the highest growth over the forecast period.

Q7. In driving apparel market, which region is expected to be the largest in next 5 years?

Answer: APAC will remain the largest region over the forecast period due to rapid growth and expansion of the automotive industry in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the driving apparel market by product type (clothing, footwear, and protection gear), material (leather and synthetic & natural fibre), distribution channel (e-commerce, supermarket/hypermarket, brand outlets, and discount stores), application (athlete and leisure sports), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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