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Global demand for driving apparels to increase at 5.3% CAGR by 2025

As per Global Driving Apparel Market: Snapshot, global demand for driving apparels is likely to expand at a CAGR of 5.3 per cent by 2025. In terms of revenue, these opportunities in the global driving apparel market will translate into $18,565.0 million.

The report says, there has been a surge in adoption of protection gear and other safety accessories. Several safety regulations or laws regarding the use of helmets, jackets and other protection clothing are fuelling the growth of this market alongwith the rising popularity of motorsports such as Formula One, IndyCar, and MotoGP.

Geographically, Asia Pacific has been identified as the most profitable region for driving apparels. This region provides for nearly a third of the total demand in the global driving apparel market. The market in this region is estimated to be worth $6,603.6 million by the end of 2025.

Many driving apparel retailers have opened their outlets in countries such as China, Japan, and India. However, vendors are also concentrating on Europe and North America with the demand from the latter region primed to expand at an above-average CAGR of 6.2 per cent during the forecast period.

 
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