The report of Global Driving Protection Gear Market by Product Type (Helmet, Armor, Gloves, Knee Protection, Elbow Protection, others), Material Type (Leather, Synthetic, Natural Fibers), Vehicle Type (Two Wheelers, Four Wheelers), Consumer Group (Men, Women), Distribution Channel (Online, Offline), and Region (North America, Asia Pacific, Europe, South America, Middle East & Africa) is expected to reach US$ XX Bn by 2026, at a CAGR of XX% during a forecast period.
Rising concerns about road safety are the most important factor driving the growth of the global driving protection gear market. Also, increasing motorsports popularity & increasing demand for superbikes across the globe has inclined the demand. Furthermore, innovations and advancements in the manufacturing processes to obtain protection gears using advanced technologies are expected to drive the growth of the global driving protection gear market in the forecasted period. On the other hand, severe competition for driving gears from the unorganized sector is limiting the growth of the global driving protection gear market.
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Based on the product type segment is categorized into helmet, armor, gloves, knee protection, elbow protection, and others. The helmet segment has led the global driving protection gear market in 2018 and expected to hold continuous growth during the forecast period. A helmet is the main safety product for a motorcycle rider which helps to protect the driver’s life. More specially, a helmet compliments the head in keeping the human brain.
Region-wise, the Asia Pacific region led the global driving protection gear market in 2018 whereas the Europe region held the second leading position. Furthermore, the Asia Pacific region is expected to hold the leading market share of XX% of the during the estimated period. China, Japan, and India are key markets in the Asia Pacific driving protection gear market. Increasing the millennial population, increasing disposable income, and a variation in lifestyle are increasing the demand for premium motorcycles in India.
Also, Europe is the fastest-growing region on account of the growing sale of premium motorcycles and sports cars in Europe, which is increasing the demand for exclusive driving protection gear products and expected in the growth of the driving protection gear market.
Key players operating the Global Driving Protection Gear Market are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., SCOTT Sports SA, Lemans Corporation, Sparco S.p.A,Leatt Corporation, EVS Sports, Troy Lee Designs, and OMP Racing S.p.A.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the . The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the . The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explain positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Driving Protection Gear Market”
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The post Driving Protection Gear Market was valued US$ XX Bn in 2018 and is expected to reach US$ XX Bn by 2026, at CAGR of XX% during forecast period. appeared first on MAXIMIZE MARKET RESEARCH.
