Global Driving Protection Gear Market: Industry Analysis and Forecast (2019-2026)
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Global 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.
Driving protection gears are trappings & equipment used to protect the people from harm while driving. The increasing rate of accidents & mishaps has led to improving driving safety thanks to the government has made it compulsory to wear personal protective equipment, for example, protective clothing and helmets. Also, functional refurbishments including weather resistance too optimal safety are generating the requirement for such accessories. On the other hand, severe competition for driving gears from the unorganized sector is restraining the growth of the global driving protection gear market.
The increasing popularity of bike riding, rapid penetration of superbikes, and cruiser bikes in emerging countries have driven the demand for the global driving protection gear market. This has increased traffic fatalities and severe regulation of governments on safety & security are also major driving factors for the growth of the global driving protection gear market. The rising number of racing tournaments, speedily emerging economies, augmented disposable income, and enhanced standard of living of people in developing economies are the factors which create opportunities for the global driving protection gear market.
In terms of the material type segment, the leather segment is leading the global driving protection gear market with the largest market share in 2018. Leather has usually been used for motorbike jackets as it delivers excellent durability. There are a large number of modern fabrics, though, which it offer better protection & breathability.
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Last Update : 12 August 2020
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