Global Driving Armor Market Overview:
Motorcycles are the fastest-growing segment of the global automobile industry, accounting for the bulk of fleets in many low- and middle-income countries. Their increased involvement on the roads is reflected in the rising number of motorcycle accident fatalities in both low and high-income countries. Motorcyclists are more likely than car drivers to be killed or seriously injured in accidents. Although clothing cannot prevent major high-impact accidents, there is evidence that the use of appropriate protective clothing may have minimized or stopped half of all motorcycle injuries. Impact protectors (also known as "Driving armour") are shields worn within the clothing that absorb and distribute the force of a direct hit. They can be worn over the wrists, elbows, hips, and knees to reduce the chance of fractures and joint injury.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
High Investments in Celebrity Endorsement and Prevalence of Biking as a Hobby
Market Growth Drivers:
Increasing Number of Professional Racers, Growing Demand for Super Bikes and Rising Number of Biker Groups in Emerging Regions
Challenges:
Presence of Counterfeit Products and Establishing Brand Image
Restraints:
Entry Barriers including Tariffs and Customs
Opportunities:
Growth in International Ecommerce Shopping and Regulations Promoting Mandatory Use of Driving Armor
Competitive Landscape:
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Some of the key players profiled in the report are Alpinestars S.p.A (Italy), Rynox Gears HQ (India), First Manufacturing Co Inc (United States), Dainese S.p.A (Italy), Klim (United States), Sparco S.p.A. (Italy), EVS Sports (United States), Troy Lee Designs (United States), Spartan ProGear Co. (India) and Spidi Sport S.r.l (Italy). Additionally, following companies can also be profiled that are part of our coverage like Leatt Corporation (South Africa), Ixon (United States), Royal Enfield (India), K1 RaceGear (United States) and Urban Armor Gear, LLC (United States). Analyst at AMA Research see United States & Italian Vendors to retain maximum share of Global Driving Armor market by 2028. Considering Market by Distribution Channel, the sub-segment i.e. Offline (Hypermarkets, Supermarkets, Multi-Brand Stores, Specialty Retail Stores, Independent Retailers, Exclusive/Franchise Stores) will boost the Driving Armor market. Considering Market by Material, the sub-segment i.e. PVC will boost the Driving Armor market. Considering Market by Protection, the sub-segment i.e. Head Gear will boost the Driving Armor market.
Latest Market Insights:
In June 2023 Under Armour, Inc. announced a series of senior executive leadership team changes supporting the company's Protect This House 3 (PTH3) strategy. PTH3, announced in May, is a new set of priorities designed to drive more consistent profitable growth and returns for shareholders over the long term. PTH3 focuses on driving greater global brand heat and delivering elevated design and products to reaccelerate growth in the United States while maintaining positive international momentum.
On 23rd October, 2020 - Royal Enfield launched New Riding Jackets with KNOX Armour, These CE certified riding jackets come with Class A protection under Personal Protective Equipment regulations.
India, Motor Vehicle Act 2019 – According to the Act it is Mandatory for Every Two-Wheeler Diver to Strictly Wear Full Coverage ISO Certified Helmet Across the Country. Any Violator is Charged Minimum Fine of Rs 1000 Which Varies States wise. and European Union, Regulation (EU) 2016/425 “Personal protective equipment (PPE)” – Motorcycle Riders are Required to Wear Protective Gloves, Boots and Helmet as Protective Gear on all Roads. Protective Gear Must be Meet Standards Accepted by European Union, Which Offer A Level of Safety and Protection Equivalent to BS 6658:1985.
What Can be Explored with the Driving Armor Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Driving Armor Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Driving Armor
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Driving Armor market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Driving Armor market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Driving Armor Manufactures, New Entrants and Investors, Driving Armor Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.