Industry Background:
Driving while wearing certain types of footwear can cause problems. People wear a variety of footwear in the summer, such as flip flops and sandals, which can lead to improper pedal shifting, particularly in manual cars, where multiple factors must be considered when driving on the road, wearing a sandal or a flip flop which may disturb the pressure application, such Improper footwear can result in fatal accidents as well as harm to third parties. Driving footwear is designed in way to match comfort standards and at the same time fit properly to the driver. Their primary benefit is that their soles are built to provide excellent traction, so users won't have to worry about their foot falling off the pedals. Because of their comfort and thin sole, moccasins are often thought of as good driving shoes. One may even leave them in their car since they are simple to use.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Puma SE (Germany), Adidas AG (Germany), Sparco S.p.A (Italy), Alpinestars S.p.A (Italy), Dainese S.p.A (Italy), Nike Inc. (United States), Fox Head Inc. (United States), SCOTT Sports SA (Switzerland), Piloti Inc. (Canada) and Gucci S.p.A. (Italy) |
This growth is primarily driven by Increasing Luxury Vehicle Sales, Demand for Professionalism in Taxi Service and Increasing Number of Professional Racers.
Globally, a noticeable market trend is evident The emergence of Electric Vehicles
Major Vendors, such as Puma SE (Germany), Adidas AG (Germany), Sparco S.p.A (Italy), Alpinestars S.p.A (Italy), Dainese S.p.A (Italy), Nike Inc. (United States), Fox Head Inc. (United States), SCOTT Sports SA (Switzerland), Piloti Inc. (Canada) and Gucci S.p.A. (Italy), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. 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.
Key Developments in the Market:
In Dec. 2023 Crocs, Inc. a global leader in innovative casual footwear for all, today announced that John Replogle and Neeraj Tolmare have both been appointed to its board of directors, effective January 1, 2024. The new appointees will bring new skill sets and extensive brand building experience in consumer facing businesses to the Crocs board.
In TORONTO, May, 2022 Award winning makers of premium driving shoes, announced the launch of "The Prototipo RS," a handcrafted driving shoe packed full of technology. The Prototipo RS is the culmination of a 2+ year-long development and is a representation of the ideal combination of comfort, quality, and performance.
Regulatory Insights:
United Kingdom, Highway Code, Rule 97 - The Regulation Prohibits the Wearing of Apparel & Footwear or Accessories That Obstructs or Blocks Driving These Include Wellingtons, Stiletto Heels, Wedges, Chunky Trainers, Chunky Sandals for A Footwear Breach, Motorists Will Be Charged £100 On the Spot and Earn Three Penalty Points. and India, Motor Vehicles Act 2019 - Scooter and Biker Riders Will No Longer Be Permitted to Wear Slippers (Chappals) Or Sandals When Operating Their Vehicles Under the New Rules. A Fine of Rs 1,000 Will Be Imposed on Any Two-Wheeler Rider Caught Riding A Geared Motorcycle or Scooter.
Influencing Trend:
The emergence of Electric Vehicles and High Investments in Celebrity Endorsement
Market Growth Drivers:
Increasing Luxury Vehicle Sales, Demand for Professionalism in Taxi Service and Increasing Number of Professional Racers
Challenges:
Presence of Counterfeit Products and Establishing Brand Image
Restraints:
Entry Barriers including Tariffs and Customs and High Price
Opportunities:
Entry Barriers including Tariffs and Customs and High Price
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Driving Footwear Market
- Analysis about New Entrants in Driving Footwear Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Driving Footwear Study Sheds Light on
The Driving Footwear Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Driving Footwear industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Driving Footwear industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.