Research Reports
Driving Protection Gear Market to reach US$ 7.7 Bn in 2029 – FMI
Global Banking & Finance Review®
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The driving protection gear market is set to reach $7.7Bn by 2029, driven by motorcycle sales and safety awareness, with Europe leading the market.
The global sales of driving protection gears roughly equate revenues worth US$ 7.7 Bn, and would remain concentrated in helmets. Prominently driven by the surge in motorcycle sales and increasing driver consciousness about on-road safety, global driving protection gear market will observe a moderate CAGR during 2022 – 2029. While the World Health Organization (WHO) suggests that the correct helmet usage can lead to 42% reduction in fatal injuries and 69% reduction in head injuries, the subsequent amendments in road safety framework and traffic rules contribute a lion’s share to driving protection gear sales. This new study of Future Market Insights (FMI) tracks the growth of global driving protection gear market over the course of following decade.
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Key Takeaways – Global Driving Protection Gear Market
Increasing Demand for Premium Helmets across Asia Pacific
Premium helmets in driving protection gear category are expensive, featured helmets with in-built advanced technologies. Across Asia Pacific, with a rise in the sales of premium superbikes, there is an increasing trend among consumers to buy brand specific driving protection gear. Brand consciousness has propelled the premium product market forward. Consumers are preferring good quality premium helmets and other driving protection gear.
Competition Analysis
The global driving protection gear market represents a fairly consolidated competition landscape, where a majority of key players maintain their strategic focus on product development. Some of the key players are Alpinestars S.p.A, Dainese S.p.A, Fox Head Inc., Lemans Corporation, and EVS Sports.
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The article discusses the growth of the driving protection gear market, projected to reach $7.7Bn by 2029.
How are premium helmets impacting the market? Premium helmets are driving growth, especially in Asia Pacific due to brand consciousness.
What role does Europe play in the market? Europe leads due to the rise of electric mopeds and high-performance motorcycles.
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