Racing Apparel Trends and Forecast
The future of the global racing apparel market looks promising with opportunities in the motorcycle racing, car racing, and cycle racing markets. The global racing apparel market is expected to reach an estimated $1.5 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are strict guidelines governing the usage of safety equipment during racing events or sports, growing popularity of online racing apparel shopping and the launch of lightweight racing apparel goods.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Racing Apparel by Segment
The study includes a forecast for the global racing apparel by apparel material, application, end use, and region.
Racing Apparel Market by Apparel Material [Shipment Analysis by Value from 2018 to 2030]:
• Synthetic Fibre
• Natural Fibre
Racing Apparel Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Motorcycle Racing
• Car Racing
• Cycle Racing
• Others
Racing Apparel Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Male
• Female
Racing Apparel Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Racing Apparel Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies racing apparel companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the racing apparel companies profiled in this report include-
• Adidas
• AGV Sports Group
• Alpinestars
• BASICNET
• BMW
• Dainese
• Eicher Motors
• FOX Head
• Gerbing Heated Gear
• HJC Helmets
Racing Apparel Market Insights
Lucintel forecasts that synthetic fiber will remain the larger segment over the forecast period because it is lightweight, more durable and with fire resistant properties.
Within this market, car racing will remain the largest segment due to higher protection and double layer clothing required for such activity.
APAC is expected to witness highest growth over the forecast period due to rising number of domestic as well as international sports championships in the region.
Features of the Global Racing Apparel Market
Market Size Estimates: Racing apparel market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Racing apparel market size by apparel material, application, end use, and region in terms of value ($B).
Regional Analysis: Racing apparel market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different apparel material, application, end use, and regions for the racing apparel market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the racing apparel market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the racing apparel market size?
Answer: The global racing apparel market is expected to reach an estimated $1.5 billion by 2030.
Q2. What is the growth forecast for racing apparel market?
Answer: The global racing apparel market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the racing apparel market?
Answer: The major drivers for this market are strict guidelines governing the usage of safety equipment during racing events or sports, growing popularity of online racing apparel shopping and the launch of lightweight racing apparel goods.
Q4. What are the major segments for racing apparel market?
Answer: The future of the global racing apparel market looks promising with opportunities in the motorcycle racing, car racing, and cycle racing markets.
Q5. Who are the key racing apparel market companies?
Answer: Some of the key racing apparel companies are as follows:
• Adidas
• AGV Sports Group
• Alpinestars
• BASICNET
• BMW
• Dainese
• Eicher Motors
• FOX Head
• Gerbing Heated Gear
• HJC Helmets
Q6. Which racing apparel market segment will be the largest in future?
Answer: Lucintel forecasts that synthetic fiber will remain the larger segment over the forecast period because it is lightweight, more durable and with fire resistant properties.
Q7. In racing apparel market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising number of domestic as well as international sports championships in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the racing apparel market by apparel material (synthetic fibre and natural fibre), application (motorcycle racing, car racing, cycle racing, and others), end use (male and female), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Racing Apparel Market, Racing Apparel Market Size, Racing Apparel Market Growth, Racing Apparel Market Analysis, Racing Apparel Market Report, Racing Apparel Market Share, Racing Apparel Market Trends, Racing Apparel Market Forecast, Racing Apparel Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.