DUBLIN--(BUSINESS WIRE)--The "Global Racing Apparel Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The racing apparel market will register a CAGR of 6% by 2023.
Motocross and auto racing, which include motorbike and car racing, are gaining popularity across the globe. These motocross and auto racing sports have attracted many participants and fan base across the globe. This is further supported by the growing formation of associations and improved and dedicated infrastructure for racing sports events.
The high popularity of these events has consecutively fueled the demand for racing gear such as racing apparel. Motocross and auto racing sports are high-intensity, fast-paced, and life-risking sports that make it mandatory for participants to adopt specific gear such as racing apparel.
The participants of the racing sports are supposed to wear specific and standard apparel, such as racing suits, racing jackets, trousers, and undergarments, to keep themselves safe from any injury that may happen due to accidents during the event. Therefore, growth in popularity of racing sports events will consecutively fuel the demand for racing apparel.
Product innovation and portfolio extension leading to product premiumization
Progressive innovation and advances in terms of design and technology have changed the demand and preferences of customers, which, in turn, has fueled the demand for innovative products. Changing consumer demands have compelled vendors to continually engage in product R&D to sustain in the competitive market environment.
Intense competition among vendors leading to price war
The global racing apparel is fragmented with the presence of various international, regional, and local/domestic vendors. Global vendors invest heavily in R&D to come up with a wide range of advanced protective racing apparel. A price war can impact the vendors' profit margin strategy. Global players reduce their product price when competing with regional and local players. Thus, the market's value growth is impacted by the reduced average selling price of the products.
Competitive Landscape
The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Adidas AG
- Alpinestars S.p.A.
- Dainese S.p.A.
- Fox Head Inc.
- Puma SE
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Online - Market size and forecast 2018-2023
- Market opportunity by distribution channel
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- Europe - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
- Introduction of smart products
- Increased participation of women in racing sports
- Introduction of lightweight products
- Other trends
PART 12: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 13: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Adidas AG
- Alpinestars S.p.A.
- Dainese S.p.A.
- Fox Head Inc.
- Puma SE
For more information about this report visit https://www.researchandmarkets.com/r/brg8ss
