Driving Armor Market

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Demand for Driving Armor Market Set for a Massive
Hit in and Post 2020, with Corona Virus Outbreak
Projected to Threaten Global Market 2020-2030

• August 2020

Report Id REP-GB-12127 Status Ongoing Category
Retail and Consumer Products
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Research Methodology (1/2)

• Systematic Research Approach

In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc.
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• Questionnaire design
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• Key industry experts
• Channel study
• Developments
• Market dynamics
• Products
• Conclusions

SOLUTION

• Market participants
• Key strengths
• Product portfolio
• Mapping as per value chain
• Key focus segments

Primary Research
Secondary Research
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• Company websites
• Company annual reports
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• Financial reports

includes sources of databases
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Driving Armor Market Analysis

• Driving Armor Market Overview
• Increased sales of motorcycles throughout the
  world has pushed the riders to adopt driving
  safety products such as driving armor. In recent
  past, an increased adoption of driving armor has
  been observed owing to safety consciousness among
  riders. The number of riding enthusiasts is
  increasing worldwide.
• The rise in sales of two-wheelers has gained
  momentum across the world. According to the
  European Association of Motorcycle Manufacturers
  (ACEM), the number of motorcycles registered in
  the EU was 830,694 units in the first nine months
  of 2018.
• Moreover, lower prices are proliferating sales of
  driving armor market across the world. Driving
  armors usage is limited to a particular group of
  consumers who ride high capacity motorcycles.
  Growing safety awareness has led the driving
  armor market forwards and pushes for higher sales
  across the globe. 
• Download Methodology of this Report _at_
• https//www.futuremarketinsights.com/askus/rep-gb-
  12127

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Driving Armor Market Analysis

• Driving Armor Market Market Dynamics
• Motorcycle crash, injuries and deaths are
  considered as primary drivers for driving armor
  market. Rise in the sale of motorcycles around
  the globe has created demand for motorcycle
  safety products.
• Driving armors are considered as one of the major
  life saving product for motorcycle safety -
  market. Growing awareness of road safety has
  pushed the riders to wear driving armor.
• Moreover, motorcycle crash which leads to
  permanent injury or death, especially in case of
  superbikes, creates demand for driving armors in
  the market. Driving armors are often considered
  as the lifesaving motorcycle safety product.
• As per Insurance Institute for Highway Safety
  (IIHS), the number of motorcycles registered in
  the U.S. has increased from 8,047,435 in 2012 to
  8,392,682 in 2017, increasing at a CAGR of less
  than 1 which in result, further creates demand
  for driving safety products such as driving
  armor.

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Driving Armor Market Analysis

• The number of motorcyclists killed in crashes and
  accounted for 4,985 in 2018 in the U.S. only. The
  fatal injuries and deaths are very high in the
  global scenario. Motorcycle deaths are estimated
  as 28 of total accidents worldwide.
• Apart from the motorcycle sales, crash and death
  numbers another growth factor for driving armor
  is the increasing sales on online platforms.
• The preferential shift of consumers towards
  online platforms are primarily driven by
  competitive vendor prices and availability of
  products. Moreover, product delivery at doorstep
  also attracts consumers towards online platforms.
• To gain a competitive advantage over rivals, the
  driving armor manufacturers are focusing on
  product innovation and development. Advancement
  in technology also brings additional advantage to
  the manufacturers towards hi-tech product
  innovation which is expected to change the future
  landscape of the driving armor market.
• Most of the countries, especially European
  countries use CE approved driving armor such as
  jackets which are CE EN 1621-1 approved. Offline
  sale through physical stores hold the highest
  market share in driving armor market however
  online sales are expected to expand at a higher
  CAGR during the forecast.
• So on

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Driving Armor Market Analysis

• Driving Armor Market Market Segmentation
• The driving armor market is segmented into
  different categories based on the product type,
  material type, price, weight, sales channel and
  region.
• Based on Product Type
• Full Protection
•  Half/Partial Protection
• Based on Material Type
• PVC
•  Lycra fabric
•  Synthetic

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Driving Armor Market Analysis

• Based on Price
• High Range
•  Low Range
• Based on Weight
• 1-2 lbs
•  2-3 lbs
• Based on Consumer Group
• Men
•  Women

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Driving Armor Market Analysis

• Based on Sales Channel
• Online
•  Offline
•  Hypermarkets/Supermarkets
•  Multi-Brand Stores
•  Specialty Stores
•  Others (Motorcycle Service Centers, Garages
  etc.) 

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