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Driving Armor Market

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Driving Armor Market: Global Industry Analysis 2015-2019 and Opportunity Assessment 2020-2030 – PowerPoint PPT presentation

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Title: Driving Armor Market


1
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
2
AboutFuture Market Insights
Future Market Insights (FMI) is a premier
provider of syndicated research reports, custom
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and BRIC. Our offerings cover a broad spectrum of
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Research Capabilities
Sector Coverage
  • Customized Research
  • Syndicated Research
  • Investment Research
  • Social Media Research

  • Automotive and Transportation
  • Electronics, Semiconductor, and ICT
  • Retail and Consumer Products
  • Industrial Automation and Equipment
  • Chemicals Materials
  • Food and Beverages
  • Services and Utilities
  • Energy, Mining, Oil, and Gas

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For detailed subscription information please
contact Hari. T (Sr. Manager - Global Business
Development) T 44 (0) 20 7692 8790 D 44
20 3287 4268 Email hari.t_at_futuremarketinsights.co
m
3
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.
FMI formulates a detailed discussion guide to conduct expert and industry interviews
FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts
FMI conducts interviews with industry experts, industry players, distributors and retailers
Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data
Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry
FMI delivers industry insights and information in the required format (PDF)
  • Identifying key opinion leaders
  • Questionnaire design
  • In-depth interviews
  • Coverage across value chain
  • 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
Paid Publications
  • Linkedin
  • Zoominfo
  • Salesforce
  • Avention
  • Factiva
  • GBI
  • Genios
  • Meltwater
  • Company websites
  • Company annual reports
  • White papers
  • Financial reports

includes sources of databases
4
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

5
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.

6
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

7
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

8
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

9
Driving Armor Market Analysis
  • Based on Sales Channel
  • Online
  •  Offline
  •  Hypermarkets/Supermarkets
  •  Multi-Brand Stores
  •  Specialty Stores
  •  Others (Motorcycle Service Centers, Garages
    etc.) 

For more insights on the ASEAN Automotive
Aftermarket,you can request a report sample with
full TOC
10
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Thank You
Future Market Insights Global Consulting
Private Limited (FMI)
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