Driving Armor Market

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

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Research Methodology (1/2) Systematic Research Approach 1 Market profiling

2 Formulating discussion guide

3 Developing list of respondents

4 Data collection

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Data validation

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Data analysis

Insights

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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)

Data Collection

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Research & Intelligence

Data Filter & Analysis

Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain

Actionable Insights

A Primary Research

SOLUTION 

Market participants

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Key strengths

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Product portfolio

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Mapping as per value chain

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Key focus segments

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Key industry experts

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Channel study

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Developments

Desk Research

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Market dynamics

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Products

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Conclusions

C Company Analysis

Primary Research #    

Business Solution

Linkedin Zoominfo Salesforce Avention

Secondary Research #  

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Company websites Company annual reports White papers Financial reports

Paid Publications#    

Factiva GBI Genios Meltwater

# 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.

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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.

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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 www.futuremarketinsights.com I

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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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