Technavio estimates the racing apparel market in Europe to grow by USD 1.20 billion between 2021 and 2026, expanding at a CAGR of 5.16% during the forecast period. The market is expected to witness a YOY growth of 4.5% in 2022.
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Key Racing Apparel Market Report Highlights:
- Market growth 2021-2026: USD 1.20 billion
- Growth momentum & CAGR: Accelerate at a CAGR of 5.16%
- YoY growth (%) in 2022: 4.5%
- Performing market contribution: Europe at 35%
- Key consumer countries: US, China, Germany, UK, and France
Regional Market Analysis
With 35% of the growth originating from Europe, this region will record the largest market growth during the forecast period.
Factors such as rapid urbanization, stringent regulations on the use of protective racing gears in racing sports or events, rising disposable incomes in countries such as the UK, France, and Germany, and the introduction of smart, environment-friendly products are driving the growth of the racing apparel market in Europe. Apart from the increasing number of fatal motorbike accidents are driving the demand for racing apparel in the European market.
However, the market will witness faster growth in APAC during the forecast period owing to the growing popularity of motorsports and road voyages, participation of women in racing sports, improved infrastructure for racing sports, economic growth, the increasing middle-class population base, and the rising number of regional players.
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Key Vendors and Vendor Strategies
adidas AG, AGV Sports Group Inc., Alpinestars Spa, BASICNET SpA, BMW AG, Dainese Spa, Eicher Motors Ltd., Fox Racing Inc., Gerbing Heated Gear LLC, and LeMans Corp. are few of the key vendors in the racing apparel market.
The global racing apparel market was highly fragmented in 2021 and is expected to remain the same throughout the forecast period. The market is characterized by the presence of leading global and regional players offering racing apparel through various brand names. These vendors are differentiating in terms of quality, regulatory compliance, aesthetics, and innovation. Vendors are also focusing on both organic and inorganic growth strategies such as new product launches and M&As to remain competitive in the market.
For instance:
- adidas AG: The company offers a wide range of racing apparels such as shoes, gloves, and racing suits among others.
- AGV Sports Group Inc.: The company offers a wide range of custom riding suits and helmets.
- Alpinestars Spa: The company offers a wide range of racing apparels such as FUSION 1-Piece leather suit, Missile V2 leather jackets, and DryStar riding shoes among others.
Download our free sample report to get a brief understanding about various other vendors and their offerings.
Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the racing apparel market.
- Product innovation and portfolio extension:
The intense competition among vendors in the racing apparel market is resulting in product innovation in terms of design and technology. Besides, the rise in disposable incomes and purchasing power among consumers coupled with growing interest in racing has increased the spending on racing apparel and accessories. This is further encouraging vendors to introduce a wide range of premium products that are priced higher than regular racing apparel. All these factors are expected to increase the sales of racing apparel, thereby driving the growth of the market.
To know about other market drivers, trends, and challenges,
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Racing Apparel Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 5.16% |
Market growth 2022-2026 |
USD 1.20 billion |
Market structure |
Fragmented |
YoY growth (%) |
4.5 |
Regional analysis |
Europe, North America, APAC, Middle East and Africa, and South America |
Performing market contribution |
Europe at 35% |
Key consumer countries |
US, China, Germany, UK, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
adidas AG, AGV Sports Group Inc., Alpinestars Spa, BASICNET SpA, BMW AG, Dainese Spa, Eicher Motors Ltd., Fox Racing Inc., Gerbing Heated Gear LLC, LeMans Corp., OMP Racing SPA, Polaris Inc., REVIT Sport International B.V., RYNOX GEARS, SCOTT Sports SA, Sidi Sport S.r.l., TVS Motor Co. Ltd., VF Corp., Wolverine World Wide Inc., and Yamaha Motor Co. Ltd. |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Distribution Channel
- 5.1 Market segments
- Exhibit 24: Chart on Distribution Channel - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Distribution Channel - Market share 2021-2026 (%)
- 5.2 Comparison by Distribution Channel
- Exhibit 26: Chart on Comparison by Distribution Channel
- Exhibit 27: Data Table on Comparison by Distribution Channel
- 5.3 Offline - Market size and forecast 2021-2026
- Exhibit 28: Chart on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Offline - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Offline - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Offline - Year-over-year growth 2021-2026 (%)
- 5.4 Online - Market size and forecast 2021-2026
- Exhibit 32: Chart on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Online - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Online - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Online - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Distribution Channel
- Exhibit 36: Market opportunity by Distribution Channel ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 Europe - Market size and forecast 2021-2026
- Exhibit 42: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.4 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 France - Market size and forecast 2021-2026
- Exhibit 78: Chart on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on France - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 adidas AG
- Exhibit 89: adidas AG - Overview
- Exhibit 90: adidas AG - Business segments
- Exhibit 91: adidas AG - Key offerings
- Exhibit 92: adidas AG - Segment focus
- 10.4 AGV Sports Group Inc.
- Exhibit 93: AGV Sports Group Inc. - Overview
- Exhibit 94: AGV Sports Group Inc. - Product / Service
- Exhibit 95: AGV Sports Group Inc. - Key offerings
- 10.5 Alpinestars Spa
- Exhibit 96: Alpinestars Spa - Overview
- Exhibit 97: Alpinestars Spa - Product / Service
- Exhibit 98: Alpinestars Spa - Key offerings
- 10.6 BASICNET SpA
- Exhibit 99: BASICNET SpA - Overview
- Exhibit 100: BASICNET SpA - Business segments
- Exhibit 101: BASICNET SpA - Key offerings
- Exhibit 102: BASICNET SpA - Segment focus
- 10.7 Polaris Inc.
- Exhibit 103: Polaris Inc. - Overview
- Exhibit 104: Polaris Inc. - Business segments
- Exhibit 105: Polaris Inc. - Key offerings
- Exhibit 106: Polaris Inc. - Segment focus
- 10.8 RYNOX GEARS
- Exhibit 107: RYNOX GEARS - Overview
- Exhibit 108: RYNOX GEARS - Product / Service
- Exhibit 109: RYNOX GEARS - Key offerings
- 10.9 SCOTT Sports SA
- Exhibit 110: SCOTT Sports SA - Overview
- Exhibit 111: SCOTT Sports SA - Product / Service
- Exhibit 112: SCOTT Sports SA - Key offerings
- 10.10 Sidi Sport S.r.l.
- Exhibit 113: Sidi Sport S.r.l. - Overview
- Exhibit 114: Sidi Sport S.r.l. - Product / Service
- Exhibit 115: Sidi Sport S.r.l. - Key offerings
- 10.11 VF Corp.
- Exhibit 116: VF Corp. - Overview
- Exhibit 117: VF Corp. - Business segments
- Exhibit 118: VF Corp. - Key news
- Exhibit 119: VF Corp. - Key offerings
- Exhibit 120: VF Corp. - Segment focus
- 10.12 Wolverine World Wide Inc.
- Exhibit 121: Wolverine World Wide Inc. - Overview
- Exhibit 122: Wolverine World Wide Inc. - Business segments
- Exhibit 123: Wolverine World Wide Inc. - Key news
- Exhibit 124: Wolverine World Wide Inc. - Key offerings
- Exhibit 125: Wolverine World Wide Inc. - Segment focus
11 Appendix
- 11.2 Inclusions and exclusions checklist
- Exhibit 126: Inclusions checklist
- Exhibit 127: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources
- 11.5 List of abbreviations
- Exhibit 132: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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