Burden of COVID-19 on the Market & Rehabilitation Plan | Racing Apparel Market 2019-2023 | Product Innovation to Boost Growth | Technavio

Technavio has been monitoring the racing apparel market and it is poised to grow by USD 1.07 billion during 2019-2023, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Technavio has announced its latest market research report titled Global Racing Apparel Market 2019-2023 (Graphic: Business Wire)

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ADIDAS AG, Alpinestars S.p.A, Dainese S.p.A, Fox Head, Inc., and PUMA SE are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Product innovation has been instrumental in driving the growth of the market.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/global-racing-apparel-market-industry-analysis?tnplus

Racing Apparel Market 2019-2023: Segmentation

Racing Apparel Market is segmented as below:

• Distribution Channel
  • Offline
  • Online
• Geographic Landscape
  • APAC
  • Europe
  • MEA
  • North America
  • South America

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Racing Apparel Market 2019-2023: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The racing apparel market report covers the following areas:

• Racing Apparel Market Size
• Racing Apparel Market Trends
• Racing Apparel Market Industry Analysis

This study identifies the introduction of lightweight products as one of the prime reasons driving the Racing Apparel Market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Racing Apparel Market 2019-2023: Key Highlights

• CAGR of the market during the forecast period 2019-2023
• Detailed information on factors that will assist racing apparel market growth during the next five years
• Estimation of the racing apparel market size and its contribution to the parent market
• Predictions on upcoming trends and changes in consumer behavior
• The growth of the racing apparel market
• Analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of racing apparel market, vendors

Table of Contents:

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

• 2.1 Preface
• 2.2 Preface
• 2.3 Currency conversion rates for US$

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

• 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 segmentation
• 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

• Market drivers
• Market 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

PART 14: APPENDIX

• Research methodology
• 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20200617005375/en/