The report of Sports Protective Equipment Market by Product Type (Helmets & Other Headgear; Pads, Guards, Chest Protectors, & Gloves; Protective Eyewear; Face Protection & Mouth Guards), Area of protection (Head & Face Protective Equipment, Trunk & Thorax Protective Equipment, Upper Extremity Protective Equipment, Lower Extremity Protective Equipment), Application (Water Sports & Racing, Ball Games, Mountaineering and Rock Climbing, Others), Distribution Channel (Online, Offline), and Region (North America, Asia Pacific, Europe, South America, and Middle East & Africa) is expected to reach US$ XX Bn by 2027, at a CAGR of 4.1% during the forecast period.
The growing participation of schools and colleges in the sports activities across the globe is the key factor for the growth of the global sports protective equipment market. The surge in participation is because of increasing campaigns by sports governing bodies and professional leagues, like the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL), and Major League Baseball (MLB).
Several initiatives commenced by government bodies and key manufacturers across the globe are likely to increase participation in physical activities, with indoor and outdoor games. For instance, the sport for all initiatives undertaken by the President’s Council on Sports, Fitness & Nutrition (PCSFN) aims to instruct all Americans about the benefits related to sports participation. Additionally, prominent manufacturers are concentrating on the development of advanced products so as to meet consumer requirements.
On the other hand, the availability of low-quality and counterfeit products hampers the growth of the global sports protective equipment market.
According to the head and headgear product segment accounting for the market share of 31.2% in 2018, thanks to increasing professional leagues, for example, the IPL, American Football League, and World Cycling League. Increasing participation in sports in several countries, like India, Africa, and China is expected to provide growth opportunities for the segment in the estimative future.
Region-wise, North America accounting for a 40.0% share of the overall revenue, in 2018. The rising popularity of American football and ice hockey across the globe is a key factor driving the sports protective equipment market in the region. The region has also observed the growth in participation of the sports like ice hockey and lacrosse by around 43.80% and 28.90%, correspondingly. The U.S. held the largest market share of the North America market in 2018, such as popularity of American football and soccer is growing in U.S. and Mexico and owners of the National Football League (NFL) are organizing events at different places in U.S. and Mexico to raise the awareness about sports, which is expected to offer growth opportunities for the sports protective equipment market in the future.
Key players operating in the Sports Protective Equipment Market are Adidas Ag, Nike Inc., Under Armour, Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, Warrior Sports, BRG Sports, Xenith, Shock Doctor (Bregal Partners), MIZUNO Corporation, FRANKLIN SPORTS INC., Alpinestars S.p.A., Mueller Sports Medicine, Inc., McDavid Inc., and Grays of Cambridge (International) Ltd.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global Sports Protective Equipment Market. The report encompasses the market by different segments and region, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Sports Protective Equipment Market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Global Sports Protective Equipment Market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Sports Protective Equipment Market”
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
ManikBaug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 9607195908