Sports Protective Equipment Market (Product - Hand Protection, Head Protection, Lower Body Protection, and Other Products; Application - Ball Games, Water Sports and Racing, Mountaineering and Rock Climbing, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025

  • Published : November, 2019

  • Rep Id : CGP043

  • Category : Consumer Goods and Packaging

  • Status : Published

A recent report published by Infinium Global Research on sports protective equipment market provides in-depth analysis of segments and sub-segments in the global as well as regional sports protective equipment market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional sports protective equipment market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global sports protective equipment market. According to the report, the global sports protective equipment market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.

 

Market Insight

Sports safety is of vital importance nowadays. Several protective equipment’s' are used for injury prevention in sports activities. Sports protective equipment includes helmets, face protection, and mouth guards, protective eyewear, and other equipment. Most of the sports injuries are preventable with the use of safety equipment. The growing regulations related to safety in various sport events boost the demand for sports protective equipment.

 

The growing awareness about safety precautions and the rise in the number of injuries is a major factor contributing to the growth of the sports protective equipment market. In the U.S., around 3.5 million children get injured annually playing sports. The increasing head injuries concern boosts the growth of the sports protective equipment market. About 21 percent of all traumatic brain injuries in American children is because of sports and recreational activities. The rising adoption of an e-commerce platform that provides a wide range of variety in different price categories stimulates the demand for sports protective equipment. Furthermore, the increasing number of sports events worldwide and easy availability and accessibility to all types of sports equipment promotes the growth of sports protective equipment market. The revenue in sports events has an annual growth rate of 8.1%. New sports equipment are more efficient, lighter and stronger with a biomechanical system interacting with the user. Such developments in sport protective equipment for better and smart safety solutions contribute to the rise in the growth of the sports protective equipment market. On the other hand, the threat of counterfeit products hampers the growth of the sports protective equipment market. Moreover, growing innovations in the existing products and the launch of new safety gears are anticipated to create fruitful opportunities for the market.

 

North America is anticipated to hold a dominant share in the global sports protective equipment market. The rising sports participation and surge in the purchasing power of consumers in the U.S. drives the growth of the sports protective equipment market in North America. Europe is expected to grow with a significant CAGR over the forecast period as Europe is a popular destination for sports events such as FIFA, the French Open, hockey and basketball league and many more. Asia-Pacific region is growing in the global sports protective equipment market due to the growing participation of several Asian players in sports activities as well as the growing awareness about the use of safety gears in developing countries such as India and China.

 

Segment Covered

The report on global sports protective equipment market covers segments such as product and application. On the basis of product, the sub-markets include hand protection, head protection, lower body protection, and other products. On the basis of application, the sub-markets include ball games, water sports and racing, mountaineering and rock climbing, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Adidas AG, GNG Group, Amer Sports Oyj, ASICS Corporation, McDavid Inc., Mueller Sports Medicine, Inc., Grays of Cambridge International Ltd., Nike Inc., Puma SE, Under Armour Inc., and other companies.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of sports protective equipment market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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