Global Sports Protective Equipment Market - Segmented by Product, Equipment, Distribution Channel, and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global sports protective equipment market is expected to register a CAGR of 4.1% during the forecast period, 2018 to 2023.
Various research initiatives are undertaken by key players across the globe to develop sports protective equipment into more effective and versatile products. For instance, the Sport for All initiative strives to educate all Americans on the benefits associated with sport participation and importance of sports protective equipment. Leading players in sports protective equipment industry are also trying to design the customized products with essential assistance features such as light weight and comfort with extra protection against injuries. Additionally, introduction of new products are progressively replacing old products due to product innovation, and creating a significant opportunity for key players to expand their product portfolio.
Increasing Participation in Various Sports to Drive the Growth of the Sports Protective Equipment Market
The growing popularity of sport events at domestic and regional level is supporting the growth for the global sports protective equipment market. Growing involvement in sports to adopt healthy and active lifestyle, and popularity of adventure sports such as trekking, mountain racing, and ice skating is influencing the sales of sports protective equipment market. Additionally, the popularity of major sports events for baseball, rugby, tennis, soccer, and cricket is attracting the consumers from countries across the globe for sport participation. This rising participation in sports activities is supporting the market growth of protective equipment. Continuous development and innovation in the products and the introduction of regulations that mandate the use of protective equipment and sport nutrition, will also play key role to drive the demand of sports protective equipment in upcoming years.
Ball Sport Protective Equipment to Witness Fastest Growth during the Forecast Period
In global sports protective equipment market, the ball sports equipment is likely to witness significant growth as participation in ball sports such as soccer, cricket, hockey, and tennis is high across the globe. Growing number of sport institutions which provide training for kids and teenagers is influencing the sales of various sports protective equipment over the recent past. Rising popularity of ice hockey and baseball is driving demand of eyewear as these sports requires sufficient eye protection. The National Operating Committee on Standards for Athletic Equipment (NOCSAE) is considered to be a main governing body on athletic equipment in the U.S. The regulations set by NOCSAE is likely to boost the sales of various sports protective equipment including helmets, eyewear, mouth guard, and shin guard.
Asia-Pacific Region to Witness Higher Growth Rate during Forecast Period
North America region is likely to holds significant market share over the forecast period due to increased number of sport participation and growing demand of weight management products in the region. The growing importance of a healthy lifestyle, growing obesity rates, and the adoption of sports for active life, is driving the market growth in North America region. Moreover, increasing government initiatives to expand access and opportunities for sport participation in developing countries like India and China will play key role the market growth in upcoming years. For instance, in 2016 the Australian Government launched Asian Sport Development Partnerships (ASP) program worth USD 4 million which is expanding Australia’s sport for development cooperation across Asia-Pacific region.
Key Developments in the Sports Protective Equipment Market
March 2018: Xeros Technologies acquired Gloves Inc., which provides personal protection equipment cleaning, inspection, and repair services from facilities in the Atlanta and Miami metro areas.
September 2017: 2nd Skull, a company that creates protective skull caps for tough contact sports such as football and rugby, has received USD 100,000 in funding from the NFL as part of HeadHealthTECH Challenge II.
Sports Protective Equipment Market Competitive Landscape
Sports Protective Equipment Market Major Key Players are Amer Sports Corporation, Nike, Inc., Adidas Ag, Brg Sports, Inc., Under Armour, Inc., Harrow Sports, Inc., Bauer Hockey, Inc., Palmgard International Inc., Mizuno Corporation, Schutt Sports Inc., Riddell Sports Group, and Warrior Sports, Inc.
Reasons to Purchase Sports Protective Equipment Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst supports, along with the Market Estimates sheet in excel
Customization of Sports Protective Equipment Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Various research initiatives are undertaken by key players across the globe to develop sports protective equipment into more effective and versatile products. For instance, the Sport for All initiative strives to educate all Americans on the benefits associated with sport participation and importance of sports protective equipment. Leading players in sports protective equipment industry are also trying to design the customized products with essential assistance features such as light weight and comfort with extra protection against injuries. Additionally, introduction of new products are progressively replacing old products due to product innovation, and creating a significant opportunity for key players to expand their product portfolio.
Increasing Participation in Various Sports to Drive the Growth of the Sports Protective Equipment Market
The growing popularity of sport events at domestic and regional level is supporting the growth for the global sports protective equipment market. Growing involvement in sports to adopt healthy and active lifestyle, and popularity of adventure sports such as trekking, mountain racing, and ice skating is influencing the sales of sports protective equipment market. Additionally, the popularity of major sports events for baseball, rugby, tennis, soccer, and cricket is attracting the consumers from countries across the globe for sport participation. This rising participation in sports activities is supporting the market growth of protective equipment. Continuous development and innovation in the products and the introduction of regulations that mandate the use of protective equipment and sport nutrition, will also play key role to drive the demand of sports protective equipment in upcoming years.
Ball Sport Protective Equipment to Witness Fastest Growth during the Forecast Period
In global sports protective equipment market, the ball sports equipment is likely to witness significant growth as participation in ball sports such as soccer, cricket, hockey, and tennis is high across the globe. Growing number of sport institutions which provide training for kids and teenagers is influencing the sales of various sports protective equipment over the recent past. Rising popularity of ice hockey and baseball is driving demand of eyewear as these sports requires sufficient eye protection. The National Operating Committee on Standards for Athletic Equipment (NOCSAE) is considered to be a main governing body on athletic equipment in the U.S. The regulations set by NOCSAE is likely to boost the sales of various sports protective equipment including helmets, eyewear, mouth guard, and shin guard.
Asia-Pacific Region to Witness Higher Growth Rate during Forecast Period
North America region is likely to holds significant market share over the forecast period due to increased number of sport participation and growing demand of weight management products in the region. The growing importance of a healthy lifestyle, growing obesity rates, and the adoption of sports for active life, is driving the market growth in North America region. Moreover, increasing government initiatives to expand access and opportunities for sport participation in developing countries like India and China will play key role the market growth in upcoming years. For instance, in 2016 the Australian Government launched Asian Sport Development Partnerships (ASP) program worth USD 4 million which is expanding Australia’s sport for development cooperation across Asia-Pacific region.
Key Developments in the Sports Protective Equipment Market
March 2018: Xeros Technologies acquired Gloves Inc., which provides personal protection equipment cleaning, inspection, and repair services from facilities in the Atlanta and Miami metro areas.
September 2017: 2nd Skull, a company that creates protective skull caps for tough contact sports such as football and rugby, has received USD 100,000 in funding from the NFL as part of HeadHealthTECH Challenge II.
Sports Protective Equipment Market Competitive Landscape
Sports Protective Equipment Market Major Key Players are Amer Sports Corporation, Nike, Inc., Adidas Ag, Brg Sports, Inc., Under Armour, Inc., Harrow Sports, Inc., Bauer Hockey, Inc., Palmgard International Inc., Mizuno Corporation, Schutt Sports Inc., Riddell Sports Group, and Warrior Sports, Inc.
Reasons to Purchase Sports Protective Equipment Market Report
Analyzing outlook of the market with the recent trends and Porter’s five forces analysis
Market dynamics, which essentially consider the factors, which are impelling the present market scenario, along with growth opportunities of the market in the years to come
Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market
Competitive landscape involving the market share of major players, along with the key strategies adopted for development in the past five years
Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
3-month analyst supports, along with the Market Estimates sheet in excel
Customization of Sports Protective Equipment Market Report
This report can be customized to meet your requirements. Please connect with our analyst, who will ensure you get a report that suits your needs.
Frequently Asked Questions
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