Global Sports Protective Equipment Market Opportunity Analysis and Industry Forecast, 2019-2026
POTLAND, 5933 NE WIN SIVERS DRIVE, # 205, OR 97220, UNITED STATE, December 8, 2021 /EINPresswire.com/ – A new report released by Allied Market Research titled “Sports Protective Equipment Market by Product Type, Area of Protection, and Distribution Channel: Global Opportunity Analysis and Industry Forecasts, 2018-2026 ”, forecasts that the global sports protective equipment market was valued at $ 7,518 million in 2018 and is expected to reach $ 10,171 million by 2026. Sports protective equipment market trends are expected to be gradual over the next few years. LAMEA is expected to experience the highest growth rate, due to the increasing popularity of sports such as baseball and basketball in Brazil.
The increase in participation in sports activities, growth in consumer spending on sports equipment, increase in health awareness among consumers, predominance of national and international sporting events are promoting the growth of the sports equipment industry. sports protective equipment. However, the availability of cheap and counterfeit products is holding back the growth of the market. The increasing penetration of online retail is expected to provide lucrative growth opportunities.
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The sports protective equipment market is segmented by product type into helmets and other headgear, protective eyewear, face shields and mouth guards, and shields, protectors, chest shields and gloves. Among these, the product segment comprising protectors, guards, breastplates and gloves accounted for the largest size of the sports equipment market by value due to the extensive penetration of such equipment in various sports such as sports equipment. ice hockey, football, cricket, baseball and others. sports. Protective eyewear segment follows the Protective, Protective, Breastplates and Gloves segment, in terms of sports protective equipment market size, owing to its rapid adoption by recreational users and other sports enthusiasts as a trend of the fashion.
The global sports protective equipment market is classified based on the area of protection into head and face protection equipment, trunk and thorax protection equipment, upper limb protection equipment, and lower limb protection equipment. . The head and face segment accounted for over half of the total sports equipment market size in 2018, fueling market growth. Upper and lower extremity protective gear is expected to experience higher growth rates during the forecast period due to the rapid adoption of knee pads and elbows as a preventative measure in sport.
Sports protective equipment is distributed through various channels, namely specialty retail stores, retail stores, online stores and others. Specialty retail stores generated the highest revenues in 2018 as it is a traditional channel for purchasing sporting goods and is expected to grow at a CAGR of 3.5%. Online and other retail stores are expected to experience relatively higher growth due to the widespread penetration of smartphones and tablets and the increased convenience offered by this channel to choose from a variety of products.
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North America accounted for over 35% of the sports protective equipment market share and is expected to maintain its dominance throughout the forecast period. An analysis of the Sports Protective Equipment market has been provided for the four regions covered in the report. The countries analyzed in the North American geographic segment are the United States, Canada and Mexico. Under Europe, market size and forecast is provided for UK, Germany, France, Italy and the rest of Europe.
The prevalence of sports culture and high per capita income has led to greater adoption of sports protective equipment in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India, and the rest of Asia-Pacific. Japan, China and Australia are the main markets for sports protective equipment in the region. LAMEA includes Brazil, the Middle East and the rest of LAMEA.
Key Findings of the Sports Protective Equipment Market:
North America generated the highest revenue in 2018.
LAMEA is expected to experience the strongest growth from 2019 to 2026.
The product segment comprising protections, protections, breastplates and gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated over 50% of the overall market sales in 2018.
In terms of the market by protection area, Head and Face Protection Equipment is expected to be the leading segment during the forecast period.
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Major players featured in the report include Adidas Ag, Nike Inc., Under Armor Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
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