Sports Protective Equipment Market: Competition Status, Emerging Trends, Growth Factors, Value Chain

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Transparency Market Research provides key insights into the global sports protective equipment market. In terms of revenue, the global sports protective equipment market is expected to grow at a pace CAGR of ~ 5% During the forecast period, owing to numerous factors, about which, TMR offers insightful insights and forecast in the Sports Protective Equipment market report.

Sports protective equipment is specially designed for certain sports to prevent injuries. Sports protective equipment plays a vital role in ensuring the safety of an athlete participating in a sport. The sports industry is growing rapidly across the world as large numbers of people increasingly engage in sports and other recreational activities. The global sports industry today is a global business, spanning everything from sports gear and apparel to broadcast rights, sponsorships, merchandising and portal revenue.

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In this sports protective equipment market report, TMR predicts that the head protection segment is expected to hold a significant market share (~35%) in the global sports protective equipment market, which was valued at US$8.57 billion in 2018, and should grow to a ~5% CAGR from 2019 to 2027. Head and upper body protective equipment has acquired a substantial share of the sports protective equipment market, due to the dominance of sports such as rugby, baseball, boxing and hockey on ice, where upper body and head protective equipment play. a major role.

In terms of product type, in the sports protective equipment market, the head protection segment accounted for a major market share, and it is expected to further increase during the forecast period. The popularity of competitive sports, extreme sports, and physical training, including strength training programs, is growing at an exponential rate. Extreme sports such as auto racing, mountain biking, mountaineering, and water sports such as the ISA World Masters Surfing Championship and Freestyle Kayaking Championships are examples of some of the extreme sporting events popular that are gaining popularity among the global population.

The demand for sports protective equipment is expected to increase over the forecast period with the increasing participation of people in various sports. With higher participation in various sports, the impact of the driver is expected to be high, which will proliferate the demand for head protection equipment. Most sports-related injuries occur due to the lack of use of proper sports protective equipment. Consequently, sports agencies and associations are becoming stricter in terms of the use of protective sports equipment to minimize injuries.

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Sports Protective Equipment Market: Major Regions

The North America Sports Protective Equipment Market has been valued at US$3.08 billion in 2018, and should increase to a ~5% CAGR from 2019 to 2027. The introduction of numerous national and international leagues in various sports leads to a massive increase in sports participation, which demands appropriate sports protective equipment, indirectly projecting new requirements for this equipment.

Water sports and racing are very popular among the North American population. Water sports like surfing and snorkeling are quite popular in North America, due to its geographical conditions, surrounded by multiple beaches. Additionally, racing sports such as drag racing, dirt racing, and endurance championships are some of the well-known motorsports in North America where sports protective equipment plays a major role.

The South America sports protective equipment market is expected to witness steady growth in the coming years. The head protection equipment segment has acquired a significant share of 35%, in the sports protective equipment market in 2018, and is expected to increase further during the forecast period. This is due to the growing number of people practicing sports such as baseball, boxing, rugby, motorsports, etc. where head and upper body protective equipment plays a predominant role. The head protective equipment segment is closely followed by the upper body protection segment in the sports protective equipment market.

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Sports Protective Equipment Market: Key Players

The major players operating in the global sports protective equipment market are Adidas AG, Amer Sports Corporation, ASICS Corporation, Grays of Cambridge Ltd., McDavid Inc., Mueller Sports Medicine, Inc., Nike Inc., Puma SE, Under Armor Inc., and Xenith LLC.

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