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In this report, the sports protective equipment market is valued at USD 8.14 billion in 2015 and is projected to reach USD 10.52 billion by the end of 2025, growing at a CAGR of 3.3% from 2016 to 2025.
Sports Protective Equipment Market
The sports protective equipment market is expected to grow from USD 3.6 billion in 2016 to over USD 6.2 billion by 2025, growing at a CAGR of 5.5% during the forecast period. The growth of the market is mainly attributed to the growing demand for sports protective equipment owing to the growing population and active lifestyle.
Sports Protective Equipment Market Size
The sports protective equipment market size is expected to reach US$7.03 billion by 2025, registering a CAGR of 5.1% during the forecast period. The demand for this product is expected to increase significantly in the future due to the growing number of sports and other physical activities among people of all age groups.
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Sports Protective Equipment Market Trends
The global sports protective equipment market size is estimated to reach US$30,360.6 million by 2025, according to the recently released report “Sports Protective Equipment Market Size, Share, Trends and Analysis and Industry Forecast – By Product Type (Skateboards & Inline Skates, Football/Soccer Footwear & Protective Equipment, Basketball/Tennis) Forecast to 2025” Zion Market Research report.
Key Players of the Sports Protective Equipment Market
Many companies promote their sports protective gear as the best, and in some cases the only gear that will work for their sport. Sports protective gear includes everything from helmets to elbow and knee pads. The market is a high growth industry with an attractive growth rate of 7% CAGR over the forecast period. There has been a recent surge in popularity due to increased sports participation across all age groups.
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Industry Analysis of the Sports Protective Equipment Industry
The sports protective equipment industry is growing and is expected to grow in the future. The industry size and market share are expected to increase over the period owing to the increase in the number of sports-related injuries.
Forecasts until 2025
The sports protective equipment market is expected to reach USD 7.1 billion by 2025, growing at a CAGR of 5.5% during the forecast period.