North America accounted for over 35% of the sports protective equipment market share
PORTLAND, 5933 NE WIN SIVERS DRIVE, #205, OR 97220, USA, March 15, 2022 /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 progressive over the next few years. LAMEA is expected to experience the highest growth rate, due to the growing popularity of sports such as baseball and basketball in Brazil.
Rising participation in sports activities, growth in consumer spending on sports equipment, increase in consumer health awareness, importance of domestic and international sporting events are driving the growth of the equipment industry sports protection. However, the availability of cheap and counterfeit products is restraining the growth of the market. Increasing online retail penetration is expected to provide lucrative growth opportunities.
Request a sample copy of this report >>> https://www.alliedmarketresearch.com/request-sample/1772
The sports protective equipment market is segmented by product type into helmets and other headwear, goggles, face protection and mouth guards, and pads, chest guards and gloves. Among these, the product segment comprising pads, protectors, chest protectors and gloves accounted for the largest size of the sports equipment market, by value, owing to the widespread penetration of these equipments in various sports such as ice hockey, football, cricket, baseball and others. sports. The goggles product segment follows the pads, guards, chest protectors and gloves segment, in terms of the size of the sports protective equipment market, due to its rapid adoption by recreational users and other sports enthusiasts. sport as a fashion trend.
The global sports protective gear market is categorized based on protection area into head and face protective gear, trunk and thorax protective gear, upper limb protective gear and lower limb protective gear. The head and face segment accounted for more than half of the total sports equipment market size in 2018, fueling the growth of the market. Upper and lower limb protective gear is expected to experience higher growth rates over the forecast period owing to the rapid adoption of knee and elbow pads as a preventative measure in sports.
Sports protective equipment is distributed through various channels, namely specialty retail stores, multi-retail stores, online stores and others. Specialty retail stores generated the highest revenue in 2018, as it is a traditional channel for purchasing sports 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.
Get Detailed COVID-19 Impact Analysis @ Customization Request >>> https://www.alliedmarketresearch.com/request-for-customization/1772?reqfor=covid
North America accounted for more than 35% of the sports protective equipment market share and is expected to maintain its dominance throughout the forecast period. Sports Protective Equipment market analysis has been provided for all 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 are provided for UK, Germany, France, Italy and Rest of Europe.
The dominance of sports culture and high per capita income has led to greater adoption of sports protective gear in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India and 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.
Major Results 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 pads, protectors, chest protectors and gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated more than 50% of overall market sales in 2018.
In terms of market by protection area, head and face protective equipment is expected to be the leading segment during the forecast period.
Want to get this report? Visit here >>> https://www.alliedmarketresearch.com/purchase-enquiry/1772
Key players profiled in the report are Adidas Ag, Nike Inc., Under Armor Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
Similar report :-
Sports Sunglasses Market https://www.alliedmarketresearch.com/sports-sunglasses-market-A06124
Lateral Fitness Equipment Market https://www.alliedmarketresearch.com/lateral-fitness-equipment-market-A06181
Allied Analytics LLP
write to us here
Visit us on social media: