Expert Market Research’s new report titled ‘Global Sports Protective Equipment Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global Sports Protective Equipment market, assessing the market in based on its segments such as product type, material type and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.
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Key highlights of the report include:
Market Overview (2016-2026)
- Historical market size (2020): $1.13 billion
- Forecast CAGR (2021-2026): 4%
- Forecasted market size (2026): 1.4 billion USD
The market is propelled by an increase in the involvement of schools and colleges in sports activities across the world. Increasing participation from sports regulatory bodies and professional leagues, such as the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL) and Major League Baseball, is at the origin of the increase in participation (MLB). An increase in the use of protective gear has been attributed to an increase in the number of national and international sporting events being held around the world. Various protective equipment manufacturers sponsor national and international events to gain a competitive edge and expand their customer base. Companies like Adidas, for example, were official sponsors of the FIFA World Cup. The need for sports protective equipment will increase as the number of sports activities increases. The popularity of American football, cycling and baseball is expected to increase the demand for head protection.
Industry definition and major segments
A set of gear that will protect you while playing games and sports is known as sports protective gear. It is designed to provide comfort when practicing sports and protection against any accident that may occur during practice. Preventing serious injury or minimizing the severity of any injury requires the use of the proper safety equipment for your sport. Some of the most important safety gear for athletes in any sport include goggles, helmets, mouth guards, safety pads and guards, proper footwear, and athletic shoes. The use of sports protective gear reduces the severity of injuries sustained in sports-related impacts, while protecting the wearer from further harm.
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By Product Type, the market is split into:
- Helmets and other headgear
- Protective glasses
- Face protection and mouth guard
- Pads, protectors, breastplates and gloves
The following materials are used to manufacture the sports protective equipment industry:
Based on region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
Rising awareness of health and fitness has led to increased participation in physical and sports activities, which has boosted the demand for protective gears during the forecast period. Various government programs and major manufacturing programs around the world have the potential to improve participation in physical activities, such as indoor and outdoor play. Moreover, leading manufacturers are focusing their efforts on developing new items to meet consumer demands. Since these equipments are lightweight and durable, innovative and improved products are gradually replacing older products. This, in turn, should provide manufacturers with growth prospects over the next few years. Growing participation in sports in various countries is expected to provide growth opportunities for the segment in the foreseeable future. An increasing number of sports equipment outlets is expected to have a positive impact on the market growth. Online retailers including Amazon, Walmart, and DICK’S Sporting Goods are also fueling the growth of the market.
Main market players
The major market players are Adidas AG (Adidas), Amer Sports Corporation, ASICS Corporation, BRG Sports, Nike, Inc. and PUMA SE. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the globe, our analysts are continuously monitoring the impact of this rapidly evolving situation on markets and consumer buying behaviors. Thus, our latest estimates and analysis on current market trends and forecasts will comprehensively reflect the effects of this emerging pandemic.
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