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 based on of its segments such as product type, protection domain, distribution channel 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): USD 8,092 million
- Forecast CAGR (2021-2026): 5.0%
- Forecast market size (2026): 11,479 million USD
There are safety standards that are set by national health and public health bodies under the aegis of the government to identify risks and protective equipment, therefore, to protect athletes during sports activities. Such rules increase the demand for protective equipment and help increase their market value. The variety of types of protective equipment available, due to different high-risk areas in different sports, also increases the application and market reach. Additionally, increased fan engagement in sports is propelling the sports industry, increasing the number of teams, leagues, and sporting events, which is expected to help the market further. Furthermore, the growing acceptance of sport as a physical activity and a professional career has led to greater participation at all levels. This will also have a positive impact on the sports protective equipment market.
Industry definition and major segments
Sports protective gear refers to protective gear worn while playing a sport or any recreational activity. This equipment is designed to provide protection against any unforeseen injuries that may occur during play. There are equipment to protect the skull, eyes, face, mouth, among other parts of the body.
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On the basis of product type, the market is segmented into:
- Helmets and other headgear
- Protective glasses
- Face protection and mouth guard
- Pads, protectors, breastplates and gloves
Based on the area of protection, the market is split into:
- Head & Face
- Trunk & Thorax
- Upper limb
- Inferior member
Based on distribution channel, the market is split into:
- Specialty retail store
- Multi-retail stores
- Online stores and others
Major regional markets include:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Market trends
Growing number of sporting events around the world involving different sports and better understanding of safety is driving the sports protective equipment market. Injuries during sporting or recreational activities have enormous social and economic costs and to prevent accidental sports injuries, quality protective equipment is essential. This strengthens the market and should also make it stronger in the future. Additionally, increased internet penetration and the resulting boom in e-commerce, along with increasing disposable income, are also expected to provide more growth opportunities for the industry. The demand for equipment that is simple to install and maintain, durable and reliable, and causing minimal functional interference will strongly influence the market.
Main market players
Major market players include Adidas AG, Amer Sports, ASICS America Corporation, BRG Sports, Nike, Inc, Puma SE, and Under Armour, Inc., among others. 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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