Sports Protective Equipment Market is Expected to Grow at a CAGR of 5.2% During the Forecast Period 2022-2031, TMR Study Notes

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  • Rising consumer spending on sports protective equipment is expected to drive the global sports protective equipment market
  • More people are participating in different sports activities which is expected to increase the demand in the global market

WILMINGTON, Del., August 19, 2022 /PRNewswire/ — In 2021, the value of the global protective sports equipment market was US$8.18 billion. The global market is expected to grow at a CAGR of 5.2% during the forecast period, 2022 to 2031. The value of the global sports protective equipment market is estimated to affect $13.35 billion by 2031. The sports protective equipment market is driven by an increase in participation in outdoor sports activities. With more and more people playing sports, there is a growing need for protective equipment such as boxing gear, helmets and shoes, which is expected to provide growth prospects for sports equipment suppliers.

Due to the increase in sports-related injuries, individuals are also becoming more knowledgeable about the use of protective equipment for sports. This is expected to increase consumer demand for sports protective gear. In order to bring new items to market, manufacturers of sports safety equipment are constantly investing in research and development projects. Since there are more sports professionals in Asia Pacific than in any other region, the demand for sports equipment substances is likely to be higher in the region.

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Key Findings of the Market Report

  • An increasing number of individuals are participating in various sports activities. In addition to keeping a person healthy and fit, sport helps to improve life satisfaction. The increase in engagement in different sports activities is also attributed to a better understanding of health issues and stress management. As a result, consumers are spending more on protective sports gear, which is expected to boost the global market.
  • Various organizations and regulatory bodies, such as the American National Standards Institute (ANSI) and the International Organization for Standardization (ISO), have established rules governing the use of athletic protective equipment. This is expected to increase the global demand for protective sports equipment.
  • The demand for sports protective equipment is increasing due to a better understanding of the use of different sports equipment. An increase in the incidence of injuries among players of different ages is also expected to lead to sports safety equipment. Sports safety equipment has been very popular among women and men.
  • Given the boom in sporting activities in many countries of the Asia Pacific region, including China and India, the regional market is expected to grow at a high CAGR over the forecast period. The Asia Pacific The market is also expected to be driven by the region’s strong participation in professional sports.

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Global Sports Protective Equipment Market: Growth Drivers

  • Based on the product type, the demand for upper body protective gear is expected to increase in the coming years. The category is likely to expand as more and more people participate in fitness training, extreme sports, competitive sports, as well as different bodybuilding programs.
  • Based on applications, mountaineering and rock climbing categories are expected to dominate the global market during the forecast period. This is due to the fact that mountaineering as well as small and large scale treks are becoming more and more popular around the world.

Global Sports Protective Equipment Market: Key Players

Some of the major players in the market are

  • Mueller Sports MedicineInc.
  • Amer Sports Corporation
  • Gray of Cambridge (International) Ltd.
  • ASICS Company
  • Under Armor Inc.
  • Nike, Inc.

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Global Sports Protective Equipment Market: Segmentation

type of product

  • Head protection
  • Upper body protection
  • Lower body protection
  • Shoe
  • Others

Application

  • Water sports and races
  • Ball games
  • Mountaineering and rock climbing
  • Others

Final user

  • Professional
  • Not professional

Price

Distribution channel

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