The global sports protective equipment market size is expected to reach USD
12.1 billion by 2025, according to a new report by Grand View Research, Inc.,
expanding at a CAGR of 4.4% over the forecast period. The market is expected to
witness significant growth owing to growing popularity of sports activities in
schools and colleges.
Increasing popularity of outdoor games such
as soccer and American football is expected to increase the demand for sports
protective gears over the forecast period. Moreover, increasing number of
sports leagues and outlets is expected to provide growth opportunities for the
market in the coming years. In addition, sports clubs are raising awareness
among people by conducting events at various places across the world, which
will have a positive impact on the sports protective equipment market growth.
For instance, since 2007, the National
Football League (NFL), one of the most popular sporting leagues in U.S., has
organized several events in London to increase awareness regarding American
football. In 2017, NFL organized four game events in London and around 84,500
fans came to watch the match between Jacksonville Jaguars and Baltimore Ravens
at Wembley Stadium.
In 2018, the head and headgear product segment
dominated the market and is expected to maintain its lead over the forecast
period. The growth is attributed to increasing awareness regarding head
injuries. For instance, Phillip Joel Hughes was an Australian Test and One Day
International (ODI) cricketer who played domestic cricket for South Australia
and Worcestershire, died during the match due to head injury, which has created
awareness among the young enthusiastic players. Leg protection gears are
expected to register the highest CAGR of 5.6% from 2019 to 2025. The segment
growth is attributed to increase in the number of participants in individual
sports, such as mixed martial arts, cycling, boxing, and skating.
North America was the largest regional
market in 2018. U.S. was the major revenue contributor in North America.
Increasing popularity of football, field hockey, and ice hockey is anticipated
to drive the regional market over the forecast period. Asia Pacific is expected
to expand at the fastest CAGR of 6.7% over the forecast period. Increasing
number of sports equipment outlets in India and China and rising wealth and
health awareness in the region is expected to have a positive impact on the
market growth.
Access Research Report of Sports
Protective Equipment Market @ https://www.grandviewresearch.com/industry-analysis/sports-protective-equipment-market
Further key findings from the study suggest:
· By product, leg protection gear is
projected to expand at the fastest CAGR of 5.6% over the forecast period. Head
and headgear was valued at USD 2.8 billion in 2018 and is projected to witness
significant growth in the next few years
· The offline distribution channel segment
dominated the global market in 2018 with 92.0% share of the overall revenue
· North America dominated the global market
in 2018 and accounted for 40.0% share in terms of revenue. This trend is
projected to continue over the next few years
· Growing popularity of field sports at the
national and international levels is expected to drive the market over the
forecast period
· The industry is highly competitive due to
presence of main players including Nike, Inc.; Adidas Group; MIZUNO
Corporation; Shock Doctor, Inc.; BRG Sports; Amer Sports; Xenith, LLC; WARRIOR
SPORTS; FRANKLIN SPORTS INC.; and Alpinestars S.p.A.
· Various manufacturers are concentrating on
new product launches and product innovation in order to expand their consumer
base.
Grand View Research has segmented the
global sports protective equipment market on the basis of product, distribution
channel, and region:
Sports Protective Equipment Product Outlook
(Revenue, USD Million, 2015 - 2025)
·
Head & Headgear
·
Eyewear
·
Chest Protection
·
Hand Protection
·
Leg Protection
·
Others
Sports Protective Equipment Distribution
Channel Outlook (Revenue, USD Million, 2015 - 2025)
·
Offline
·
Online
Sports Protective Equipment Regional
Outlook (Revenue, USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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