Global sports protective equipment markets of over $7 billion by 2027:
Dublin, June 27, 2022 (GLOBE NEWSWIRE) — The “Sports Protective Equipment Market by Type (Helmets, Shin Guards, Knee Pads), Sport Type (Soccer, Skating, Cycling), Protection Area, Distribution Channel (Exclusive Stores, Multi-Size Stores, E-Commerce Portals ) and Region – Global Forecast to 2027″ report has been added to from ResearchAndMarkets.com offer.
Sports protective equipment market is expected to grow from USD 5.3 billion in 2022 to USD 7.1 billion by 2027, growing at a CAGR of 6.0%
The global sports protective equipment market is driven by fundamental factors, such as growing consumer awareness of health and fitness, importance of national and international sporting events, and increasing participation of women at sporting events. Over the past two years, sporting goods distribution has shifted from traditional channels to e-commerce platforms and online apps.
Helmets in the equipment type segment are expected to register the highest CAGR during the forecast period.
Based on the type, headsets are expected to register the highest CAGR over the forecast period. This projected growth is attributed to the increase in sports activities.
The helmets are specially designed and tested according to the impacts of different types of sports. There are various regulatory bodies and organizations that take responsibility for the durability of equipment and have an established standard for equipment.
The e-commerce portal in the distribution channel type segment is expected to register the highest CAGR during the forecast period.
Based on the type of distribution channel, the e-commerce portal is expected to register the highest CAGR during the forecast period.
This distribution channel has grown due to advances in technology and internet accessibility. Companies have reached their potential customers by creating online stores where products offered by manufacturers are accessible worldwide. Mobile apps and websites are a way to establish a direct relationship with consumers.
In other words, many players in the sports protective equipment market have established an online business that does not require the company to pay a third-party tax to sell its products.
Head & Face segment in protection type domain is expected to register the highest CAGR during the forecast period
Based on the protection type area, head and face are expected to grow at the highest rate during the forecast period.
Research into sports-related head injuries has led to the development of head protective equipment that has evolved over the years. Headwear was designed to protect athletes from skull fractures, subdural hemorrhages and concussions. These advances have reduced the number of catastrophic injuries in all sports.
Football-type segment in sports is expected to register the highest CAGR during the forecast period
According to the type of sport, football is expected to witness the highest growth during the forecast period. Football is one of the most played sports and is gaining popularity in many countries.
As more and more people play soccer, so are the number of soccer-related injuries. The use of shin guards helps protect the lower legs. In most football tournaments, records show that lower leg injuries are most often caused by inadequate shin guards.
Sports Protective Equipment Market in North America Region is Expected to Witness the Highest CAGR During the Forecast Period
The North American region is expected to register the highest CAGR in the sports protective equipment market from 2022 to 2027. North America is one of the key markets for the sports protective equipment industry .
It is the originator of several sports, such as basketball, grid football, ice hockey, lacrosse, racquetball, rodeo, ultimate and volleyball. The major players in North America are involved in various activities, such as distribution agreements, new product developments, capacity expansions and new factory establishments to increase their market share and meet the increase in the demand for protective equipment for sports.
The Sports Protective Equipment report is dominated by players such as Nike, Inc (US), Adidas AG (Germany), PUMA SE (Germany), Under Armour, Inc (US), ASICS Corporation (Japan ), Mizuno Corporation (Japan), Vista Outdoor (USA), Amer Sports (Finland), Harrow Sports Inc (USA), Bauer Hockey (USA), BRG Sports (USA), United Sports Brands (USA), Xenith (USA), Franklin Sports (USA), and Dunlop Sport (UK)
- Growing awareness of health and fitness and popularity of sports is driving the sports protective equipment market
- North America Sports Protective Equipment Market Expected to Grow at Highest Rate
- Helmets and China will account for the largest shares of the sports protective equipment market in Asia-Pacific
- US Sports Protective Gear Market Expected to Grow at Highest CAGR
- Growing Consumer Awareness of Health and Fitness
- Predominance of national and international sporting events
- Increasing participation of women in sporting events
- Rising costs of raw and auxiliary materials
- Rising trend in online retail
- Increase in the number of counterfeit products
- Adidas AG
- American sports
- Asics Company
- Bauer Hockey
- Brg Sports
- Dunlop Sports
- Franklin Sports
- Grays of Cambridge (International) Ltd.
- Harrow Sports Inc.
- Manufacturing Interpads Ltd
- Mizuno Corporation
- Mueller Sports Medicine Inc.
- New Balance Athletics Inc.
- Nike, Inc.
- Nova Sports United States
- Under Armour, Inc.
- United sports brands
- Outside view
- Vizari Sport United States
For more information on this report, visit https://www.researchandmarkets.com/r/jcdw6w