The Infinium Global Research analyzes the Sports Protective Equipment Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in global sports protective equipment market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of sports protective equipment. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the sports protective equipment market during the period. The global sports protective equipment market is projected to grow at a CAGR of 4.1% over the forecast period of 2019-2025.
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Sports safety is of vital importance nowadays. Several protective equipment’s' are used for injury prevention in sports activities. Sports protective equipment includes helmets, face protection, and mouth guards, protective eyewear, and other equipment. Most of the sports injuries are preventable with the use of safety equipment. The growing regulations related to safety in various sport events boost the demand for sports protective equipment.
Increasing Head Injuries Concern Boosts the Growth of the Sports Protective Equipment Market
The growing awareness about safety precautions and the rise in the number of injuries is a major factor contributing to the growth of the sports protective equipment market. In the U.S., around 3.5 million children get injured annually playing sports. The increasing head injuries concern boosts the growth of the sports protective equipment market. About 21 percent of all traumatic brain injuries in American children is because of sports and recreational activities. The rising adoption of an e-commerce platform that provides a wide range of variety in different price categories stimulates the demand for sports protective equipment.
Furthermore, the increasing number of sports events worldwide and easy availability and accessibility to all types of sports equipment promotes the growth of sports protective equipment market. The revenue in sports events has an annual growth rate of 8.1%. New sports equipment are more efficient, lighter and stronger with a biomechanical system interacting with the user. Such developments in sport protective equipment for better and smart safety solutions contribute to the rise in the growth of the sports protective equipment market. On the other hand, the threat of counterfeit products hampers the growth of the sports protective equipment market. Moreover, growing innovations in the existing products and the launch of new safety gears are anticipated to create fruitful opportunities for the market.
North America is Anticipated to Hold a Dominant Share in the Global Sports Protective Equipment Market
North America is anticipated to hold a dominant share in the global sports protective equipment market. The rising sports participation and surge in the purchasing power of consumers in the U.S. drives the growth of the sports protective equipment market in North America. Europe is expected to grow with a significant CAGR over the forecast period as Europe is a popular destination for sports events such as FIFA, the French Open, hockey and basketball league and many more. Asia-Pacific region is growing in the global sports protective equipment market due to the growing participation of several Asian players in sports activities as well as the growing awareness about the use of safety gears in developing countries such as India and China.
Segment Covered
The report on global sports protective equipment market covers segments such as product and application. On the basis of product, the sub-markets include hand protection, head protection, lower body protection, and other products. On the basis of application, the sub-markets include ball games, water sports and racing, mountaineering and rock climbing, and other applications.
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Companies Profiled
The report provides profiles of the companies in the market such as Adidas AG, GNG Group, Amer Sports Oyj, ASICS Corporation, McDavid Inc., Mueller Sports Medicine, Inc., Grays of Cambridge International Ltd., Nike Inc., Puma SE, Under Armour Inc., and other companies.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the sports protective equipment.
=> Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.