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.
Related Press Release@ Sports Protective Equipment Market Report
Sports Protective Equipment Market Report Highlights
- 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.
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Sports Protective Equipment Market Segmentation
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
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central
& South America
- Middle East
& Africa
About Us:
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, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
