Sports Protective Gear Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033


Posted May 7, 2024 by amrutaptbrc

Sports Protective Gear Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033
 
Overview and Scope
Sports protective gear refers to protective equipment used by athletes and sportspersons to protect their fingers, knees, waists, ankles, and wrists. Sports protective gear increases joint stability, safeguards joints and muscles during physical activity, and stops secondary injuries.

Sizing and Forecast
The sports protective gear market size has grown strongly in recent years. It will grow from $3.99 billion in 2023 to $4.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The growth in the historic period can be attributed to awareness of sports-related injuries, growth of organized sports leagues, rise in extreme and adventure sports, influence of professional athletes..

The sports protective gear market size is expected to see strong growth in the next few years. It will grow to $5.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to rising youth sports participation, sustainable and eco-friendly designs, expansion of action sports culture, rise of specialized protective gear, increasing disposable income, innovations in helmet design.. Major trends in the forecast period include technological advancements in material design, customization and personalization, integration of smart technologies, collaborations with athletes..

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Segmentation & Regional Insights
The sports protective gear market covered in this report is segmented –

1) By Type: Combine Sports Gear, Single Sports Protector
2) By Area Of Protecton: Head and Face, Trunk and Thorax, Upper Extremity, Lower Extremity
3) By Distribution Channel: Exclusive Stores, Multi-retail Stores, E-commerce Portals
4) By Application: Professionals, Hobbyist

Asia-Pacific was the largest region in the sports protective gear market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the sports protective gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing number of people participating in sports and recreational activities is expected to propel the growth of the sports protective gear market. The COVID-19 pandemic is one of the major reasons for the increased participation in sports and recreational activities. Due to the pandemic, people had ample free time to play sports or engage in recreational activities. Sports protective gears aids people in playing safely without any injury. For instance, in June 2022, according to the new state of the Industry Report from the Sports & Fitness Industry Association, a US-based non-profit organization that encourages engagement in sports and fitness and the health of the industry via strategic thinking, representation, study, and membership, sports, and fitness participation among Americans reached 232.6 million in 2021, the highest since the past 5 years. Therefore, the increasing number of people participating in sports and recreational activities is anticipated to fuel the sports protective gear market growth.

Key Industry Players
Major companies operating in the sports protective gear market report are Adidas AG, Amer Sports Oyj, ASICS Corp., Bauer Hockey LLC, BRG Sports Inc., Dunlop Sports Group Americas Inc., Mizuno Corporation, Nike Inc., Puma SE, Under Armour Inc., Vista Outdoor Inc., Yonex Co. Ltd., Kawasaki Heavy Industries Ltd., Rawlings Sporting Goods Compnay Inc., Riddell Sports Group Inc., Schutt Sports Group, Bell Sports Inc., Giro Sport Design Inc., K2 Sports LLC, Marker Volkl GmbH, Tecnica Group S.p.A., EssilorLuxottica SA, Zoggs International Ltd., DeMarini Sports Inc., Black Diamond Equipment Ltd., Head Sport GmbH, Helly Hansen AS, O'Neills Irish International Sports Company ltd.

The sports protective gear market report table of contents includes:


1. Executive Summary
2. Market Characteristics
3. Market Trends And Strategies
4. Impact Of COVID-19
5. Market Size And Growth
6. Segmentation
7. Regional And Country Analysis
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27. Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis


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Issued By amrutaptbrc
Country United Kingdom
Categories Business
Last Updated May 7, 2024