The global Sports Protective Equipment Market is estimated to reach USD 10,171million by 2026 and is anticipated to grow at a CAGR of xx% during the forecast period, according to a comprehensive study added by Report Ocean,
The report offers an in-depth analysis of major driving factors, segments, regions & countries and key players in the market. Moreover, the report also outlines the competitive scenarios across different geographies along with key developments which include mergers and acquisitions, new product or services development, R&D activities, thus giving insights to the market players about the major regions gaining traction.
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Growth Factors and Restraints
Rise in participation in sports activities, growth in consumer spending on sports gear, increase in health consciousness among consumers, prominence of national & international sports events foster the growth of sports protective equipment industry. However, availability of cheap and counterfeit products restrains the market growth. Increase in penetration of online retail is expected to offer lucrative opportunities for growth.
The worldwide Sports Protective Equipment market research report provides a deep-dive analysis of the present market situation and future market trends. The analysis provided in the report help the manufacturers, companies, service providers, etc. as a major guiding factor for decision making and analyzing the current and future market situations. The report also analyzes the major players operating in the market.
List of major players operating in the Sports Protective Equipment market include:
Adidas Ag, Nike Inc., Under Armour Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
The sports protective equipment market is segmented by product type into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, and chest protectors & gloves. Among these, product segment comprising pads, guards, chest protectors & gloves accounted for the largest sports equipment market size, by value, owing to the extensive penetration of these equipment in diverse sports such as ice hockey, football, cricket, baseball, and other sports. Protective eyewear product segment follows pads, guards, chest protectors, & gloves segment, in terms of the sports protective equipment market size, owing to its rapid adoption among recreational users and other sports enthusiasts as a fashion trend.
The global sports protective equipment market is categorized based on the area of protection into head & face protective equipment, trunk & thorax protective equipment, upper extremity protective equipment, and lower extremity protective equipment. The head & face segment accounted for over half of the total market sports equipment market size in 2018, fueling the market growth. Upper and lower extremity protective equipment are expected to witness higher growth rates during the forecast period on account of the rapid adoption of knee and elbow braces as a preventive measure in sports.
The sports protective equipment gear is distributed through diverse channels, namely, specialty retail stores, multi-retail stores, and online stores & others. Specialty retail stores generated the highest revenue in 2018, since it is a traditional channel for the purchase of sports products, and is expected to grow at a CAGR of 3.5%. Online retail stores & others is expected to witness relatively higher growth owing to the extensive penetration of smartphones and tablets, and the increased convenience offered by this channel to choose from a variety of products.
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Major highlights of the Table of Contents of the study:
- Market Overview & Summary
- Market Dynamics
- Market Share Analysis
- PORTERS Analysis
- PESTEL Analysis
- Value-chain Analysis
Why purchase this report
- The report would provide an in-depth analysis of the current and future market trends
- Analysis of both global, regional and country lever markets
- Key strategic initiatives are taken by major players operating in the market along with ranking analysis for the key players
- Analysis based on historical information along with the current trends to estimate the future of the market
- Analysis of the impact of constantly changing global market scenarios on the market
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