Sports Protective Gear Market by Type (Helmets, Shin Guards, Knee Pads), Sports Type (Soccer, Skating, Cycling), Application (Ball games, Water sports and racing, Mountaineering Others): Global Market Size Estimates and Forecast (2019-2030)

Code: BMIRE00026973 | Pages: 100 | Industry: Electronics and Semiconductor | Date: Oct 2022 | Type: Global

The market is expected to cross US$ 8.99 billion in 2022 and is projected to hit US$ 13.76 billion by 2030, recording a CAGR of 5.41 during the forecast period.

The prominence of sports events will drive the market growth over the forecast period.

Sporting events are rising rapidly due to the increasing passion of people for sports and, as a result, the formation of numerous teams representing various countries. Additionally, In the last few years, many major sporting events have driven the sports protective gear market. Furthermore, the major events include the Rugby World Cup, Cricket World Cup, Rio Olympics and Paralympics, ICC World Twenty20, Cycling, Baseball World Series, Pyeongchang Winter Olympics, FIFA World Cup, Asian Games, and Commonwealth Games. Sporting events that occur every year, such as Super Bowl and Indian Premier League, are gaining popularity and attracting more players. Thus, driving the growth of the market.

Within the report, the market is segmented into type, sports type, application, and geography. By type, the market is segmented into Helmets, Shin Guards, Knee Pads. Based on sports type, the market is segmented into Soccer, Skating, Cycling. Based on application, the market is segmented into Ball games, Water sports and racing, Mountaineering Others. Geographically, the market is sub-segmented into North America, Europe, Asia Pacific, and rest of the world.

Increasing demand for sports equipment is another factor driving the market growth.

Consumer spending on sports equipment devices is anticipated to amplify the sports protective gear industry, thus driving market growth. Additionally, the significant growth in consumer awareness regarding the health benefits offered by indulging in physical activities boosted the global market growth. Furthermore, the interest in personal appearance is on the rise among individuals, promoting health consciousness among them, increasing population, disposable incomes, and an increase in the standard of living have positively impacted and driven the growth of the Global Sports Protective gear market.

Increasing online retail will create lucrative growth potential over the forecast period.

Over recent years, there has been a paradigm shift in how to sports goods industry sells its products to consumers. The distribution of goods has moved from conventional channels to e-commerce portals, applications, and platforms. Manufacturers who could not previously capitalize on sales due to a lack of organized retail have now found a new means to increase their revenues by entering the e-commerce market. Online sales channels have become popular in the last few years, and as per an estimate, this channel has grown approximately 30% during this tenure. The increases in per capita and disposable income have strengthened consumer expenditure. As a result, the average consumer is willing to spend more on products such as sports protective equipment compared to previous years.

Recent Strategic Developments in Sports Protective gear market

The Sports Protective gear market has undergone several significant developments, and a few of these have been mentioned below:

  • On July 21, 2022, PUMA introduced the FUTURE 1.4 Fastest Edition boots.
  • On Feb 3, 2022, Nike Inc. became an investor in the Women's National Basketball Association (WNBA).

The Sports Protective gear market is driven by several players by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Nike Inc., Adidas AG, Puma SE, Asics Corp., Amer Sports Corp., Xenith Under Armour Inc., McDavid Inc., Mueller Sports Medicine Inc., Grays International, Asics Corporation., are among the prominent players operating in the market.

Target audience for the report:

  • Sports protective gear manufacturers
  • Raw material providers
  • Sports protective gear providers
  • Sports protective gear -related service providers
  • Sports protective gear -related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policy makers
  • Venture capitalists, private equity firms, and start-up companies
  • Electronics component suppliers
  • Sports protective gear and devices distributors and sales firms
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the market has been segmented on the basis of:

  • Type
    • Helmets
    • Shin Guards
    • Knee Pads
  • Sports Type
    • Soccer
    • Skating
    • Cycling
  • Application
    • Ball games
    • Water sports and racing
    • Mountaineering Others
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of World
  • Companies profiles
    • Nike Inc.
    • Adidas AG
    • Puma SE
    • Asics Corp.
    • Amer Sports Corp.

The List of Companies

- Nike Inc.
- Adidas AG
- Puma SE
- Asics Corp.
- Amer Sports Corp.

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