PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1122983
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1122983
Global Sports protective gear market is expected to register a robust CAGR of ~5% over the period of 2022-2028. The growth of the market is influenced by factors such as increasing participation of schools and colleges in sports activities across the world. The surge in participation is attributed to increasing campaigns by sports governing bodies and professional leagues, such as the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL), and Major League Baseball (MLB). Moreover, growing awareness regarding health and fitness has led to a rise in participation in physical activities and sports, thereby fueling the demand for protective gear over the forecast period. The use of protective equipment is compulsory in any sports event as it provides protection against sudden external effects and helps avoid deadly injuries, which is also aiding the market growth. Furthermore, due to injuries caused to athletes during sports activities various safety standards have been established by the sport's governing bodies across the world and implemented the use of protective equipment in sports to decrease injury risk.
Adidas AG, Alpinestars, New Balance Athletics Inc., Nike Inc., Nova Sports USA, Puma SE, Softguards, Under Armour Inc., United Sports Brands, and Vista Outdoor Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Based on type, the market is divided into helmets & other headgear, protective eyewear, face protection & mouth guards, pads, guards, leg protection, chest protectors, & gloves. Leg protection gears are expected to expand at the highest CAGR during the forecast period. This is due to the growing popularity of soccer across the globe will have a positive impact on segment growth. For instance, according to the study, soccer or football is the most popular sport in the world. It is estimated that more than half of the world's population consider themselves to be association football fans. The sport enjoys an estimated 4.0 billion people following, and a global sphere of influence.
Based on area of protection, the market is classified into head & face, trunk & thorax, upper extremity, and lower extremity. During the forecast period, the head & face is projected to grow at the highest rate. The development of head protection equipment has evolved as a result of studies into head injuries in sports. Athletes are shielded from skull fractures, hematoma internal bleeding, and concussions by headgear. These developments have reduced the number of severe injuries in all sports.
Based on distribution channels, the market is segmented into offline and online channels. The online segment is expected to expand at the fastest rate over the forecast period. Online sales channel has witnessed significant growth in the last few years due to increasing internet penetration in various countries. Moreover, the expansion of online retailers including such as Amazon, Walmart, and DICK'S Sporting Goods into new geographies, is further expected to fuel segment growth during the forecast period.
Asia-Pacific is expected to show the highest CAGR growth in the sports protective gear market. The major contributors to the growth of this market are China and India which are expected to become the market leaders by 2028. This is due to the increasing penetration of schools and colleges, coupled with a rise in the number of sports events, such as the World Hockey League and the Indian Premier League, which is anticipated to fuel the demand for sports protective gear over the forecast period. Growing awareness among parents related to the associated benefits of physical activities, including sports, has positively influenced the demand for sports equipment, including protective gear. The growing popularity of football in China, India, and other Asian countries is expected to increase the demand for leg protection equipment over the forecast period.
Global sports protective gear market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.