Global Sports Protective Equipment Market, 2016-2024 – Industry Survey, Market Size, Competitive Trends: Variant Market Research

Global Sports Protective Equipment Market Report, published by Variant Market Research, forecast that the global market was valued at $6,954 million in 2016 and is expected to reach $9,299 million by 2024; growing at a CAGR of 3.7% from 2016 to 2024. In geographical segments, Rest of the World (RoW) and Asia-Pacific are expected to grow at a CAGR of 6.5% and 5.3%, respectively, during the forecast period.

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The major factors driving the global sports protective equipment market are product enhancement through R&D activities, eminence of national & international level sports events, and upsurge in consumer awareness regarding health & fitness. However, manufacturing of low-quality and counterfeit products restrains the growth of the market. Though, rise in disposable income in evolving economies and trending online retail would provide several growth opportunities in the forecast period.

Product type, area of protection, distribution channel, and geography are the major key segments of the global sports protective equipment market. Product type segment is categorized into helmets & other headgear, face protection & mouth guards, protective eyewear, guards and chest protectors & gloves & pads. Area of protection segment is categorized into lower extremity protective equipment, upper extremity protective equipment, head & face protective equipment, and trunk & thorax protective equipment. By distribution channel, the global sports protective equipment market is categorized into multi-retail stores, specialty retail stores, and online stores & others. In the year 2016, within the type segment, pads, guards, chest protectors, & gloves dominated the market, driven by its extensive penetration in football, cricket, baseball, and other sports. The specialty retail stores generated the maximum revenue followed by multi-retail stores in the distribution channel segment, in 2016.

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By geography, the global sports protective equipment market is segmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). In the year 2016, North America accounted for the major market share of 37.9%, and is anticipated to continue its dominance during the forecast period. High purchasing power and growth in participation of various sports such as ice hockey has supplemented the market growth in this region. Moreover, Asia-Pacific accounted for the second largest market share of 32%, driven by rise in disposable income and increased consumer spending on sports equipment. However, in terms of growth, Rest of the World (RoW) is expected to attain the fastest CAGR of 6.3% during the forecast period 2016-2024.

Major players in the sports protective equipment market include, Adidas Ag, Nike Inc., Puma SE, Amer Sports Corporation, Vista Outdoor, Under Armour Inc., Asics Corporation, BRG Sports, Xenith, and Shock Doctor, among others.

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Scope of Sports Protective Equipment Market

Product Type Segments

• Protective Eyewear
• Helmets & Other Headgear
• Face Protection & Mouth Guards
• Pads, Guards, Chest Protectors, & Gloves

Area of Protection Segments

• Lower Extremity Protective Equipment
• Upper Extremity Protective Equipment
• Head & Face Protective Equipment
• Trunk & Thorax Protective Equipment

Distribution Channel Segments

• Multi-Retail Stores
• Specialty Retail Stores
• Online Stores & Others

Geographical Segments

• North America
• US
• Canada
• Mexico
• Europe
• UK
• France
• Germany
• Italy
• Others
• Asia-Pacific
• China
• India
• Japan
• Australia
• Others
• RoW
• South America
• Middle East
• Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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