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Global Sports Protective Equipment Market To Be Driven By The Increased Number Of Sporting Events And Growing Fan-Engagement In The Forecast Period Of 2021-2026
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The new report by Expert Market Research titled, 'Global Sports Protective Equipment Market Size Report and Forecast 2021-2026', gives an in-depth analysis of the global sport's protective equipment market, assessing the market based on its segments like product type, area of protection, distribution channel, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter's Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
- Historical Market Size (2020): USD 8.092 Million
- Forecast CAGR (2021-2026): 5.0%
- Forecast Market Size (2026): USD 11.479 million
There are safety standards that are set by the national health and public health organizations under the government to identify risks and protective equipment, consequently, to protect athletes during sporting activities. Such rules increase the demand for protective equipment and help increase their market worth. The variety in the types of protective equipment available, owing to different high-risk areas in different sports, also increases the application and scope of the market. Moreover, increased fan engagement in sports is propelling the sports industry, augmenting the number of teams, leagues, and sporting events all together, which is anticipated to help the market further. Also, growing acceptance of sports as a fitness activity and a professional career has led to more participation at all levels.
Industry Definition and Major Segments
Sports protective equipment refers to protective gears that are worn while playing a sport or performing any recreational activity. This equipment is designed to enable protection against any unforeseen injuries that might occur while playing. There is equipment to protect the skull, eye, face, mouth, among other body parts.
Explore the full report with the table of contents@ https://bityl.co/CPfW
On the basis of product type, the market is segmented into:
- Helmets & Other Headgear
- Protective Eyewear
- Face Protection & Mouth Guards
- Pads, Guards, Chest Protectors, & Gloves
Based on area of protection, the market is divided into:
- Head & Face
- Trunk & Thorax
- Upper Extremity
- Lower Extremity
Based on distribution channel, the market is bifurcated into:
- Specialty Retail Store
- Multi-Retail Stores
- Online Stores and Others
The major regional markets include:
- North America
- Asia Pacific
- latin america
- Middle East and Africa
The increasing number of sporting events around the globe with respect to different sports and an improved understanding of safety is invigorating the market for sports protective equipment. Injuries during sports or recreational activities lead to huge social and economic costs and to prevent accidental sports injuries, quality protective equipment are crucial. This strengthens the market and is anticipated to make it stronger in the coming future as well. Additionally, the increased penetration of internet and the consequent boost of e-commerce along with rising disposable income is also expected to provide more growth opportunities for the industry. Demand for equipment which are simple to fit and maintain, durable and reliable, and cause minimal functional interference will strongly influence the market.
Key Market Players
The major players in the market are Adidas AG, Amer Sports, ASICS America Corporation, BRG Sports, Nike, Inc, Puma SE, and Under Armour, Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Expert Market Research (EMR) is leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium scale enterprises.
EMR customizes syndicated reports according to clients' requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.
Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate and actionable industry intelligence so that they may formulate informed, effective and intelligent business strategies and ensure their leadership in the market.
Company Name: EMR Inc.
Contact Person: Steven Luke, Corporate Sales Specialist – USA
Toll Free Number: +1-415-325-5166 | +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
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