Global Sports Protective Equipment Market Size, Trends, Research, Share, Opportunity & Forecast 2019-2026
A new report published by KD Market
Insights, titled, "Sports
Protective Equipment Market by
Product Type, Area of Protection, and Distribution Channel: Global Opportunity
Analysis and Industry Forecasts, 2018–2026," projects that the global
sports protective equipment market was valued at $7,518 million in 2018 and
estimated to reach $10,171 million by 2026. Sports protective equipment market
trends are expected to be progressive over the next few years. LAMEA is
expected to witness the highest growth rate, owing to the increase in
popularity of sports such as baseball and basketball in Brazil.
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.
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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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North America accounted for over 35% of the
sports protective equipment market share, and is anticipated to maintain its
dominance throughout the forecast period. Sports protective equipment market
analysis has been provided for all the four regions covered in the report.
Countries analyzed under the North American geographical segment are the U.S.,
Canada, and Mexico. Under Europe, market size and forecast are provided for UK,
Germany, France Italy, and rest of Europe.
Prevalence of sports culture and high per
capita income has led to higher adoption of sports protective equipment in North
America and Western Europe. Countries covered in Asia-Pacific include Japan,
China, Australia, India, and rest of Asia-Pacific. Japan, China, and Australia
are the leading markets for sports protective equipment in the region. LAMEA
includes Brazil, Middle-East, and rest of LAMEA.
Key Findings of the Sports Protective
Equipment Market:
- North America generated the highest revenue
in 2018.
- LAMEA is anticipated to witness the highest growth from 2019 to 2026.
- Product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
- Specialty retail stores generated over 50% of the overall market sales in 2018.
- In terms of market by area of protection, head & face protective equipment is projected be the leading segment over the forecast period.
- LAMEA is anticipated to witness the highest growth from 2019 to 2026.
- Product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
- Specialty retail stores generated over 50% of the overall market sales in 2018.
- In terms of market by area of protection, head & face protective equipment is projected be the leading segment over the forecast period.
Leading players profiled in the report 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).
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