Published on : Jun 20, 2018
Albany, New York, June 20, 2018: Sports injuries are very common not only in contact sports but also non-contact sports, therefore the demand for protective equipment’s has increased. Globally, rise in demand for sports protective equipment is due to strict regulations by sports organizations regarding the use of protective equipment. Market Research Hub (MRH) has freshly publicized a study titled “Sports Protective Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026” to its massive repository, which provides comprehensive insights into the market current scenario and future growth prospects during the mentioned forecast period.
As the name implies, sports protective equipment is equipment or tools used for the safety and security of the players while playing sports. According to the research findings, the global sports protective equipment market is expected to reach a value of US$ 10.3 Bn by 2026. At this pace, the market is probable to expand at a CAGR of 4.2% during the forecast period from 2018 to 2026. In terms of volume, the market is expected to reach 275.0 million units by 2026.
The above findings have been presented via in-depth analysis on sports protective equipment market on a global as well as regional level. In the initial section, the report begins with an executive summary containing key information including market overview, market analysis along with range of market-related data. In addition, drivers, restraints, and opportunities mentioned in the report are explained through quantitative and qualitative data.
Geographical Expansion and Major Insights
Globally, the research study finds that increase in demand for sporting goods, rise in penetration of sports in emerging markets, increasing popularity of sports leagues, and economic development are some of the prime factors driving market growth of sports protective equipment. For the benefit of the readers, analysts have presented a regional segmentation of the market by highlighting regions Asia Pacific, Europe, North America, Middle East and Africa, and South America. As per the research, North America held a significant share of the sports protective equipment market as due to rise in awareness about fitness and health and increasing participation of people in sports.
Besides, the report segments the global sports protective equipment market based on product, application. On the basis of product type, the study covers head protection, footwear, upper body protection and lower body protection. By application, it covers water sports and racing, mountaineering and rock climbing, ball games and others. The head protection segment is expected to hold a major market share in the global sports protective equipment market during the forecast period.
Moreover, an important section covering vendor landscape highlights several aspects of key players such as product portfolio, innovation and core strategies of key players. At present, key players functioning in the global market include Xenith, Nike Inc., Mueller Sports Medicine Inc., Adidas AG, Puma SE, Amer Sports Corp., Under Armour Inc., Asics Corp., McDavid Inc., and Grays International.
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