Global Sports Protective Equipment Market To Be Driven By The Increased Number Of Sporting Events And Growing Fan-Engagement In The Forecast Period Of 2023-2028

PRESS RELEASE

Published February 27, 2023

The new report by Expert Market Research titled, ‘Global Sports Protective Equipment Market Size, Share, Trends, Report and Forecast 2023-2028’, 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 analysing 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 (2018-2028)

Historical Market Size (2020): USD 8,092 Million
Forecast CAGR (2023-2028): 5.0%
Forecast Market Size (2028): USD 11,479 million

There are safety standards that are set by the national health and public health organisations 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. This will also have a positive impact on sports protective equipment market.

Sports Protective Equipment 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.

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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
Europe
Asia-Pacific
Latin America
Middle East and Africa

Sports Protective Equipment Market Trends

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.

Global Sports Protective Equipment Market To Be Driven By The Increased Number Of Sporting Events And Growing Fan-Engagement In The Forecast Period Of 2023-2028

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