Sports Protective Equipment Market:
Sports Protective Equipment Market is expected to grow at a CAGR of 6% during the forecast period and market is expected to reach US$ 17.57 Bn. by 2029..
Sports Protective Equipment Market Overview:
Outdoor sports participation of the youth has been growing over the past decades. Outdoor sports include the risk of injuries related to physical activities. If appropriate measures are not taken, the injuries may be either lethal or permanent disability. It is required to use sports protective equipment as it provides protection against unexpected external impacts and help to prevent lethal injuries. Numerous protective gear manufacturers are sponsoring events at national and international levels to gain competitive advantage along with growing their consumer base. For example, companies, like Adidas was the official sponsor of the FIFA World Cup. Nike and Under Armour are other reputed companies who were the authorized suppliers at Rio, and Brazil, respectively.The report study has analyzed revenue impact of COVID -19 pandemic on the sales revenue of market leaders, market followers and market disrupters in the report and same is reflected in our analysis.
This Sports Protective Equipment market analysis examines present and developing market trends and dynamics in the worldwide level sensor market. Sports Protective Equipment In-depth market forecasting for the main market segments between 2021 and 2027 is carried out. Extensive Sports Protective Equipment market analysis is carried out by attentively monitoring important product positioning and the market framework’s top competitors. Key competitors are profiled and their tactics are extensively examined to grasp the competitive perspective of the global Sports Protective Equipment market.
The COVID-19 pandemic has had a severe influence on the worldwide Sports Protective Equipment business. Sports Protective Equipment production facilities have been suspended due to global downturn and personnel scarcity. The COVID-19 pandemic has resulted in a severe and prolonged decline in production utilization, and travel bans and facility closures have kept employees away from their facilities, resulting in a slowdown in the growth of the Sports Protective Equipment market in 2020. However, the negative impact of COVID-19 on the Sports Protective Equipment market is projected to be temporary, and the industry is predicted to rebound rapidly by early 2021, owing to the high demand for Sports Protective Equipment .
Sports Protective Equipment Market Dynamics:
The primary driver of the expansion of the global market for sports protective equipment is the increasing involvement of schools and colleges in sporting events around the world. Increased marketing efforts by professional leagues and sports regulatory bodies, including the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL), and Major League Baseball (MLB), are to blame for the rise in participation.
It is anticipated that a number of initiatives launched by important manufacturers and governmental organizations around the world will boost interest in both indoor and outdoor gaming and physical activity. For instance, the President’s Council on Sports, Fitness & Nutrition’s (PCSFN) sport for all initiatives seek to educate all Americans on the advantages of participating in sports. Furthermore, top manufacturers are focusing on the development
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Market Scope:
The research includes an up-to-date study of the current Sports Protective Equipment market landscape, as well as the most recent trends and drivers, as well as an overview of the overall Sports Protective Equipment market environment. The market is being driven by increased demand for Sports Protective Equipment . The Sports Protective Equipment market study looks at the technology, end-user, and type categories, etc. as well as the regional landscape.
Sports Protective Equipment Market Segmentation:
In terms of region, North America will contribute for 40.0% of total sales in 2022. One of the main factors propelling the sports protective equipment market in the region is the growing global popularity of American football and ice hockey. The area has also seen an increase in involvement in sports like lacrosse and ice hockey of about 43.80% and 28.90%, respectively. The National Football League (NFL) owners are hosting events at various locations in the United States and Mexico to raise awareness about sports, which is expected to present growth opportunities for the sports protective industry. In 2022, the United States held the largest market share in North America.
Sports Protective Equipment Market Key Players:
1. Adidas Ag
2. Nike Inc.
3. Under Armour, Inc.
4. Puma SE
5. Amer Sports Corporation
6. Asics Corporation
7. Vista Outdoor
8. Warrior Sports
9. BRG Sports
10.Xenith
11.Shock Doctor (Bregal Partners)
12.MIZUNO Corporation
13.FRANKLIN SPORTS INC.
14.Alpinestars S.p.A.
15.Mueller Sports Medicine, Inc.
16.McDavid Inc.
17.Grays of Cambridge (International) Ltd.
18.Harrow Sports
19.BAUER Hockey, LLC
20.Mizuno USA
21.Schutt Sports
22.DuPont
23.FRANKLIN SPORTS INC.
The market research study includes thorough quantitative insights that offer a clear picture of the global market potential in numerous categories, as well as country-by-country analysis in each covered area. The study examines the market’s main affecting elements, as well as detailed company profiles of….
Regional Analysis:
The region segment of the Sports Protective Equipment market analysis also contains individual market influencing aspects and changes in market regulations that affect current and future market trends. Data points such as downstream and upstream value chain analysis, technological trends, porter’s five forces analysis, and case studies are just a few of the indicators used to forecast market scenarios for various areas. When analyzing prediction data for the region, the existence and availability of global players, as well as the difficulties they encounter owing to large or low to none rivalry from local and domestic brands, are all taken into account.
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Key Questions Answered in the Sports Protective Equipment Market Report are:
Which segment emerged as the leading segment in the Sports Protective Equipment market?
Which are the key players in the Sports Protective Equipment market?
What trends are likely to emerge in the Sports Protective Equipment market in the coming years?
What will be the Sports Protective Equipment market size by 2027?
Which company held the largest share in the Sports Protective Equipment market in 2020?
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