The Sports Protective Equipment Market is likely to hold the global market at a moderate CAGR of ~5.3% during the forecast period. The global market holds a forecasted revenue of ~US$ 8.5 Billion in 2022 and is likely to cross ~US$ 14.2 Billion by the end of 2032.
The sports protective equipment market is anticipated to show promising growth prospects during the forecast period, expanding the sports protective equipment market size.
| Attribute | Details |
|---|---|
| The Sports Protective Equipment Market Estimated Size (2021) | ~US$ 8 Billion |
| The Sports Protective Equipment Market Estimated Size (2022) | ~US$ 8.5 Billion |
| The Sports Protective Equipment Market Projected Size (2032) | ~US$ 14.2 Billion |
| The Sports Protective Equipment Market CAGR (2022 to 2032) | ~5.3% |
Sports are an essential part of living a healthy lifestyle and are important to be active and fit. These sports activities are varying as there are tons of sports played all around the world. One most common things related to sports everywhere is sports-related injuries. These injuries are very common if proper precautions are not taken, and protective gears are the best preventive measure to avoid them. These protective gears are odd and shabby; some people avoid using them saying this equipment restraint their movements, but using them is essential to be safe from severe injuries.
Helmets, safety guards, protective pads, and footwear are some basic and commonly used protective gear in almost every sport. These are essential as players try to be in top shape and form to be able to participate in more matches and tournaments. These helmets and protective pads and guards are ranking top in the protective gear market.
Outdoor and sports activities are trending and gaining popularity day by day due to two main reasons. The first is the post-pandemic effect. People were locked in houses for almost a year, and now are now always seeking new ways to engage themselves in outdoor activities in their free time. The second reason is increasing awareness of a healthy lifestyle. COVID made people realize that health is the biggest treasure and healthy lifestyle is what matters the most.
These reasons are increasing the engagement of people in sports activities all around the world. Schools are also including mandatory sports activities in their timetables, ultimately increasing safety equipment sales.
Safety equipment is also trending as different sports are being promoted on a national level. Different tournaments and sports events are telecasted on online platforms and Television, helping in increasing the interest of the audience in sports activities.
The rise of e-commerce is another driver for the sports protective gear market. There is a number of manufacturers producing protective gear in different forms and styles. The main sales channel for these gear was specialty stores only. But as online markets are reaching every corner of the world, anyone in need can order any equipment with ease. All these factors are having a positive impact on the Sports Protective Equipment market.
The biggest restrain on the sports protective equipment market are:
Confusion from customers; often people get confused about what equipment is necessary for them and what will be the best option. There are no advisors or guiding persons to tell what equipment should one purchase and use. This confusion often leads to miss-purchases of equipment and waste of money. To avoid such waste, people avoid purchasing and eventually just forget about them.
The second reason is the lack of distribution channels leading to other problems and delays in deliveries. There is no such proper distribution channel for sports equipment, and this leads to problems during distribution. Some equipment gets dispatched from other countries and the import and export of these goods take longer than usual. Such delays often lead to less purchases and people search for other options for purchases. Such problems are having a negative impact on the sports protective equipment market.
People in the USA are starting a healthy lifestyle during the post-pandemic times. There are lots of people starting new activities like yoga and meditation or active sports like badminton, basketball swimming, and others. Not just adults, but children are also seeing frequent sports activities in their schools. These all activities are collectively having a positive impact on sales of sports-related equipment and services.
Japanese schools are very well known for their uniqueness towards the overall development of children. There is a number of clubs related to different activities in every school. These clubs are helping children to escape from academics to develop other skills. Japanese schools are offering kendo classes, which are swordplay art. These classes require a number of equipment and safety tools, including traditional clothing, mesh helmet, shoulder pads, and gloves for practice.
Some key players in the Sports Protective Equipment market are PUMA SE, Adidas, Amer Sports, Nike, BRG Sports, Under Armour, Riddell, Fortune Brands Inc., Dunlop Sports Group Americas Inc., Daiwa Seiko Corp., and others. These are popular and well-known brands all over the world.
| Attribute | Details |
|---|---|
| Growth Rate | CAGR of ~5.3% from 2022 to 2032 |
| The base year for estimation | 2021 |
| Historical Data Available for | 2017 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative units | Revenue in USD Billion, volume in Units, and CAGR from 2022 to 2032 |
| Report Coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, pricing analysis |
| Segments Covered | Product Type, Area Protected, Sales Channel, Region |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, India, Thailand, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa |
| Key Companies Profiled | PUMA SE; Adidas; Amer Sports; Nike; BRG sports; Under Armour; Riddell; Fortune Brands Inc.; Dunlop Sports Group Americas Inc.; Daiwa Seiko Corp.; Jaren Corporation and others; Others |
| Customization scope | Free report customization (equivalent to up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. |
The sports protective equipment market is expected to reach a valuation of ~US$ 8.5 Billion in 2022.
Increasing awareness of active and healthy lifestyle, number of sports activities in schools around the globe and rising interest in sports activities due different events are some of the trends responsible for driving Sports Protective Equipment market.
Leading players operating in sports protective equipment market are PUMA SE, Adidas, Amer Sports, Nike, BRG sports, Under Armour, Riddell, Fortune Brands Inc., Dunlop Sports Group Americas Inc., Daiwa Seiko Corp., and Jaren Corporation and others and among others.
Explore Similar Insights
Sports Protective Equipment Market
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.
