Sports Protective Equipment Market Expected to be Valued at US$7.1 Billion by 2027 – Exclusive Report by MarketsandMarkets™

“Browse through 180 Market Data Tables and 49 Figures spread across 212 Pages and In-Depth TOC on ‘Sports Protective Equipment Market'”

Sports Protective Equipment Market by Type (Helmets, Shin Guards, Knee Pads), Sports Type (Soccer, Skating, Cycling), Protection Area, Distribution Channel (Exclusive Stores, Multi-Size Stores, E-Commerce Portals) and region

According to Verified Market Research, Global Sports Protective Equipment Market was valued at USD 5.0 ​​Billion in 2021 and is projected to reach USD 7.1 Billion by 2027, growing at a CAGR of 6.0% from 2022 to 2027. sports protective equipment market is driven by fundamental factors such as growing consumer awareness of health and fitness, the importance of national and international sporting events, and the increase in women’s participation in sporting events. In the past two years, the distribution of sporting goods has shifted from traditional channels to e-commerce platform and online applications.

In terms of type, the market has been segmented into helmets, shoulder pads, elbow pads, shin pads, knee pads, wrist pads, spinal vests and others. The helmet segment is expected to witness the highest growth rate owing to the increasing demand for head protection in different sports activities.

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Based on distribution channel, the market is segmented into exclusive stores, multi-stores and e-commerce portals. The e-commerce portals segment is expected to register the highest growth rate during the forecast period. This distribution channel has grown due to advances in technology and internet accessibility. Companies have reached their potential customers by creating online stores where products offered by manufacturers are accessible worldwide.

Based on protection type area, the market is segmented into head and face, trunk and thorax, upper limb and lower limb. The head and face segment is expected to witness the highest growth rate during the forecast period. Head and face gears are designed to protect athletes from various serious injuries.

Based on the type of sport, the market has been segmented into skiing, skating, cycling, football, climbing/mountaineering, etc. The football segment is expected to experience the highest growth rate over the forecast period owing to its increasing popularity in many countries.

North America sports protective equipment market is expected to grow at the highest CAGR from 2022 to 2027. North America is a major market for sports protective equipment companies. The country offers a variety of sports in which people are actively involved, such as basketball, football, ice hockey, lacrosse, racquetball, and volleyball. Leading sports protective equipment manufacturing companies in North America are actively involved in organic and inorganic growth strategies, such as distribution agreements, new product developments, capacity expansions and new locations of factories. These strategies are adopted to increase their share in the sports protective equipment market.

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Companies such as Nike, Inc (USA), Adidas AG (Germany), PUMA SE (Germany), Under Armour, Inc (USA), ASICS Corporation (Japan), Mizuno Corporation (Japan), Vista Outdoor ( United States), come under the category of winners. They are leading players in the global sports protective equipment market. These players have adopted strategies of expansion, agreements, contracts, partnerships, acquisitions and collaborations to meet the growing demand for sports protective equipment regionally and globally.

In February 2022, Adidas AG announced that it had officially completed the sale of Reebok to Authentic Brands Group (ABG) for a total consideration of up to $2.31 billion.

In September 2021, Vista Outdoor announced the acquisition of Foresight Sports. This acquisition is being considered to augment Vista Outdoor’s portfolio of outdoor products.

In January 2020, Xenith launched its first helmet with RHEON technology named Shadow XR. The technology is designed to provide soft cushioning for frequent low-speed impacts and enhance protection against high-speed impacts.

In December 2018, Nike, Inc. released community shin guards, featuring a vibration motor. The vibration motor sends instructions through vibrations; for example, the vibrations of different intensities, and at different locations in the shin guard can be related to an instruction to move in a forward, backward, right or left direction.

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