The global sports protective equipment market is driven by fundamental factors, such as growing consumer awareness of health and fitness, importance of national and international sporting events, and increasing participation of women at sporting events.
New York, May 18, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Sports Protective Equipment Market by Type, Sport Type, Protection Area, Distribution Channel, and Region – Global Forecast up to in 2027” – https://www.reportlinker.com/p06277914/?utm_source=GNW
Over the past two years, sporting goods distribution has shifted from traditional channels to e-commerce platforms and online apps.
The gear-type helmet segment is expected to register the highest CAGR during the forecast period.
Based on the type, headsets are expected to register the highest CAGR over the forecast period. This projected growth is attributed to the increase in sports activities.
The helmets are specially designed and tested according to the impacts of different types of sports. There are various regulatory bodies and organizations that take responsibility for the durability of equipment and have an established standard for equipment.
The e-commerce portal in the distribution channel type segment is expected to register the highest CAGR during the forecast period.
Based on the type of distribution channel, the e-commerce portal is expected to register the highest CAGR 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. Mobile apps and websites are a way to establish a direct relationship with consumers.
In other words, many players in the sports protective equipment market have established an online business that does not require the company to pay third-party tax to sell its products.
The head and face segment in the protection type zone is expected to register the highest CAGR during the forecast period.
Based on the protection type area, head and face are expected to grow at the highest rate during the forecast period. Research into sports-related head injuries has led to the development of head protective equipment that has evolved over the years.
Headwear was designed to protect athletes from skull fractures, subdural hemorrhages and concussions. These advances have reduced the number of catastrophic injuries in all sports.
The football type segment in sports is expected to register the highest CAGR during the forecast period.
Based on the type of sport, football is expected to grow at the highest rate during the forecast period. Football is one of the most popular sports and is gaining popularity in many countries.
As more and more people play football, the number of football-related injuries is also increasing. The use of shin guards helps protect the lower legs.
In most football tournaments, records show that lower leg injuries are most often caused by inadequate shin guards.
The North America sports protective equipment market is expected to witness the highest CAGR during the forecast period.
North America region is expected to register the highest CAGR in the sports protective equipment market from 2022 to 2027. North America is one of the key markets for the protective equipment industry for Sport.
It is the originator of several sports, such as basketball, grid football, ice hockey, lacrosse, racquetball, rodeo, ultimate and volleyball. The major players in North America are involved in various activities, such as distribution agreements, new product developments, capacity expansions and new factory establishments to increase their market share and meet the increase in the demand for protective equipment for sports.
Breakdown of the profile of the main participants in the report:
• By type of business: Level 1: 20%, Level 2: 40% and Level 3: 40%
• By designation: C-level executives – 10%, directors – 70% and others – 20%
• By region: Asia-Pacific – 40%, North America – 30%, Europe – 20%, South America – 5% and Middle East and Africa – 5%
The Sports Protective Equipment report is dominated by players such as Nike, Inc (US), Adidas AG (Germany), PUMA SE (Germany), Under Armour, Inc (US), ASICS Corporation (Japan ), Mizuno Corporation (Japan), Vista Outdoor (USA), Amer Sports (Finland), Harrow Sports Inc (USA), Bauer Hockey (USA), BRG Sports (USA), United Sports Brands (USA), Xenith (USA), Franklin Sports (USA), and Dunlop Sport (UK)
The report defines, segments and projects the size of the sports protective equipment market based on type, distribution channel, protection area, sports type and region. It strategically profiles key players and thoroughly analyzes their market share and core competencies.
It also tracks and analyzes competitive developments, such as expansions, product developments, investments, agreements and partnerships, undertaken by them in the market.
Reasons to buy the report:
The report is expected to assist market leaders/new market entrants by providing the closest approximations of revenue figures for the Sports Protective Equipment market and its segments. This report is also expected to help the stakeholders to better understand the competitive landscape of the market, obtain insights to improve the position of their businesses and develop appropriate go-to-market strategies.
It also enables stakeholders to understand the pulse of the market and provides insights into key market drivers, restraints, challenges, and opportunities.
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