Global Sports Protective Equipment Market 2017-2021

Overview of the global sports protective equipment market

According to Technavio’s market research report, the global sports protective equipment market will grow at a CAGR of more than 3% during the forecast period. The rising popularity of national and international events will drive the growth prospects for the global sports protective equipment market from 2017 to 2021. With the involvement in sports slowly becoming the need to follow an active and healthy lifestyle, there is an increasing participation in different sports activities such as soccer and lacrosse and also in adventure sports such as trekking, mountain racing, and ice skating. Moreover, the popularity of major sports tournaments for soccer, cricket, baseball, rugby, and tennis that drive the influx of audience from countries across the globe also increases participation. This growing involvement in sports activities will fuel the demand for sports protective equipment, which will consecutively drive market growth.

In terms of geography, North America was the major revenue contributor to the sports protective equipment market during 2016. Factors such as the increasing obesity rates, the growing importance of a healthy lifestyle, and the adoption of sports as a lifestyle change, will fuel the market’s growth in this region. Additionally, the development of innovative products and the introduction of regulations that mandate the usage of protective gear, will also boost the sales of sports protective equipment in the Americas. As a result, this region will continue to dominate the market throughout the predicted period.

Competitive landscape and key vendors

The sports protective equipment market is characterized by the presence of numerous small and large-scale vendors and is highly fragmented. The intense competition, rapid changes in technology, and variations in consumer preferences, pose as major challenges to the growth of the vendors. The rising competition is inducing the major players to adopt M&A strategies and acquire smaller entities. Furthermore, to survive and succeed in this competitive environment, the vendors are also focusing on distinguishing their product and service offerings through a clear and unique value proposition.

Key vendors in this market are -

• Adidas
• Amer Sports
• BRG SPORTS
• Under Armour
• Nike

Other prominent vendors in the market include BAUER Hockey, Harrow Sports, Mizuno, Palmgard International, Riddell, Schutt Sports, Slazenger, and Warrior Sports.

Segmentation by product and analysis of the sports protective equipment market

• Cycling protective equipment
• Extreme sports protective equipment
• Ball sports protective equipment

During 2016, the cycling protective equipment segment accounted for the major shares and dominated the market. Initiatives from the corporate organizations and governments of the developed countries such as the UK, the US, and Australia towards encouraging people to use bicycles as a mode of transportation and for adventure sports due to the benefits of cycling, will be a major factor enhancing the growth of this market segment. According to this market study, this segment will continue its dominance in the sports protective equipment market during the next four years as well.

Segmentation by retail format and analysis of the sports protective equipment market

• Specialty and sports shops
• Online retail
• Department and discount stores

The specialty and sports shops accounted for the majority of sales of the sports protective equipment during 2016. Consumers increasingly prefer these shops over other stores since they offer sports protective gear from popular brands. Exclusive Puma, DICK'S Sporting Goods, and Exclusive Nike are some of the most popular specialty and sports shops.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global sports protective equipment market?
• What are the key market trends impacting the growth of the global sports protective equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global sports protective equipment market?
• What are the market opportunities and threats faced by the vendors in the global sports protective equipment market?
• What are the trending factors influencing the market shares of APAC, Europe, North America, and ROW?
• What are the key outcomes of the five forces analysis of the global sports protective equipment market?

Technavio also offers customization on reports based on specific client requirement.

While playing, sports may seem a source of entertainment, but it is not free of injury risks. In certain sports, players may have to deal with impacts and contacts from other players, playing equipment, or other factors. As a result, the need for proper sports protective equipment is on the rise as it’ll help prevent injuries and maintain the overall well-being of athletes. To help the clients gain a competitive advantage, Technavio offers a wide range of research reports from consumer and retail industry, which includes an analysis of segments like cosmetics and toiletry, toy and baby products, apparel and textile, and luggage. The upcoming research report on the global sports protective equipment market also provides extensive business intelligence facts and figures such as key market players, competitive landscape, profit potential, and market size to help the clients gain a competitive advantage.

Technavio also involves in exhaustive primary and secondary research, by collecting accurate data and insights from manufacturers, athletes, sporting clubs, consumers, vendors, and other key stakeholders. The upcoming research report on the global sports protective equipment market also considers the growth of related markets such as global paddle sports equipment market and global wakeboarding equipment market, which are expected to grow at a CAGR of 13% and 14%, respectively, for the forecast period of 2017 to 2021. Due to the lucrative future provided by the sports industry, more and more people are getting into sports, whether it is for professional or recreational purposes. This necessitates the need for players to be equipped with standard protective equipment for their protection during such activities.

The upcoming report on global sports protective equipment market also takes into account other key influencing factors such as key market drivers, enhanced products, competitive landscape, and opportunities and challenges faced by the industry. The report also covers the growth of similar markets such as consumer services and personal care, retail systems, and pet supplies sector.