Protective Sports Equipment Market Size to experience an impressive growth of 5.4%
January 31, 2020
Protective sports equipment market is likely to witness an impressive CAGR of 5.4% during the forecast period. Growth in consumer spending on sports gear owing to increasing disposable income, growing health consciousness, increase in participation in sports activities, national and international sports are the prime factors that drive the protective sports equipment market globally.
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Protective Sports Equipment Market Insights:
By Product Type:
Based on the product type, the market is segmented as helmet & other head gears; protective eyewear; face protection & mouthguards; and pads, guards, chest protectors, and gloves. Among these, the pads, guards, chest protectors, and gloves dominated the market and are also expected to witness the highest growth during the forecast period, owing to their applications in sports, such as ice hockey, cricket, football, and baseball along with initiatives from sport associations to develop and mandate these basic protective gears.
By Area of Protection Type:
Based on the area of protection, the market is segmented as head & face, trunk & thorax, upper extremity, and lower extremity protective equipment. The head & face segment is expected to remain the dominant segment during the forecast period, owing to requirements of particular sports to avoid fatal injury, such as in rugby, cricket, sky & snowboard, and cycling.
By Distribution Channel Type:
Based on the distribution channel, the market has been segmented as specialty retail stores, multi-retail stores, online stores and others. Specialty retail stores dominated the protective sports equipment market as they are the traditional channels for buying sporting goods and equipment. However, online retail stores and others are expected to register higher growths during the forecast period, owing to high infiltration of smartphones and tablets, and the ease of buying various protective sports equipment through this distribution channel.
By Region:
In terms of regions, North America is expected to remain the dominant market during the forecast period, owing to high per capita income along with the commonness of sports culture in the region. Asia-Pacific is expected to witness the highest growth during the forecast period, owing to increasing disposable income of consumers, rising awareness towards health & safety, and increasing participation of women in sporting events.
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- Attractive market segments and associated growth opportunities
- Emerging trends
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- Key success factors
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