Protective Sports Equipment Market to experience a healthy CAGR of 5.4%
February 17, 2020
Protective Sports Equipment Market Overview:
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.
Report Overview:
This report, from Stratview Research, studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
- Strategic segmentation
- Market analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Detailed Competitive Rivalry landscaping
- Market trend and forecast analysis
- Future Growth Boulevards
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Protective Sports Equipment Market Segment Insights:
Pads, Guard, Chest Protector and Gloves: The growth engine
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.
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Dominance of: Specialty retail stores
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.
A highly/moderately/fragment consolidated Market
Some of the major players in the protective sports equipment market are Amer Sports Oyj; Adidas AG; Nike, Inc.; Under Armour, Inc., Puma SE; Asics Corporation; Vista Outdoor Operations LLC; BRG Sports; Xenith; and Shock Doctor, Inc.
Regional Hegemony of North America
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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