Sports injuries are common in both non-contact sports, and contact sports. Hence using the right sports protective equipment such as helmets, face guards, eye protection, chest protection, elbow pads, gloves, shin guards, footwear, ankle support becomes an essential part of the sports.
North America sports protective equipment is the largest sports protective equipment market worldwide, followed by Europe and the Asia Pacific.
Europe and North America are mature sports protective equipment markets. Stringent government rules and regulations regarding the usage of sports protection are increasingly contributing to the growth of the sports protective equipment market.
Asia Pacific region is expected to grow at a significant rate over the forecast timeline owing to various factors such as an increase in disposable income, rise in awareness of sports protective equipment, and government regulations
Changing the lifestyle of people across the globe has encouraged the acceptance of convenience-oriented routines, making sports protective products a necessity, which in turn is expected to boost the industry growth, where E-commerce plays a major role, providing various options to choose from. Delivery at consumer's doorsteps is encouraging the market to grow rapidly.
Leading sports protective equipment manufacturers are identifying the potential of developing a strategic alliance strategy that allows them to handle the risk, access new resources, and tactically manage key associations to gain competitive benefits. For example company such as Nike Inc. is sponsoring 32 National Football Leagues. Sponsoring helps in increasing product awareness amongst the consumers thereby increasing the geographical presence and overall profit.
Globally, the demand for sports protective equipment is increasing due to strict regulations by sports organizations regarding the use of protective equipment. Some regulatory agencies such as International Organization for Standardization (ISO), American National Standards Institute (ANSI), Consumer Products Safety Commission (CPSC), National Operating Committee on Standards for Athletic Equipment (NOCASE), and have tightened their regulations pertaining to the use of sports protective equipment
The sports industry is expanding rapidly across the world as a large number of people are increasingly taking up sports and entertaining activities. The global sports industry today is an all-encompassing business that consists of everything from sporting goods and apparel to broadcasting rights, sponsorship, merchandising and gate revenues.
The global sports protective equipment market has been segmented based on product type, sport type, distribution channel, and region.
Numerous research initiatives are undertaken by various sports equipment manufacturing companies worldwide to develop sports protective equipment which reduces sports causalities
In terms of product type, the global sports protective equipment market has been classified into Head Protection, Face Protection (Face Guards, Chin Straps), Eye and Ear Protection, Mouth Protection, Neck Protection, Chest Protection, Upper Extremities Protection (Shoulder Pads, Elbow Pads, Hand Gloves, and Other), Lower Extremities Protection (Thigh and Hip Protection, Knee Protection, Shin Guards, Ankle Support, Foot Protection)
The sports protective equipment market has been divided into Adventure Sports, Ball Sports, Strength and Agility Sports, Mountain Sports, Extreme Sports, Aquatic Sports, Motorised Sports
The sports protective equipment market has been divided online and offline distribution channels. Online channel is again subdivided into e-commerce websites and company-owned websites. An offline distribution channel is again subdivided into brand stores and multi-brand stores.
Based on region, the market is classified into North America (U.S, Canada, and Rest of North America), Europe (U.K, Italy, France, Germany, and Rest of Europe), Asia Pacific (India, China, Japan, and Rest of Asia Pacific), Middle East & Africa (GCC, South Africa, and Rest of the Middle East & Africa), and South America (Brazil, and Rest of South America)
Major players in the global sports protective equipment market are significantly looking for opportunities to improve production capabilities. Competition is expected to intensify in the coming years with the entry of several local players. Key companies profiled in the research report include Adidas AG, Amer Sports Corporation, Asics Corporation, Grays International, McDavid, Inc., Mueller Sports Medicine, Inc., Nike Inc., Puma SE. , Under Armour, Inc, and Xenith.