Sports Protective Gear Market: Current Analysis and Forecast (2022-2028)

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Emphasis on Type (Helmets & Other Headgear, Protective Eyewear, Face protection & mouth guards, Pads, guards, leg protector, chest protectors, and gloves); Area of protection (Head & face, Trunk & thorax, Upper extremity, and lower extremity); Distribution channel (Offline and Online); and Region/Country

Detailed Analysis of COVID-19 Impact on the Sports Protective Gear Market

Pages:

187

Table:

46

Figure:

101

Report ID:

UMCG211089

Geography:

Clear
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Report Description
Table of content
Research Methodology

Report Description

Sports protective gear market
Sports protective gear market

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Global Sports protective gear market is expected to register a robust CAGR of ~5% over the period of 2022-2028. The growth of the market is influenced by factors such as increasing participation of schools and colleges in sports activities across the world. The surge in participation is attributed to increasing campaigns by sports governing bodies and professional leagues, such as the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL), and Major League Baseball (MLB). Moreover, growing awareness regarding health and fitness has led to a rise in participation in physical activities and sports, thereby fueling the demand for protective gear over the forecast period. The use of protective equipment is compulsory in any sports event as it provides protection against sudden external effects and helps avoid deadly injuries, which is also aiding the market growth. Furthermore, due to injuries caused to athletes during sports activities various safety standards have been established by the sport’s governing bodies across the world and implemented the use of protective equipment in sports to decrease injury risk.

Adidas AG, Alpinestars, New Balance Athletics Inc., Nike Inc., Nova Sports USA, Puma SE, Softguards, Under Armour Inc., United Sports Brands, and Vista Outdoor Inc. are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.

Insights Presented in the Report

“Amongst type, leg protection category holds the dominant position in the market”

Based on type, the market is divided into helmets & other headgear, protective eyewear, face protection & mouth guards, pads, guards, leg protection, chest protectors, & gloves. Leg protection gears are expected to expand at the highest CAGR during the forecast period. This is due to the growing popularity of soccer across the globe will have a positive impact on segment growth. For instance, according to the study, soccer or football is the most popular sport in the world. It is estimated that more than half of the world’s population consider themselves to be association football fans. The sport enjoys an estimated 4.0 billion people following, and a global sphere of influence.

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“Amongst area of protection, head and face category is currently the dominant player of market”

Based on area of protection, the market is classified into head & face, trunk & thorax, upper extremity, and lower extremity.  During the forecast period, the head & face is projected to grow at the highest rate. The development of head protection equipment has evolved as a result of studies into head injuries in sports. Athletes are shielded from skull fractures, hematoma internal bleeding, and concussions by headgear. These developments have reduced the number of severe injuries in all sports.

“Amongst distribution channel, online stores expected to have significant growth”

Based on distribution channels, the market is segmented into offline and online channels. The online segment is expected to expand at the fastest rate over the forecast period. Online sales channel has witnessed significant growth in the last few years due to increasing internet penetration in various countries. Moreover, the expansion of online retailers including such as Amazon, Walmart, and DICK’S Sporting Goods into new geographies, is further expected to fuel segment growth during the forecast period.

 “APAC to witness significant growth during the forecast period”

Asia-Pacific is expected to show the highest CAGR growth in the sports protective gear market. The major contributors to the growth of this market are China and India which are expected to become the market leaders by 2028. This is due to the increasing penetration of schools and colleges, coupled with a rise in the number of sports events, such as the World Hockey League and the Indian Premier League, which is anticipated to fuel the demand for sports protective gear over the forecast period. Growing awareness among parents related to the associated benefits of physical activities, including sports, has positively influenced the demand for sports equipment, including protective gear. The growing popularity of football in China, India, and other Asian countries is expected to increase the demand for leg protection equipment over the forecast period.

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Reasons to buy this report:

  • The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
  • The report presents a quick review of overall industry performance at one glance.
  • The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
  • Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
  • The study comprehensively covers the market across different segments.
  • Deep dive regional level analysis of the industry.


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1.1.Market Definitions
1.2.Main Objective
1.3.Stakeholders
1.4.Limitation 
2.1.Research Process of the Sports Protective Gear Market
2.2.Research Methodology of the Sports Protective Gear Market
2.3.Respondent Profile 
3MARKET SYNOPSIS
4EXECUTIVE SUMMARY
5GLOBAL SPORTS PROTECTIVE GEAR MARKET COVID-19 IMPACT
6GLOBAL SPORTS PROTECTIVE GEAR MARKET REVENUE (USD BN), 2020-2028F
7.1.Helmets & Other Headgear 
7.2.Protective Eyewear 
7.3.Face protection & mouth guards
7.4.Pads, guards 
7.5.Leg protector
7.6.Chest protectors
7.7.Gloves  
8.1.Head & Face
8.2.Trunk & Thorax
8.3.Upper Extremity
8.4.Lower Extremity 
10.1.North America
 10.1.1.U.S.
 10.1.2.Canada
 10.1.3.Rest of North America
10.2.Europe 
 10.2.1.Germany
 10.2.2.France
 10.2.3.Spain
 10.2.4.United Kingdom
 10.2.5.Italy
 10.2.6.Rest of Europe
10.3.Asia-Pacific
 10.3.1.China
 10.3.2.India
 10.3.3.Japan
 10.3.4.Australia
 10.3.5.Rest of Asia-Pacific
10.4.Rest of World
11.1.Market Drivers
11.2.Market Challenges
11.3.Impact Analysis
12SPORTS PROTECTIVE GEAR MARKET OPPORTUNITIES
13SPORTS PROTECTIVE GEAR MARKET TRENDS
14POLICY & REGULATORY FRAMEWORK
15.1.Demand Side Analysis
15.2.Supply Side Analysis
16VALUE CHAIN ANALYSIS
17.1.Competitive Landscape
 17.1.1.Porter’s Five Forces Analysis 
18.1.Adidas AG 
18.2.Alpinestars
18.3.New Balance Athletics Inc.
18.4.Nike Inc. 
18.5.Nova Sports USA
18.6.Puma SE 
18.7.Softguards
18.8.Under Armour Inc.
18.9.United Sports Brand
18.10.Vista Outdoor Inc.
19DISCLAIMER

Research Methodology

Research Methodology for the Sports Protective Gear Market Analysis (2022-2028)

Analyzing the historical market, estimating of the current market, and forecasting the future market of the Sports protective gear market were the three major steps undertaken to create and analyze the adoption of the sports protective gear market in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Sports protective gear market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:

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Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of Sports protective gear market through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Sports protective gear market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as cable type, and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the sports protective gear market. Further, we conducted factor analysis using dependent and independent variables such as type, area of protection and application of the sports protective gear market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the Sports protective gear market sector across the globe.

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Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global Sports protective gear market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast about 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

  • The industry’s market size, in terms of revenue (USD) and the adoption rate of sports protective gear market across the major markets domestically
  • All percentage shares, splits, and breakdowns of market segments and sub-segments
  • Key players in the global sports protective gear market in terms of solutions offered. Also, the growth strategies adopted by these players to compete in the fast-growing market


Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Sports protective gear market
Sports protective gear market

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Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the global Sports protective gear market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, area of protection and application in the global Sports protective gear market.

The main objective of the Global Sports protective gear market Study

The current & future market trends the of global sports protective gear market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investment on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

  • Analyze the current and forecast market size of the sports protective gear market in terms of Value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
  • Segments in the study include areas of type, area of protection and application.
  • Define and analysis of the regulatory framework for the Sports protective gear market industry.
  • Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
  • Analyze the current and forecast market size of the Sports protective gear market for the major region.
  • Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the world.
  • Company profiles of the Sports protective gear market and the growth strategies adopted by the market players to sustain in the fast-growing market
  • Deep dive regional level analysis of the industry

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