Author: Vikas Kumar
27 August 2022
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.
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Based on type, the market is categorized into helmets & other headgear, protective eyewear, face protection & mouth guards, pads, guards, leg protector, chest protectors, and gloves. Amongst them, helmets and headgear held a prominent share of the market and are expected to witness a significant CAGR during the forecast period. One of the main factors fueling the demand for helmets and head protection gear over the projection period is the rise in the number of professional leagues. Additionally, people have become more aware of the use of safety equipment for sports due to the increase in sports-related injuries. This is expected to drive the market demand for protective gear in sports.
Based on distribution channel, the market is segmented into offline and online stores. The offline segment held the largest share. An increase in sports equipment retailers in China and India is anticipated to boost the market’s expansion. For instance, Adidas AG opened 3,000 new stores in China by 2020, owing to rising wealth and health awareness in the country. The key aim is to expand its retail network across the globe.
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For a better understanding of the market adoption of sports Protective Gear, the market is analyzed based on its worldwide presence in the countries such as North America (US, Canada, Rest of North America); Europe (U.K, France, Spain, Germany, Italy, and Rest of Europe); Asia-Pacific (China, Japan India, Australia, Rest of Asia-Pacific), and Rest of World. Asia-Pacific is expected to witness the highest CAGR during the forecast period on account of growing adoption in countries like China and India. This is due to growing awareness among parents related to the associated benefits of physical activities, including sports, which 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.
Some of the major players operating in the market are 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.
Sports Protective Gear Market Segmentation
Market Insight, by Type
Market Insight, by Area of protection
Market Insights, by Distribution channel
Market Insight, by Region
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