Sport Protective Equipment Market Trends and Forecast
The future of the global sport protective equipment market looks promising with opportunities in the specialty retail store, multi-retail store, and online store & other markets. The global sport protective equipment market is expected to reach an estimated $10.5 billion by 2030 with a CAGR of 4.2% from 2024 to 2030. The major drivers for this market are increasing participation in sports and recreational activities worldwide, growing awareness of the importance of sports safety among consumers and organizations, and technological advancements in materials and design improve the comfort, performance, and durability of sport protective equipment.
• Lucintel forecasts that helmet & other headgear is expected to witness the highest growth over the forecast period.
• Within this market, specialty retail store is expected to witness the highest growth.
• APAC is expected to witness highest growth over the forecast period.
United States –Nike announced partnerships with sports equipment manufacturers to develop innovative sport protective gear, aligning with government initiatives to promote sports safety. Companies aim to enhance athlete protection and performance while meeting regulatory standards.
Germany –German firm Adidas introduced advanced materials and design enhancements in its sport protective equipment line, targeting increased athlete comfort and injury prevention. With government support for sports safety initiatives, companies aim to enhance market competitiveness and consumer trust.
China –Chinese company Li-Ning launched a new range of sport protective equipment with improved durability and performance, catering to the growing demand for sports safety gear. With government efforts to promote sports participation, companies target expanding market share and ensuring athlete safety.
Australia –Australian brand 2XU unveiled collaborations with sports scientists to develop cutting-edge protective gear for athletes, aiming to enhance performance and reduce the risk of injuries. With government support for sports research and development, companies strive to innovate and meet market demands.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Sport Protective Equipment by Segment
The study includes a forecast for the global sport protective equipment by product type, area of protection, distribution channel, and region.
Sport Protective Equipment Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Helmets & Other Headgear
• Protective Eyewear
• Face Protection & Mouth Guards
• Pads, Guards, Chest Protectors, & Gloves
Sport Protective Equipment Market by Area of Protection [Shipment Analysis by Value from 2018 to 2030]:
• Head & Face
• Trunk & Thorax
• Upper Extremity
• Lower Extremity
Sport Protective Equipment Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Specialty Retail Stores
• Multi-Retail Stores
• Online Stores & Others
Sport Protective Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Sport Protective Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies sport protective equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the sport protective equipment companies profiled in this report include-
• Under Armour
• Amer Sports
• Adidas
• ASICS Corporation
• United Sports Brands
• BRG Sports
• XENITH
Recent Development in the Sport Protective Equipment Market
Nike: Nike announced the launch of its latest line of sports protective equipment, featuring innovative materials and designs to enhance athlete safety and performance across various sports and activities, demonstrating the companyÄX%$%Xs commitment to sports safety innovation.
Adidas: Adidas introduced advancements in its sports protective equipment range, incorporating state-of-the-art materials and ergonomic designs to provide athletes with enhanced comfort and protection during training and competition, reflecting the companyÄX%$%Xs dedication to athlete-centric innovation.
Li-Ning: Li-Ning unveiled its new series of sports protective equipment, focusing on durability and functionality to meet the evolving needs of athletes and sports enthusiasts, showcasing the brandÄX%$%Xs commitment to providing high-quality protective gear for sports and recreational activities.
2XU: 2XU collaborated with sports scientists to develop cutting-edge protective gear leveraging advanced technologies, aimed at optimizing athlete performance and minimizing injury risks, reinforcing the companyÄX%$%Xs position as a leader in sports protective equipment innovation.
Features of the Global Sport Protective Equipment Market
Market Size Estimates: Sport protective equipment market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Sport protective equipment market size by product type, area of protection, distribution channel, and region in terms of value ($B).
Regional Analysis: Sport protective equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, area of protection, distribution channels, and regions for the sport protective equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the sport protective equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the sport protective equipment market size?
Answer: The global sport protective equipment market is expected to reach an estimated $10.5 billion by 2030.
Q2. What is the growth forecast for sport protective equipment market?
Answer: The global sport protective equipment market is expected to grow with a CAGR of 4.2% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the sport protective equipment market?
Answer: The major drivers for this market are increasing participation in sports and recreational activities worldwide, growing awareness of the importance of sports safety among consumers and organizations and technological advancements in materials and design improve the comfort, performance, and durability of sport protective equipment.
Q4. What are the major segments for sport protective equipment market?
Answer: The future of the sport protective equipment market looks promising with opportunities in the specialty retail store, multi-retail store, and online store & other markets.
Q5. Who are the key sport protective equipment market companies?
Answer: Some of the key sport protective equipment companies are as follows:
• Under Armour
• Amer Sports
• Adidas
• ASICS Corporation
• United Sports Brands
• BRG Sports
• XENITH
Q6. Which sport protective equipment market segment will be the largest in future?
Answer: Lucintel forecasts that helmet & other headgear is expected to witness the highest growth over the forecast period.
Q7. In sport protective equipment market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the sport protective equipment market by product type (helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, chest protectors, & gloves), area of protection (head & face, trunk & thorax, upper extremity, and lower extremity), distribution channel (specialty retail stores, multi-retail stores, and online stores & others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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