According to a new market report published by Industry Probe (www.industryprobe.com) titled ‘Sports Protective Equipment Market (Product Type: 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); Sport Type: Adventure Sports, Ball Sports, Strength and Agility Sports, Mountain Sports, Extreme Sports, Aquatic Sports, Motorised Sports; Distribution Channel: Online (E-commerce Portal, Company Owned Portal), Offline (Brand Stores, Multi-Brand Stores) – Global Industry Dynamics 2018-19, Trends and Forecast, 2020–2027, the global head protection segment of sports protective equipment market was valued at US$ 2.11 Bn in 2018 and is expected to expand at a CAGR of 5.9% from 2019 to 2027.
The sports protective equipment market is expected to show substantial growth opportunities in the coming years.
Head protection and upper body protection equipment acquired a dominant market share of approximately 35% and 34% respectively in 2018. This is due to the dominance of sports such as rugby, baseball, boxing, ice hockey, etc. where upper body protection and head protection equipment plays a major role.
The sports protection equipment industry is one of the strongest in the world with the entry of new companies into the market. For instance, Mueller Sports Medicine, Inc., has embarked into this market with the aim to furnish the demanded deposition equipment.
With the advent of many national and international leagues in various sports, there is a massive shift expected to increase participation in sports which demands sports protective equipment indirectly projecting new requirements of this equipment.
Sports protective equipment/products have gained importance among parents and also among sports enthusiasts. The rise in demand for adventure and ball sports protective equipment in North America is expected to complement the growth of the sports protective equipment market.
There is an increase in demand for sports protective gears is due to a rise in awareness relating to sports injuries, which has led to an increase in the adoption of protective gears in the coming years
There are strict norms related to sports protective products such as helmets, chest protection, neck protection, upper extremities, and lower extremities protection all over the world. Hence, the companies have to pay great attention while manufacturing sports protective products and this might act as a restraint to the market.
The popularity of competitive sports, extreme sports, and fitness training including strength programs, etc. are increasing at an exponential rate. Extreme sports such as moto racing, dirt biking, mountain climbing, and water sports such as ISA World Masters Surfing Championship and World Freestyle Kayak Championships, etc. are examples of some popular extreme sports events that are gaining huge popularity among the population worldwide. These trends are going to increase the demand for the Head and Upper body protection equipment market majorly.
Also, the high popularity of ball sports like soccer, football, and cricket is the primary driver for this market. These sports are highly popular and have recorded higher participation rates, which will have a positive impact on the growth of the segment over the next few years.
The sports protective equipment market is dominated by established and local players who are focused on the development of new products to cater to the rising and shifting consumer preferences.
The report includes the below-mentioned pointers of major players operating in the sports protective equipment market:
Market Share Analysis (2018)
Business Strategies / Recent Developments
Key mergers and acquisitions
Amer Sports Corporation
Mueller Sports Medicine, Inc.
Under Armour, Inc