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The global Sports Protective Equipment Market Size is expected to attain a market size of $8.3 billion by 2022, rising at a CAGR of 4.7% during the forecast period.
Sports Protective Equipment is essential for preventing serious injuries or reducing the severity of an injury one may receive while playing different kinds of sports. It is necessarily to use protection against sudden external impact. Many professional sports and sports leagues have mandated the provision and usage of sports protective equipment for athletes in the sport. Governments, national health and public health organizations have drafted some safety standards which include sports equipment for athletes; it is because of the increasing number of injuries cases to athletes during sporting activities. Racing is one of the major areas where the adoption of Sports Protective equipment is witnesses prominently. A number of health and sports agencies are getting involved in standardizing sports equipment and facilities due to concerns related to durability, material, safety, and testing method. ?USA Today High School Sports and the National Athletic Trainers? Association have started publishing monthly column to address injuries and related issue?. It is particularly for schools, coaches and student-athletes to help them in selecting the right protective gear. Market players are launching new products with sensor technology; that can be embedded in sports equipment (such as balls, shoes and rackets).
The sensor allows data?s to be captured for sports events. Such data could help sports persons to track personal goals, with the aim of training. In addition to this, researchers from University of Illinois at Urbana-Champaign have utilized the Internet of things, which allows sports equipment sensors to send data directly to the coach?s phone. The factors driving the growth of the Sports Equipment Market are Prominence of National and International Sports Events and increasing sports activities. Different sports are played all over the world either in the form of hobby or part of fitness regimes. The sports activities and events have exponentially increased in the following years in many developed and developing countries. This increase in sports events have forced athlete and sports persons to be fit and fine, and hence, the requirement for protective equipment?s have seen a prominent rise in their adoption. Additionally, some of the other factors driving the demand for sports protective equipment are increase in consumer income & spending on sports equipment with growing awareness for health & fitness among consumers. However, availability of cheap counterfeit products and high prices of sports protective equipment are some of the notable factors hampering the growth of sports protective equipment market.
The market for Sports Protective Equipment is segmented on the basis of Product Type, Area of Protection, Distribution Channel, and Geography. Based on Product Type, the market is segmented into Face Protection & Mouth Guards, Helmets & Other Headgear, Pads, Guards, Chest Protectors, & Gloves, and Protective Eyewear. Based on Area of Protection, the market is segmented into Head & Face Protective Equipment, Trunk & Thorax Protective Equipment, Upper Extremity Protective Equipment, and Lower Extremity Protective Equipment. Based on Distribution Channel, the market is segmented into Online Stores & Others, Specialty Retail Stores, and Multi-Retail Stores. Based on Region, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA (Latin America, Middle East, and Africa).
Key players operating in sports protective equipment market are Amer Sports Corporation, Under Armour, Inc., Vista Outdoor, Performance Sports Group, Nike,Inc, Adidas AG, New Balance Athletic Shoe, Inc., Puma SE, V.F. Corporation, and Fila, Inc.