Global Sports Protective Gear market growth 2024, Forecast To 2033
4 Mar, 2024
The sports protective gear market size has exhibited strong growth, advancing from$3.99 billion in 2023 to$4.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The upsurge in the historic period is driven by increased awareness of sports-related injuries, the expansion of organized sports leagues, the rise in extreme and adventure sports, and the influence of professional athletes. Projected for the coming years, the market is expected to witness robust growth, reaching$5.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The forecasted growth is attributed to the increasing participation in youth sports, the adoption of sustainable and eco-friendly designs, the expansion of action sports culture, the rise of specialized protective gear, the growth in disposable income, and innovations in helmet design. Major trends in the forecast period include technological advancements in material design, customization and personalization, the integration of smart technologies, and collaborations with athletes.
Global Sports Protective Gear Market Key Driver
The increasing number of people participating in sports and recreational activities is expected to propel the growth of the sports protective gear market. The COVID-19 pandemic is one of the major reasons for the increased participation in sports and recreational activities. Due to the pandemic, people had ample free time to play sports or engage in recreational activities. Sports protective gears aids people in playing safely without any injury. For instance, in June 2022, according to the new state of the Industry Report from the Sports & Fitness Industry Association, a US-based non-profit organization that encourages engagement in sports and fitness and the health of the industry via strategic thinking, representation, study, and membership, sports, and fitness participation among Americans reached 232.6 million in 2021, the highest since the past 5 years. Therefore, the increasing number of people participating in sports and recreational activities is anticipated to fuel the sports protective gear market growth. The sports protective gear market is forecasted to grow to $XX billion by 2023, with sustained growth predicted through 2024 and 2028.
Get A Free Sample Of The Global Sports Protective Gear Market ReportGlobal Sports Protective Gear Market Segments
The global sports protective gear market covered in this report is segmented –
1) By Type: Combine Sports Gear, Single Sports Protector
2) By Area Of Protecton: Head and Face, Trunk and Thorax, Upper Extremity, Lower Extremity
3) By Distribution Channel: Exclusive Stores, Multi-retail Stores, E-commerce Portals
4) By Application: Professionals, Hobbyist
By Geography: The regions covered in the sports protective gear market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa.
Asia-Pacific was the largest region in the sports protective gear market in 2023. North America
Major Sports Protective Gear Industry Players
Adidas AG, Amer Sports Oyj, ASICS Corp., Bauer Hockey LLC, BRG Sports Inc., Dunlop Sports Group Americas Inc., Mizuno Corporation, Nike Inc., Puma SE, Under Armour Inc., Vista Outdoor Inc., Yonex Co. Ltd., Kawasaki Heavy Industries Ltd., Rawlings Sporting Goods Compnay Inc., Riddell Sports Group Inc., Schutt Sports Group, Bell Sports Inc., Giro Sport Design Inc., K2 Sports LLC, Marker Volkl GmbH, Tecnica Group S.p.A., EssilorLuxottica SA, Zoggs International Ltd., DeMarini Sports Inc., Black Diamond Equipment Ltd., Head Sport GmbH, Helly Hansen AS, O'Neills Irish International Sports Company ltd.
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Sports Protective Gear Market Overview
Sports protective gear refers to protective equipment used by athletes and sportspersons to protect their fingers, knees, waists, ankles, and wrists. Sports protective gear increases joint stability, safeguards joints and muscles during physical activity, and stops secondary injuries.
Sports Protective Gear Global Market Report 2023 provides data on the global sports protective gear market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The sports protective gear market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.