The global sports protective equipment market was valued at almost USD 8921.43 Million in 2022 and is projected to surpass USD 13840.07 Million by 2031, expanding at a CAGR of 5% during the forecast period, from 2023 to 2031. The growth of the market is attributed to increasing incomes, growing investments in sports by governments, and public and sports development initiatives taken by governmental institutions.
Sports protective equipment are tools used to help athletes and people engaging in sports activities to protect themselves from injuries. Various fatal injuries such as those to the head and knee, and fractures can take place if proper protective equipment is not worn by players. Sports protective equipment are necessary for playing sports, as they not only prevent injuries but ensure smooth and comfortable play.
Many sports events such as the Olympics, Wimbledon, and World Cup are taking place, which are in turn, increasing the demand for protection equipment. Furthermore, people are making fitness an important part of their life which further accelerates sales. Sports actives are gaining traction due to schools and institutes promoting the importance of staying fit, which in turn, is boosting the need for sports protective equipment.
Sports Protective Equipment Market Trends, Drivers, Restraints, and Opportunities
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The global sports protective equipment market is growing due to the increase in the demand for sports and surge in popular sports.
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COVID-19 has fueled this market, as when lockdown occurred, people started playing more sports to pass their time and to keep fit, thus increasing the demand for protection equipment.
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Rise in expenditure on sports equipment due to growing disposable income is driving the global market.
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Surge in international and national sports events is fueling the market.
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Growth in consumer awareness regarding health and fitness is driving the demand for protection equipment.
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Development of advanced protection equipment owing to technological growth fuel the market.
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Rise in sales of counterfeit goods and high pricing of branded goods are two primary factors restricting the market.
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Lack of awareness about the product and casual approach of consumers toward safety are impeding the market.
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Increase in consumer awareness about the necessity to remain healthy and fit by indulging in regular physical activities through sports is creating opportunities in the market.
Scope of Sports Protective Equipment Market Report
The report on the global sports protective equipment market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
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Attributes
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Details
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Report Title
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Sports Protective Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016-2021
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Forecast Period
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2023–2031
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Segmentation
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Sports Types (Racing Sports, Ball Sports, Water Sports, Extreme Sports, and Others), Product Types (Helmets & Headgears; Protective Eyewear; Face Protection & Mouth-guards; and Pads, Guards, Chest Protector, and Gloves), Areas of Protection (Head & Face, Trunk & Thorax, Upper Extremities, and Lower Extremities), Distribution Channels (Department & Discount Stores, Sports Shops & Specialty Stores, Online Stores, Multi-retail Stores, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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Amer Sports, Nike, Inc., Adidas AG, Puma SE, Harrow Sports, Under Armour, Inc., BAUER Hockey, LLC, Mizuno USA, Schutt Sports, DuPont, FRANKLIN SPORTS INC., DELTA PLUS, BRG SPORTS, Dunlop Sports, ANSELL LTD., McDavid, ASICS Corporation, Grays.
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Sports Protective Equipment Market Segment Insights
Extreme sports segment to grow
Based on sports type, the market can be segmented into racing sports, ball sports, water sports, extreme sports, and others. The extreme sports segment accounted for a large share of the market as people are engaging in adventurous sports and those involving high degree of risk. Moreover, they require a lot of physical exertion, and thus specialized safety gear.
Extreme sports include skateboarding, biking, bungee jumping, skiing, sky-diving, and rock climbing. The demand for good quality protection equipment is high due to the high extremities of these sports activities. Increasing inclination toward adventure activities, and rising demand for extreme sports have increased, which consequentially has increased the demand for protection equipment.
Demand for pads, guards, chest protectors, and gloves
On the basis of product types, the market is divided into helmets & headgears; protective eyewear; face protection & mouth-guards; and pads, guards, chest protector, and gloves. The pads, guards, chest protectors, and gloves segment held the largest share of the market and this trend is expected to increase in the future, due to their use in sports such as ice hockey, cricket, football, and baseball, and initiatives by governments and sport associations to mandate the use of these basic protective gear.
Head & Face segment expected to remain a dominant segment
In terms of area of protection, the market is segmented as head & face, trunk & thorax, upper extremities and lower extremities protective equipment. The head & face segment is projected to dominant the market during the analysis period, as they are required in all sports to avoid fatal injury, such as in rugby, cricket, sky & snowboard, and cycling.
Specialty stores to capture high market share
Based on distribution channels, the market is split into department & discount stores, sports shops & specialty stores, online stores, multi-retail stores, and others. The specialty stores segment dominated the global market, as these are traditional channels of distributing and purchasing sporting goods and protective gear. They provide personalized services and offer recommendations and after sales services.
Expansion of the market in Asia Pacific
On the basis of regions, the global sports protective equipment market is fragmented into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in Asia Pacific is likely to expand during the forecast period owing to the increasing demand for sports protective equipment in schools and colleges. Consequentially, rise in the number of sports events in Asia Pacific, surge in engagement in sports such as football and cricket, and increase in disposable income, growth in awareness toward health & safety, and surge in participation of women in sports are factors driving the market in the region.
Segments
Sports Types
- Racing Sports
- Ball Sports
- Water Sports
- Extreme Sports
- Others
Product Types
- Helmets & Headgears
- Protective Eyewear
- Face Protection & Mouth-guards
- Pads, Guards, Chest Protector, and Gloves
Areas of Protection
- Head & Face
- Trunk & Thorax
- Upper Extremities
- Lower Extremities
Distribution Channels
- Department & Discount Stores
- Sports Shop & Specialty Stores
- Online Stores
- Multi-retail stores
- Others
Regions
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle-East & Africa
Key Players
- Amer Sports
- Nike, Inc.
- Adidas AG
- Puma SE
- Harrow Sports
- Under Armour, Inc.
- BAUER Hockey, LLC
- Mizuno USA
- Schutt Sports, DuPont
- FRANKLIN SPORTS INC.
- DELTA PLUS
- BRG SPORTS
- Dunlop Sports
- ANSELL LTD.
- McDavid
- ASICS Corporation
- Grays
Competitive Landscape
Key players in the sports protective equipment market include Amer Sports, Nike, Inc., Adidas AG, Puma SE, Harrow Sports, Under Armour, Inc., BAUER Hockey, LLC, Mizuno USA, Schutt Sports, DuPont, FRANKLIN SPORTS INC., DELTA PLUS, BRG SPORTS, Dunlop Sports, ANSELL LTD., McDavid, ASICS Corporation, Grays. These players engage in business mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.
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