Sports Protective Gear Market | Key players operating in the market include Nike, Adidas AG, PUMA SE, Under Armour, ASICS Corp

According to recent market research the "Sports Protective Gear Market by Type (Helmets, Shin Guards, Knee Pads), Sports Type (Soccer, Skating, Cycling), Area of Protection, Distribution Channel (Exclusive Stores, Multi-retail Stores, E-commerce Portals), and Region - Global Forecast to 2027", is projected to grow from USD 5.3 billion in 2022 to USD 7.1 billion by 2027, at a CAGR of 6.0% from 2022 to 2027.

The sports protective gear market has grown considerably in 2021 and is expected to grow in the coming years. Several factors such as increasing consumer awareness regarding health and fitness, rise in number of international and national sports events are expected to boost the market during forecast year. The growth of the sports protection gear market can be credited to the surge in sports and fitness awareness across the world. Over the last couple of years, people all over the world have become more self-aware of the importance associated with living a healthy lifestyle. Because of this, fitness has become a trend for millions of people, leading to a rapid increase in the size and popularity of the global fitness and sports industry.

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The helmets segment of the sports protective gear market is projected to be the fastest-growing segment during 2022 to 2027. This growth can be attributed to the increasing demand for helmets from professionals engaged in sports such as skiing, skating, cycling, and others.

The soccer segment of the sports protective gear market is projected to be the fastest-growing segment during 2022 to 2027. Soccer is the most popular sport in the world and as more people are playing soccer, the number of soccer-related injuries is increasing.

The soccer segment is expected to grow with the highest CAGR in the sports protective gear market during the forecast period. Brain injuries cause more deaths than any other sports injury which has resulted in development of head protective gear that can protect athletes from skull fractures, subdural hemorrhages, and concussions.

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The global sports protective gear market was valued at USD 5.0 billion in 2021 and is projected to reach USD 7.1 billion in 2027, at a CAGR of 6.0% from 2022 to 2027. The global market for sports protective gear is driven by basic factors such as growth in consumer awareness regarding health and fitness, prominence of national and international sporting events and increase in participation of women in sports events. Over the last couple of years, distribution of sporting goods has shifted from traditional channels to e-commerce platform and online applications.

Companies such as Nike, Inc (US), Adidas AG (Germany), PUMA SE (Germany), Under Armour, Inc (US), ASICS Corporation (Japan), Mizuno Corporation (Japan), Vista Outdoor (US), fall under the winners' category. These are leading players in the sports protective gear market, globally. These players have adopted the strategies of expansions, agreements, contracts, partnerships, acquisitions, and collaborations, to fulfill the rising demand for sports protective gears on the regional as well as global levels.

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In February,2022, Adidas AG announced that it has formally completed the divestiture of Reebok to Authentic Brands Group (ABG) for a total consideration of up to USD 2.31 billion.

In September, 2021, Vista Outdoor has announced the acquisition of Foresight Sports. This acquisition is consider to increase the outdoor product portfolio of Vista Outdoor.

In January, 2020, Xenith has launched its first helmet with RHEON technology named as Shadow XR. The technology is consider to provide soft cushioning for frequent lower-speed impacts, and strengthen protection against high-speed impacts.

In December, 2018, Nike, Inc. has launched communitive shin pads, which have vibration motor. The vibration motor sends instructions through the vibrations; for example, the vibrations of different intensities, and in different locations in the shin pad may be related to an instruction of movement in a forward, backward, rightward, or leftward direction.

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