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Sports Protective Gear Market Competitive And Growth Analysis 2024 | Adidas AG, Amer Sports Oyj, ASICS Corp., Bauer Hockey LLC, BRG Sports Inc., Dunlop Sports Group Americas Inc
Sports Protective Gear Global Market Report 2024
As per the report, the sports protective gear market size has grown strongly in recent years. It will grow from $3.99 billion in 2023 to $4.31 billion in 2024 at a compound annual growth rate (CAGR) of 8.1%. The sports protective gear market size is expected to see strong growth in the next few years. It will grow to $5.83 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
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Rising Sports Participation Amidst The Pandemic A Catalyst For The Surge In Sports Protective Gear Market
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.
Revolutionizing Safety The Surge Of Technological Innovations In Sports Protective Gear
Technological innovations are gaining popularity as a major trend in the sports protective gear market worldwide. Major market players are concentrating on implementing artificial intelligence in protective gear to aid sports professionals and athletes in several aspects of enhancing the spectator experience and helping to shape the look and feel of the sports enthusiasts. Such advancements enable key players to gain a competitive edge in the market. For instance, in August 2021, Venture Catalysts, an India-based company focusing on the commercialization of technologies through entrepreneurship, invested in Altor, another India-based startup that builds IoT and AI-enabled smart helmets. The smart helmet has a number of features that guarantee comfort while riding and road safety. When an accident occurs, the startup's patent-pending technology instantly recognizes it, notifies the rider's emergency contacts, and tracks the accident's position. Such investments are leading to the production of innovative sports protective gear products.
The 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
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Major companies operating in the sports protective gear market report are 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.
Contents of the report:
1. Executive Summary
2. Sports Protective Gear Market Report Structure
3. Sports Protective Gear Market Trends And Strategies
4. Sports Protective Gear Market - Macro Economic Scenario
5. Sports Protective Gear Market Size And Growth
…..
27. Sports Protective Gear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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