Press release
Sports Protective Gear Market Projected Growth from $3.31 Bn in 2023 to $5.51 Bn by 2030 at an 8.5% CAGR
Sports Protective Gear Market
The global sports protective gear market is experiencing robust growth, driven by rising awareness about safety during sports activities, advancements in protective technology, and increased participation in sports worldwide. The market was valued at USD 9.8 billion in 2023 and is expected to grow at a CAGR of 6.5% during the forecast period, reaching USD 15.3 billion by 2030.
This press release delves into country-specific insights, mergers and acquisitions, and key trends, highlighting the potential growth and opportunities in markets like Vietnam, Thailand, Japan, China, South Korea, Singapore, the US, and Europe.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/148740/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ข๐๐ญ๐ง๐๐ฆ
Growth in Vietnam
The increasing participation in football, volleyball, and martial arts has driven demand for protective gear in Vietnam. Local sports clubs and schools have started adopting safety equipment as a mandatory requirement, bolstering market growth.
Trends in Vietnam
The emergence of e-commerce platforms offering affordable protective gear is a key trend. Collaboration with international brands has led to the availability of high-quality products at competitive prices.
Consolidation in Vietnam
Decathlon, a prominent player, has strengthened its presence through partnerships with local retailers, ensuring wider product availability.
Updation in Vietnam
Recent government initiatives promoting youth sports participation are expected to further boost demand for protective gear.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐ก๐๐ข๐ฅ๐๐ง๐
Opportunities in Thailand
Thailand's thriving sports tourism and popular combat sports like Muay Thai are major drivers. Custom-designed protective gear for local martial arts is gaining traction.
Trends in Thailand
The increasing focus on women's sports and children's sports camps has created niche opportunities in the protective gear segment.
Consolidation in Thailand
Key acquisitions by Under Armour and Adidas have led to better penetration of branded protective gear in the Thai market.
Updation in Thailand
The Thai government's investment in sports infrastructure and training programs is anticipated to boost market dynamics.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐๐ฉ๐๐ง
Growth in Japan
Japan's focus on international sports events like the Tokyo Olympics has spurred investments in high-quality protective gear.
Trends in Japan
The adoption of advanced materials like carbon fiber and shock-absorbent polymers is driving innovation in the market.
Consolidation in Japan
Mizuno Corporation recently announced strategic collaborations to develop eco-friendly protective gear for professional athletes.
Updation in Japan
The rise of esports and virtual sports is creating opportunities for virtual reality-specific protective equipment.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/148740/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ ๐ข๐ง ๐๐ก๐ข๐ง๐
Growth in China
China's strong emphasis on youth sports academies and the "Healthy China 2030" initiative are major growth drivers for the protective gear market.
Trends in China
Innovative wearables embedded with smart sensors for impact measurement are becoming increasingly popular.
Consolidation in China
Li-Ning and Anta Sports have expanded their product portfolios to include advanced protective gear for basketball and badminton.
Updation in China
Rising awareness about sports-related injuries has led to increased consumer spending on premium protective gear.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐๐จ๐ฎ๐ญ๐ก ๐๐จ๐ซ๐๐
Opportunities in South Korea
South Korea's winter sports industry and professional leagues in football and baseball are significant growth drivers.
Trends in South Korea
The integration of augmented reality (AR) into protective gear for skiing and snowboarding is gaining attention.
Consolidation in South Korea
Nike recently acquired a local distributor to streamline its operations and focus on premium products.
Updation in South Korea
Government subsidies for youth sports programs have enhanced access to protective gear.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ข๐ง๐ ๐๐ฉ๐จ๐ซ๐
Growth in Singapore
Singapore's active lifestyle and strong emphasis on school sports programs have fueled the demand for protective gear.
Trends in Singapore
The rise of niche sports like fencing and archery has created specific demands for tailored protective solutions.
Consolidation in Singapore
Puma has partnered with local distributors to increase its market share in high-performance protective gear.
Updation in Singapore
The government's "Sports for Life" initiative continues to drive participation in recreational and professional sports, indirectly boosting demand.
๐๐จ ๐ฅ๐๐๐ซ๐ง ๐ฆ๐จ๐ซ๐, ๐ฌ๐ข๐ฆ๐ฉ๐ฅ๐ฒ ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค :https://www.maximizemarketresearch.com/request-sample/148740/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐ญ๐ก๐ ๐๐
Opportunities in the US
The US dominates the global sports protective gear market, driven by professional leagues such as the NFL, NBA, and NHL.
Trends in the US
Sustainable and eco-friendly materials are becoming a key focus for manufacturers.
Consolidation in the US
Bauer Hockey and Riddell Sports are leading mergers to expand their market presence and product offerings.
Updation in the US
Advances in wearable technology, including concussion-detection helmets, are reshaping the protective gear landscape.
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐ซ๐๐ง๐๐ฌ ๐ข๐ง ๐๐ฎ๐ซ๐จ๐ฉ๐
Growth in Europe
Europe's focus on rugby and cricket leagues has significantly increased the demand for protective gear.
Trends in Europe
The growing popularity of women's sports, particularly soccer, is driving innovation in lightweight protective equipment.
Consolidation in Europe
Adidas and Decathlon continue to dominate, with acquisitions aimed at boosting R&D capabilities.
Updation in Europe
The European Union's stringent safety standards are pushing manufacturers to enhance product quality and certifications.
๐ ๐จ๐ซ ๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐จ๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ, ๐๐ฅ๐ข๐๐ค ๐จ๐ง ๐ญ๐ก๐ ๐ฅ๐ข๐ง๐ค ๐ฉ๐ซ๐จ๐ฏ๐ข๐๐๐:https://www.maximizemarketresearch.com/market-report/sports-protective-gear-market/148740/
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
๐๐ฒ ๐๐ฒ๐ฉ๐
Helmets
Shin Guards
Knee Pads
๐๐ฒ ๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ๐ฉ๐
Soccer
Skating
Cycling
๐๐ฒ ๐๐ซ๐๐ ๐จ๐ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐จ๐ง
Head & Face
Trunk & Thorax
Upper Extremity
Lower Extremity
๐๐ฒ ๐๐๐ฅ๐๐ฌ ๐๐ก๐๐ง๐ง๐๐ฅ
Exclusive Stores
Multi-retail Stores
E-commerce Portals
๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ซ๐จ๐ญ๐๐๐ญ๐ข๐ฏ๐ ๐๐๐๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ
1. Nike, Inc. (Beaverton, Oregon, USA)
2. Adidas AG (Herzogenaurach, Germany)
3. Under Armour, Inc. (Baltimore, Maryland, USA)
4. Puma SE (Herzogenaurach, Germany)
5. McDavid, Inc. (Woodridge, Illinois, USA)
6. Schutt Sports (Litchfield, Illinois, USA)
7. BRG Sports (Riddell) (Des Plaines, Illinois, USA)
8. Bauer Hockey, Inc. (Exeter, New Hampshire, USA)
9. Warrior Sports, Inc. (Warren, Michigan, USA)
10. Shock Doctor, Inc. (Minnetonka, Minnesota, USA)
11. ASICS Corporation (Kobe, Japan)
12. Mueller Sports Medicine, Inc. (Prairie du Sac, Wisconsin, USA)
13. Decathlon S.A. (Villeneuve d'Ascq, France)
14. Vista Outdoor, Inc. (Anoka, Minnesota, USA)
15. Amer Sports Corporation (Helsinki, Finland)
๐๐ข๐ฌ๐๐จ๐ฏ๐๐ซ ๐๐ก๐๐ญ'๐ฌ ๐๐ซ๐๐ง๐๐ข๐ง๐ :
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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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๐๐๐จ๐ฎ๐ญ ๐๐๐ฑ๐ข๐ฆ๐ข๐ณ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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