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Growth of the Sports Protective Gear Market Driven by Increased Participation in Sports and Recreational Activities : Key Factor Driving The Growth In The Sports Protective Gear Market
Sports Protective Gear
What Is the Expected Sports Protective Gear Market Size During the Forecast Period?
There has been robust growth in the sports protective gear market size in the previous years. The market, which stood at $4.22 billion in 2024, is projected to escalate to $4.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The remarkable growth during the historical timeframe can be linked to the heightened awareness of sports-related injuries, the expansion of organized sports leagues, the surge in extreme and adventure sports, and the impact of professional athletes.
The market for sports protective equipment is set to witness impressive expansion in the coming years. Projected to reach a total value of $6.27 billion in 2029, it is expected to see a Compound Annual Growth Rate (CAGR) of 8.4%. Factors contributing to this anticipated growth over the forecast period include an increase in youth sports activities, environmentally friendly designs, the broadening of action sports culture, the emergence of specialized protective equipment, growth in disposable income, and advancements in helmet technology. Future trends for the period include progress in material design technology, customization and personalization options, the incorporation of intelligent technology, and partnerships with athletes.
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What Are the High-Growth Segments in the Sports Protective Gear Market?
The sports protective gear market covered in this report is segmented -
1) By Type: Combine Sports Gear, Single Sports Protector
2) By Area Of Protection: 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
Subsegments:
1) By Combined Sports Gear: Helmets, Pads, Mouthguards, Chest Protectors, Shin Guards
2) By Single Sports Protector: Goalkeeper Gloves, Ankle Supports, Wrist Guards, Headgear, Back Protectors
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What Key Drivers Are Expected to Influence Future Sports Protective Gear Market Growth?
The growth of the sports protective gear market is predicted to surge due to the rise in the number of people engaging in sports and recreational activities. The term "sports and recreational activities" encompasses physical and leisure activities like team sports, individual sports, hiking, biking, and swimming, which are known to encourage pleasure and physical fitness. These activities are recognized for boosting physical health, promoting social interaction, enhancing psychological well-being, and instilling discipline and teamwork. Sports protective gear, such as helmets, pads, and guards, help people engage in these activities securely and minimize the likelihood of injuries by absorbing impacts. For example, Outdoor Industry Association, an American non-profit organization, reported a growth of 2.3% in outdoor recreation participants, rising from 164.2 million in 2021 to 168.1 million in 2022. Hence, it is predicted that the escalating engagement of individuals in sports and recreational activities will drive the expansion of the sports protective gear market.
Which Companies Hold the Largest Share Across Different Sports Protective Gear Market Segments?
Major companies operating in the sports protective gear market are Adidas AG, Amer Sports Oyj, 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., Rawlings Sporting Goods Compnay Inc., Riddell Sports Group Inc., Schutt Sports Group, Bell Sports Inc., Giro Sport Design Inc., K2 Sports LLC, Tecnica Group S.p.A., Zoggs International Ltd., DeMarini Sports Inc., Black Diamond Equipment Ltd., Head Sport GmbH, Helly Hansen AS, O'Neills Irish International Sports Company ltd.
What Trends Are Driving Growth in The Sports Protective Gear Market?
The rise of technological innovations is increasingly becoming a significant trend in the global sports protective gear market. Key players are focusing on incorporating artificial intelligence into their protective equipment offerings, aiming to assist sports professionals and athletes in various ways, including enhancing spectator enjoyment and shaping the look and feel of sports gear. For example, in October 2023, G-form, a US-based protective gear firm, revealed an innovative product - the Terra Knee and Elbow Guards. This revolutionary product utilizes RE ZRO technology, marking a noteworthy progress in sustainable protection for mountain biking. The protective gear, which is fully recyclable and biodegradable, is designed to decompose in landfill sites within 3-5 years. The guards, made from lightweight and breathable materials and featuring SmartFlex impact absorption technology, offer comfort alongside safety, and meet CE certification standards. G-Form's dedication to sustainability and high performance establishes it as a front-runner in the protective gear field, with an intention to broaden its RE ZRO range in 2024 to cater to other sports applications.
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What Are the Emerging Geographies for The Sports Protective Gear Market Growth?
Asia-Pacific was the largest region in the sports protective gear market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the sports protective gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Sports Protective Gear Market?
2. What is the CAGR expected in the Sports Protective Gear Market?
3. What Are the Key Innovations Transforming the Sports Protective Gear Industry?
4. Which Region Is Leading the Sports Protective Gear Market?
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