Press release
Sports Protective Gear Market Growth Accelerates: Strategic Forecast Predicts $6.26 Billion by 2029
Sports Protective Gear
What Will the Sports Protective Gear Industry Market Size Be by 2025?
The market size for sports safety equipment has been on a steady rise in the past few years. The market size is projected to increase from $4.22 billion in 2024 to $4.54 billion in 2025, with a compound annual growth rate (CAGR) of 7.4%. The past growth can be owed to increased awareness about sports injuries, expansion of organized sports leagues, the growth of extreme sports, and the impact of professional athletes.
What's the Long-Term Growth Forecast for the Sports Protective Gear Market Size Through 2029?
Expectations are high for remarkable growth in the size of the sports protective gear market over the next few years, with forecasts predicting a rise to $6.27 billion by 2029, boasting a compound annual growth rate (CAGR) of 8.4%. Several factors contribute to this projected growth during the forecast period, such as the increase in youth engaging in sports, the emergence of eco-friendly and sustainable designs, the proliferation of the action sports culture, developments in specialized protective gear, a boost in disposable income, and innovations in designing helmets. The forecast period will also see key trends such as advanced technology in material design, the rise of customization and personalization, the incorporation of intelligent technologies, and partnerships with athletes.
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What Are the Key Growth Drivers Fueling the Sports Protective Gear Market Expansion?
An upward trend in participation in athletic and recreational pursuits is anticipated to drive the expansion of the sports safety equipment industry. Athletic and recreational activities include all physically demanding games and hobbies that foster pleasure and wellbeing, such as team and individual sports, hiking, cycling, and swimming. These activities are known to boost physical health, encourage social engagement, enhance mental wellness, and develop cooperation and discipline in the participants. Sports safety equipment, including items such as helmets, pads, and guards, help individuals play safely and prevent injuries by absorbing impacts and minimizing trauma risk during physical exertions. For example, according to the Outdoor Industry Association, an American non-profit body, there was an increase in the number of outdoor sports participants from 164.2 million in 2021 to 168.1 million in 2022, indicating a 2.3 percent growth. Consequently, this rise in the number of people involved in athletic and recreational activities is expected to boost the growth of the sports safety equipment market.
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What Are the Key Trends Driving Sports Protective Gear Market Growth?
Increasingly, technological advancements are becoming a key trend in the global sports protective gear market. Leading companies in the market are focusing on integrating artificial intelligence into protective equipment, with the aim of assisting sports professionals and athletes by enhancing the experience for spectators and impacting the perception of sports enthusiasts. For example, in October 2023, G-Form, a US-based protection firm, unveiled its innovative Terra Knee and Elbow Guards, equipped with the revolutionary RE ZRO technology, signifying a major step forward in sustainable mountain biking protection. This environmentally-friendly gear, fully recyclable and biodegradable, is designed to break down within 3-5 years when disposed in landfills. Featuring lightweight, breathable materials along with SmartFlex impact absorption technology, these guards offer both safety and comfort, meeting the CE certification standards. By marrying sustainability and high-performance, G-Form sets itself up as a frontrunner in the protective gear sector, with plans to broaden its RE ZRO range in 2024 to cover more sports-related applications.
How Is the Sports Protective Gear Market Segmented?
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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Which Companies Are Leading the Charge in Sports Protective Gear Market Innovation?
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.
Which Regions Are Leading the Global Sports Protective Gear Market in Revenue?
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.
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