Rugby Protective Gears Market Analysis, Trend, Size, Share, and Forecast 2017 – 2022
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In recent years, rugby as sport has been growing impressively and people associated with sport are taking various initiatives to popularise it across the globe. This, in turn, has resulted in an uptick in the sales of various rugby protective gears. Professional rugby players are constantly improving their skills and technical abilities by adopting advanced training programs, making the sport more competitive and exciting. Inclusion of rugby union in the 2016 Olympics is a clear indication that the spots is on its ways to become globally recognised. World Rugby, the international governing body for the sport of rugby union has introduce a number of rugby leagues and world championships, which is expected to be instrumental to the future prospects of the global rugby protective gears market. Moreover, manufacturers are expected to introduce more innovative and player specific protective gears. The focus will be on development of more lighter and durable products that allow ease of movement while playing. Use of smart technology for analysing real time body impact and resistance of protective paddings will be important for manufacturing high quality protective gears.
Rugby protective gears are used for protecting oneself from injuries while playing rugby. There are various types of rugby protective gears such as mouth guard, protection vests, headgear and gloves. These protective gears are common in the modern format of the game, most rugby players prefer extra padding as the game itself is quite physical. Rugby protection gears significantly reduce the possibilities of injuries to the head, collarbone and shoulders.
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Key Forecast Highlights on Global Rugby Protective Gears Market
· Demand for headgear will continue to gain tractions during the forecast period. Currently, sales of headgear used in used in rugby union account for over one-third market share in terms of revenue.
· Towards the end of 2022, more than US$ 290 Mn worth headgears are projected to be sold globally. High risk of head injuries while playing rugby is major factor propelling the sales of headgears.
· Latin America is expected to remain highly lucrative for rugby protective gears during the projection period. Between 2017 and 2022, the market Latin America is set to exhibit a moderate CAGR. Rugby is becoming increasingly popular is various parts of Latin America, which is expected to reflect favourably on the growth of the market in the region. The region is expected to account for significant market share in terms of revenue. Meanwhile, the market for rugby protective gears is also growing in the North America. By 2022-end, the region’s market is expected to surpass a valuation of US$ 140 Mn.
· On the basis of sales channel, the modern trade segment is expected remain highly attractive in 2017 and beyond. In terms for revenue, the segment currently command for around 25% share of the global market. Towards the end of the assessment period, the modern trade segment is estimated to reach a valuation in excess of US$ 170 Mn.
Headgear to Remain the Sought-After Rugby Protective Gear
On the basis of gear types, global sales of headgears will remain relatively high throughout the forecast period. In addition to this, sales of headgears currently command for more than one-third revenue share of the global market. Over US$ 200 Mn worth headgears are expected to sold worldwide by 2022-end. Players are commonly vulnerable to head injuries in rugby union matches, hence, protection to the head is of utmost importance.
Latin America to Remain the Most Attractive Market for Rugby Protective Gears
In terms of revenue, Latin America is expected to dominate the global rugby protection gears market in 2017 and beyond. During the forecast period, the market in the region will reflect a steady growth. This is primarily owing to the increasing popularity of rugby union in many Latin American countries.
Canterbury of New Zealand, Madison Sports & Entertainment Inc, Mizuno Corporation, NIKE, Inc., Adidas, Under Amour, Inc., Visa Outdoor INC, Rawlings Sporting Goods Company Inc., Wilson Sporting Goods Co., PUMA SE, Select Sport A/S, Everlast Worldwide, Inc., are the key companies profiled in the Fact.MR profile.
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