Global rugby protective gears market is set to surpass a valuation US$ 700 Mn by 2022-end

Increasing occurrence of obesity and the serious liabilities it brings along is prompting people across the globe to adopt daily regimens that involve more physical activities. Most medical practitioners and physicians actively recommend regular exercise and involvement in sporting activities for preventing various lifestyle disease. Some studies also suggest that involving oneself into sporting activities can help reduce stress as well as overcome depression or low self-esteem. Factors as such are proving instrumental in fuelling the demand for various sporting goods and accessories, including protective gears, gloves, helmets and studs. The report, compiled by Fact.MR, provides in-depth analysis of the global baseball gloves market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of Fact.MR’s report is to analyze the global rugby protective gears market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Rugby protective gears manufacturers, stakeholders, and suppliers in the sports sector can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and journals pertaining to sports.

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Key Forecast Highlights on Global Rugby Protective Gears Market

1. 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.

2. 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.

3. 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.

4. 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.

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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.

Competition Tracking

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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This release was published on openPR.