The sports protective equipment market was valued at $7,518 million in 2018 and is expected to grow at a CAGR of 3.9% to attain a market size of $10,171 million by 2026. Sports protective equipment are designed to prevent the risk of injury to a sportsperson. Sports protective equipment include helmets, protective eyewear, face protection & mouth guards, pads, guards, and others that are designed to prevent or reduce the risk of injuries to a sportsperson. They are majorly used in sports such as football, baseball, cycling, cricket, snowboarding, and others.
Growth in consumer awareness regarding health & fitness, prominence of national & international sports events, rise in participation in sports activities, and increase in consumer spending on sports protective equipment are the factors that supplement the growth of the market. However, availability of inexpensive counterfeit products and their high prices hamper the market growth. Rise in trend of online retail and growth in penetration of sports in emerging markets are expected to offer lucrative opportunities for the development of the market.
The market is segmented by product type, area of protection, distribution channel, and region. Based on product type, it is subcategorized into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, chest protectors, and gloves. Pads, guards, chest protectors, and gloves is expected to lead the market throughout the analysis period.
The market is segmented by area of protection into head & face protective equipment, trunk & thorax protective equipment, upper extremity protective equipment, and lower extremity protective equipment. Head & face protective equipment held the largest market share in 2018, and is expected to dominate the market throughout the forecast period. On the basis of distribution channel, it is classified into specialty retail stores, multi-retail stores, online stores, and others. Specialty retail store is projected to continue to remain the preferred channel for sports gear; however, online and multi-retail (supermarkets, hypermarkets, discount stores, and others) stores are anticipated to witness faster growth in the coming years.
Sports protective equipment market trend is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Middle East, and rest of LAMEA). North America accounted for the largest market size of over 35% in 2018. LAMEA is expected to grow at the highest CAGR of 6.6% owing to the increase in penetration of sports and the rise in disposable income.
Leading players profiled in the report include Adidas AG, Nike Inc., Under Armour Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
KEY BENEFITS FOR STAKEHOLDERS
KEY MARKET SEGMENTS:
By PRODUCT TYPE
By AREA OF PROTECTION
By DISTRIBUTION CHANNEL
By GEOGRAPHY
KEY PLAYERS:
Growth in consumer awareness regarding health & fitness, prominence of national & international sports events, rise in participation in sports activities, and increase in consumer spending on sports protective equipment are the factors that supplement the growth of the market. However, availability of inexpensive counterfeit products and their high prices hamper the market growth. Rise in trend of online retail and growth in penetration of sports in emerging markets are expected to offer lucrative opportunities for the development of the market.
The market is segmented by product type, area of protection, distribution channel, and region. Based on product type, it is subcategorized into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, chest protectors, and gloves. Pads, guards, chest protectors, and gloves is expected to lead the market throughout the analysis period.
The market is segmented by area of protection into head & face protective equipment, trunk & thorax protective equipment, upper extremity protective equipment, and lower extremity protective equipment. Head & face protective equipment held the largest market share in 2018, and is expected to dominate the market throughout the forecast period. On the basis of distribution channel, it is classified into specialty retail stores, multi-retail stores, online stores, and others. Specialty retail store is projected to continue to remain the preferred channel for sports gear; however, online and multi-retail (supermarkets, hypermarkets, discount stores, and others) stores are anticipated to witness faster growth in the coming years.
Sports protective equipment market trend is analyzed across North America (U.S., Canada, and Mexico), Europe (UK, Germany, France, Italy, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, and rest of Asia-Pacific), and LAMEA (Brazil, Middle East, and rest of LAMEA). North America accounted for the largest market size of over 35% in 2018. LAMEA is expected to grow at the highest CAGR of 6.6% owing to the increase in penetration of sports and the rise in disposable income.
Leading players profiled in the report include Adidas AG, Nike Inc., Under Armour Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
KEY BENEFITS FOR STAKEHOLDERS
- This study provides an in-depth sports protective equipment market analysis to elucidate the imminent investment pockets.
- The report provides information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
- Porter’s Five Forces analysis highlights the potency of suppliers & buyers and describes the competitive scenario of the market, which is expected to facilitate efficient business planning.
- Value chain analysis provides key inputs on role of key intermediaries involved, which is expected to assist the stakeholders to devise appropriate strategies.
- This report presents a detailed quantitative analysis of the current trends and future estimations to identify the prevailing market opportunities.
KEY MARKET SEGMENTS:
By PRODUCT TYPE
- Helmets & Other Headgear
- Pads, Guards, Chest Protectors, & Gloves
- Protective Eyewear
- Face Protection & Mouth Guards
By AREA OF PROTECTION
- Head & Face Protective Equipment
- Trunk & Thorax Protective Equipment
- Upper Extremity Protective Equipment
- Lower Extremity Protective Equipment
By DISTRIBUTION CHANNEL
- Specialty Retail Stores
- Multi-Retail Stores
- Online Stores & Others
By GEOGRAPHY
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Italy
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Middle-East
- Rest of LAMEA
KEY PLAYERS:
- Adidas Ag
- Nike Inc.
- Under Armour, Inc.
- Puma SE
- Amer Sports Corporation
- Asics Corporation
- Vista Outdoor
- Warrior Sports
- BRG Sports
- Xenith
- Shock Doctor (Bregal Partners)
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET LANDSCAPE
CHAPTER 4: SPORTS PROTECTIVE EQUIPMENT MARKET BY PRODUCT TYPE
CHAPTER 5: SPORTS PROTECTIVE EQUIPMENT MARKET BY AREA OF PROTECTION
CHAPTER 6: SPORTS PROTECTIVE EQUIPMENT MARKET BY DISTRIBUTION CHANNEL
CHAPTER 7: SPORTS PROTECTIVE EQUIPMENT MARKET BY REGION
CHAPTER 8: COMPANY PROFILES
Executive Summary
this report titled, 'Sports Protective Equipment Market by Product Type, Area of Protection, and Distribution Channel: Global Opportunity Analysis and Industry Forecasts, 2018–2026,' projects that the global sports protective equipment market was valued at $7,518 million in 2018 and estimated to reach $10,171 million by 2026. Sports protective equipment market trends are expected to be progressive over the next few years. LAMEA is expected to witness the highest growth rate, owing to the increase in popularity of sports such as baseball and basketball in Brazil.Rise in participation in sports activities, growth in consumer spending on sports gear, increase in health consciousness among consumers, prominence of national & international sports events foster the growth of sports protective equipment industry. However, availability of cheap and counterfeit products restrains the market growth. Increase in penetration of online retail is expected to offer lucrative opportunities for growth.
The sports protective equipment market is segmented by product type into helmets & other headgear, protective eyewear, face protection & mouth guards, and pads, guards, and chest protectors & gloves. Among these, product segment comprising pads, guards, chest protectors & gloves accounted for the largest sports equipment market size, by value, owing to the extensive penetration of these equipment in diverse sports such as ice hockey, football, cricket, baseball, and other sports. Protective eyewear product segment follows pads, guards, chest protectors, & gloves segment, in terms of the sports protective equipment market size, owing to its rapid adoption among recreational users and other sports enthusiasts as a fashion trend.
The global sports protective equipment market is categorized based on the area of protection into head & face protective equipment, trunk & thorax protective equipment, upper extremity protective equipment, and lower extremity protective equipment. The head & face segment accounted for over half of the total market sports equipment market size in 2018, fueling the market growth. Upper and lower extremity protective equipment are expected to witness higher growth rates during the forecast period on account of the rapid adoption of knee and elbow braces as a preventive measure in sports.
The sports protective equipment gear is distributed through diverse channels, namely, specialty retail stores, multi-retail stores, and online stores & others. Specialty retail stores generated the highest revenue in 2018, since it is a traditional channel for the purchase of sports products, and is expected to grow at a CAGR of 3.5%. Online retail stores & others is expected to witness relatively higher growth owing to the extensive penetration of smartphones and tablets, and the increased convenience offered by this channel to choose from a variety of products.
North America accounted for over 35% of the sports protective equipment market share, and is anticipated to maintain its dominance throughout the forecast period. Sports protective equipment market analysis has been provided for all the four regions covered in the report. Countries analyzed under the North American geographical segment are the U.S., Canada, and Mexico. Under Europe, market size and forecast are provided for UK, Germany, France Italy, and rest of Europe.
Prevalence of sports culture and high per capita income has led to higher adoption of sports protective equipment in North America and Western Europe. Countries covered in Asia-Pacific include Japan, China, Australia, India, and rest of Asia-Pacific. Japan, China, and Australia are the leading markets for sports protective equipment in the region. LAMEA includes Brazil, Middle-East, and rest of LAMEA.
Key Findings of the Sports Protective Equipment Market:
North America generated the highest revenue in 2018.
LAMEA is anticipated to witness the highest growth from 2019 to 2026.
Product segment comprising Pads, guards, chest protectors, & gloves is expected to maintain its dominance throughout the analysis period.
Specialty retail stores generated over 50% of the overall market sales in 2018.
In terms of market by area of protection, head & face protective equipment is projected be the leading segment over the forecast period.
Leading players profiled in the report include Adidas Ag, Nike Inc., Under Armour Inc., Puma SE, Amer Sports Corporation, Asics Corporation, Vista Outdoor, BRG Sports, Xenith, and Shock Doctor (Bregal Partners).
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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