Gangtok Chronicle

Sports Protective Equipment Market Size Worth $12.1 Billion By 2025 Owing To Growing Popularity Of Sports Activities In Schools And Colleges | Grand View Research, Inc.

 Breaking News
  • No posts were found

Sports Protective Equipment Market Size Worth $12.1 Billion By 2025 Owing To Growing Popularity Of Sports Activities In Schools And Colleges | Grand View Research, Inc.

April 23
08:40 2021
Sports Protective Equipment Market Size Worth $12.1 Billion By 2025 Owing To Growing Popularity Of Sports Activities In Schools And Colleges | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
The rising incidences of sports participation across the globe have expanded the growth avenues for the sports protective equipment market, as per a study by Grand View Research.

The global sports protective equipment market size is expected to reach USD 12.1 billion by 2025, according to a report by Grand View Research, Inc. The industry is projected to expand at a CAGR of 4.4% over the forecast period. The growing popularity of sports activities in schools and colleges that has resulted in an exponential increase in participation is expected to drive the industry growth in the coming years. Outdoor games such as soccer and American football have enhanced their appeal among consumers, which is expected to positively impact the demand for sports protective gears over the forecast period. Furthermore, an explosion in the global number of sports leagues and outlets is expected to provide growth opportunities for the market in the coming years. Sports clubs and associations are raising awareness among people by conducting events at various venues across the world, which will have a positive impact on the advancement of the sports protective equipment industry.

Notable government programs, such as The Sport for All initiative undertaken by the PCSFN, are expected to positively impact participation in physical activities, including indoor and outdoor games, which is expected to drive demand for protective equipment. The importance of head and headgear products has increased drastically in the past few years, on account of the increasing awareness regarding head injuries. The death of Australian cricketer Phillip Joel Hughes during a domestic match in 2014, due to a head injury sustained by a cricket ball, has created awareness among aspiring players to protect themselves. Leg protection gears are also witnessing high demand from sports enthusiasts, which is attributed to an increase in the number of participants in individual sports such as mixed martial arts, cycling, boxing, and skating. Protective gear manufacturers are using various raw materials such as Kevlar, innovative plastic, and carbon fiber to produce advanced protective gear, which is expected to eventually replace older products, owing to their lightweightness and durability.

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/sports-protective-equipment-market

Sports Protective Equipment Market Report Highlights

 Protection from injuries is the main factor driving the demand for sports protective equipment globally. As per Johns Hopkins Medicine data, the US witnesses 30 million teens and children participate in organized sports, leading to 3.5 million injuries annually, with the most common injuries being sprains and strains

 The head and headgear segment was valued at USD 2.8 billion in 2018 in the sports protective equipment market, and is projected to witness significant growth in the next few years; although instances of deaths resulting from sports injuries are rare, the leading cause is brain injury; the growing proliferation of contact sports has highlighted the importance of this segment

 The offline distribution channel segment dominated the global sports protective equipment market in 2018 with 92.0% revenue share; the growing presence of outlets by major brands such as Nike and Adidas in emerging economies is expected to sustain the dominance of this segment

 North America dominated the global market in 2018 and accounted for 40.0% share in terms of revenue. This trend is projected to continue over the next few years, owing to the high level of participation in sports such as American football, soccer, hockey, and basketball, as well as athletics

 The COVID-19 pandemic led to cancellation of major sporting events around the globe for a substantial part of 2020; with the steady return of these events from the latter half of 2020, the demand for sports protective equipment is expected to show healthy growth

 The industry is highly competitive due to presence of corporations such as Nike, Adidas, MIZUNO Corporation, Shock Doctor, BRG Sports, Amer Sports, Xenith, WARRIOR SPORTS, FRANKLIN SPORTS, and Alpinestars; these manufacturers are concentrating on new product launches and innovations in order to expand their consumer base

 In January 2020, Xenith introduced the Xenith Shadow XR helmet that has been designed for NFL, collegiate, and high school varsity football athletes. The company collaborated with RHEON Labs for creating a unique energy control cell in this regard, which can sustain a varied range of impacts on the pitch

Get Sample Copy Of This Report @ https://www.grandviewresearch.com/industry-analysis/sports-protective-equipment-market/request/rs1

Sports Protective Equipment Market Segmentation

Grand View Research has segmented the global sports protective equipment market on the basis of product, distribution channel, and region:

Sports Protective Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)

     Head & Headgear
     Eyewear
     Chest Protection
     Hand Protection
     Leg Protection
     Others

Sports Protective Equipment Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

     Offline
     Online

Sports Protective Equipment Regional Outlook (Revenue, USD Million, 2015 – 2025)

     North America
        • The U.S.
     Europe
        • Germany
        • The U.K.
     Asia Pacific
        • China
        • India
     Central & South America
     Middle East & Africa

Speak to Analyst @ https://www.grandviewresearch.com/inquiry/5917/ibb

About Grand View Research

Grand View Research, Inc. is a market research and consulting company based in India and the US, and headquartered in San Francisco. The organization offers syndicated and customized research reports in 46 industries across key regional markets, such as the US, Canada, Latin America, Europe, and Asia Pacific, among others.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/sports-protective-equipment-market


Warning: count(): Parameter must be an array or an object that implements Countable in /home/ghaziabadonline/gangtokchronicle.in/wp-content/themes/legatus-theme/includes/single/post-tags.php on line 5
Share