Technavio, a tech-focused market research firm, has published a new report on the global knee pad market, which is expected to experience a steady growth rate with a CAGR of more than 4% during the forecast period 2016-2020.
This latest report by Technavio covers the market outlook and growth prospects of the global knee pad market for 2016-2020, considering 2015 as the base year. In addition, an overview of the market, key leading countries, vendor landscape, and a detailed analysis of the top vendors operating in this market are covered in the report.
Based on geographical division, Technavio market researchers segment the global knee pad market into the following key regions: The Americas, APAC, and EMEA.
Geographical segmentation of the global knee pad market for 2015 (market share %)
|
Americas |
45% |
|
APAC |
30% |
|
EMEA |
25% |
Source: Technavio
Knee pad market in the Americas
The Americas accounted for around 45% of the global knee pad market in 2015 and is likely to experience an above-average growth, posting a CAGR of around 5% during the forecast period. The active participation of North America in major international sports events and robust demand from the US are the major factors contributing to the growth of the knee pad market in the Americas. For instance, in the 2016 Olympics games, more than 500 athletes participated from the US, which clearly indicates the increased participation in sports. The augmented consumption by industrial end-users and military and tactical personnel, who wear knee pads for protection against hits, abrasions, and ballistic attacks, is also contributing to market growth.
According to Abhay Sinha, a senior analyst at Technavio, “Key vendors in the market are offering specifically designed knee pads, which are made of dense padding with double stitched lining and tough outer shells. Innovations in knee pad materials such as injected gel are an added advantage to knee pad market, which due to high demand will significantly contribute to the growth of the market.”
Vendors such as Alta Industries offer a wide range of military and tactical knee pads, which comprise air injected memory foam gel around knee caps for extra comfort, half-inch neoprene foam padding, and are adjustable as per the wearer.
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Knee pad market in EMEA
The knee pad market in EMEA is driven by the increasing consumption among industrial end-users. Unlike APAC and the Americas, the number of participants in international sports events from Middle East and Africa is relatively low. However, countries in Western Europe are contributing to the knee pad market in EMEA. Industrial end-users such as defense and military demand knee pads that are made of the latest technologies such as heavy duty pads, injected gels, and strong fabric such as neoprene. To increase the market share, few vendors are providing self-adjusting and comfortable knee pads for industrial workers, who have to wear knee pads for long periods.
Knee pad market in APAC
The knee pad market in APAC is anticipated to post a CAGR of around 5% during the forecast period. The rising participation of athletes in international sports events, spreading awareness among players and industrial workers regarding the benefits of knee pads, and increasing health and fitness consciousness among people are some of the key factors contributing to the growth of the market in APAC. Athletes are encouraged to participate in large numbers due to the growing opportunities and availability of sports infrastructure in the developing regions. This increase in participation of athletes is indicative of the growing eagerness and interest for sports in these regions, which in turn, have a positive influence on the knee pad market. Knee pads enhance the confidence of athletes by protecting their knees, which helps them to perform better.
The top leading vendors operating in the global knee pad market are:
- Honeywell
- Ergodyne
- Nike
- McDavid
Other prominent vendors in the market include Alta Industries, AGPtek, ASICS, Akillis, Arc’teryx, Brass Knuckle, BLACKHAWK!, Custom LeatherCraft Manufacturing, COOLOMG, DamascusGear, Dakine, DEWALT, Fox, G-Form, Irwin Industrial Tools, KP Industries, Lift Safety, Mizuno, Mongoose, McGuire Nicholas, Portwest, Skan Technologies, Shock Doctor, Tommyco, Triple Eight, and True Flex Knee Pads.
A more detailed analysis is available in the Technavio report tilted, ‘Global Knee Pad Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- American Football Equipment Market in the US 2016-2020
- Global Agility Training Equipment Market 2016-2020
- Global Hard Adventure Sports Equipment Market 2016-2020
- Global Sports Protective Equipment Market 2016-2020
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