This market study presents a detailed segmentation of the global sports protective equipment market by product type (cycling protective equipment, ball sports protective equipment, extreme protective equipment, and others), by distribution channel (specialty and sports shops and department and discount stores, online retail, and others), and by geography (APAC, Europe, North America, and ROW). The key vendors analyzed are Adidas, Amer, BRG, Nike, and Under Armour.
Technavio’s market research analysts estimate the global sports protective equipment market, to grow at a CAGR of 3% between 2016 and 2020. Increasing demand for adventure and ball sports equipment is boosting the sales of sports protective equipment. The growing awareness about maintaining a healthy lifestyle and a rise in active participation in sports activities by people worldwide are boosting the prospects for growth in this market. North America is the highest revenue-contributor to the global sports protective equipment, accounting for 38% of the total share. Much of this region’s growth is driven by the demand for ball sports equipment, and in turn, the ball sports protective equipment.
The new market research report from Technavio provides a breakdown and analysis of the sports protective equipment segments by technology.
“Over the next four years, the global sports protective equipment market is expected to register increased demand for eco-friendly products. This has prompted manufacturers to replace traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials with organic cotton, water-based adhesives, and recycled plastic materials in the manufacturing process. The newly developed and advanced non-toxic, green material called thermoplastic elastomer is being increasingly used in sports equipment. For instance, Nike has planned to manufacture its sports equipment including protective gear using fewer quantities of detrimental adhesives and more of recycled material by 2020,” says Brijesh Kumar Choubey, Lead Analyst, Consumer & Retail, Technavio Research
The cycling protective equipment segment currently dominates this market and commands a market share of more than one-third of the total market. The growing popularity of cycling sports and events, such as Grand Tours and the World Cycling Championship, will result in the growth of this market segment during the predicted period.
The leading vendors in the global sports protective equipment market are Adidas, Amer, BRG, Nike, and Under Armour. This market is highly fragmented due to the presence of multiple small and large suppliers. Factors such as innovations and advances in technology, marketing, and promotional activities will help to differentiate various products in this market.
A more detailed analysis is available in the Technavio report, Global Sports Protective Equipment Market 2016-2020
We can customize reports by other regions and specific segments upon request.
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