Sports Protective Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 4.10 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Sports Protective Equipment Market Analysis
The global sports protective equipment market is estimated to register a CAGR of 4.1% during the forecast period (2021-2026).
Globally, there has been a significant rise in the prominence of ball sports, owing to the health and wellness trends, the increasing influence of social media, celebrity endorsements, and rise in the number of international sports events are encouraging consumers to enter some of the other sorts of sports activities. Football, basketball, and rugby are some of the popular ball sports with a significant amount of sports participation rate, across the world. This, in turn, has increased the demand for ball sports protective equipment, across the world.
Furthermore, players operating in the sports protective equipment market are embarking on significant investments to design customized products with essential assistance features, such as lightweight and comfort with enhanced protection. Additionally, the introduction of new products is creating a significant opportunity for key players to expand their product portfolio and to achieve a competitive advantage in the market.
Sports Protective Equipment Market Trends
This section covers the major market trends shaping the Sports Protective Equipment Market according to our research experts:
Increased Sports Participation Rate Owing to Favorable Government Initiatives
Globally, there has been a significant rise in the sports participation rate, owing to the increasing adoption of healthy lifestyles and the preference for staying fit has increased consumer indulgence in various sports activities. In addition, there is a rise in women's participation rate that is likely to boost the demand for the various sports equipment in this market, across the world. Various governing associations are offering multi-faceted support to increase the women participation rate. For instance, in 2018, 'love. Golf', a UK initiative was introduced, aimed at increasing women's and girls' involvement in golf by focusing primarily on the social aspects of the game. Furthermore, various governing bodies and sports authorities/associations are introducing grassroots programs that are held at schools, colleges, and clubs to encourage participation. Such initiatives are expected to further boost the demand for sports protective equipment.
Europe Holds Significant Share in the Market
Europe holds a significant share in the market, owing to the well-penetrated sports environment and enormous athlete participation rate witnessed in the region. Furthermore, the booming enthusiasm for country-level and international tournaments is gaining tremendous followers in the region and is leading to a large number of athlete admissions every year, which is, therefore, propelling the demand for associated businesses, including sports protective equipment. In addition, companies are adopting competitive strategies by investing more to develop new-generation technologies for the production of sports protective equipment, so as to develop a unique product portfolio, further driving the market growth in the region.
Sports Protective Equipment Industry Overview
The global sports protective equipment market studied is highly competitive with the presence of regional and international competitors. The market is dominated by players, like Nike Inc., Adidas AG, and Under Armour. These companies are leveraging on expanding their presence into emerging markets, such as Asia-Pacific, with a focus on expanding their revenue base. In addition, key players are focusing on online distribution channels for their online marketing and branding of their products, in order to expand their geographic reach and to increase their customer base.
Sports Protective Equipment Market Leaders
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Adidas AG
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Under Armour, Inc.
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Nike, Inc.
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Amer Sports
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BRG Sports
*Disclaimer: Major Players sorted in no particular order
Sports Protective Equipment Market News
In April 2018, Pure Hockey, the largest hockey retailer in the U.S., announced that it has acquired both of Bauer Hockey's "Own The Moment" retail stores. The new stores will operate as "Bauer Hockey Experience" locations. With the acquisition, Pure Hockey will now operate 53 retail locations across the United States, as well as three ecommerce sites focused on hockey and goalie equipment.
Sports Protective Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
3.1 Market Overview
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Ball Sports Protective Equipment
5.1.2 Fitness Sports Protective Equipment
5.1.3 Extreme Sports Protective Equipment
5.1.4 Others
5.2 By Distribution Channel
5.2.1 Offline Retail Stores
5.2.2 Online Retail Stores
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 Spain
5.3.2.2 United Kingdom
5.3.2.3 Germany
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East and Africa
5.3.5.1 South Africa
5.3.5.2 United Arab Emirates
5.3.5.3 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Active Companies
6.2 Most Adopted Strategies
6.3 Market Share Analysis
6.4 Company Profiles
6.4.1 Amer Sports
6.4.2 Nike Inc.
6.4.3 Adidas AG
6.4.4 Puma SE
6.4.5 Harrow Sports Inc.
6.4.6 Under Armour
6.4.7 Bauer Hockey Inc.
6.4.8 MIZUNO Corporation
6.4.9 Schutt Sports Inc.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Sports Protective Equipment Industry Segmentation
The global sports protective equipment market is segmented by type into ball sports protective equipment, water sports protective equipment, extreme sports protective equipment, and others. By distribution channel, the scope includes offline and online retail stores. By geography, the scope includes North America, Europe, Asia-Pacific, South America, and the Middle-East and Africa.
| By Type | |
| Ball Sports Protective Equipment | |
| Fitness Sports Protective Equipment | |
| Extreme Sports Protective Equipment | |
| Others |
| By Distribution Channel | |
| Offline Retail Stores | |
| Online Retail Stores |
| Geography | |||||||||
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Sports Protective Equipment Market Research FAQs
What is the current Sports Protective Equipment Market size?
The Sports Protective Equipment Market is projected to register a CAGR of 4.10% during the forecast period (2024-2029)
Who are the key players in Sports Protective Equipment Market?
Adidas AG, Under Armour, Inc., Nike, Inc. , Amer Sports and BRG Sports are the major companies operating in the Sports Protective Equipment Market.
Which is the fastest growing region in Sports Protective Equipment Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Sports Protective Equipment Market?
In 2024, the Europe accounts for the largest market share in Sports Protective Equipment Market.
What years does this Sports Protective Equipment Market cover?
The report covers the Sports Protective Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Sports Protective Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Sports Protective Equipment Industry Report
Statistics for the 2024 Sports Protective Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Sports Protective Equipment analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
