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Safeguarding the Game: Trends and Innovations in the Sports Protective Equipment Market (2023-2029)

Submitted by heenammr on Mon, 11/27/2023 - 00:01

Sports Protective Equipment Market Overview:

The report provides a comprehensive overview of the Sports Protective Equipment Market industry, including its most recent revenue and trends, as well as its definition, overview, and structure. The primary and secondary data has been compiled to ensure that the Sports Protective Equipment Market report is authentic and error-free.

Sports Protective Equipment Market is expected to grow at a CAGR of 6% during the forecast period and market is expected to reach US$ 17.57 Bn. by 2029.

Sports Protective Equipment Market Report Scope and Research Methodology:

The report provides an in-depth analysis of the Sports Protective Equipment Market, including meaningful insights, facts, historical data, and statistically supported and industry-validated market statistics. A bottom-up approach was used to estimate the Sports Protective Equipment Market size. Key players in the Sports Protective Equipment Market industry were identified through secondary research, and their market revenues were determined through primary and secondary research. Secondary research included a review of annual and financial reports of Sports Protective Equipment Market leading players, while primary research included interviews with important opinion leaders and industry experts such as skilled front-line personnel, entrepreneurs, and marketing professionals. The Sports Protective Equipment Market structure by country, with market share by market leaders, market followers, and local players, makes this report a comprehensive and insightful industry outlook. The report also covers mergers and acquisitions, strategic alliances, joint ventures, and partnerships happening in the Sports Protective Equipment Market by region, by investment, and their strategic intent.

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Sports Protective Equipment Market Dynamics:

The growing participation of schools and colleges in the sports activities across the globe is the key factor for the growth of the global sports protective equipment market. The surge in participation is because of increasing campaigns by sports governing bodies and professional leagues, like the Indian Premier League (IPL), Western Hockey League (WHL), National Football League (NFL), and Major League Baseball (MLB).

Several initiatives commenced by government bodies and key manufacturers across the globe are likely to increase participation in physical activities, with indoor and outdoor games. For instance, the sport for all initiatives undertaken by the President's Council on Sports, Fitness & Nutrition (PCSFN) aims to instruct all Americans about the benefits related to sports participation. Additionally, prominent manufacturers are concentrating on the development of advanced products so as to meet consumer requirements.

Sports Protective Equipment Market Regional Insights:

The report is segmented into several key countries, with market size, growth rate, import and export of Sports Protective Equipment Market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.

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Sports Protective Equipment Market Segmentation:

According to the head and headgear product segment accounting for the market share of 31.2% in 2022, thanks to increasing professional leagues, for example, the IPL, American Football League, and World Cycling League. Increasing participation in sports in several countries, like India, Africa, and China is expected to provide growth opportunities for the segment in the estimative future.

Region-wise, North America accounting for a 40.0% share of the overall revenue, in 2022. The rising popularity of American football and ice hockey across the globe is a key factor driving the sports protective equipment market in the region. The region has also observed the growth in participation of the sports like ice hockey and lacrosse by around 43.80% and 28.90%, correspondingly. The U.S. held the largest market share of the North America market in 2022, such as popularity of American football and soccer is growing in U.S. and Mexico and owners of the National Football League (NFL) are organizing events at different places in U.S. and Mexico to raise the awareness about sports, which is expected to offer growth opportunities for the sports protective equipment market in the future.

Additionally, Asia Pacific is expected to grow at the highest CAGR over the estimated period, on account of increasing penetration of schools and colleges, together with a rise in sports events, like the World Hockey League and the Indian Premier League, is expected to boost the demand for the sports protective gears in the future. Rising consciousness among parents associated with the benefits of physical activities, including sports, has a beneficial impact on the demand for sports equipment, including protective gear. The rising popularity of football in China, India, and other Asian countries is expected to demand leg protection equipment in the future.

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Sports Protective Equipment Market Key Players:

1. Adidas Ag
2. Nike Inc.
3. Under Armour, Inc.
4. Puma SE
5. Amer Sports Corporation
6. Asics Corporation
7. Vista Outdoor
8. Warrior Sports
9. BRG Sports
10.Xenith
11.Shock Doctor (Bregal Partners)
12.MIZUNO Corporation
13.FRANKLIN SPORTS INC.
14.Alpinestars S.p.A.
15.Mueller Sports Medicine, Inc.
16.McDavid Inc.
17.Grays of Cambridge (International) Ltd.
18.Harrow Sports
19.BAUER Hockey, LLC
20.Mizuno USA
21.Schutt Sports
22.DuPont
23.FRANKLIN SPORTS INC.

Key Questions answered in the Sports Protective Equipment Market Report are:

What is Sports Protective Equipment Market ?
What is the expected CAGR of the Sports Protective Equipment Market during the forecast period?
What is the expected Sports Protective Equipment Market size by the end of the forecast period?
What are Sports Protective Equipment Market segments?
Which segment of the Sports Protective Equipment Market is expected to grow rapidly during the forecast period?
Who are the key players in the Sports Protective Equipment Market?
What key trends are expected to emerge in the Sports Protective Equipment Market in the coming years?
What are the factors restraining the Sports Protective Equipment Market growth?
Which regional Sports Protective Equipment Market is expected to grow at a high rate during the forecast period?
Which region held the largest Sports Protective Equipment Market share in 2022?
Key Offerings:

A detailed Market Overview
Market Share, Size & Forecast by Revenue | 2023−2029
Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
Market Segmentation – A detailed analysis by segments and sub-segments
Regional Insights
Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Industry Recommendations
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