Sports Protective Gear Market is expected to grow at a CAGR of around 5% from 2022-2028.
According to a new report published by UnivDatos Markets Insights the Sports Protective Gear Market is expected to grow at a CAGR of around 5% from 2022-2028. The analysis has been segmented into Type (Helmets & Other Headgear, Protective Eyewear, Face protection & mouth guards, Pads, guards, leg protector, chest protectors, & gloves); Area of protection (head & face, trunk & thorax, upper extremity, and lower extremity); Distribution channel (Offline and Online) Region/Country.
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The Sports Protective Gear market report has been aggregated by collecting informative data on various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the Sports Protective Gear market. The Sports Protective Gear market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the Sports Protective Gear market at the global and regional levels.
Market Overview
The demand for Sports Protective Gear has been increasing rapidly all over the globe. This is due to consumers' growing popularity of sportswear and athletic gear. As a result of developments in the sports industry, numerous organizations and federations have made it essential to wear sports equipment as required by the sport. The equipment safeguards against injuries while engaging in sports. Furthermore, Various governments have made investments in games and sports in the hopes of increasing player engagement and, as a result, driving the market.
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COVID-19 Impact
The Sports protective gear market has been negatively impacted by the COVID-19 pandemic. Due to brands reporting lower sales. Depending on how accessible certain sports were in a locked-down setting, they were influenced to varying degrees. Additionally, due to the postponing or cancellation of major athletic events, team sports and indoor sports struggled.
The global Sports Protective Gear market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.
· Based on distribution channels, the market is segmented into offline and online. The online distribution channel is expected to witness a higher CAGR during the forecast period. This is mainly due to the rising internet penetration and expansion of major brands on online channels coupled with rise of dependency on e-commerce of consumers, especially in developing countries like China and India.
· Based on type, the market is categorized into Helmets & Other Headgear, Protective Eyewear, Face protection & mouth guards, Pads, guards, leg protector, chest protectors, & gloves. Amongst them, helmets and headgear held a prominent share of the market and are expected to witness a significant CAGR during the forecast period. One of the main factors fueling the demand for helmets and head protection gear over the projection period is the rise in the number of professional leagues, including the IPL, the American Football League, and the World Cycling League. The popularity of baseball, cycling and American football will all increase demand for head protective gear.
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Sports Protective Gear Market Geographical Segmentation Includes:
· North America (United States, Canada, and Rest of North America)
· Europe (Germany, United Kingdom, Italy, France, Spain, and the Rest of Europe)
· Asia-Pacific (China, India, Australia, Japan, and the Rest of Asia-Pacific)
· Rest of the World
For a better understanding of the market dynamics of the Sports Protective Gear market, a detailed analysis was conducted for different regions across the globe including North America (U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Geographically, the Asia pacific region dominated the Sports Protective Gear market owing to the increasing sports spirit in the region.
The major players targeting the market include
· Adidas AG
· Alpinestars
· New Balance Athletics Inc.
· Nike Inc.
· Nova Sports USA
· Puma SE
· Softguards
· Under Armour Inc.
· United Sports Brand
· Vista Outdoor Inc.
Competitive Landscape
The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts’ sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the Sports Protective Gear market. The major players have been analyzed by using research methodologies for getting insight views on global competition.
Key questions resolved through this analytical market research report include:
• What are the latest trends, new patterns, and technological advancements in the Sports Protective Gear market?
• Which factors are influencing the Sports Protective Gear market over the forecast period?
• What are the global challenges, threats, and risks in the Sports Protective Gear market?
• Which factors are propelling and restraining the Sports Protective Gear market?
• What are the demanding global regions of the Sports Protective Gear market?
• What will be the global market size in the upcoming years?
• What are the crucial market acquisition strategies and policies applied by global companies?
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