Protective Sports Equipment Manufacturing in the US - Industry Market Research Report
Description
Protective Sports Equipment Manufacturing in the US
The Protective Sports Equipment Manufacturing industry has experienced mixed results over the five years to 2023. Heightened competition from imports, which are expected to account for 65.9% of domestic demand in 2023, has hampered the growth prospects for this industry. An appreciating US dollar against other major currencies during the bulk of the five years has limited the industry's export opportunities. Moreover, countries like China have lower labor costs, and the high value-to-weight ratio of protective sports equipment enables foreign producers to export products with minimal shipping expenses. Nonetheless, the industry benefited from rising per capita disposable income over most of the current period. However, the suspension of many organized sports programs in 2020 amid COVID-19 caused industry revenue to fall 5.7% in 2020 alone. Overall, industry revenue is expected to rise at a CAGR of 0.6% to $347.6 million over the five years to 2023, including an anticipated 0.5% rise in 2023.
This industry manufactures protective sports equipment such as helmets, pads, gloves and shin guards. Recreational and professional athletes purchase industry products to protect themselves from injury.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
The Protective Sports Equipment Manufacturing industry has experienced mixed results over the five years to 2023. Heightened competition from imports, which are expected to account for 65.9% of domestic demand in 2023, has hampered the growth prospects for this industry. An appreciating US dollar against other major currencies during the bulk of the five years has limited the industry's export opportunities. Moreover, countries like China have lower labor costs, and the high value-to-weight ratio of protective sports equipment enables foreign producers to export products with minimal shipping expenses. Nonetheless, the industry benefited from rising per capita disposable income over most of the current period. However, the suspension of many organized sports programs in 2020 amid COVID-19 caused industry revenue to fall 5.7% in 2020 alone. Overall, industry revenue is expected to rise at a CAGR of 0.6% to $347.6 million over the five years to 2023, including an anticipated 0.5% rise in 2023.
This industry manufactures protective sports equipment such as helmets, pads, gloves and shin guards. Recreational and professional athletes purchase industry products to protect themselves from injury.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
49 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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