Global Sports Protective Equipment Market 2017-2021
About Sports Protective Equipment
Sports protective equipment is used to minimize the risk of injury during any sporting activities. These safety standards are set by national health and public health organizations and the governments. Sports protective equipment is mainly used in action or high contact sports like rugby, football, among others to reduce the risk of injury.
Technavio’s analysts forecast the global sports protective equipment market to grow at a CAGR of 3.31% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports protective equipment market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Protective Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global sports protective equipment market: adidas Group, Amer Sports, BRG SPORTS, Under Armour, and Nike.
Other Prominent Vendors in the market are: BAUER Hockey, Harrow Sports, Mizuno, Palmgard International, Riddell, Schutt Sports, Slazenger, and Warrior Sports.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing online retailing and multi-channel distribution. Nowadays, individuals prefer to shop online rather than at physical stores due to their hectic life schedules. Factors such as an increase in the internet penetration and the rise in the adoption of digital products such as tablets, smartphones, and laptops have boosted the online sales.”
According to the report, one driver in the market is popularity of national and international events. Sports are gradually becoming an important part of the daily lifestyle. With the growing interest in different sports, people are increasingly participating in different sports activities such as soccer, lacrosse, and adventure sports like trekking, mountain racing, and ice skating. In addition, the need for an active and healthy lifestyle is also encouraging people toward the adoption of these sports.
Further, the report states that one challenge in the market is high price of associated sports protective equipment. Sports protective equipment plays an integral role in maintaining the safety of a sportsperson participating in sport. The use of protective equipment in sports has evolved through time. However, the price of sports protective equipment is quite high when compared to primary equipment, such as cricket bats and hockey sticks, required for any sport.
adidas Group, Amer Sports, BRG SPORTS, Under Armour, Nike, BAUER Hockey, Harrow Sports, Mizuno, Palmgard International, Riddell, Schutt Sports, Slazenger, and Warrior Sports.
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