Industry Outlook and Trend Analysis
The Sports Protective Equipment Market has encountered significant development over the recent years and is foreseen to grow tremendously over the forecast period. The developing awareness about keeping up a healthy way of life and an ascent in active support in sports activities by individuals worldwide are boosting the prospects for development in this market. Furthermore, factors, for example, the ongoing increment in the quantity of individuals making use of protective equipment for different sports will help in the development of this market amid the figure time frame. A key pattern observed in this market is the usage of eco-friendly sports protective equipment. These sports equipment are produced using green and reused materials. Thusly, an expansion in their use will eventually bring about the development of this market over the forecast period.
Product Outlook and Trend Analysis
The cycling protective equipment section as of now rules this market and dominates a share of the overall industry of more than 33% of the aggregate market. The developing demand of cycling games and occasions, for example, Grand Tours and the World Cycling Championship, will bring about the development of this market section amid the anticipated period.
Distribution Channel Outlook and Trend Analysis
The specialty and sports shop section is anticipated to rule this market and record for a share of the overall industry of over 40% amid the anticipated period. These stores have a wide variety of products and can give the required help and data to purchasers. In addition, the capacity of these stores to offer shoppers suggestions by means of an expert customer service staff will bring about its solid development amid the conjecture time frame.
Regional Outlook and Trend Analysis
Owing to the steady execution of North America and dominance, it is likewise anticipated that would hold its situation in the coming time frame. The Asia Pacific and Europe share the second position in the worldwide sports protective equipment market listing. Steady economy development and developing extra cash in nations, for example, Japan, India, and China are foreseen to pace up the speed of the market development.
The leading players in the market are B.R.G, Puma, McDavid, Adidas, Mizuno Corporation, Under Armour, Nike, Franklin Sports and Amer. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
The Sports Protective Equipment Market is segmented as follows-
Ball sports protective equipment
Cycling protective equipment
Extreme sports protective equipment
By Distribution Channel:
Department and discount stores
Specialty and sports shops
Rest of Europe
Rest of Asia-Pacific
Rest of South America
Middle East and Africa
Rest of MEA
Some of the key questions answered by the report are:
What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?