USD 8.18 Billion
Sports Protective Equipment Market Size, Share, Growth Analysis, By Product(Head Protection, Upper Body Protection, Lower Body Protection, Footwear), By End use(Professional and non-professional), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25J2066 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Sports Protective Equipment Market Insights
Sports Protective Equipment Market size was valued at USD 8.18 Billion in 2021 and is poised to grow from USD 8.61 Billion in 2022 to USD 12.91 Billion by 2030, at a CAGR of 5.2% during the forecast period (2023-2030).
The global sports protective equipment market was experiencing steady growth, driven by several factors. Additionally, the increasing emphasis on professional sports and the commercialization of sports events have led to higher demand for high-quality and technologically advanced protective equipment. Furthermore, advancements in material technologies and design innovations have improved the comfort and effectiveness of sports protective gear, enhancing their appeal to athletes and consumers. Manufacturers are continually investing in research and development to create lightweight yet robust products that offer optimal protection without hindering performance. The growing concern for head injuries, especially in contact sports such as football and hockey, has resulted in a surge in the adoption of helmets with advanced impact-absorption capabilities. This focus on injury prevention and player safety has been a major driving force behind the demand for sports protective equipment. However, the market also faces several challenges.
One significant challenge is the cost of high-quality protective gear, which can be prohibitive for some athletes and consumers. The affordability of protective equipment remains a key concern, particularly in regions with lower average income levels. Moreover, the market is highly competitive, with numerous brands and products available, making it challenging for manufacturers to differentiate themselves and gain a significant market share. Additionally, the COVID-19 pandemic in 2020 and 2021 had a substantial impact on the sports industry, leading to disruptions in sports events and reduced consumer spending. The pandemic also affected supply chains and manufacturing processes, causing delays and shortages of sports protective equipment. Furthermore, there is a need for more comprehensive regulations and standards for sports protective equipment to ensure consistent safety levels and reduce the risk of substandard products in the market.
US Sports Protective Equipment Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2023-2030
Global Market Size
Largest Segment
Non-professional
Fastest Growth
Non-professional
Growth Rate
5.2% CAGR
Global Sports Protective Equipment Market ($ Bn)
Country Share for North America Region (%)
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Sports Protective Equipment Market Segmental Analysis
The global sports protective equipment market is segmented on the basis of product, end user, and region. By product, the market is segmented into Head Protection, Upper Body Protection, Lower Body Protection, Footwear, and Others. By end user, the market is segmented into Professional and Non-Professional. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Sports Protective Equipment Market Analysis By Product
The global sports protective equipment market can be segmented by product into several categories: Head Protection, Upper Body Protection, Lower Body Protection, Footwear, and Others. The dominant segment in the market is Head Protection. Helmets and headgear play a critical role in safeguarding athletes from head injuries, especially in high-impact and contact sports like football, ice hockey, and cycling. The increasing awareness of the risks associated with head injuries and concussions has driven the demand for high-quality and technologically advanced helmets. Sports organisations and regulatory bodies have also implemented stricter rules and guidelines mandating the use of certified head protection, further boosting the adoption of these products. Head Protection is likely to remain the dominant segment due to its pivotal role in player safety and the ongoing efforts to mitigate the risks of head injuries in sports.
The fastest-growing segment in the market is Footwear. Sports footwear designed with protective features, such as ankle support, cushioning, and impact absorption, has gained popularity among athletes and sports enthusiasts. The rising focus on injury prevention and performance optimization has led to the development of innovative sports footwear, tailored to meet the specific needs of various sports disciplines. Moreover, the growing trend of sports and fitness activities across age groups has contributed to the demand for comfortable and protective sports footwear. As a result, the Footwear segment is expected to experience significant growth in the coming years, driven by advancements in footwear technology and the evolving preferences of athletes and consumers.
Sports Protective Equipment Market Analysis By End user
The global sports protective equipment market can be segmented by end user into two categories: professional and non-professional. The dominant segment in the market is the Non-Professional end user. This category includes amateur athletes, recreational sports enthusiasts, and individuals who engage in sports and physical activities for leisure and fitness purposes. The Non-Professional segment holds a significant share in the market due to the vast number of participants involved in recreational sports and fitness activities globally. As more people prioritise an active and healthy lifestyle, the demand for sports protective equipment among non-professional athletes has grown steadily. Additionally, various grassroots sports programs, school sports, and community-based sports activities contribute to the strong market presence of the Non-Professional segment.
The fastest-growing segment in the market is the Professional end user. This category comprises elite athletes and sports professionals who compete at the highest levels of their respective sports disciplines. Professional athletes require top-of-the-line sports protective equipment that meets rigorous safety standards and enhances their performance. The increasing commercialization and globalisation of sports have led to higher investments in sports protection for professional athletes. Additionally, sports organisations and governing bodies prioritise player safety, resulting in the growing adoption of advanced protective gear for professionals. The Professional segment is expected to experience robust growth due to the ongoing focus on injury prevention and the importance of maintaining peak athletic performance among professional athletes.
Global Sports Protective Equipment Market By End user
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Sports Protective Equipment Market Regional Insights
The dominant region in the market is North America. This region has a strong sports culture, with a high level of sports participation and widespread popularity of professional sports leagues. The demand for sports protective equipment is significant in North America due to the emphasis on player safety and injury prevention in various sports, especially in high-impact contact sports like American football, ice hockey, and lacrosse. Moreover, the presence of well-established sports equipment manufacturers and a robust retail infrastructure further strengthens North America's position as the dominant market for sports protective gear.
The fastest-growing region in the market is the Asia-Pacific (APAC) region. This region has witnessed rapid economic growth, leading to an increased disposable income and higher spending on sports and fitness activities. The rising popularity of sports and the growing number of sports events and competitions in countries like China, India, Japan, and South Korea have fueled the demand for sports protective equipment. Moreover, the increasing awareness of player safety and the adoption of Western sports culture in the region have contributed to the market's rapid growth. Additionally, the Asia-Pacific region is witnessing the emergence of local sports protective equipment manufacturers, providing cost-effective alternatives to global brands and driving further growth in the market.
Global Sports Protective Equipment Market By Region
- Largest
- Fastest
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Sports Protective Equipment Market Dynamics
Sports Protective Equipment Market Drivers
Growing Sports Participation
- The increasing participation in sports and fitness activities across different age groups is a significant driver of the sports protective equipment market. As more individuals engage in sports, the demand for protective gear, such as helmets, pads, and guards, rises to mitigate the risk of injuries and enhance safety during sporting activities.
Rising Awareness of Player Safety
- The rising awareness of sports-related injuries and their potential long-term impact on athletes' health has led to a greater emphasis on player safety. Sports organisations, governing bodies, and parents are increasingly recognizing the importance of using protective equipment to reduce the risk of injuries and ensure a safer playing environment.
Sports Protective Equipment Market Restraints
High Costs of Quality Equipment
- Premium sports protective equipment often comes with a higher price tag, making it less accessible to some athletes and consumers, particularly in developing regions. The cost of high-quality gear can act as a restraint for market growth, especially among amateur and non-professional athletes.
Competition from Counterfeit Products
- The market faces challenges from counterfeit sports protective equipment that does not meet safety standards. These counterfeit products may not provide adequate protection, leading to potential injuries and creating distrust among consumers, affecting the sales of legitimate brands
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Sports Protective Equipment Market Competitive Landscape
The competitive landscape of the global sports protective equipment market is characterised by intense competition among various manufacturers and brands. The market is highly fragmented, with numerous players vying for market share across different regions and sports categories. These companies offer a wide range of sports protective equipment, including helmets, pads, guards, gloves, and footwear, tailored to meet the specific needs of different sports disciplines and athletes. Innovations in materials science and technology have been pivotal in driving competition in the market. Companies continuously invest in research and development to create cutting-edge products that offer superior protection, comfort, and performance. Advancements in impact-absorbing foams, lightweight yet robust materials, and specialised designs have been central to gaining a competitive edge. Moreover, brand recognition and reputation play a significant role in the market's competitive dynamics. Established brands with a strong history of providing high-quality and reliable protective gear often enjoy a competitive advantage, thanks to consumer trust and brand loyalty.
Sports Protective Equipment Market Top Player’s Company Profile
- Adidas AG - Germany
- Amer Sports Corporation - Finland
- Asics Corporation - Japan
- Bauer Hockey, LLC - Canada
- BRG Sports, Inc. - USA
- CCM Hockey - Canada
- Dainese S.p.A. - Italy
- Decathlon Group - France
- Franklin Sports, Inc. - USA
- Kookaburra Sport Pty Ltd - Australia
- McDavid, Inc. - USA
- Mizuno Corporation - Japan
- New Balance Athletics, Inc. - USA
- Nike, Inc. - USA
- Puma SE - Germany
- Riddell Sports Group - USA
- Schutt Sports - USA
- Under Armour, Inc. - USA
- Warrior Sports - USA
- Wilson Sporting Goods Co. - USA
Sports Protective Equipment Market Recent Developments
- In January 2023, Nike released a new line of football helmets that are designed to reduce the risk of concussions.
- In February 2023, Under Armour announced a partnership with the National Football League (NFL) to develop new protective gear for football players.
Sports Protective Equipment Key Market Trends
- Sustainability and Eco-friendly Initiatives: Environmentally conscious consumerism is driving sports protective equipment manufacturers to adopt sustainable practices. Companies are increasingly using recycled materials, eco-friendly packaging, and greener manufacturing processes to appeal to environmentally conscious athletes and consumers.
- Inclusion of Women-Specific Gear: The rising participation of women in sports has led to a growing demand for women-specific sports protective gear. Manufacturers are designing products that cater to the anatomical and comfort needs of female athletes, recognizing the importance of inclusivity and gender-specific equipment.
Sports Protective Equipment Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global sports protective equipment market analysis, North America stands as the dominant region, benefiting from a strong sports culture and an established sports equipment industry. On the other hand, the Asia-Pacific region represents the fastest-growing market, driven by economic growth, rising sports participation, and increasing awareness of player safety. The Global Sports Protective Equipment Market has witnessed significant growth and transformation in recent years, driven by factors such as technological advancements, customization trends, and the growing emphasis on player safety and performance optimization. Continuous innovations in materials science and technology have led to the development of high-performance, lightweight, and technologically integrated protective gear. Customization and personalization options have gained popularity, as athletes seek gear tailored to their specific needs and preferences. Moreover, the increasing awareness of sports-related injuries and the importance of injury prevention have fueled the demand for advanced sports protective equipment.
The market's dynamics have also been influenced by sustainability trends, with manufacturers adopting eco-friendly practices and materials to appeal to environmentally conscious consumers. Additionally, the integration of smart technology in sports protective gear has opened up new possibilities for injury monitoring, performance analysis, and data-driven insights. The rise of e-commerce and online retail channels has further expanded the market's reach, providing consumers with convenient access to a wide range of products and customization options. The growth of non-traditional sports and recreational activities has created new opportunities for manufacturers, leading to the development of specialised protective gear for niche sports. However, challenges such as high costs of quality equipment, competition from counterfeit products, and regulatory compliance remain critical areas for manufacturers and stakeholders to address. The impact of the COVID-19 pandemic in 2020 and 2021 also led to disruptions in sports events and reduced consumer spending, affecting the sports protective equipment market. Looking ahead, the Global Sports Protective Equipment Market is expected to continue its growth trajectory, driven by the continuous pursuit of player safety, technological innovations, and the evolving preferences of athletes and consumers. Sustainable practices and the integration of smart technology will likely remain significant trends, shaping the future of the sports protective equipment industry. Manufacturers must continue to invest in research and development, prioritise customization and personalization, and adapt to changing market dynamics to capitalise on the market's opportunities and meet the diverse needs of athletes worldwide.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 8.18 Billion |
| Market size value in 2030 | USD 12.91 Billion |
| Growth Rate | 5.2% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sports Protective Equipment Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sports Protective Equipment Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sports Protective Equipment Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sports Protective Equipment Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sports Protective Equipment Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sports Protective Equipment Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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