Categories: Sports Industry

Global Sports Protective Gear Market Size and Forecast 2023-2032|Adidas AG, Amer Sports Oyj, ASICS Corporation, Bauer Hockey LLC, BRG Sports,

The Sports Protective Gear Global Market Report 2023 by The Business Research Company, provides sports protective gear market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s Sports Protective Gear Global Market Report 2023, the global sports protective gear market size is expected to grow from $3.72 billion in 2022 to $4.02 billion in 2023, at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the sports protective gear market is expected to grow to $5.35 billion in 2027 at a CAGR of 7.4%.

The increasing number of people participating in sports and recreational activities is expected to propel the growth of the sports protective gear market. The COVID-19 pandemic is one of the major reasons for the increased participation in sports and recreational activities. Due to the pandemic, people had ample free time to play sports or engage in recreational activities. Sports protective gears aids people in playing safely without any injury.

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The sports protective gear market is segmented:

1) By Type: Combine Sports Gear, Single Sports Protector

2) By Area Of Protection: Head and Face, Trunk and Thorax, Upper Extremity, Lower Extremity

3) By Distribution Channel: Exclusive Stores, Multi-retail Stores, E-commerce Portals

4) By Application: Professionals, Hobbyists

Technological innovations are gaining popularity as a major trend in the sports protective gear market worldwide. Major market players are concentrating on implementing artificial intelligence in protective gear to aid sports professionals and athletes in several aspects of enhancing the spectator experience and helping to shape the look and feel of the sports enthusiasts. Such advancements enable key players to gain a competitive edge in the market. For instance, in August 2021, Venture Catalysts, an India-based company focusing on the commercialization of technologies through entrepreneurship, invested in Altor, another India-based startup that builds IoT and AI-enabled smart helmets. The smart helmet has a number of features that guarantee comfort while riding and road safety. When an accident occurs, the startup’s patent-pending technology instantly recognizes it, notifies the rider’s emergency contacts, and tracks the accident’s position. Such investments are leading to the production of innovative sports protective gear products.

The sports protective gear market report table of contents includes:

1. Executive Summary

2. Sports Protective Gear Market Characteristics

3. Sports Protective Gear Market Trends And Strategies

4. Sports Protective Gear Market – Macro Economic Scenario

5. Sports Protective Gear Market Size And Growth

26. Africa Sports Protective Gear Market

27. Sports Protective Gear Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Sports Protective Gear Market

29. Sports Protective Gear Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: