The Business Research Company’s Sports Protective Gear Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Sports Protective Gear Global Market Report 2023 evaluates sports protective gear market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global market for sports protective gear is poised for robust expansion, with a projected increase from $3.72 billion in 2022 to an estimated $4.02 billion in 2023, reflecting an impressive compound annual growth rate (CAGR) of 8.0%. However, it is important to contextualize this growth within the broader global landscape. The ongoing Russia-Ukraine conflict has cast a shadow over the world’s economic recovery in the aftermath of the COVID-19 pandemic, particularly in the short term. This geopolitical turmoil has, in its wake, ushered in economic sanctions imposed on several nations, a notable upswing in commodity prices, and the ensuing supply chain disruptions, which collectively contribute to an inflationary trend impacting a broad spectrum of goods and services worldwide.
In light of these intricate geopolitical dynamics, the sports protective gear market is expected to navigate these challenges and continue its upward trajectory. By 2027, the market is anticipated to reach $5.35 billion, demonstrating a slightly moderated yet still impressive CAGR of 7.4%. This projected growth signifies the resilience and adaptability of the sports protective gear industry, even in the face of complex global events.
The burgeoning participation in sports and recreational activities is poised to be a driving force behind the expansion of the sports protective gear market. A significant catalyst for this surge in engagement can be attributed to the profound impact of the COVID-19 pandemic. As the pandemic necessitated lockdowns and restrictions, individuals found themselves with newfound leisure time, prompting a notable upswing in sports and recreational pursuits.
Sports protective gear plays a pivotal role in ensuring the safety of enthusiasts, allowing them to partake in these activities without the fear of injury. To underscore this point, a comprehensive study conducted in October 2021 by the U.S. Bureau of Labor Statistics (BLS), a reputable federal agency dedicated to collecting and disseminating vital data concerning the U.S. economy and labor market, revealed a striking statistic. It was observed that individuals aged 15 and above dedicated an average of 32 minutes more per day to leisure and sporting activities in 2020, during the height of the COVID-19 pandemic, as compared to the preceding year, 2019.
This tangible increase in participation underscores the pivotal role of sports protective gear in facilitating safe and injury-free involvement in such activities. Therefore, it is foreseeable that the continued rise in the number of individuals participating in sports and recreational pursuits will act as a robust driver, propelling the growth of the sports protective gear market. In essence, the surge in demand for these protective gears is intrinsically linked to the changing dynamics of our world, further accentuating the market’s potential for expansion.
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The sports protective gear market segments in the report are:
1) Sports Protective Gear Market By Type: Combine Sports Gear, Single Sports Protector
2) Sports Protective Gear Market By Area Of Protection: Head and Face, Trunk and Thorax, Upper Extremity, Lower Extremity
3) Sports Protective Gear Market By Distribution Channel: Exclusive Stores, Multi-retail Stores, E-commerce Portals
4) Sports Protective Gear Market By Application: Professionals, Hobbyists
Top Major Players
The table of contents in TBRC’s sports protective gear market report 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
List Of Tables
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Sports Protective Gear Market, Segmentation By Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Sports Protective Gear Market, Segmentation By Area Of Protecton, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Sports Protective Gear Market, Segmentation By Distribution Channel, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
……..
Table 47: Adidas AG Financial Performance
Table 48: Amer Sports Oyj Financial Performance
Table 49: ASICS Corporation Financial Performance
Table 50: Bauer Hockey LLC Financial Performance
Table 51: BRG Sports Financial Performance
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