Global Sports Protective Equipment Market to Witness Expansion at a CAGR of 3.8% during the Period of 2017 – 2025
Albany, NY -- (SBWIRE) -- 03/16/2018 -- The global sports protective equipment market is witnessing a strong rise due to the rising interest of young generation in different types of sports, increasing need for sporting goods, and the growing popularity of sports leagues. Besides this, the growing awareness among people about the safety and security required during games is also projected to reflect positively on the sales of sport protective equipment, globally, over the coming years. A new market report titled as "Sports Protective Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025" has been added to the vast online repository of Market Research Reports Search Engine (MRRSE). This report is an analysis of the current market situation as well as the future prospects of the global sports protective equipment market.
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The global sports protective equipment market is expected to rise at a CAGR of 3.80% between 2017 and 2025. At this pace, the market is likely to reach a valuation of US$9.82 billion by the end of 2025 from US$7.10 billion in 2016. This report includes a comprehensive executive summary, along with a market snapshot providing overall information about different segments and sub-segments considered within the scope of the study. The market overview section of the report identifies the market dynamics such as drivers, restraints, challenges and opportunities that currently have a strong influence on the global sports protective equipment market and could influence the market in the near future. Market attractiveness analysis is provided in order to explain the intensity of competition in the market across different regions. The competitive scenario among different market players is assessed through market share analysis in the competitive landscape section of the report. All these factors helps market players to take strategic decisions in order to strengthen their positions and expand their shares in the global sports protective equipment market.
The global sports protective equipment market is segmented on the basis of product type into hand protection, head protection, lower body protection and others. Among these segments, head protection segment holds the majority of market share, whereas lower body protection is expected to be the most lucrative segment during the forecast period. In terms of application, the sports protective equipment market is segregated into mountaineering and rock climbing, water sports and racing, ball games and others. Among these, the demand for sports protective equipment is higher in water sports and racing and it is anticipated to remain dominant throughput the forecast period.
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The major companies operating in the global sports protective equipment market are Adidas AG, Nike Inc., Puma SE, Asics Corporation, Xenith, Under Armour Inc., Amer Sports Corporation, McDavid Inc., Mueller Sports Medicine Inc. and Grays International among others. The report also provides information such as company details (HQ, foundation year and employee strength), market presence (by segment and by geography), strategic overview and SWOT analysis for all the market players profiled within the report.
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