DUBLIN, Apr. 21, 2017 /PRNewswire/ --
Research and Markets has announced the addition of the "Global Sports Protective Equipment Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2014 to 2024" report to their offering.
The sports protective equipment market was valued at USD 5,938.3 Mn in 2015, and is expected to reach USD 9,504.6 Mn by 2024, expanding at a CAGR of 5.2% from 2016 to 2024.
Based on the type of product the sports protective equipment market is segmented as follows: helmets & other headgear, protective eyewear, face protection & mouth-guards, and pads, guards, chest protectors & gloves. Pads, guards, chest protectors & gloves held the largest share in the global sports protective equipment market and is expected to hold the leadership position throughout the forecast period. Growing initiative of sport association to develop and mandate these basic protective gears are acting as driving factors for the growth of sports protective equipment market.
On the basis of area of protection the sports protective equipment market is segmented into: head & face, trunk and thorax, upper extremity and lower extremity. Head & face segment continues to dominate the market, as it is made mandatory to wear headgear in particular sports to avoid fatal injury, and is expected to lead the market throughout the forecast period.
The sport protective equipment market segmented based on distribution channels such as: specialty retail store, multi-retail stores and online stores and others. Among all the distribution channels, specialty retail channel dominates the market. Specialty retail channel is the traditional channel for buying the sport product, thus generating maximum revenue.
The key players in this market are Nike, Inc., Adidas AG, Under Armour, Inc. Puma SE, Asics Corporation, Amer Sports Corporation and others.
Key Market Movements:
- Growing Participation in Sports Activities Rising Rate of Sports Events are the significant drivers of the sports protective equipment market.
- Increase in consumer spending on sports protective equipment and rising consumer awareness about health, fitness and wellbeing are some other growth factors
- Threat of Counterfeit Products and Premium Pricing of Good Quality Sports Equipment
- The major opportunity in sports protective equipment market is Proliferation of Online Retail Channels
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Global Sports Protective Equipment Market Overview
Chapter 4 Global Sports Protective Equipment Analysis, by Product Type
Chapter 5 Global Sports Protective Equipment Market, By Area of Protection
Chapter 6 Global Sport Protective Equipment Market, by Distribution Channel
Chapter 7 Global Sports Protective Equipment Market, By Geography
Chapter 8 Company Profiles
- Adidas AG
- Amer Sports Corporation
- ASICS Corporation
- BRG SPORTS
- Nike, Inc.
- Puma SE
- SHOCK DOCTOR (BREGAL PARTNERS)
- Under Armour, Inc.
- VISTA OUTDOOR Inc
For more information about this report visit http://www.researchandmarkets.com/research/z5k3nd/global_sports
Research and Markets
Laura Wood, Senior Manager
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-sports-protective-equipment-market-2015-2024-950-billion-market-by-head--face-trunk-and-thorax-upper-extremity-and-lower-extremity---research-and-markets-300443510.html