Global Sports Protective Equipment Market: Growth in Retail Industry to Help Develop Distribution Channels

Global Sports Protective Equipment Market: Overview

Sports equipment market is anticipated to observe steady growth during the forecast period. Growing participation in sports activities coupled with rising awareness about safety offered by these products is stimulating the demand for sport protective equipment market globally. In addition, rapid growth of the e-commerce industry has further attributed to the growth of this market at present. Online distribution channel offers various benefits such as variety of product offering, numerous options such as different brand, color, size, price variation, easy delivery, time saving and others. Growth of the e-commerce industry has allowed the manufacturers to reach out to a wider customer base and offer various products as per consumer’s preference, which is also responsible for the growth of the market.

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Moreover, many manufacturers are focused on introducing light weight sports protective equipment and its offers high performance due to their flexibility and stiffness. This factor is likely to push the demand forward for such products. However, rise in the number of counterfeit products over the years had led to the disruption of the brand image of the major manufacturers, which is hampering the growth of the market at present. However, the impact of this driver is expected to minimize by the end of the forecast period. Moreover, counterfeit products slow down the economy of a country as well.

Global Sports Protective Equipment Market: Segmentation

The global sports protective equipment market is segregated on the basis of product type into head protection, hand protection, lower body protection and others. Head protection held the majority market share whereas lower body protection is likely to be the most attractive segment and is anticipated to witness the most rapid growth rate during the forecast period. The demand for hand protection is fairly high among the consumers owing to their application in various sports activities. Following lower body protection is the others segment, which is experiencing a steady growth in demand across the globe.

Sports protective equipment mostly used in water sports and racing application, therefore this segment held the largest market share in 2016 and it is expected a steady growth during the forecast period. Water sports includes coasteering, snorkeling, water skiing, jet skiing and others. Some of the countries famous for water sports such as Thailand, U.S.A., India, Mauritius, Australia and others. These countries are famous for tourism business this fuelling the growth of the water sports industry.. Cricket, football, basketball, tennis, baseball, soccer and others are famous ball sports.

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Companies Mentioned in the Report

The major vendors in the global sports protective equipment Market are Nike Inc., Adidas AG, Puma SE, Asics Corporation, Amer Sports Corporation, Xenith, Under Armour Inc., McDavid Inc., Mueller Sports Medicine Inc. and Grays International among others. Some of the key strategies adopted by these companies include mergers and acquisitions, joint ventures and partnerships, product innovations, and geographical expansions.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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