In 2018, the Global Sports Protective Equipment Market was valued at USD 7.51 billion and is estimated to grow at a 3.9% CAGR to reach USD 10.17 billion by 2026.

Participation of youth in outdoor sports has been growing over the past decades. Outdoor sports involve the risk of injuries associated with physical activities. If correct measures are not taken, the injuries may be either fatal or permanent disability. It is compulsory to use sports protective equipment to protect against sudden external impacts and prevent fatal injuries. The sports protective equipment market registered moderate growth in the last few years and is supposed to augment with same pace in the future.

There has been a considerable rise in the prominence of ball sports worldwide because of the health and wellness trends, the growing impact of social media, celebrity endorsements, and the number of sporting events at international that encourage consumers to enter some of the other sorts of sports activities.

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Sports Protective Equipment Market Segmentation

This global market research report is segmented and sub-segmented into the following categories:

Global Sports Protective Equipment Market - By Product

Helmets and Head Protection
Elbow Protection
Leg Protection
Others
Helmet and headgear were the most extensive product segment in 2018, accounting for 31.2% of the overall market revenue. A growing number of professional leagues such as the IPL, American Football League, and World Cycling League are crucial factors driving the demand for helmets and head protection gear over the forecast period. The increasing popularity of American football, cycling, and baseball will further propel the market for head protection equipment. Growing participation in sports in various countries such as India, Africa, and China, is expected to provide growth opportunities for the segment in future.

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Leg protection gears are estimated to grow at the highest CAGR of 5.6% from 2019 to 2025. The increasing popularity of soccer worldwide will have a positive impact on segment growth. For example, according to the study, soccer or football is the most popular sport globally. It is predicted that more than half of the world's population consider themselves to be fans of association football.

Global Sports Protective Equipment Market - By Distribution Channel

Offline
Online
The offline segment controlled the largest share of more than 90.0% in 2018. A rising number of sports equipment outlets in India and China are expected to positively impact the market's growth. For instance, Adidas AG, the German sportswear manufacturer, will launch 3,000 new stores in China by 2020, due to rising wealth and health awareness. The primary goal is to grow its retail network globally.

Furthermore, an increase in the number of outlets will help Companies Bridge the gap between consumers and companies, which will positively impact the market's growth. The online segment is expected to grow at the fastest CAGR of 7.5% over the forecast timeframe. Online sales channel has observed a significant change in the last few years due to increasing internet penetration in various countries. Furthermore, online retailers, including Amazon, Walmart, and DICK'S Sporting Goods, fuel the segment growth.

Regional Analysis

Based on geography, the North American market dominated the global sports protective equipment market in 2018, valuing for 40.0% share of the total revenue. The increasing popularity of American football and ice hockey worldwide is a crucial factor driving the region's sports protective equipment market. The U.S. held a considerable share of the North American market in 2018. These sports bring people together, irrespective of their culture, race, and religion, and are considered an integral part of American culture.

Asia Pacific is estimated to grow at a 6.7% CAGR during the forecast timeframe. Deep penetration of schools and colleges, coupled with an increase in the number of sporting events like the World Hockey League and the Indian Premier League, is predicted to propel the market for sports protective gear over the forecast timeframe. Increasing awareness among parents related to physical activities' associated benefits, including sports, has positively influenced sports equipment demand, including protective gear. The growing popularity of football in China, India, and other Asian countries is supposed to increase leg protection equipment demand over the forecast period.

The Middle East and Africa region is predicted to observe a significant growth in the coming years. The increasing popularity, coupled with increasing awareness among individuals, is expected to fuel protective gear demand. An increase in the number of celebrities such as Usain Bolt for Nike in endorsements will positively impact the regional market growth.

Key Market Players

Some of the prominent players operating currently in the global sports protective equipment market include Adidas, Amer Sports, Nike, BRG Sports, Under Armour, Dunlop Sports Group Americas Inc., PUMA SE, Fortune Brands Home & Security, Inc., Daiwa Seiko Co., Ltd., and Jaren Corporation.

Impact of COVID-19 on Sports Protective Equipment Market

The coronavirus pandemic can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms.

With the ongoing slowdown in world economic growth, the Sports Protective Equipment industry has also been negatively impacted. No sporting events took place, and even the Olympic games were cancelled for the year leading to a decline in the number of people following sports. Moreover, due to government-imposed lockdowns worldwide, there was a sudden drop in the need for sport protective equipment.