Market - - Jun 01,2017
The sports protective equipment market worldwide is expected to boost, with a positive rise in CAGR of 3.80% between 2017 and 2025.
As a result of injuries to athletes during sporting activities, the safety standards have been posed by the concerned authorities. The sports protective equipment market includes helmets, protective eyewear, face protection, mouth guards, jock straps, safety mats, life jackets, pads, protective footwear and padded flame resistant pressure suits particularly for motorcyclists and motor cross participants.
In the current phase, the growing participation in sports activities combined with rising awareness about safety offered by these products is motivating the demand for sport protective equipment globally. Moreover, the rapid growth of the e-commerce industry has further endorsed the growth of this market in the present scenario. The e-commerce industry has permitted the manufacturers to reach out to a wider customer base and provide various products as per consumer’s preference; this factor is also responsible for the growth of the sports protective equipment market.
As per a recent research report published by Market Research Reports Search Engine (MRRSE), it has been anticipated that the market for sports protective equipment would grow at a CAGR of 3.80% between 2017 and 2025. At this pace, the sector would soon reach a valuation of US$9.82 billion by the end of 2025. Precisely, the protective equipment is categorized as hand protection, head protection, lower body protection and others; which are very much in demand.
Currently, the major vendors in the global sports protective equipment market are Adidas AG, Nike Inc., Puma SE, Xenith, Amer Sports Corporation, Under Armour Inc., Mueller Sports Medicine Inc., McDavid Inc. and Grays International among others. Interestingly, Nike Inc., constantly strives to introduce new products in its sports protective footwear segment for increasing its competitiveness in the market. Moreover, Adidas AG is continuously determined to launch new products to expand its portfolio.
For more information on this report visit- http://www.mrrse.com/sports-protective-equipment-market