Le Lézard
Classified in: Sports and recreation
Subject: MRR

Sports Protective Equipment Market to Rise at CAGR of 5.2% during Forecast Period 2022-2031, notes TMR Study


WILMINGTON, Del., Aug. 19, 2022 /PRNewswire/ -- In 2021, the value of global protective sports equipment market size stood at US$ 8.18 Bn. The global market is anticipated to rise at a CAGR of 5.2% during the forecast period, from 2022 to 2031. The value of global sports protective equipment market is estimated to touch US$ 13.35 Bn by 2031. The market for sports protective equipment is being driven by an increase in involvement in outdoor sports activities. With more people participating in sports, there is a rising need for protective gear such boxing equipment, helmets, and footwear, which is expected to offer growth prospects for the sports equipment suppliers.

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Due to the rise in sports-related injuries, individuals are also becoming more knowledgeable about the usage of protective gear for sports. This is anticipated to increase consumer demand for sports protective gear. In order to bring novel items to the market, sports safety equipment manufacturers are constantly investing on research and development projects. Since there are more sports professionals in Asia Pacific than in any other region, there is likely to be a higher demand for sports equipment substances in the region.

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Key Findings of Market Report

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Global Sports Protective Equipment Market: Growth Drivers

Global Sports Protective Equipment Market: Key Players

Some of the key market players are

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Global Sports Protective Equipment Market: Segmentation

Product Type

Application

End User

Price

Distribution Channel

Consumer Goods Research Reports

Sports Betting Market - The global sports betting market is expected to reach US$ 653.5 Bn by the end of 2031, grow at a CAGR of 9.8% from 2022 to 2031

Industrial Protective Footwear Market - The global industrial protective footwear market is expected to reach US$ 10.87 Bn by the end of 2031, grow at a CAGR of 4.84% from 2022 to 2031

Winter Sports Equipment Market - The global winter sports equipment market is expected to reach a value of US$ 3602.2 Mn by the end of 2031, expand at a CAGR of 4.1% from 2022 to 2031

Asia Pacific Footwear Market - The Asia Pacific footwear market is expected to surpass the value of US$ 846.9 Bn by the end of 2031, expand at a CAGR of 8.7% from 2021 to 2031

Board Games & Puzzles Market - The global board games & puzzles market is expected to surpass the value of US$ 24.5 Bn by the end of 2031, expand at a CAGR of 7% from 2021 to 2031

Golf Rangefinder Market - The global golf rangefinder market is expected to cross the value of US$ 728.3 Mn by the end of 2031, expand at a CAGR of 7.7% from 2021 to 2031

Helmet Market - The global helmet market is estimated to reach a value of US$ 34.2 Bn by 2030, expand at a CAGR 5.7% during the forecast period

Europe Climbing Gym Market - Europe climbing gym market is expected to reach the value of US$ 2 Bn by 2031, expanding at a CAGR of 9.9% during the forecast period

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