Sports Protective Equipment Market - Global Industry Size,Trends and Forecast Analysis For 2016 - 2024
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Although product innovation and the use of better quality raw material is expected to offer new opportunity for the market growth. Moreover, growing participation at local level sport activities in schools, universities and the corporate sector where sports being encouraged are also anticipated to create impact on demand. In addition, it is seen that emphasis are given on national level events to large extent and thus sports are encouraged not only in a competitive way but as a way to solve international conflicts. This factor also anticipated to drive product demand significantly.
The market is segmented in three categories: by types, by application, and by region. By types the market can be divided into helmets, protective eyewear, face protection and mouth guards, pads, guards and straps, protective clothing and footwear and others. In terms of application, the market can be segregated into competitive athlete, scroll sports, ball games, mountaineering and rock climbing, winter sports and water sports among others.
By geography, the markets has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. The study also covers major countries in all the regions such as The U.S in North America, The U.K, Germany, France, Russia, Italy and Rest of Europe in Europe, China, India, Japan and Rest of APAC in Asia Pacific, Brazil in Latin America and GCC is Middle East and Africa among others. Developed nations namely U.S. and European countries are expected to boost the industry in terms of volume and revenue. However, Asia Pacific is expected to experience high growth during the forecast period. This is resulting to strong economic growth and rising consumer disposable income, especially in developing countries such as India, China and Japan. Furthermore, high demand generated from Australia is also resulting to increased focus on sports and this is also estimated to boost the demand. Inclination of consumers towards spending on apparels and other related products may also result to rise in product demand in the region.
The key players participating in the Sports protective equipment market are Bauerfeind AG, Mcdavid Inc., LP Support, Mueller Sports Medicine, Inc., Under Armour Inc., Nike Inc., Shock Doctor Sports, AQ-Support, Decathlon Group, Amer Sports Corporation and Adidas AG among others.
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