Global Sports Protective Equipment Market 2017-2021

Overview of the global sports protective equipment market

According to Technavio’s market research report, the global sports protective equipment market will grow at a CAGR of more than 3% during the forecast period. The rising popularity of national and international events will drive the growth prospects for the global sports protective equipment market from 2017 to 2021. With the involvement in sports slowly becoming the need to follow an active and healthy lifestyle, there is an increasing participation in different sports activities such as soccer and lacrosse and also in adventure sports such as trekking, mountain racing, and ice skating. Moreover, the popularity of major sports tournaments for soccer, cricket, baseball, rugby, and tennis that drive the influx of audience from countries across the globe also increases participation. This growing involvement in sports activities will fuel the demand for sports protective equipment, which will consecutively drive market growth.

In terms of geography, North America was the major revenue contributor to the sports protective equipment market during 2016. Factors such as the increasing obesity rates, the growing importance of a healthy lifestyle, and the adoption of sports as a lifestyle change, will fuel the market’s growth in this region. Additionally, the development of innovative products and the introduction of regulations that mandate the usage of protective gear, will also boost the sales of sports protective equipment in the Americas. As a result, this region will continue to dominate the market throughout the predicted period.

Competitive landscape and key vendors