Some of the sports require proper protective equipment, that is it is already advisable for the players to use this equipment to protect themselves against injury. Some of the forms of protective equipment included of foam padding around goal posts and practice equipment like tackle suits, crash pads and tackle bags in the rugby codes as well as some of the personal protective equipment are mouth guards. Protective equipment is personally designed to protect properly against dangerous injury. For to be beneficial to the players, personal protective equipment must provide the protection intended, which is to be fit well, be comfortable and not interrupt with any of the activities in the particular sport i.e. it should not restrict during the movementAccording to AMA, the market for Sport Protection Equipment is expected to register a CAGR of 4.2% during the forecast period to 2024. This growth is primarily driven by Prominence of sports events at national and international level, Growing sports activities participation and Rising awareness related to health and fitness.
Globally, a noticeable market trend is evident Online retailing of sport protection equipment. Major Vendors, such as Adidas Ag (Germany), 2nd Skull (United States), Nike Inc. (United States), Under Armour, Inc. (United States), Puma SE (Germany), Amer Sports Corporation (Finland), Asics Corporation (Japan), Vista Outdoor (United States), Warrior Sports (United States), BRG Sports (United States), Xenith (United States) and Shock Doctor (Bregal Partners) (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
NIKE, Inc. today announced it has acquired Invertex Ltd., a leading computer vision firm based in Tel Aviv, Israel, as it continues to strengthen its digital technology platforms. The talented team will focus on building groundbreaking innovations to help Nike serve millions of members around the globe
2nd Skull, a company that creates protective skull caps for tough contact sports such as football and rugby, has received USD 100,000 in funding from the NFL as part of HeadHealthTECH Challenge II
- Prominence of sports events at national and international level
- Growing sports activities participation
- Rising awareness related to health and fitness
- Online retailing of sport protection equipment
- Availability of low-priced products as an substitute
- High prices associated with the protective equipment
Online retailing is creating a major boom in the consumer product market and In emerging economies there is rising disposable income
Low awareness related to the sports protective equipment for non players
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