Transparency Market Research delivers key insights on the global sports protective equipment market. In terms of revenue, the global sports protective equipment market is estimated to expand
at a CAGR of ~ 5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the sports protective equipment market report.
Sports protective equipment are uniquely designed for certain sports to prevent injuries. Sports protective equipment plays an integral role in ensuring the safety of an athlete who is participating in some sport. The sports industry is expanding rapidly across the world, as a large number of people are increasingly taking up sports and other recreational activities. The global sports industry, today, is an all-encompassing business, which covers everything from sporting goods and apparel to broadcasting rights, sponsorships, merchandising, and gate revenues.
The growing influence of fitness among a large number of people around the globe has increased the growth prospects of the sports protective equipment market to a great extent. The increasing awareness about adopting safety measures while playing a sport has further increased the growth opportunities of the sports protective equipment market extensively
Sports Protective Equipment Market: Growing Sports Playing Population – A Key Driver
- The demand for sports protective equipment is increasing due to strict regulations by sports organizations regarding the use of sports protective equipment. Regulatory agencies such as the International Organization for Standardization (ISO), American National Standards Institute (ANSI), Consumer Products Safety Commission (CPSC), and National Operating Committee on Standards for Athletic Equipment (NOCSAE) have tightened their regulations pertaining to the use of sports protective equipment.
Sports Protective Equipment Market: Increasing Sports Safety Rules Fueling Industry Growth
- Regulations governing younger players are stricter, thereby leading to the demand for sports protective equipment. As per standard guidelines, if players are not wearing proper equipment, they are removed from competition. Rule modifications and strict adherence to rules are expected to minimize the frequency of injuries. According to a report published by National SAFE KIDS Campaign and the American Academy of Pediatrics, more than 3.5 million children in the U.S. ages 14 and younger get hurt annually playing sports or participating in recreational activities. Sports and recreational activities contribute to approximately 21% of all traumatic brain injuries among American children.
- Most sports-related injuries occur due to proper sports protective equipment not being used. As such, sports agencies and associations are becoming stricter regarding the usage of protective sports equipment, so as to minimize causalities.
- However, the strict rules and regulation associated with various sports varies as per regions and depends on sport associations. Hence, the impact of the driver is anticipated to be medium during the forecast period.
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