As per the latest research study, the global sports protect equipment platform is said to grow at the CAGR of more than the allotted 3%m especially during the current forecast period. This report was procured from Technavio, and is titled as ‘Global Sports Protective Equipment Market 2017-2021.’ This report clearly provided an in-depth analysis of the present market, in terms with the ongoing market trends and the growth in the revenue cycle. This report further provides an up to date information, analysis and further forecasts of multiple market sections and their current geographical regions.
Some researches will blow your mind when you come to know the present value of the sports equipment market. However, this report is not likely to stay stable for long, as market trend keeps on changing with every passing day.
More about the report:
Recent reports have indicated an increasing demand for the ball sports and adventure equipment in the current North America region. And this increase in certain parts of the world will definitely aid in the proper growth of protective equipment for these said sports. You will be amazed to know that the APAC market is also growing at significant rate. It is mostly driven by demand for some ball sports equipment. This in turn can lead to the sports protective equipment session.
Checking on the market analysis:
More about the current value of this sport protective equipment market can be procured straight form the firm’s analysis. This market research has recently categorized the sports protective equipment market into four significant product segments. Those divisions are ball sports protective items, cycling preventing products, extreme sports protective tools and equipment and other forms of protective items in the market.
More about the cycling protective equipment:
When it comes to cycling protective equipment market, this segment has generally contributed the maximum share of revenue to current global sports unit in 2016. However, over the past five years, this demand is said to grow.
Governments along with the corporate organizations in some developed countries are now looking to take initiatives like women cycling festival, challenge ride series and even cycling UK tourist competition for encouraging people to use bicycles more, as a mode of transportation. You might come across growing number of cycling clubs, which can enhance the sales of certain protective equipment in upcoming years.
For the ball sports:
Thanks to the highest popularity level of some ball sports like cricket, football, rugby and soccer, this segment is defined as a primary driver of protective equipment market. These games are not just popular but further records high participating rates. Therefore, such love and fascination towards these games are going to impose growth impact of this segment for the next five years. Among all the available options, shin guards and helmets top the charts.
However, you cannot lag the extreme sports equipment far behind. It was in the year 2016 when North America has the highest growth rate in this extreme sport growing market. With bike race and surfing becoming extreme sports among people, they are inclining more towards the protective gear segment too.