The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Sport Protection Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Sport Protection Equipment
The report offers actionable and valuable market insights of Sport Protection Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Sport Protection Equipment Market across various industries and regions.
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In spite of a flurry of activity, the global sport protection equipment market will witness stagnant growth, reaching nearly US$ 9,480 million value by the end of 2022. The market is expected to witness weak CAGR during the forecast period, 2017-2022, on the account of low penetration of protective gear at local sporting events and increasing integration of protective framework in sporting apparels. Following insights show how global sport protection equipment market will perform in the next five years.
A considerable increase in occurrence of sports-related injuries has led to increased demand for sport protective equipment. With the popularity of wearable technologies, manufacturers of sport protection equipment are also focusing on the development of smart sport protection equipment using sensors that can facilitate impact protection and shock absorption. These high-performance impact protection technologies are being developed with the help of innovative product design.
Designers and engineers have started using wireless sensor technologies while developing sport protection equipment to manage, as well as prevent serious sport injuries. New foam technology is also gaining traction in the market, with manufacturers focusing on improving overall comfort and impact absorption for various protective gear used in sports.
This newly published and insightful report sheds light on Market Insights of Sport Protection Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Sport Protection Equipment Market.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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5 Key Highlights on the Future of Global Sport Protection Equipment Market
- North America is projected to remain the most lucrative market for sport protection equipment, and poised to reach close to US$ 3,200 million value by 2022-end. North America is expected to witness impressive growth owing to the development of sports infrastructure along with the government initiatives towards promotion of sports activities.
- Japan’s sport protection equipment market is expected to be the least growing market. Lower participation in general sports in Japan is expected to factor this sluggish growth.
- Protective footwear will emerge as one of the most-preferred sport protection equipment. Global sales of protective footwear is expected to gain around one-third revenue share on global revenues by the end of 2017.
- Sales of sport protection equipment will be highest through independent sports outlets, raking over US$ 3,600 million revenues by the end of 2022. Meanwhile, online sales of sport protection equipment will also witness significant growth in the global market.
- Compared to institutional purchasing of sport protection equipment, individual buyers will be observed as the largest contributor to the global sport protection equipment revenues. By the end of 2017, individual buyers will procure nearly three-fourth share of global market value. With increasing number of sports events organized globally, sports activities are being made compulsory in schools and colleges to encourage sports as a career, which is indirectly boosting the institutional purchases of sport protection equipment.
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More Valuable Insights on Sport Protection Equipment Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Sport Protection Equipment, Sales and Demand of Sport Protection Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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