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Sports Protective Equipment Market Share

Report ID: GMI7797
Published Date: Jan 2024
Report Format: PDF

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Sports Protective Equipment Market Share

In 2023, dominant market players, including Adidas AG, Nike, Inc., and Under Armour Inc., collectively hold around 37% market share. These industry leaders are actively engaged in strategic initiatives such as mergers & acquisitions, facility expansions, and partnerships to broaden their product portfolios, reach a wider customer base, and strengthen their market presence. These companies continuously invest in research and development to improve their designs and incorporate new technologies, allowing them to stay ahead of the competition.

Sports Protective Equipment Market Companies

Major players operating in the Sports Protective Equipment industry include:

Adidas AG
Nike, Inc.
Under Armour, Inc.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market for sports protective equipment was valued at USD 8.4 billion in 2023 and is anticipated to register a CAGR of over 4.4% between 2024 and 2032, owing to the increasing popularity of national and international sports events.

The football segment is anticipated to witness substantial growth, particularly owing to its increasing popularity in the United States. The fervor for football in the U.S., spanning from amateur leagues to professional competitions, is driving a heightened demand for cutting-edge protective gear.

Asia-Pacific region had the largest market share in the year 2023 of 35% and is poised for substantial growth primarily driven by the increasing presence of sports in schools and colleges, along with a notable rise in the frequency of sports events.

Adidas AG, Nike, Inc., Under Armour, Inc. among many other players in the market.