The Business Research Company’s Sports Protective Gear Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Sports Protective Gear Global Market Report 2023 evaluates sports protective gear market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global sports protective gear market is poised for significant expansion, with projections indicating robust growth in the near future. In 2022, the market boasted a valuation of $3.72 billion, and this figure is set to ascend to $4.02 billion by the year 2023, marking an impressive compound annual growth rate (CAGR) of 8.0%. However, amidst this financial optimism, the shadow of geopolitical conflict looms large.

The ongoing Russia-Ukraine war has cast a pall over the prospects of global economic recovery in the immediate term. This strife has precipitated far-reaching consequences, notably in the form of economic sanctions levied against multiple nations, an upsurge in commodity prices, and unsettling disruptions within global supply chains. The resultant inflationary pressures have reverberated across various sectors, affecting both goods and services on a global scale.

Nonetheless, the sports protective gear market remains resilient. Despite the geopolitical turbulence, it is anticipated to flourish, with the market size projected to reach an impressive $5.35 billion by 2027, fueled by a steady CAGR of 7.4%. This demonstrates the enduring demand for safety equipment within the sports industry, even in the face of complex global challenges.

The burgeoning participation in sports and recreational pursuits is set to act as a formidable catalyst in driving the expansion of the sports protective gear market. One significant impetus behind this surge in engagement can be attributed to the profound impact of the COVID-19 pandemic. The pandemic, marked by lockdowns and restrictions, afforded individuals a surplus of leisure time, leading to a notable uptick in sports and recreational involvement. Consequently, the demand for sports protective gear has experienced a corresponding rise.

Sports protective gear serves as a critical enabler, ensuring that individuals can engage in these activities without fear of injury. The veracity of this statement is underscored by a comprehensive study undertaken in October 2021 by the U.S. Bureau of Labor Statistics (BLS), a venerable federal agency entrusted with the task of collecting and disseminating diverse data pertaining to the U.S. economy and labor market. This study revealed that individuals aged 15 and above allocated 32 additional minutes daily to leisure and sporting pursuits in 2020, during the throes of the COVID-19 pandemic, compared to the preceding year of 2019.

Hence, the burgeoning number of individuals actively participating in sports and recreational endeavors is expected to serve as a pivotal driver in propelling the growth trajectory of the sports protective gear market. This underscores the enduring significance of safety equipment within the context of evolving lifestyle and recreational trends.

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The sports protective gear market segments in the report are:

1) Sports Protective Gear Market By Type: Combine Sports Gear, Single Sports Protector

2) Sports Protective Gear Market By Area Of Protection: Head and Face, Trunk and Thorax, Upper Extremity, Lower Extremity

3) Sports Protective Gear Market By Distribution Channel: Exclusive Stores, Multi-retail Stores, E-commerce Portals

4) Sports Protective Gear Market By Application: Professionals, Hobbyists

The table of contents in TBRC’s sports protective gear market report includes:

1. Executive Summary

2. Sports Protective Gear Market Characteristics

3. Sports Protective Gear Market Trends And Strategies

4. Sports Protective Gear Market - Macro Economic Scenario

5. Sports Protective Gear Market Size And Growth

.........

26. Africa Sports Protective Gear Market

27. Sports Protective Gear Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Sports Protective Gear Market

29. Sports Protective Gear Market Future Outlook and Potential Analysis

30. Appendix

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