ReportsnReports.com include Global Sports Protective Equipment Market 2016-2020 a new research report. With the increasing worldwide concerns about preserving the environment, the global sports protective equipment market is expected to register increased demand for eco-friendly products. To this end, organic cotton, water-based adhesives, and recycled plastic materials are replacing the traditional leather, synthetic rubber, polyurethane, nylon, and other synthetic materials used in the manufacturing process.
Complete report on sports protective equipment market spread across 67 pages, analyzing 5 major companies and provides 38 data exhibits is now available at http://www.reportsnreports.com/reports/521043-global-sports-protective-equipment-market-2016-2020.html
The analysts forecast global sports protective equipment market to grow at a CAGR of 3.07% during the period 2016-2020. According to the report, standards set by governments and by national health and public health organizations to ensure safety regulate most sports. Such standards mandate the use of protective equipment for specific sports, particularly for high action or high contact sports. This is the major driving force for the market.
The cycling protective equipment segment currently dominates this market and commands a market share of more than one-third of the total market. The growing popularity of cycling sports and events, such as Grand Tours and the World Cycling Championship, will result in the growth of this market segment during the predicted period.
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In sports protective equipment market research, analysts have estimated the specialty and sports shops segment to dominate this market and account for a market share of more than 40% during the predicted period. These stores have a broad portfolio of products and have the ability to provide the required support and information to consumers. Moreover, the ability of these stores to offer consumers advice via an expert customer service personnel will result in its strong growth during the forecast period.
The global sports protective equipment market is highly fragmented due to the presence of multiple small and large suppliers. Factors such as innovations and advances in technology, marketing, and promotional activities will help to differentiate various products in this market.
Key players in the Global Sports Protective Equipment Market: Adidas, Amer Sports, BRG Sports, Nike, and Under Armour. Other Prominent Vendors in the market are: Billabong International, Columbia Sportswear, Franklin Sports, McDavid, Mizuno, Puma, and Schutt Sports
Further, the report states that the easy availability of counterfeit products is negatively affecting the revenue and brand name of most well-established vendors.
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