Protective Sports Equipment Manufacturing in the US - Industry Market Research Report

Protective Sports Equipment Manufacturing in the US - Industry Market Research Report

Protective Sports Equipment Manufacturing in the US

The Protective Sports Equipment Manufacturing industry has experienced mixed results over the five years to 2023. Heightened competition from imports, which are expected to account for 65.9% of domestic demand in 2023, has hampered the growth prospects for this industry. An appreciating US dollar against other major currencies during the bulk of the five years has limited the industry's export opportunities. Moreover, countries like China have lower labor costs, and the high value-to-weight ratio of protective sports equipment enables foreign producers to export products with minimal shipping expenses. Nonetheless, the industry benefited from rising per capita disposable income over most of the current period. However, the suspension of many organized sports programs in 2020 amid COVID-19 caused industry revenue to fall 5.7% in 2020 alone. Overall, industry revenue is expected to rise at a CAGR of 0.6% to $347.6 million over the five years to 2023, including an anticipated 0.5% rise in 2023.

This industry manufactures protective sports equipment such as helmets, pads, gloves and shin guards. Recreational and professional athletes purchase industry products to protect themselves from injury.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.