U.S. Market for Protective Sports Equipment to Reach $2.1 Billion in 2018: BCC Research
Wellesley, MA (PRWEB) August 09, 2013 -- According to a new technical market research report, Protective Sports Equipment: The North American Market (Report code: AVM085A) from BCC Research (http://www.bccresearch.com), the U.S. market for sports protective equipment is expected to reach nearly $1.9 billion in 2013. BCC Research expects the market to grow to $2.1 billion by 2018, and register a five-year compound annual growth rate (CAGR) of 2.6% for the period 2013 to 2018.
The National Football League currently faces law suits by over 4,000 of its former players on the grounds that it did not do enough to inform them about the dangers of concussion. The cases, which are still in the early stages of being heard, could result in potentially large damages if the courts rule in the plaintiffs’ favor. In fact, the number of boys playing youth and high school football has declined to the point where college and professional teams have expressed concerns over a shrinking pool of young talent in the game.
While the risks of playing football are more widely known due to its popularity, every other sport must contend with safety risks of its own. This BCC Research report focuses on commercially available equipment that prevents injury from occurring. The reports states cycling, football, snow sports, ice hockey and roller sports as the largest markets for protective equipment in the U.S. Together these five sports accounted for more than 81% of the market in 2012, a share that is expected to grow to over 82% by 2018.
According to BCC Research, the cycling segment is expected to generate sales of $729.8 million in 2013. This market is expected to grow to $786.2 million by 2018, and register a CAGR of 1.5%. The report further states football as one of the fastest-growing segments of this industry. The football segment was valued at $344.8 million in 2013 and is expected to reach $505.7 million by 2018, to register a CAGR of 8%.
This BCC Research report covers the protective equipment industry, along with an analysis of products, manufacturing techniques, properties, and prices for the North American market. This study also identifies the key demand drivers in each of these segments and evaluates their projected market impact. Additionally, the study provides an analyses of market trends, with data from 2012, estimates for 2013, and projections of compound annual growth rates (CAGRs) through 2018.
This report is intended for companies involved in developing, manufacturing and supplying protective sports equipment; manufacturers, suppliers, and users of the materials used in protective sports equipment; companies interested in the development, manufacture, supply and/or use of protective sports equipment; and organizations that purchase/use protective sports equipment. The report will also be useful to members of sports associations, sports bodies, and sports organizations, government regulatory authorities, sports communities, and sports journalists.
Steven Cumming, BCC Research, http://www.bccresearch.com, +1 (781) 489-7301 632, [email protected]
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