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Rock Sport Protection Products Market Insights, Trends & Future Development Status Recorded during 2017-2022

Feb 25th 2019 at 11:19 PM

Due to increasing health awareness amongst the consumers and due to the changes in the urban lifestyle, adventure sports and tourism are gaining prominence all across the world. In order to cater to the needs of such growing consumers who opt for adventure sports like rock climbing and hiking, the market for rock sport protection products is witnessing a steady growth.

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Such type of rock sport protection products are used to protect the sportspersons from accidents as there is an element of risk involved in such kind of sporting activities, and these protection products offer protection against sudden external impacts or falls. Such type of protection devices have been made compulsory by some sporting authorities and thus boosting the market for such type of protective equipment. However, the sale of inferior or counterfeit products are playing spoilsport in this market and are restricting the growth of rock sport protection products market.

The global rock sport protection products market is slated to touch a value of nearly US$ 115 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

APEJ Market Set to Dominate the Global Rock Sport Protection Products Market in Terms of Revenue

The market in APEJ is set to dominate the global rock sport protection products market in terms of value and this trend is projected to sustain itself throughout the assessment period. APEJ rock sport protection products market is the most attractive market, growing at a sluggish CAGR over the assessment period.

Helmet Product Type Segment Poised to Touch a Value of Nearly US$ 33 Mn in 2022

As per the forecast of Fact.MR, the helmet product type segment is expected to reach a value of nearly US$ 33 Mn in the year 2022. This represents a sluggish CAGR during the forecast period of 2017-2022. Helmet product type segment is expected to account for nearly one-third of the revenue share of the product type segment by the year 2017 and is expected to gain market share by the end of the year 2022.

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Independent Sports Outlet Segment to exhibit a CAGR of 2.3% During the Assessment Period

As per the forecast of Fact.MR, the independent sports outlet segment is slated to touch a figure of nearly US$ 42 Mn in the year 2022. This represents a CAGR of 2.3% during the assessment period from 2017 till the year 2022. This segment is expected to lose market share by the end of the year 2022. The independent sports outlet segment is expected to account for more than one-third of the revenue share of the sales channel segment by the year 2017.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of global rock sport protection products market through 2022, which include Bauerfeind AG, McDavid Inc, Mueller Sports Medicine, Inc., Under Armour, Inc., NIKE, Inc., Shock Doctor Inc., Decathlon S.A., Amer Sports Corporation, Dick's Sporting Goods, Inc. and Vista Outdoor Inc.

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