Shin Guards Market Scope
Shin guard is a piece of the material worn front of the players to protect the lower part of the leg from injury while playing sports such as football, ice hockey, lacrosse, cricket, and many more sports. The main function of the shin guard is to protect soft tissues and bones of the lower part of the leg from external impact. Besides, it offers shock absorption and facilitates energy dissipation by decreasing the risk of serious injuries. Moreover, increasing sports-related activities in schools and the high disposable income of the end-user are factors driving the global shin guards market.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Umbro (United Kingdom), Puma (Germany), Reusch International (Italy), Nike Inc. (United States), Adidas AG. (Germany), Under Armour, Inc. (United States), Ultimate Sports Group Plc (United States), Franklin Sports Inc. (United States), New Balance Athletics Inc (United State) and BAUER Hockey LLC (United States) |
CAGR | 3.0% |
Fragmented nature of the market owing to the number of players present in the market. Market leaders are focusing on product innovation due to changing customer demand and preferences. Increasing demand from emerging economies also driving the demand for the Shin Guards market. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Shin Guards market throughout the predicted period.
Umbro (United Kingdom), Puma (Germany), Reusch International (Italy), Nike Inc. (United States), Adidas AG. (Germany), Under Armour, Inc. (United States), Ultimate Sports Group Plc (United States), Franklin Sports Inc. (United States), New Balance Athletics Inc (United State) and BAUER Hockey LLC (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Vizari Sport LLC, RDC Inc. (United States), Combat Sports International(United States) and G-Form (Island).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Shin Guards market by Type , by Application (Baseball, Ice Hockey, Field Hockey, Lacrosse, Mountain Bike Trials and Others) and Region with country level break-up.
On the basis of geography, the market of Shin Guards has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
For instance in August 2019 company name Celect has been acquired by United States based Company named Nike. This acquisition will helps the company to increase and helps better predict shopping behavior and serve consumer more personally at scale.
In November 2021, Soccerment launched smart shin guards at the Web Summit in Lisbon, which capture data on every run, pass, shot, and change of direction made by the wearer during a match or training session.
“The NFHS Rule Book is similar but goes on to indicate that the shin guard must be no higher than 2 inches above the ankle and the NOCSAE seal must be permanently marked on the shin guard. ”
Influencing Trend:
Demand for Light Weight Shin Guard
Market Growth Drivers:
Increasing Knowledge about Protection in Sports, Availability of Advanced Products and Growing Number of Sports Tournaments and Leagues is key Driving factor of the Shin Guards market
Challenges:
Key Competition Between Manufacturers
Restraints:
Adverse Effect of Shin Guard on the Skin like Dermatitis, Inflammations
Opportunities:
Continuous Research and Innovation, Involvement of Governments to Increase Sports participation is Creating the Growth Opportunities for the Manufacturers of Shin Guard
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Shin Guard Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders,and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry