The global wheel sports protection market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The rise in the number of accidents is anticipated to drive the growth of the global wheel sports protection market. According to the data published by World Health Organization in 2021, road traffic injuries are the leading cause of mortalities in children and young adults aged 5-29 years and about 73.0% of all road traffic injuries occur among young males under the age of 25 years. Approximately 1.3 million mortalities occur annually as a result of road traffic crashes. More than 90.0% of the world’s fatalities on the roads occur in low – and middle-income countries. Moreover, an estimated 20 million – 50 million people suffer from non-fatal injuries, with many incurring a disability as a result of their injury. Thus, the adoption of wheel sports protection such as helmets, gloves, riding pants, and others are anticipated to avoid major injuries, which in turn will fuel the demand for the global wheel sports protection market.
Looking toward the demand for wheel sports protection, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in July 2021, Studds Accessories Ltd launched motorcycle riding jackets. The riding jackets are equipped with elbow straps and multi-purpose pockets for carrying necessary things. Moreover, the back protector and shoulder protector promise safety to the rider in case of collision.
Further, in June 2020, Royal Enfield launched an apparel and riding gear range for women in India. Moreover, in June 2021, Bern Helmets in collaboration with GRLSWIRL launched a co-branded skate helmet. The GRLSWIRL helmet is equipped with a matte cream shell with retro stripes and matching lay-flat straps. The helmet is available in small, medium, and large. The helmet uses an EZ fit system and consists of a lightweight ribbed liner construction and low-profile design. Thus, such launches are anticipated to drive the growth of the global wheel sports protection market during the forecast period.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Nike Inc., Adidas AG, and Dick’s Sporting Goods, Inc., among others
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Global Wheel Sports Protection Market Report by Segment
By Type
Straight wheel
Off-Road Vehicle
Skate
Others
By Application
Men
Women
Girls
Boys
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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