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Knee Pad Market Report Highlights Sales Volume, Price, Revenue, Gross Margin, Historical Growth & Future Perspectives by 2024: Radiant Insights, Inc.
SAN FRANCISCO, Nov. 18, 2019 /PRNewswire/ -- The global Knee Pad Market is expected to grow at an exponential rate in the years to come. This is attributed to ever-increasing motor accidents worldwide; which, in turn, result in knee disorders. The other parts getting adversely affected include feet, ankles, lower legs, and thighs. Plus, it has been reported that nearly 10% of injuries in off-road racing do happen to the knees. As such, knee pads are preferred by motorists as a preventive measure as well. This is also driving the manufacturers to add stylish products to their portfolios for expanding their customer base.
As stated above, vendors are coming up with types like strapless, gel, and self-adjusting knee pads for catering to the consumers' demand. The "self-adjusting" pads disregard requirement of manual adjustment. Plus, they don't dislocate at the time of change in activities. These days' features like odor and sweat control are also provided with the pads.
The knee pad market is segmented based on end-users and geography. By end-user, the segmentation spans industrial and individual. By geography, the knee pad market segmentation goes like North America, LATAM, MEA, Europe, and Asia Pacific. North America rules the roost due to extensive attention being paid to healthcare. Europe comes in second. However, in future, Asia Pacific would be holding the baton. This would be basically due to the fact that economies like India are more prone to road accidents as compared to their counterparts.
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The latest trend catching up herein is the increasing demand for neoprene knee pads. Neoprene comes across as one of the synthetic rubbers made from polymerized chloroprene. It does offer proper chemical stability coupled with increased strength and durability. Armed forces prefer neoprene knee pads for tactical operations.
The players contributing to the knee pad market include McDavid, Brass Knuckle, Akillis, Alta Industries, Fox, Portwest, Skan Technologies, Mongoose, Mizuno, McGuire, True Flex Knee Pads, and Shock Doctor.
The analysts forecast the global knee pad market to exhibit a CAGR of 4.6% during the period 2019-2024. The report covers the present scenario and the growth prospects of the global knee pad for 2019-2024. To calculate the market size, the report considers the knee pad sales volume and revenue.
The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets, and application.
Access 130 page research report with TOC on "Global Knee Pad Market" available with Radiant Insights, Inc. @: https://www.radiantinsights.com/research/knee-pad-market
- Geographically, the global knee pad market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America. This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.
- North America (U.S., Canada, Mexico, etc.)
- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.)
- Europe (Germany, UK, France, Italy, Russia, Spain, etc.)
- Middle East & Africa (Turkey, Saudi Arabia, Iran, Egypt, Nigeria, UAE, Israel, South Africa, etc.)
- South America (Brazil, Argentina, Colombia, Chile, Venezuela, Peru, etc.)
- Based on application, the knee pad market is segmented into:
- The report also includes a discussion of the key vendors operating in this market. Some of the leading players in the global knee pad market are:
- Bauerfeind AG
- ASICS Corporation
- Nike Inc.
- Decathlon SA
- Li Ning Co., Ltd.
- Fox Head Inc
- Honeywell International Inc.
- Klein Tools Inc.
- Objective of the study:
- To analyze and forecast the market size of global knee pad market.
- To classify and forecast global knee pad market based on region, and application.
- To identify drivers and challenges for global knee pad market.
- To examine competitive developments such as expansions, mergers & acquisitions, etc., in global knee pad market.
- To conduct pricing analysis for global knee pad market.
- To identify and analyze the profile of leading players operating in global knee pad market.
- The report is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities. Key target audience are:
- Manufacturers of knee pad
- Raw material suppliers
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to knee pad
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