Friday, June 21, 2024

Knee Pad Market to grow at a CAGR of 4.54% from 2021 to 2026 | Marketing initiatives to be the primary market trend – Technavio

NEW YORK, July 3, 2023 /PRNewswire/ — The knee pad market size is estimated to grow by USD 995.54 million from 2021 to 2026. The growth momentum will be progressing at a CAGR of 4.54%  during the forecast period. The market is segmented by end-user (individual and industrial) and geography (North America, APAC, Europe, Middle East and Africa, and South America). The knee pad market share growth by the individual segment will be significant during the forecast period. The individual segment contributes to the largest share of the global knee pad market. Generally, knee pads are used by sports enthusiasts, athletes, fitness-conscious individuals, gardeners, dancers, and do-it-yourselfers. However, the presence of multiple types of knee pads for various applications boosts the competition in this segment of the market. The growing awareness of the advantages of using knee pads and the intense health implications related to knee disorders, and the rising participation in sports are likely to drive the demand for knee pads in the individual segment during the forecast period. Download a sample report 

Knee Pad Market Insights –

  • Vendors: 15+, Including 3M Co., ALLEGRO INDUSTRIES, ALTA Industries, ASICS Corp., Barska Optics, Bashlin Industries Inc., Bauerfeind USA Inc., Bucket Boss, Custom LeatherCraft Manufacturing LLC, Damascus Worldwide Inc., Decathlon SA, G FORM LLC, Honeywell International Inc., Hultafors Group AB, Klein Tools Inc., Mizuno Corp, Nike Inc, Stanley Black and Decker Inc., Tommyco Knee Pads Inc., and Vista Outdoor Inc. among others
  • Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
  • Segments: End-user (individual and industrial) and Geography (North America, APAC, Europe, Middle East and Africa, and South America)

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Knee pad market – Vendor Insights

The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including -3M Co., ALLEGRO INDUSTRIES, ALTA Industries, ASICS Corp., Barska Optics, Bashlin Industries Inc., Bauerfeind USA Inc., Bucket Boss, Custom LeatherCraft Manufacturing LLC, Damascus Worldwide Inc., Decathlon SA, G FORM LLC, Honeywell International Inc., Hultafors Group AB, Klein Tools Inc., Mizuno Corp, Nike Inc, Stanley Black and Decker Inc., Tommyco Knee Pads Inc., and Vista Outdoor Inc.

Knee Pad Market – Market Dynamics

Major Trends –

Marketing initiatives are the emerging trends supporting the growth of the knee pad market. Endorsements and the use of sports and protection equipment, such as knee pads, by celebrities, have an influence on the purchase decisions of consumers. Moreover, the brands and products endorsed by celebrities and athletes have remarkable brand value, which boosts overall sales. To increase their customer base, the manufacturers of knee pads adopt different marketing campaigns and strategies. Vendors use celebrity endorsements as a marketing tool that to build their brand /image and increase the sales of knee pads. For instance, Brass Knuckle Safety Products (Brass Knuckle), one of the prominent vendors in the global knee pad market, endorses its products through its brand ambassadors such as Lauren Updyke (CEO, head coach, and founder of BaseTri Fitness, LLC), and Korey Smerk (obstacle course racing (OCR) Athlete and Personal Trainer). Vendors frequently sign long-term, more than a year, endorsement agreements with high-profile celebrities to improve their brand value. Therefore, these marketing strategies expand the demand for knee pads during the forecast period.

Key challenges – 

The major challenge hindering the knee pad market growth is the presence of stringent government regulations and standards. Protective equipment, such as knee pads, is manufactured using various raw materials based on functions. Leather is the most preferred raw material to manufacture protective heavy-duty knee pads. Technological advances in materials have resulted in the development of durable synthetic leather knee pads with padding and safety. However, due to their low cost and lightweight, the preference for knee pads made of synthetic leather is growing. Vendors that offer knee pads made of synthetic leather incur low manufacturing costs due to the narrow product features and use cases. Therefore, the usage of substitute raw materials will hinder the knee pad market growth.

Drivers, & Challenges have an impact on market dynamics and can impact businesses. Find some insights from a sample report!

The knee pad market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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What are the key data covered in this Knee Pad Market report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the knee pad market between 2022 and 2026
  • Precise estimation of the knee pad market size and its contribution to the market in focus on the parent market
  • Accurate predictions about upcoming trends and changes in consumer behaviour
  • Growth of the knee pad market across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of knee pad market vendors

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Knee Pad Market Scope

Report Coverage

Details

Base year

2021

Historic period

2017-2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.54%

Market Growth 2022-2026

USD 995.54 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

3.99

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, Japan, Germany, and the UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

3M Co., ALLEGRO INDUSTRIES, ALTA Industries, ASICS Corp., Barska Optics, Bashlin Industries Inc., Bauerfeind USA Inc., Bucket Boss, Custom LeatherCraft Manufacturing LLC, Damascus Worldwide Inc., Decathlon SA, G FORM LLC, Honeywell International Inc., Hultafors Group AB, Klein Tools Inc., Mizuno Corp, Nike Inc, Stanley Black and Decker Inc., Tommyco Knee Pads Inc., and Vista Outdoor Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of contents

1 Executive Summary

  • 1.1 Market Overview 
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem 
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition 
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis 
    • Exhibit 12: Market segments
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary 
    • Exhibit 17: Five forces analysis – Comparison between 2021 and 2026
  • 4.2 Bargaining power of buyers 
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers 
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants 
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes 
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry 
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition 
    • Exhibit 23: Chart on Market condition – Five forces 2021 and 2026

5 Market Segmentation by End-user

  • 5.1 Market segments 
    • Exhibit 24: Chart on End-user – Market share 2021-2026 (%)
    • Exhibit 25: Data Table on End-user – Market share 2021-2026 (%)
  • 5.2 Comparison by End-user 
    • Exhibit 26: Chart on Comparison by End-user
    • Exhibit 27: Data Table on Comparison by End-user
  • 5.3 Individual – Market size and forecast 2021-2026
    • Exhibit 28: Chart on Individual – Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Individual – Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Individual – Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Individual – Year-over-year growth 2021-2026 (%)
  • 5.4 Industrial – Market size and forecast 2021-2026
    • Exhibit 32: Chart on Industrial – Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on Industrial – Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on Industrial – Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on Industrial – Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by End-user 
    • Exhibit 36: Market opportunity by End-user ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview 
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation 
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison 
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 North America – Market size and forecast 2021-2026
    • Exhibit 42: Chart on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on North America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on North America – Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on North America – Year-over-year growth 2021-2026 (%)
  • 7.4 APAC – Market size and forecast 2021-2026
    • Exhibit 46: Chart on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on APAC – Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on APAC – Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on APAC – Year-over-year growth 2021-2026 (%)
  • 7.5 Europe – Market size and forecast 2021-2026
    • Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)
  • 7.6 Middle East and Africa – Market size and forecast 2021-2026 
    • Exhibit 54: Chart on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on Middle East and Africa – Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on Middle East and Africa – Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on Middle East and Africa – Year-over-year growth 2021-2026 (%)
  • 7.7 South America – Market size and forecast 2021-2026
    • Exhibit 58: Chart on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on South America – Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on South America – Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on South America – Year-over-year growth 2021-2026 (%)
  • 7.8 US – Market size and forecast 2021-2026
    • Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)
  • 7.9 China – Market size and forecast 2021-2026
    • Exhibit 66: Chart on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on China – Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on China – Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on China – Year-over-year growth 2021-2026 (%)
  • 7.10 UK – Market size and forecast 2021-2026
    • Exhibit 70: Chart on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on UK – Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on UK – Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on UK – Year-over-year growth 2021-2026 (%)
  • 7.11 Japan – Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan – Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan – Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan – Year-over-year growth 2021-2026 (%)
  • 7.12 Germany – Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany – Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany – Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany – Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography 
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.3 Impact of drivers and challenges 
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026

9 Vendor Landscape

  • 9.2 Vendor landscape 
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption 
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks 
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered 
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors 
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 3M Co. 
    • Exhibit 89: 3M Co. – Overview
    • Exhibit 90: 3M Co. – Business segments
    • Exhibit 91: 3M Co. – Key news
    • Exhibit 92: 3M Co. – Key offerings
    • Exhibit 93: 3M Co. – Segment focus
  • 10.4 ALTA Industries 
    • Exhibit 94: ALTA Industries – Overview
    • Exhibit 95: ALTA Industries – Product / Service
    • Exhibit 96: ALTA Industries – Key offerings
  • 10.5 ASICS Corp. 
    • Exhibit 97: ASICS Corp. – Overview
    • Exhibit 98: ASICS Corp. – Business segments
    • Exhibit 99: ASICS Corp. – Key news
    • Exhibit 100: ASICS Corp. – Key offerings
    • Exhibit 101: ASICS Corp. – Segment focus
  • 10.6 Bauerfeind USA Inc. 
    • Exhibit 102: Bauerfeind USA Inc. – Overview
    • Exhibit 103: Bauerfeind USA Inc. – Product / Service
    • Exhibit 104: Bauerfeind USA Inc. – Key offerings
  • 10.7 Decathlon SA 
    • Exhibit 105: Decathlon SA – Overview
    • Exhibit 106: Decathlon SA – Product / Service
    • Exhibit 107: Decathlon SA – Key offerings
  • 10.8 Hultafors Group AB 
    • Exhibit 108: Hultafors Group AB – Overview
    • Exhibit 109: Hultafors Group AB – Product / Service
    • Exhibit 110: Hultafors Group AB – Key offerings
  • 10.9 Mizuno Corp 
    • Exhibit 111: Mizuno Corp – Overview
    • Exhibit 112: Mizuno Corp – Business segments
    • Exhibit 113: Mizuno Corp – Key offerings
    • Exhibit 114: Mizuno Corp – Segment focus
  • 10.10 Nike Inc 
    • Exhibit 115: Nike Inc – Overview
    • Exhibit 116: Nike Inc – Business segments
    • Exhibit 117: Nike Inc – Key news
    • Exhibit 118: Nike Inc – Key offerings
    • Exhibit 119: Nike Inc – Segment focus
  • 10.11 Tommyco Knee Pads Inc. 
    • Exhibit 120: Tommyco Knee Pads Inc. – Overview
    • Exhibit 121: Tommyco Knee Pads Inc. – Product / Service
    • Exhibit 122: Tommyco Knee Pads Inc. – Key offerings
  • 10.12 Vista Outdoor Inc. 
    • Exhibit 123: Vista Outdoor Inc. – Overview
    • Exhibit 124: Vista Outdoor Inc. – Business segments
    • Exhibit 125: Vista Outdoor Inc. – Key offerings
    • Exhibit 126: Vista Outdoor Inc. – Segment focus

11 Appendix

  • 11.1 Scope of the report 
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 127: Inclusions checklist
    • Exhibit 128: Exclusions checklist
  • 11.3 Currency conversion rates for US$ 
    • Exhibit 129: Currency conversion rates for US$
  • 11.4 Research methodology 
    • Exhibit 130: Research methodology
    • Exhibit 131: Validation techniques employed for market sizing
    • Exhibit 132: Information sources
  • 11.5 List of abbreviations 
    • Exhibit 133: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

Originally published at https://www.prnewswire.com/news-releases/knee-pad-market-to-grow-at-a-cagr-of-4-54-from-2021-to-2026–marketing-initiatives-to-be-the-primary-market-trend—-technavio-301868301.html
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