LONDON--(BUSINESS WIRE)--The global knee pad market 2019-2023 is expected to post a CAGR of close to 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report
The number of road accidents is rising across the world, due to poor road infrastructure and the increasing number of automobiles on the road. Most road accidents lead to injuries in the knees, elbows, and the back, including the spinal cord. Thus, motorcycle riders across the world are taking precautionary measures to avoid injuries, which has increased the demand for various protective riding gear, including knee pads. Thus, the growing demand for knee pads from motorcycle riders will have a positive impact on the knee pad market growth during the forecast period.
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As per Technavio, the rising demand for specialty knee pads will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.
Global Knee Pad Market: Rising Demand for Specialty Knee Pads
The increasing consciousness about health and safety among customers and the rising demand for innovative products in terms of technology and design have led to the introduction of several innovative products in the market. Some of the major innovations in the market include the introduction of self-adjusting knee pads, gel knee pads, and strapless knee pads. Such innovations and the rising demand for specialty knee pads will fuel the market growth during the forecast period.
“Apart from the rising demand for specialty knee pads, other factors such as the growing online retail, and the increasing demand from military and defense sector will boost the knee pad market during the forecast period,” says a senior analyst at Technavio.
Global Knee Pad Market: Segmentation Analysis
This market research report segments the global knee pad market by end-user (individual and industrial) and geographical regions (MEA, South America, APAC, North America, and Europe).
The North American region led the market in 2018, followed by APAC, Europe, South America, and MEA, respectively. However, the APAC region is expected to register the highest incremental growth during the forecast period, due to the growing awareness of benefits of using knee pads and economic factors such as increasing disposable incomes of people in the region.
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Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
Five Forces Analysis
- Regional comparison
- Key leading countries
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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