LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global knee pad market to grow at a CAGR of almost 5% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global knee pad market for 2016-2020. To determine the market size, the study considers revenue generated from soft-capped, hard-capped, and flat-capped knee pads.
Vendors are concentrating on introducing self-adjusting knee pads which provide a high level of comfort to the wearer. They move with the knee, eliminating the need for constant readjustments, and eliminate sweat-related discomfort usually associated with knee pads. They are the perfect knee gear for military personnel as they provide optimal protection and comfort even during emergency situations.
Apart from self-adjusting knee pads, vendors are also focusing on gel knee pads and strapless knee pads. These eliminate blood circulation and sweat control problems usually associated with knee pads. The highest demand for knee pads is from the sports industry, other industrial end-users for this market are the military, defense, law enforcement, construction, mining, and flooring.
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Technavio analysts highlight the following four factors that are contributing to the growth of the global knee pad market:
- Demand for comfortable knee pads
- Increasing demand from sports industry
- Rise in demand for neoprene knee pads
- Increasing use in the construction industry
Demand for comfortable knee pads
“Customers consider three important factors while purchasing knee pads – the padding material used, the level of protection, and the amount of flexibility they provide. These factors have helped vendors who offer comfortable and quality knee pads to gain an edge over their competitors in the knee pad market”, says Sarah Haque, one of the lead analysts at Technavio.
The padding used affects the overall quality of the knee pads. Bulky and inflexible foams used previously are replaced by various types of foam and a sturdy lining. These flexible knee pads have innovative features making them water-resistant, anti-microbial, or washable – depending on user requirement. Comfortable and flexible knee pads are in high demand as they directly affect the productivity of the wearer. Many vendors are introducing new flexible knee pads to keep up with market demand, thus driving the market forward.
Increasing demand from sports industry
Around 55% of the knee pads are bought by individual customers, which primarily comprise of athletes. Recognizing this opportunity, vendors are designing and developing knee pads exclusively for the athletic demographic, creating an intense competition in the market. Vendors like McDavid, Nike, Mongoose, and Asics offer a wide range of athletic knee pads. The global sports equipment market has been recording a substantial growth due to increasing participation in sports activities. This has a direct effect on the global knee pad market.
Rise in demand for neoprene knee pads
“Neoprene fabric is a breathable, durable fabric that provides increased comfort. They help in keeping the knees stable while providing just the right amount of comfort and warmth. It also provides advanced comfort and enables easy sweat evaporation. The neoprene knee pad market segment is expected to grow faster than all the other segments in the forecast period”, says Sarah.
Due to these features, these knee pads are preferred by the military for tactical operations where full concentration on the job on hand is paramount. Some prominent vendors who offer quality neoprene knee pads are Dewalt, Alta Industries, and Asics.
Increasing use in the construction industry
Construction workers are often involved in tasks like climbing, transferring, flooring, roofing, and tiling; all of which adds pressure on the knees. Knee pads are in high demand from the construction industry and vendors are introducing products exclusively for this market segment. These knee pads are water repellant, light weight, non-skid, has two strap fastening for added safety, and provides high impact resistance. Important vendors catering to the construction segment are DEWALT, and LeatherCraft.
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