What is driving the growth of the lacrosse equipment market. How is innovation impacting product development. What are the key segments and regional trends shaping the industry. What is the market size projected to reach by 2028.
Overview of the Lacrosse Equipment Market
The lacrosse equipment market is experiencing significant growth, with the global market size projected to reach US$ 423 million by 2028, up from US$ 293.4 million in 2022. This represents a compound annual growth rate (CAGR) of 6.50% during the forecast period of 2023-2028.
Lacrosse, a sport that combines elements of basketball, soccer, and hockey, requires specialized equipment for play. The essential gear includes:
- Crosse (stick) – composed of a head and handle
- Protective equipment – helmets, gloves, shoulder pads, arm guards, rib protectors
- Balls
- Accessories
Key Drivers of Market Growth
Several factors are contributing to the robust growth of the lacrosse equipment market:
- Rising popularity of lacrosse leagues, clubs, and tournaments
- Increasing number of endorsement deals and brand sponsorships
- Greater media coverage via traditional and digital platforms
- Innovation and product development by manufacturers
- Growing investments in grassroots development programs
- Rising disposable incomes and increased spending on sporting goods
Market Segmentation Analysis
By Type
The lacrosse equipment market can be segmented into the following categories based on product type:
- Protective Gears
- Lacrosse Sticks
- Lacrosse Balls
- Accessories
Each segment caters to specific player needs and preferences, with manufacturers focusing on innovation and customization to gain a competitive edge.
By Application
The market is divided into two main application segments:
- Male
- Female
With the growing participation of women in lacrosse, manufacturers are developing equipment specifically designed for female players, taking into account ergonomic and performance considerations.
By Distribution Channel
Lacrosse equipment is available through various distribution channels:
- Sporting Goods Retailers
- Department Stores, Hypermarkets, and Supermarkets
- Online Retail
The rise of e-commerce has significantly impacted the distribution landscape, with online retail gaining popularity due to convenience and a wide selection of products.
Regional Market Analysis
The global lacrosse equipment market is segmented into the following regions:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
North America currently dominates the market, with the United States being the largest consumer of lacrosse equipment. However, other regions are showing promising growth as the sport gains popularity worldwide.
Innovation and Product Development Trends
Innovation plays a crucial role in driving the lacrosse equipment market forward. Manufacturers are focusing on developing products that enhance player performance and safety. Some key trends include:
- Lightweight materials for improved agility
- Advanced protective technologies in helmets and pads
- Customizable sticks for personalized play
- Smart equipment with integrated sensors for performance tracking
- Sustainable and eco-friendly manufacturing processes
How are these innovations impacting player performance? Advanced materials and designs are allowing for greater speed and maneuverability on the field, while improved protective gear is reducing the risk of injuries. Smart equipment is enabling players and coaches to analyze performance data and make data-driven improvements to their game.
Key Players in the Lacrosse Equipment Market
The lacrosse equipment market is characterized by the presence of several established players and emerging companies. Some of the key market participants include:
- CHAMPRO
- ECD Lacrosse
- Epoch Lacrosse
- Maverik Lacrosse LLC
- Nike Inc.
- Pro Sports Equip
- Savage X Lacrosse LLC
- StringKing Inc
- STX LLC
- Warrior Sports Inc. (New Balance Athletics, Inc.)
These companies are actively engaged in product development, marketing strategies, and expanding their distribution networks to gain a competitive advantage in the market.
Challenges and Opportunities in the Lacrosse Equipment Market
While the lacrosse equipment market is experiencing strong growth, it also faces certain challenges:
- High cost of premium equipment limiting accessibility
- Seasonal nature of the sport affecting sales patterns
- Competition from other sports for player participation
- Regulatory requirements for safety standards
However, these challenges also present opportunities for market players:
- Development of more affordable equipment lines
- Expansion into emerging markets where lacrosse is gaining popularity
- Cross-seasonal product diversification
- Investment in research and development for safer, high-performance gear
How can manufacturers address the issue of equipment affordability? One approach is to develop tiered product lines that cater to different price points without compromising on quality. Additionally, rental and subscription-based models for equipment could make the sport more accessible to new players.
Future Outlook and Market Projections
The lacrosse equipment market is poised for continued growth in the coming years. Factors contributing to this positive outlook include:
- Increasing participation rates, especially among youth and women
- Growing international popularity of lacrosse
- Potential inclusion of lacrosse in future Olympic Games
- Technological advancements in equipment design and manufacturing
- Rising health and fitness consciousness driving interest in sports
What impact could the inclusion of lacrosse in the Olympics have on the equipment market? Olympic recognition would likely lead to a surge in global interest and participation, potentially driving significant growth in equipment sales across both established and emerging markets.
As the market evolves, manufacturers and retailers will need to stay attuned to changing consumer preferences, technological advancements, and regulatory requirements to capitalize on growth opportunities and maintain a competitive edge.
Sustainability and Environmental Considerations
With increasing focus on environmental issues, the lacrosse equipment industry is also addressing sustainability concerns:
- Use of recycled and eco-friendly materials in product manufacturing
- Implementation of sustainable production processes
- Development of recyclable and biodegradable equipment components
- Initiatives for equipment refurbishment and recycling programs
How are these sustainability efforts impacting consumer choices? Environmentally conscious consumers are increasingly seeking out eco-friendly sporting goods, creating a market niche for sustainably produced lacrosse equipment. Manufacturers who prioritize sustainability in their product development and marketing strategies may gain a competitive advantage in this growing segment.
The Role of Technology in Enhancing Player Performance
Technology is playing an increasingly important role in the development of lacrosse equipment and player performance enhancement:
- Smart sticks with embedded sensors for shot analysis
- Wearable devices for tracking player movements and vitals
- Virtual reality training systems for skill development
- Advanced materials science for improved equipment durability and performance
- 3D printing for custom equipment fitting and prototyping
How are these technological advancements changing the game of lacrosse? By providing players and coaches with detailed performance data and advanced training tools, technology is enabling more targeted skill development and strategic gameplay. This trend is likely to continue, with future innovations potentially revolutionizing how the sport is played and how equipment is designed and manufactured.
As the lacrosse equipment market continues to evolve, driven by factors such as technological innovation, changing consumer preferences, and global expansion of the sport, it presents exciting opportunities for both established players and new entrants in the industry. The projected growth to US$ 423 million by 2028 underscores the potential for continued development and innovation in this dynamic market segment.
Lacrosse Equipment Market Size to Reach US$ 423 Million 2023-2028
PRESS RELEASE
Published July 5, 2023
IMARC
According to the latest report by IMARC Group, titled, “Lacrosse Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global lacrosse equipment market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights:
How big is the lacrosse equipment market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 293.4 Million |
| Market Forecast in 2028 | US$ 423 Million |
| Growth rate (2023 to 2028) | CAGR of 6.50% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is lacrosse equipment?
Lacrosse represents a sport that is usually played with small rubber balls and long-handled sticks.
The game requires players to exhibit agility, skill, and strategic thinking. Lacrosse equipment include a crosse. It is composed of a head and a handle and is commonly available in several lengths, thereby allowing players to choose a stick that suits their style of play. The head of the crosse comprises a pocket formed by interwoven strings that cradle the ball during play. This pocket enables players to carry, catch, and pass the ball with precision. Lacrosse equipment also consist of essential safety gear, such as helmets, gloves, shoulder pads, arm guards, rib protectors, etc. They safeguard the upper body and reduce the risk of injury during physical encounters.
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What are the growth prospects and trends in the lacrosse equipment industry?
The increasing number of endorsement deals, professional players, and brand sponsorships is primarily driving the lacrosse equipment market.
Additionally, the easy availability of media coverage via traditional and digital platforms is further bolstering the market growth. Besides this, the growing popularity of lacrosse leagues, clubs, and tournaments is acting as another significant growth-inducing factor. Moreover, leading manufacturers are focusing on innovation, product development, and customization, which is positively influencing the global market. Apart from this, the inflating expenditure capacities of individuals and the wide accessibility of lacrosse equipment through sporting goods retailers are also stimulating the market growth. Furthermore, the rising investments in grassroots development programs by government bodies across countries are anticipated to fuel the lacrosse equipment market over the forecasted period.
What is included in market segmentation?
The report has segmented the market into the following categories:
Type Insights:
- Protective Gears
- Lacrosse Sticks
- Lacrosse Balls
- Accessories
Application Insights:
- Male
- Female
Distribution Channel Insights:
- Sporting Goods Retailers
- Department Stores, Hypermarkets and Supermarkets
- Online Retail
Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- CHAMPRO
- ECD Lacrosse
- Epoch Lacrosse
- Maverik Lacrosse LLC
- Nike Inc.
- Pro Sports Equip
- Savage X Lacrosse LLC
- StringKing Inc
- STX LLC
- Warrior Sports Inc. (New Balance Athletics, Inc.), etc.
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Global Lacrosse Chest Protectors Market Demand, Future Trends, Size, Share and Outlook till 2030
The market research conducted by Global Lacrosse Chest Protectors Market offers an in-depth analysis of the global market, with a focus on future projections. The report is divided into various segments, each exploring the events and factors that are likely to impact the market in the coming years. To arrive at these projections, the report employs a combination of secondary research, primary interviews, and internal expert assessments, providing a thorough and reliable analysis.
Moreover, the report includes Porter’s Five Forces analysis that evaluates the competitive forces within the Global Lacrosse Chest Protectors Market, including the bargaining power of customers and suppliers, the threat of new entrants, the threat of substitutes, and the level of competition among existing competitors.
Additionally, the report provides insights into the market dynamics, including market drivers, challenges, and opportunities.
The report also covers the competitive landscape of the Global Lacrosse Chest Protectors Market, providing information on the key players and their market strategies. This information is crucial for businesses to develop their own market strategies and make informed decisions to stay ahead of the competition.
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The research study includes profiles of leading companies operating in the Global Lacrosse Chest Protectors Market:
Shock Doctor, STX, Under Armour, Nike, Gait, Brine, Warrior, Epoch, Maverik
The study report offers a comprehensive analysis of Global Lacrosse Chest Protectors Market size across the globe as regional and country-level market size analysis, CAGR estimation of market growth during the forecast period, revenue, key drivers, competitive background, and sales analysis of the payers.
Along with that, the report explains the major challenges and risks to face in the forecast period. Global Lacrosse Chest Protectors Market is segmented by Type, and by Application. Players, stakeholders, and other participants in the global Global Lacrosse Chest Protectors Market will be able to gain the upper hand as they use the report as a powerful resource.
This report also covers Analysis based on SWOT Analysis, providing the Strengths, Weaknesses, Opportunities, and Threats for a better understanding of the market. Also, the Porter Five Forces Model for the Global Lacrosse Chest Protectors Market will be provided.
Global Lacrosse Chest Protectors Market by Type
- Standard Chest Protectors
- Custom Chest Protectors
Global Lacrosse Chest Protectors Market by Application
- Youth Player
- High School Player
- College Player
- Professional Player
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Regional Analysis Covered in this report:
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Reasons Why You Should Buy This Report:
- To gain an in-depth understanding of the Global Lacrosse Chest Protectors Market
- To obtain research-based business decisions and add weight to presentations and marketing strategies
- To gain competitive knowledge of leading market players
- It gives a pinpoint investigation of changing rivalry elements and keeps you in front of contenders.
- It helps in settling on educated business choices by having total bits of knowledge of the market and by making inside and out an investigation of market sections.
Table of Contents:
1. Introduction of the Global Lacrosse Chest Protectors Market
- Overview of the Market
- Scope of Report
- Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
- Data Mining
- Validation
- Primary Interviews
- List of Data Sources
4. Global Lacrosse Chest Protectors Market Outlook
- Overview
- Market Dynamics
- Drivers
- Restraints
- Opportunities
- Porters Five Force Model
- Value Chain Analysis
5. Global Lacrosse Chest Protectors Market, By Product
6. Global Lacrosse Chest Protectors Market, By Application
7. Global Lacrosse Chest Protectors Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
8.
Global Lacrosse Chest Protectors Market Competitive Landscape
- Overview
- Company Market Ranking
- Key Development Strategies
9. Company Profiles
10. Appendix
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“Fell very low in the eyes.” How a special operation in Ukraine collapsed the quotes of Russia’s main hope in the NHL For a long time, he was considered the favorite of the 2023 draft, but in the end he did not even enter the top 5. About the reasons for what happened – in the material “RBC Sport”
Matvey Michkov
(Photo: Global Look Press)
Russian forward Matvey Michkov was one of the most talked about players in the 2023 National Hockey League (NHL) Draft long before it began. From the age of 14, he began to beat all sorts of records in youth leagues. From the age of 16, they began to talk about the young forward as a future star.
The Youth Olympic Games 2020 brought him wide popularity. In Lausanne, Switzerland, he became the most productive player of the tournament with 14 points (9+5) in four games. In the same season, as part of the junior team of Lokomotiv, he scored 109 points (70 + 39) in 26 games, becoming the top scorer of the season. After such a successful season, the forward with a scandal moved from Lokomotiv to SKA, breaking the contract with the Yaroslavl club.
A year later, he broke the record for performance in the Youth Hockey League (MHL), which belonged to the current NHL star Nikita Kucherov. At that time, Michkov was 16 years old, while in the MHL mostly 18-20-year-olds play.
adv.rbc.ru
Meanwhile, Canadian forward Connor Bedard has been under the same scrutiny since the age of 13. In 2021, they met at the Junior World Championship, which experts considered as a confrontation between the main favorites of the 2023 draft – Bedard vs.
Michkov.
The Russian eventually became the best sniper, scorer and MVP of the tournament, while Bedard won gold. Canada defeated Russia in the final, with both players scoring goals and assists, although more was expected of them.
In 2021, Michkov made his debut with SKA. In the second match, he was promoted to the first link. But he scored his first points in the third game, where he scored a double and an assist. The forward was the first player born in 2004 to take to the ice in a meeting of the Kontinental Hockey League (KHL).
Photo: Global Look Press
In November 2021, at the age of 16 years 11 months and two days, he made his debut for the national team against Finland, becoming the youngest player in the history of the Russian/USSR national teams.
Two days later, Michkov scored a lacrosse-style goal against Sweden, becoming the youngest scorer in Russia/USSR (16 years 11 months and four days). For many years this title was held by Alexander Ovechkin (17 years 11 months).
Michkov fell out of the top 3 a few months before the start of the draft. In recent days, it has been reported that he will be taken as number five by the Montreal Canadiens. However, in the end, he went seventh to the Philadelphia Flyers, without even becoming the first among the Russians.
Since the 2022/23 season, the carefree period of Michkov’s career has ended. He was ousted from the SKA, and after the start of the military operation in Ukraine, the prospects for an NHL player became less clear.
From the first half of 2022, talk about choosing Michkov as the first number stopped. This is largely due to the fact that Russia has been excluded from almost all international competitions, and the junior and youth world championships are the main showcase in the hockey world.
Photo: Reuters
The importance of participating in these tournaments was also noted by the assistant general manager of the Washington Capitals, Ross Mahone. “There are a lot of similarities between Michkov and Bedard, including dimensions.
Both are dynamic snipers. It is a pity that Michkov could not play at the World Youth Championship and show himself the way Bedard did, but such is the situation, ”he said.
According to Montreal GM (fifth pick in the draft) Kent Hughes, one of the reasons Michkov was turned down was the inability to watch games live with the player. “There are so many factors influencing the decision, one of which is that we never got to see him play [live],” Hughes said. “We rely a lot on video, but not exclusively on video. Undoubtedly, there were many factors, but one of them was definitely that we did not get to see him play.
According to leading NHL expert Bob McKenzie, a number of club owners have placed a ban on Michkov’s selection. In particular, Montreal General Manager Kent Hughes does not hide the fact that “there is a geopolitical aspect in the situation with Russian players.”
Buffalo Sabers General Manager (13) Kevin Adams, speaking of Michkov, said, “If you’re just blind to what’s going on in the world, I think you’re making mistakes.
” “You have to be aware of everything and take it all into account,” he added.
The general manager of one of the NHL teams in an anonymous poll by The Athletic also named the geopolitical factor among the reasons why he would refuse to select Michkov. “I would have let someone else draft him,” the team leader said. “With his skating, his one-sided play and his demeanor, it would be too much of a risk for me to take him early in the draft. And that’s before I get to the obvious things – the situation in Ukraine and his contract [with the KHL club].”
San Jose Sharks general manager Mike Grier also noted that the club had “some concerns” about Michkov. He did not elaborate on what concerns he was talking about. “He has a special talent on the ice, there is no doubt about that. Super proficient, can do things other players can’t. But there are some things that we weren’t happy with,” Grier said.
Matvey Michkov
(Photo: Global Look Press)
In addition to the geopolitical situation, almost all managers called Michkov’s current contract with SKA one of the main disadvantages.
The player’s current agreement with SKA expires in 2026. By this time he will be only 21 years old. But no one can guarantee that Michkov will move to the NHL after the expiration of the contract. Therefore, choosing a player with a KHL contract in the top 5 draft picks is a big risk.
The geopolitical factor again comes to the fore in this issue, because after the start of the military operation in Ukraine, the NHL suspended relations with the KHL, and therefore the memorandum on mutual respect for the players’ contracts was also suspended.
In addition, the story of the goalkeeper of the Russian national team Ivan Fedorov, who was detained in the summer of 2022 before leaving for the Philadelphia Flyers and sent to the army for military service, is still fresh.
Michkov’s behavior also played an important role. In particular, the Russian striker refused interviews with almost all clubs and participation in the combine (physical training tests before the draft).
These events are important in all North American leagues.
“Michkov could be called the biggest mystery in this draft,” said Canadian TSN correspondent and hockey insider Chris Johnston before the start.
Michkov’s talent is obvious to scouts who have seen him, but he hasn’t been tested in Buffalo and his association with NHL clubs has been limited, Johnston said.
“A lot of people in the league think he’s going to fall somewhere in the fifth or eighth position. That is, we are talking about Montreal with the fifth pick, Arizona with the sixth, Philadelphia with the seventh and Washington with the eighth, he added. “It is these teams that will have to decide what to do with Michkov.”
In turn, Andrey Nikolishin, scout for the Washington Capitals in Russia, spoke about Michkov’s “disrespectful attitude” towards people. “For me, by skill, he is the first or second choice (in the draft. — RBC ). But in terms of character, in relation to teammates, coaching staff, management, fans, the person has now fallen very low in the eyes of all scouts, all managers, ”he said.
