Knee Pad Market is Dazzling Worldwide | McDavid, Honeywell International, Ergodyne, Nike
A latest study released by Advance Market Analytics on Global Knee Pad Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Knee Pad market. The study provides historical data (i.e. Volume** & Value) from 2014 to 2018 and forecasted till 2026*. Some are the key & emerging players that are part of coverage and have being profiled are Ergodyne (United States), Honeywell International Inc. (United States), McDavid (United States), Nike, Inc. (United States), Allegro Industries Inc (United States), ALTA Industries (United States), Custom LeatherCraft Manufacturing LLC (United States), KP Industries (United States), Arc’teryx (Canada) and ASICS (japan).
Knee pads help to protect them against impact injury or to provide padding for extended kneeling. Knee pads are also used in many sporting and recreational activities such as cycling, skateboarding, rollerskating, cricket, etc. The self-adjustment knee pads with sweat and odor control boosting the knee pad market.
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Market Trend
- Demand for Self-adjustment Knee Pads with Sweat and Odor Control
Market Drivers
- Rising Number of Automobiles on Roads and Poor Road Infrastructure across the World
- Growing Consciousness about Safety among Population
Opportunities
- Rising Demand for Innovative Products in terms of Technology and Design
Restraints
- Presence of Stringent Government Regulations
Challenges
- Fluctuation in the Price of Raw Material
1. Steady growth, expanding margins
Some of the players have a stellar growth track record. From 2014 to 2018, the company have shown enormous sales figures, while net income more than doubled in same period with operating as well as gross margins expanding. The rise in gross margins over the year’s points to strong pricing power by the company for its products, over and above the increase in the cost of goods sold.
2. Industry growth prospects and market share
According to AMA, key business segments sales will cross the $$ mark in 2020. Unlike classified segments popular in the industry i.e. by Type (Basic Knee Pad, Industrial Knee Pad, Military Knee Pad, Sports Knee Pad), Application (Kids, Teenagers, Adults, Senior Citizens), Distribution Channel (Online, Offline), the latest 2020 version is further broken down / narrowed to highlight new emerging twist of the industry. Global Knee Pad market will grow from $XX million in 2018 to reach $YY million by 2026, with a compound annual growth rate (CAGR) of xx%. The strongest growth is expected in Asia-Pacific, where CAGR is expected to be ##% from 2019 to 2026. This forecast is good news for industry players, as there is good potential for them to continue growth alongside the industry’s projected growth.
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3. Ambitious growth plans & rising competition?
Industry players have ambitious plans to introduce a whole host of new products into various markets around the world. Some examples are variant to be introduced in eight EMEA markets in Q4 2019 and 2020. Considering all round activities some of the players profiles that would be worth checking are Ergodyne (United States), Honeywell International Inc. (United States), McDavid (United States), Nike, Inc. (United States), Allegro Industries Inc (United States), ALTA Industries (United States), Custom LeatherCraft Manufacturing LLC (United States), KP Industries (United States), Arc’teryx (Canada) and ASICS (japan).
4. Where the Industry is today
Although recent year might not be that encouraging as market segments have shown modest gains, things could have been better if players would have plan ambitious move earlier. Unlike past, but with a decent valuation, investment cycle continuing to progress in the U.S., many growth opportunities ahead for the companies in 2020, it looks like a good for today but stronger returns can be expected beyond.
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Key Insights that Study is going to provide:
• Revenue splits by most promising business segments. [Type (Basic Knee Pad, Industrial Knee Pad, Military Knee Pad, Sports Knee Pad), Application (Kids, Teenagers, Adults, Senior Citizens), Distribution Channel (Online, Offline)] and any other business Segment if applicable within scope of report]
• Gap Analysis by Region. Country Level Break-up will help you dig out Trends and opportunity lying in specific area of your business interest.
• Market Share & Sales Revenue by Key Players & Emerging Regional Players. [Some of the players covered in the study are Ergodyne (United States), Honeywell International Inc. (United States), McDavid (United States), Nike, Inc. (United States), Allegro Industries Inc (United States), ALTA Industries (United States), Custom LeatherCraft Manufacturing LLC (United States), KP Industries (United States), Arc’teryx (Canada) and ASICS (japan)]
• A separate chapter on Market Entropy to gain insights on Leaders aggressiveness towards market [Merger & Acquisition / Recent Investment and Key Developments]
• Patent Analysis** No of patents / Trademark filed in recent years.
• Competitive Landscape: Company profile for listed players with SWOT Analysis, Business Overview, Product/Services Specification, Business Headquarter, Downstream Buyers and Upstream Suppliers.
** May vary depending upon availability and feasibility of data with respect to Industry targeted
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