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According to a newly published report by Informes de Expertos, titled “Informe del Mercado Latinoamericano de Materiales de Equipos de Protección Deportiva y Pronóstico 2020-2026”, it is estimated that the sports protective equipment materials market in Latin America will grow at a CAGR of around X% during 2020-2026. One of the important trends that is shaping the market is the rising interest of the Latin Americans in sport-related activities. Other factors contributing to the steady market growth include celebrity endorsements, rising disposable incomes, increase in consumers’ purchasing power, growing consumer awareness about the benefits of practicing sports, among many others. However, just like every industry, the sports protective equipment materials industry has also been impacted by the ongoing pandemic. Many national and international events have been cancelled or stalled due to COVID-19, but a steady recovery of the market is expected in the forecast period.
