Dublin, July 14, 2022 (GLOBE NEWSWIRE) -- The "Sports Gloves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Sports Gloves Market to Reach $1.6 Billion by 2026
Amid the COVID-19 crisis, the global market for Sports Gloves estimated at US$1.3 Billion in the year 2020, is projected to reach a revised size of US$1.6 Billion by 2026, growing at a CAGR of 3.5% over the analysis period. Boxing Gloves, one of the segments analyzed in the report, is projected to record a 4.1% CAGR and reach US$641.9 Million by the end of the analysis period.
The U.S. Market is Estimated at $443.4 Million in 2021, While China is Forecast to Reach $178.6 Million by 2026
The Sports Gloves market in the U.S. is estimated at US$443.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$178.6 Million by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
The expected increase in gym enrollments will also benefit demand for gym gloves also known as fitness and workout gloves. With growing concerns over shared gym accessories like gloves and risk of infections, consumers will purchase their own gym gear and accessories. Gloves are often used during weightlifting and when operating other rope based equipment to prevent injuries, cuts and bruises to hands.
Select Competitors (Total 38 Featured) -
- Adidas America Inc
- All-Star Sporting Goods
- AML Group Ltd
- Everlast Worldwide Inc
- Gloves n Gloves
- Grays of Cambridge
- Hirzl AG
- Kathmandu Outdoor
- Mizuno Corporation
- Nike Inc
- Rawlings
- SELECT SPORT A/S
- TH-SPORT (H.K.) Ltd
- Under Armour Inc
- Wilson Sporting Goods
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Gloves: An Important Protective Gear for Athletes & Hobbyist Sportsmen
- Live Event Cancellations, Cutbacks on Tourism Related Sports Spend, Declines in Fan Spending on Pro Sports, Plummeting Sports TV Losses Shave Off US$69.9 Billion in Sports Revenues: Global Sports Revenues (In US$ Billion) for the Years 2019 & 2020
- The Worst Affected by the Pandemic, the U.S. Sports Industry Takes it on the Chin: Sports Revenue Loss in the United States (In US$ Billion) for the Year 2020 by Segment
- Cancellation of Live Sporting Events Hurts Market Prospects
- Closure of Gyms Impacts Demand for Fitness/Gym Gloves
- Sharp Decline in the Number of Tourists Impacts Tourism Related Retail Trade
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Pandemic Induced Rise of "At Home Fitness" Sees a Partially Offsetting Rise in Online Sales of Fitness Gloves
- COVID-19 Catalyzes Retail Digitalization & Brings Online Sales of Gloves Into the Spotlight: % of Internet Users Who Have Migrated to Online e-Commerce Platforms During the COVID-19 Pandemic
- Redoubled Focus on Immunity & Health in COVID-19 Times to Increase Participation in Sports in the Post COVID-19 Period
- Continued Rise in Wildlife Trade & Increased Frequency of Future Pandemics Trigger Long-Term Focus on Health, Fitness & Immunity Building
- Increase in Gym Enrollments Post COVID-19 Will Bring Back Opportunities Currently in Hiatus
- Increase in Gym Memberships in Post COVID-19 Period to Benefit Sales of Gym Gloves: Number of Enrollments in Health & Fitness Clubs (In 000s) for the Years 2021 & 2033
- Athleisure Gloves to Witness a Comeback in Popularity in the Post COVID-19 Period
- Manufacturers Focus on Design & Fabric Innovations to Combat the Impact of COVID-19
- Increased Adoption of Cycling as a Healthy Hobby to Push Up Sales of Cycling Gloves in the Post COVID-19 Period
- Covid-19 Pandemic Leads to Recreational Cycling Boom & Will Lead the Spike in Demand for Cycling Gloves
- More Cyclists Means More Sales of Cycling Gloves: Bicycle Travel Per Inhabitant Per Year (In Km) by Country for the Year 2021
- Sports Tourism to Emerge Into a Big Opportunity Post COVID-19
- Major Sports Tourism Destinations Will be Top Markets for Sports Glove Sales
- Expansion of Sports Tourism in the Post COVD-19 Period to Spur Sales of Sports Tourism Goods & Services Including Gloves: Global Market for Sports Tourism (In US$ Trillion) for the Years 2021, 2023 & 2025
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/hcikoy
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