Dublin, May 11, 2023 (GLOBE NEWSWIRE) -- The "Sports Gloves: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Sports Gloves Market to Reach $2 Billion by 2030
The global market for Sports Gloves estimated at US$1.4 Billion in the year 2022, is projected to reach a revised size of US$2 Billion by 2030, growing at a CAGR of 3.8% over the analysis period 2022-2030.
Boxing Gloves, one of the segments analyzed in the report, is projected to record a 4.4% CAGR and reach US$743.5 Million by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Baseball Gloves segment is readjusted to a revised 3.4% CAGR for the next 8-year period.
The U.S. Market is Estimated at $461.2 Million, While China is Forecast to Grow at 6.3% CAGR
The Sports Gloves market in the U.S. is estimated at US$461.2 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$230.1 Million by the year 2030 trailing a CAGR of 6.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.3% and 3.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$212.4 Million by the year 2030.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 265 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $1.4 Billion |
| Forecasted Market Value (USD) by 2030 | $2 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
MARKET OVERVIEW
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
- Gloves: An Important Protective Gear for Athletes & Hobbyist Sportsmen
- COVID-19 Disrupts Business-as-Usual Market Opportunities
- 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
- The Worst Affected by the Pandemic, the U.S. Sports Industry Takes it on the Chin
- Cancellation of Live Sporting Events Hurts Market Prospects
- Closure of Gyms Impacts Demand for Fitness/Gym Gloves
- COVID-19 Outbreak Freezes the Tourism Industry. Vacation Sports Comes to an Abrupt Halt Adding to Market Woes
- Sharp Decline in the Number of Tourists Impacts Tourism Related Retail Trade
- Recent Market Activity
- World Brands
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
- 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: Number of Wild Animal Species Traded Annually Worldwide
- 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
- 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
- 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
FOCUS ON SELECT PLAYERS(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
For more information about this report visit https://www.researchandmarkets.com/r/jby6qm
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