DUBLIN, December 01, 2021--(BUSINESS WIRE)--The "Sports Gloves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
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$1.7 Billion by 2027, growing at a CAGR of 3.5% over the analysis period 2020-2027.
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. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Baseball Gloves segment is readjusted to a revised 3.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $432.8 Million, While China is Forecast to Grow at 6% CAGR
The Sports Gloves market in the U.S. is estimated at US$432.8 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$188.4 Million by the year 2027 trailing a CAGR of 6% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.
Hockey Gloves Segment to Record 3.7% CAGR
In the global Hockey Gloves segment, USA, Canada, Japan, China and Europe will drive the 3.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$183.4 Million in the year 2020 will reach a projected size of US$228.3 Million by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$175 Million by the year 2027, while Latin America will expand at a 5.3% CAGR through the analysis period.
Select Competitors (Total 38 Featured) -
Adidas America Inc
All-Star Sporting Goods
AML Group Ltd
Everlast Worldwide Inc
Gloves n Gloves
Grays of Cambridge
SELECT SPORT A/S
TH-SPORT (H.K.) Ltd
Under Armour Inc
Wilson Sporting Goods
Key Topics Covered:
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
Influencer Market Insights
World Market Trajectories
Gloves: An Important Protective Gear for Athletes & Hobbyist Sportsmen
COVID-19 Disrupts Business-as-Usual Market Opportunities
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
Recent Market Activity
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
Redoubled Focus on Immunity & Health in COVID-19 Times to Increase Participation in Sports in the Post COVID-19 Period
Increase in Gym Enrollments Post COVID-19 Will Bring Back Opportunities Currently in Hiatus
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
Sports Tourism to Emerge Into a Big Opportunity Post COVID-19
Major Sports Tourism Destinations Will be Top Markets for Sports Glove Sales
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/gyqkng
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005821/en/
Laura Wood, Senior Press Manager
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