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Global Sports Gloves Industry to 2027 - Sports Tourism to Emerge Into a Big Opportunity Post COVID-19 - ResearchAndMarkets.com

·4 min read

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

  • 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

  • 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

  • World Brands

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

IV. COMPETITION

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/

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