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DUBLIN, December 01, 2021– (BUSINESS WIRE) – The report “Sports Gloves – Global Market Trajectory & Analytics” has been added to ResearchAndMarkets.com offer.
Amid the COVID-19 crisis, the global sports gloves market estimated at US $ 1.3 billion in 2020 is expected to reach a revised size of US $ 1.7 billion by 2027, with a CAGR of 3.5% over the 2020-2027 analysis period.
Boxing gloves, one of the segments analyzed in the report, is expected to register a CAGR of 4.1% and reach $ 641.9 million by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the baseball glove segment is readjusted to a revised CAGR of 3.1% for the next 7-year period.
The US market is estimated at $ 432.8 million, while China is expected to grow at 6% CAGR
The sports gloves market in the United States is estimated at US $ 432.8 million in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 188.4 million by 2027, with a CAGR of 6% over the analysis period 2020 to 2027. Other notable geographies include Japan and Canada, each forecasting growth of 2.1% and 3.2% respectively during the period 2020-2027. In Europe, Germany is expected to grow at a CAGR of around 2.7%.
Hockey Gloves Segment to Record 3.7% CAGR
In the global hockey glove segment, the United States, Canada, Japan, China and Europe will lead the estimated 3.2% CAGR for this segment. These regional markets representing a combined market size of US $ 183.4 million in 2020 will reach a projected size of US $ 228.3 million by the end of the analysis period.
China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach US $ 175 million by 2027, while Latin America will grow at a CAGR of 5.3% during the analysis period.
Selected Competitors (Total 38 featured) –
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Adidas America Inc
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All-Star Sporting Goods
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AML Group Ltd.
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Everlast in the world inc
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Gloves n Gloves
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Cambridge Gray
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Hirzl SA
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Open air kathmandu
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Mizuno Company
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Nike Inc
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Rawlings
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SELECT SPORT A / S
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TH-SPORT (HK) SA
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Under Armor Inc
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Wilson Sporting Goods
Main topics covered:
I. METHODOLOGY
II. ABSTRACT
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Overview of the influencer market
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Global market trajectories
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Gloves: an important protective equipment for athletes and amateur sportspeople
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COVID-19 disrupts business as usual market opportunities
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Cancellation of live sporting events hurts market outlook
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Closure of gyms impacting demand for fitness / gym gloves
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The COVID-19 epidemic freezes the tourism industry. Holiday sports abruptly stop, exacerbating market problems
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Recent market activity
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Brands of the world
2. FOCUS ON CERTAIN PLAYERS
3. MARKET TRENDS AND FACTORS
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Pandemic-induced increase in ‘home fitness’ sees partially offsetting increase in online sales of fitness gloves
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Redoubled focus on immunity and health in COVID-19 times to increase sports participation in the post COVID-19 era
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Rising gym enrollments after COVID-19 will bring back opportunities currently on hiatus
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Athleisure gloves to witness a return in popularity in the post COVID-19 period
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Manufacturers Focus on Design and Fabric Innovations to Combat Impact of COVID-19
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Increased adoption of cycling as a healthy pastime to increase sales of cycling gloves in the post COVID-19 period
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Covid-19 pandemic drives recreational cycling boom and will lead to increased demand for cycling gloves
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Sports tourism to become a big opportunity after COVID-19
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The main sports tourism destinations will be the main markets for the sales of sports gloves
4. WORLD MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETETION
For more information on this report, visit https://www.researchandmarkets.com/r/gyqkng
See the source version on businesswire.com: https://www.businesswire.com/news/home/20211201005821/en/
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