The
global sports hand gloves market is expected to display higher growth rate over the
next five years. The market is subject to witness a substantial growth due to
the rising enthusiasm towards sporting events, increasing focus towards fitness
activities, and growing penetration of retail e-commerce sector across the
globe. Additionally, rising disposable income and health consciousness among
young population in both developed and developing economies worldwide are
anticipated to drive the growth of the market over the forecast period.
Changing
lifestyle patterns and increasing participation in sports related activities by
young population are estimated to fuel market growth in upcoming years.
Increasing awareness about health benefits associated with sports and fitness
activities such as improved health and reduced the risk of chronic disorders
are boosting market demand of sports hand gloves. Additionally, sports and
fitness activities helps to limit depression, cardiovascular diseases and
diabetes. Such factors are leading to the soaring demand of sports-related equipment.
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Furthermore,
increasing use of organic cotton owing to the growing environmental concerns is
expected to drive the growth of sports hand gloves market over the next seven
years. Growing adoption of water-based adhesives and recycled plastic materials
rather than conventional leather, synthetic rubber, polyurethane, nylon, and
other synthetic materials during various production activities are anticipated
to boost market demand in the upcoming years.
Recent
product innovation and development of non-toxic, green material such as
thermoplastic elastomer are gaining widespread popularity among end-users, thus
fostering the growth of the market over the forecast period. Latest trend
associated use of eco-friendly raw materials is major contributing factor for
robust market growth in the upcoming years. Increase in number of mergers,
partnerships and acquisitions among industry participants are predicted to
positively affect market performance across the globe.
Asia-Pacific
region is predicted to hold major market share in the sports hand gloves market
with massive growth in forecast period. Countries such as India, China and
Singapore are leading the Asia-Pacific market with strong economic growth,
rising per capita income, rising preference towards sports, fitness, and
adventure activities and significant investment by leading industry players
considering potential growth opportunities in the region.
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Market Segment:
The various contributors involved in the
value chain of Sports Hand Gloves include manufacturers, suppliers,
distributors, intermediaries, and customers. The key manufacturers in the
Sports Hand Gloves include
•
Adidas Group
•
Nike
•
Under Armour
•
Mizuno Corporation
•
Everlast Worldwide
•
Grays of Cambridge
Market size split by Region
•
North America
•
United States
•
Canada
•
Mexico
•
Asia-Pacific
•
China
•
India
•
Japan
The key points of this report are:
•
To study and analyze the global Sports Hand Gloves market size (value &
volume) by company, key regions/countries, products and application, history
data from 2013 to 2017, and forecast to 2025.
•
To understand the structure of Sports Hand Gloves market by identifying its
various subsegments.
•
To share detailed information about the key factors influencing the growth of
the market (growth potential, opportunities, drivers, industry-specific
challenges and risks).
•
Focuses on the key global Sports Hand Gloves manufacturers, to define, describe
and analyze the sales volume, value, market share, market competition
landscape, SWOT analysis and development plans in next few years.
•
To analyze the Sports Hand Gloves with respect to individual growth trends, future
prospects, and their contribution to the total market.
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