Global Sports Hand Gloves Market 2018-2022
About Sports Hand Gloves
Sports hand gloves are one the protective gears used in various sports. They are padded leather coverings for hands with separate sections for each of the fingers and the thumb.
Technavio’s analysts forecast the Global Sports Hand Gloves Market will post a revenue of more than USD 1,611 million by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global sports hand gloves market. To calculate the market size, the report considers the revenue generated from the sales of boxing gloves.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Sports Hand Gloves Market 2018-2022
Technavio recognizes the following companies as the key players in the global sports hand gloves market: adidas Group, Everlast Worldwide, Grays of Cambridge, Under Armour, MIZUNO Corporation, and Nike.
Commenting on the report, an analyst from Technavio’s team said: “One trend affecting this market is the surge in innovative sports hand gloves. A growing interest in sports activities will most likely encourage key vendors to innovate and introduce new products and sports gear for different sporting events over the next five years. The demand and need for better production techniques and comfortable and convenient products, which reduce production costs for vendors, provide them high-profit margins. Vendors worldwide are coming up with new products for different sporting tournaments, which can significantly affect market dynamics over the next five years.”
According to the report, one driver influencing this market is the development programs to increase participation. Many development programs are aimed at increasing participation in field hockey. Some of those development programs are Long Term Hockey Development, Play It Forward program, Growth the Game campaign, Hockey Northern Territory development plan 2015-2018, and One Million Hockey Legs. Thus, with the increase in the number of development programs, demand and growth of sports equipment including sports hand gloves market will increase during the forecast period.
Further, the report states that one challenge affecting this market is the lack of required infrastructure. Not all countries have the required infrastructure to support all types of sports, and most people of one respective country pursue the sport that enjoys the maximum popularity in that specific country. Hence, the market for other sports in that country becomes hugely limited and handicapped in terms of revenue growth. As a result of which, sports that could have gained immense popularity in a particular region remains stinted and under-developed.
Grays of Cambridge
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook