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Global Market for Sports Gloves

Dublin, July 14, 2022 (GLOBE NEWSWIRE) -- The "Sports Gloves - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Sports Gloves Market to Reach $1.6 Billion by 2026
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$1.6 Billion by 2026, growing at a CAGR of 3.5% over the analysis period. 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.

The U.S. Market is Estimated at $443.4 Million in 2021, While China is Forecast to Reach $178.6 Million by 2026
The Sports Gloves market in the U.S. is estimated at US$443.4 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$178.6 Million by the year 2026 trailing a CAGR of 6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.1% and 3.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 2.7% CAGR.

The expected increase in gym enrollments will also benefit demand for gym gloves also known as fitness and workout gloves. With growing concerns over shared gym accessories like gloves and risk of infections, consumers will purchase their own gym gear and accessories. Gloves are often used during weightlifting and when operating other rope based equipment to prevent injuries, cuts and bruises to hands.

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

• Live Event Cancellations, Cutbacks on Tourism Related Sports Spend, Declines in Fan Spending on Pro Sports, Plummeting Sports TV Losses Shave Off US$69.9 Billion in Sports Revenues: Global Sports Revenues (In US$ Billion) for the Years 2019 & 2020

• The Worst Affected by the Pandemic, the U.S. Sports Industry Takes it on the Chin: Sports Revenue Loss in the United States (In US$ Billion) for the Year 2020 by Segment

• Cancellation of Live Sporting Events Hurts Market Prospects

• Closure of Gyms Impacts Demand for Fitness/Gym Gloves

• Sharp Decline in the Number of Tourists Impacts Tourism Related Retail Trade