Market New Research Sports Hand Gloves Market Size,Drivers,Opportunity | Página 2

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.
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.
In addition, lowering cost of the sports hand gloves in Asia-Pacific market is expected to augment market demand in
near future. The recent development of innovative manufacturing technologies that are increasingly adopted by
leading industry players, has led to production of high performing and comfortable sports hand gloves. Presence of
both offline and online distribution channels are projected to stimulate market demand. Moreover, rapid growth of
e-commerce industry, leading to higher market penetration for sports hand gloves market is expected to play vital
role in exponential industry growth over the forecast period.
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The market is broadly categorized into five major segments based on the product type such as boxing gloves, baseball
gloves, soccer gloves, hockey gloves, and cricket gloves. The boxing gloves is considered as one of the rapid growing
segment in the market with substantial revenue generation in the last few years. Growing popularity of the boxing
gloves segment is attributed to the rising sports activities in the North America and Asia Pacific region.
The market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has
shown major growth in recent years owing to the rise in the implementation of latest technologies in sportswear
sector, rising enthusiasm for various sports events, increasing per capita income, growing penetration of e-commerce
websites, increase in the number of research & development activities in the region and existence of well-established
industrial infrastructure.
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.