Sports Hand Gloves Market Sports Hand Gloves Market | Page 2

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 a cquisitions
among industry participants are predicted to positively affect market performance across the globe.
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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.
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.
The key players in the sports hand gloves market are Adidas Group AG, Everlast Worldwide, Inc., Grays
International Ltd., Mizuno Co., Nike, Inc., and Under Armour Inc.
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