New product development for enhancing the comfort of players and increasing the number of retail sports stores around the world is fueling the market demand for golf gloves. For instance, in January 2021, Zero Friction launched CopperFlex Golf Gloves. The product has been introduced to enhance play for those players that have hand fatigue and soreness. Additionally, in 2018, Decathlon announced the opening of its stores in Victoria, Australia. Furthermore, the rising popularity of breathing material among consumers is expected to drive the market in the coming years. However, the use of non-disposable and harmful materials for product manufacturing leading to rising concern for environmental pollution may hinder the market during the forecast period.
Global Golf Gloves Market is valued approximately at USD 319.30 Million in 2020 and is anticipated to grow with a healthy growth rate of more than 3.13% over the forecast period 2021-2027 and is estimated to reach USD 396.18 million by 2027.
Asia Pacific, North America, Europe, Latin America, and the Rest of the World are the regions taken into consideration for regional analysis of the global Golf Gloves Market. North America is the dominating region across the world in terms of market share due to growing consumer interest in golf as a sport and the presence of well-established market players. Whereas Asia Pacific is anticipated to exhibit the highest CAGR over the forecast period 2021-2027, due to the availability of cheap labor and low production cost in the region
Major market players included in this report are Callaway Golf Company, Acushnet Holdings Corp, Under Armour Inc, TaylorMade Golf Company Inc, Mizuno Corporation, Amer Sports, 3M Company, Adidas AG, Nike Inc and Ping Inc.
The detailed segments and sub-segment of the market are explained below:
By Type: Individual golf gloves, Institutional golf gloves, Promotional golf gloves
By Distribution Channel: Offline, Online
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Bizwit Research & Consulting LLP