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How Big Is The Golf Gloves Market? | Grand View Research Inc.

How Big Is The Golf Gloves Market? | Grand View Research Inc.

September 02
20:29 2020
How Big Is The Golf Gloves Market? |  Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting
The global golf gloves market size was estimated at USD 310.0 million in 2019 and is expected to reach USD 285.2 million in 2020.

The global golf gloves market is expected to witness USD 396.8 million by 2027 at a CAGR of 3.13%, according to the new report by Grand View Research, Inc. Technological advancements are encouraging the development of novel products for the sport. Additionally, the use of communication technologies like Bluetooth and GPS have also increased the prominence of golf in elite class.

Golf is recognized as a universal sport mainly played by professionals. Although there has been a huge rise in the number of amateur golfers, the demand for professional game still remains high. In the past few years, international golf tournaments went boom. This has added to the popularity of the sport right from grass-root level to the top. Therefore, the demand for golf gloves have witnessed a spike owing to the rise in number of newcomers.

In the recent years, the demand for golf gloves witnessed a moderate demand as the sport is played as a leisure activity. In addition, the market has also gone through various transformation such as technique advancement and golf accessories. The increased number of newcomers has directly influenced the market growth.

Covid-19 Effect:

Amid the lockdown and novel coronavirus pandemic, the sports industry has come to a standstill as major sport events have been temporarily suspended. From the manufacturing perspective, it has brought the manufacturing sector to halt since the production units are working with a limited capacity adhering to Government norm and regulations. On this background, the demand for golf gloves or any other sports accessories has almost diminished since the first quarter of 2020. Therefore, going forward, it can be anticipated that the situation would continue longer thereby affecting the sports industry.

The U.S. golf gloves market size

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Further Findings from the Report Suggest:

l  Based on product, individual golf gloves segment exhibited a high share contributing to the revenue share. In 2019, the segment accounted for a significant market size and continues to maintain a high dominance

l  Promotional golf gloves are likely to exhibit a steady growth in the coming years due to conduct of tournaments and participation of sponsors and advertisers

l  North America accounted for a significant share in 2019 and continues to retain a high dominance based on product innovation

l  Asia Pacific is an emerging market for golf gloves basis the high availability and viability of sport products

Global golf gloves market share

 

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Golf Gloves Market Segmentation

Grand View Research has segmented the global golf gloves market based on type, distribution channel, and region:

Golf Gloves Type Outlook (Revenue, USD Million, 2016 – 2027)

  • Individual

  • Institutional

  • Promotional

Golf Gloves Regional Outlook (Revenue, USD Million, 2016 – 2027)

  • North America

    • The U.S.

  • Europe

    • The U.K.

    • Germany

  • Asia Pacific

    • China

    • Japan

    • Australia

  • Central & South America

    • Brazil

  • Middle East & Africa

    • Saudi Arabia

Major Players:

l  SRIXON

l  Under Armour Inc

l  Zero Friction

l  TAYLORMADE GOLF COMPANY Inc

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