Golf Gloves Market Increasing Demand with Leading Players to 2022

According to Fact.MR’s research report on the global golf gloves market, the market is anticipated to reach a value nearing US$ 200 Mn by 2022 reflecting a moderate CAGR during the forecasted period of 2017-2022.

Golf sport is played with a golf ball and a golf club on an extremely wide area called the golf course which has a random series of holes in which the ball needs to be out with the help of club by swinging it. Golf gloves are one of the accessories which a golfer uses. These gloves have several benefits such as warmth, protection from external agents such as cold and extreme heat, better grip, protection from blisters on palm and fingers, controlling sweat which stops the golf club from slipping, and an overall better feel while playing. These gloves come in different material, such as leather, synthetics, all-weather material and thermal gloves.

Individual Segment by Buyer Type Shows Dominance

The individual segment by buyer type reflects higher market share as of 2017 with a higher growth rate and is expected to reach a CAGR of 4.3% throughout the period of forecast. This trend is expected to continue over the entire period of forecast of 2017 to 2022, thereby reflecting dominance in the global golf gloves market by buyer type.

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North America at the Apex in the Global Market

North America region is expected to show higher market attractiveness index and is considered to be the most lucrative market. This region is expected to dominate the global golf gloves market in terms of revenue share and growing at a moderate growth rate. The Asia-Pacific excluding Japan (APEJ) region is anticipated to be the fastest growing region, yet has a lower market share by revenue as compared to North America. The main cause of APEJ to rise in this market is attributed towards the increasing disposable income and more riches opting for golf as a recreational sport and also intend to take care of their palm and fingers which could develop blisters, thereby contributing to the fast growth rate of golf gloves in the APEJ region.

Hybrid to Surpass in all Terms

The hybrid golf gloves segment by material type is expected to surpass other segments by material type with respect to growth rate as well as market share. The hybrid segment is anticipated to grow at a moderate growth rate, higher as compared to other segments and poised to register a CAGR of 4.3% during the period of forecast. This segment also expected to enjoy a gain in the BPS by the end of 2022 as well as a higher market share by revenue. The leather golf gloves segment is second in line, following hybrid segment, and experiences a moderate market share.

Competition Tracking

The report also profiles companies that are expected to remain active in the expansion of the global golf gloves market through 2022, which include Callaway Golf Company, Acushnet Holdings Corp., Under Armour, Inc., Mizuno Corporation, NIKE, Inc., Adidas AG, Amer Sports Corporation and 3M Company.

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