DUBLIN, Oct. 16, 2023 /PRNewswire/ — The “Sports Gloves – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Sports Gloves is witnessing steady growth, with an estimated value of US$1.4 billion in 2022. Projections indicate that this market will reach a size of US$2 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.8% over the analysis period from 2022 to 2030.
The Boxing Gloves segment is set to record a CAGR of 4.4% and is expected to reach US$743.5 million by the end of the analysis period, while the Baseball Gloves segment is estimated to grow at a CAGR of 3.4% over the next eight years.
Key Players
The report features a comprehensive analysis of the Sports Gloves market, including prominent players such as Amer Sports Corporation, Extra Innings, Inc., Drop Boxing & Athletic Wellness Inc., Bionic Gloves, 1byone, Inc., Easton Diamond Sports, LLC, Errea` Sport S.P.A., DIAMOND SPORTS, Concept Sport Company Limited, Amer Sports Italia S.p.A., Catsports, Adastria Company Limited, Aquilinas Importing Pty Limited, Cala Del Forte, and Celgene Corporation, with a total of 38 featured competitors.
Regional Insights
- The Sports Gloves market in the U.S. is estimated at US$461.2 million in 2022.
- China, the world’s second-largest economy, is forecasted to reach a projected market size of US$230.1 million by 2030, with a CAGR of 6.3% from 2022 to 2030.
- Japan and Canada are expected to grow at 2.3% and 3.5%, respectively, over the 2022-2030 period.
- Germany in Europe is forecasted to grow at approximately 2.9% CAGR.
Economic Outlook
The global economic outlook is showing signs of improvement, with a gradual recovery anticipated for the current year and beyond. Despite some challenges, such as uncertainty related to the war in Ukraine, slower-than-expected