Negative Cut Soccer Goalkeeper Gloves Account for Over 40% Global Market Revenue Share: Fact.MR Study
Published : 03 Dec 2021 Industry: Sports
Newly-released soccer goalkeeper gloves market analysis by Fact.MR, a market research and competitive intelligence provider, reveals that the global market is expected to progress at a CAGR of 4% over the forecast period (2021 to 2031) and reach a valuation of US$ 4 Bn by 2031.
Gloves are an integral part of the overall gear of a soccer goalkeeper. In addition to protecting the fingers and palms against injury, goalkeeper gloves also help in achieving a firmer grip on the ball. Soccer goalkeeper gloves are generally produced by materials including leather-like material, Polyurethane (PU), and a variety of latex grades and are available in a number of variants, including roll finger, negative cut, flat palm, and hybrid cut.
Participation of the youth population in soccer has gained an uptick over the past couple of decades, leading towards high demand for equipment & accessories that are necessary for soccer players.
There is no evidence that gloves can completely prevent the hands of soccer goalkeepers from forearm and wrist injuries. This might further provide an opportunity for manufacturers of soccer goalkeeper gloves in coming up with advancements and innovations, guaranteeing complete safety to the hands of soccer goalkeepers.
Key Takeaways from Market Study
- Global soccer goalkeeper gloves market to top US$ 4 Bn by 2031.
- Negative cut goalkeeper gloves projected to reach around US$ 1.8 Bn by 2031.
- Hybrid cut goalkeeper gloves projected to record above 3% CAGR over the next 10 years.
- Market in Europe holds share of more than 40%.
- Market in Canada to record 2% CAGR over forecast period of 2021- 2031.
“Various amateur clubs across the globe are making it mandatory for goalkeepers to wear gloves to reduce the risk of injury. Focus on injury prevention is a favorable factor that is likely to provide an impetus to global sales of soccer goalkeeper gloves,” says a Fact.MR analyst.
Key manufacturers of soccer goalkeeper gloves have devised a standardized method for product creation in conformity with regulatory agencies to capture higher market share through exports.
Furthermore, leading soccer goalkeeper glove suppliers have placed strong emphasis on the combination of organic and inorganic techniques as well as new product introductions.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the soccer goalkeeper gloves market, presenting historical demand data (2016-2020) and forecast statistics for the period of 2021-2031.
The study divulges essential insights on the market on the basis of glove type (roll finger goalkeeper gloves, negative cut goalkeeper gloves, flat palm goalkeeper gloves, and hybrid cut goalkeeper gloves), buyer type (individual, institutional, and promotional), and sales channel (independent sports outlets, franchised sports outlets, modern trade channels, direct to customer brand outlets, direct to customer online channels, direct to customer institutional channels, and third party online channels), across seven major regions of the world (North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa).
About the Sports Division at Fact.MR
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned sports team at Fact.MR helps clients from across the globe with their unique business intelligence needs. With a repertoire of over thousand reports and 1 million-plus data points, the team has analyzed the sports industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
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Consultant – Sports Division