The 21st century has led to a number of technological innovations that have made our lives immeasurably simpler and more comfortable. However, the biggest challenges can directly be linked to our sedentary lifestyle leading to diabetes, obesity, heart disease, and hypertension. Millions of people across the world have begun taking their health a lot more seriously now and exercising at the gym is no longer considered an option. However, not every individual tends to use gym gloves even though they are recommended by gym trainers to avoid hand or wrist injuries.
Even though manufacturers are experimenting with different materials, shades, and fits, many gym goers may not be comfortable using gym gloves and might consider them to be an additional expense that may be deemed unnecessary. All of these factors play a part in restraining the growth of the gym gloves market.
Gym gloves are an essential for both newcomers as well as experienced fitness enthusiasts and are an important fitness accessory. Heavy weight lifting can lead to grievous injuries to the wrist, palms, or hands. Gym gloves are the perfect solution to avoiding this and can be evaluated on the basis of their padding, grip, quality, comfort, and cost.
The Fact.MR report on the gym gloves market predicts it to grow to a value of just under US$ 1.2 billion by the end of 2022 and record a sluggish CAGR of 2.9%.
Fingerless Gloves More Popular in the Gym Gloves Market
Fingerless gloves account for a revenue share of more than 3/5th of the gym gloves market by glove type and they are anticipated to remain popular throughout the course of the forecast period. The fingerless glove segment is likely to be worth approx. US$ 740 million by end 2022 making it imperative for key stakeholders in the gym gloves market to be present in this segment.
Full fingered gloves comprise the balance market share and are estimated to lose their popularity going forward in favor of fingerless gloves. A CAGR that is even more sluggish than fingerless gloves in the gym gloves market is testament to this.
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Similar Opportunity in Independent Sports and Franchised Sports Outlet
A similar market opportunity exists in the independent sports outlet and the franchised sports outlet in the gym gloves market and companies are advised to plan their distribution strategies accordingly. For both independent and franchised sports outlets, North America has the largest regional share and it represents roughly 40% of the gym gloves market. The North America independent sports outlet market is poised to grow to more than US$ 65 million by the end of the study and key stakeholders could like at targeting this distribution channel.
The Fact.MR report on the gym gloves market has profiled some of the prominent companies actively involved in the gym gloves market. These companies include NIKE, PUMA, adidas, Under Armour, Decathlon, Dick's Sporting Goods, Implus Corporation, RIMSports, Gold's Gym International Inc, Fila Korea Co Ltd., and Cutters Gloves LLC.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR.
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(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
A sedentary lifestyle is one of the biggest challenges facing modern day society as this can cause a number of health issues such as obesity, hypertension, and diabetes. People have become well-aware of this and begun to take their health a lot more seriously than they did in the past. Exercising at the gym is no longer considered an option but is considered as essential as going to work or sleeping. To avoid debilitating injuries to the wrist, palm or hands, gym gloves are needed by both beginners as well as experienced fitness professionals. The growth of the gym gloves market is directly linked to the health and wellness industry and gym gloves are a key fitness accessory. The report, compiled by Fact.MR, provides in-depth analysis of the global gym gloves market for the forecast period 2017-2022, and offers key insights about future market direction.
The scope of Fact.MR’s report is to analyze the global gym gloves market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Gym gloves manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.
The report commences with a brief information of the global gym gloves market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global gym gloves market.
The next section offers an overview of the gym gloves market. This comprises an introduction to the market, along with a standard definition of the product – gym gloves. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global gym gloves market, the report provides updates about market opportunities, which can benefit leading manufacturers of gym gloves. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for gym gloves manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering the wide scope of the global gym gloves market and to offer in-depth insights, Fact.MR’s report provides segment-wise analysis and forecast. The global gym gloves market has been categorized on the basis of gloves type, material type, sales channel and region. This segmentation analysis is comprehensive, coupled with a detailed country-wise forecast provided on all parameters.
The report’s last section comprises of the global gym gloves market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global gym gloves market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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