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Golf Gloves Market

Golf Gloves Market By Material Type (Leather, Synthetic, Hybrid), Sales Channel (Independent Sports Outlet, Franchised Sports Outlet), Buyer Type (Individual, Institution, Promotional) & By Region – Global Market Insights 2022-2032

Analysis of Golf Gloves Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

Golf Gloves Market Outlook (2022-2032)

The global golf gloves market is likely to reach a valuation of US$ 197.4 Mn in 2022 and is expected to register at a CAGR of 4.2% to reach US$ 297.9 Mn by the end of 2032.

Sales of golf gloves accounted for nearly a 2% share of the global golf product market at the end of 2022.

Report Attributes

Details

Golf Gloves Market Size (2021A)

US$ 189.1 Mn

Estimated Market Value (2022E)

US$ 197.4 Mn

Forecasted Market Value (2032F)

US$ 297.9 Mn

Global Market Growth Rate (2022-2032)

4.2% CAGR

North America Market Share (2022)

32.6%

North America Market Value (2022)

US$ 64.3 Mn

Europe Market Share (2022)

26.7%

Europe Market Value (2022)

US$ 52.8 Mn

China Market Share (2022)

11.4%

China Market Value (2022)

US$ 22.5 Mn

Market Share of Top 3 Countries

47.3%

Key Company Profiled

  • Callaway Golf Company
  • Acushnet Holdings Corp.
  • Under Armour Inc.
  • Mizuno Corporation
  • NIKE Inc.
  • Adidas AG
  • Amer Sports Corporation
  • 3M Company

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Sales Analysis of Golf Gloves (2017-2021) Vs. Market Outlook (2022-2032)

One of the key factors propelling the global market for golf gloves is the growing number of golfers. The number of golfers choosing the sport as their vocation is increasing along with the game's growing popularity, which indirectly supports the market's expansion.

Globally, there are more golf courses opening up, there have been numerous advancements and innovations in the fabric used to make golf gloves, and golfers are becoming more aware of the need to protect their palms and fingers from blisters and from outside elements like heat. These factors have all contributed to the growth of the global golf gloves market.

There are many different styles of gloves available made of various materials, including leather, synthetic material, thermal gloves, etc. The global market is expanding as a result of the growing demand for all-weather golf gloves. Even elite people and businesses participate in this sport, putting the professional aspect to one side.

This is mostly due to the abundance of discretionary income, which is driving the growth of both the golf sport and the global market for golf gloves. Moreover, the enhanced investments in sports markets encourage demand for the golf gloves market.

  • Short Term (2022 to 2025): With the growing awareness of health and well-being, the participation of individuals in physical activities specifically golf has increased over the period.
  • Medium Term (2025-2028): Various benefits provided by the golf court to their regular members or people having annual memberships will motivate the people to play golf regularly and use different golf apparel including golf gloves.
  • Long Term (2028-2032): Long-term benefits of daily sports are now well known. Owing to the different advantages of golf sports over a long period will also be advantageous to the manufacturers of golf apparel specifically gloves.

From 2017 to 2021, the global market for golf gloves registered a CAGR of 4.1% Fact.MR, a market research and competitive intelligence provider, reveals that the market will exhibit growth at 4.2% CAGR between 2022 and 2032.

Golf gloves market forecast by Fact.MR

Market share analysis of golf gloves based on buyer type and region is provided in the above image. Under the buyer type segment, the individual sub-segment dominates with a 67.4% market share in 2022.

Golf Gloves Market

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What’s Driving High Demand for Golf Gloves across Regions?

“Enhanced Product Attribute in Golf Gloves to Accelerate the Market Growth”

Greater stability, traction, and balance are all benefits of wearing golf-specific gloves on golf courses. Golf glove demand has increased as a result of the market penetration of new shoe models. Manufacturers are currently focusing on the creation of novel fabrics composed of lightweight, breathable microfibers and microfleece fibers.

New glove designs are more consumer-friendly, lighter, and multifunctional. This means that you can wear these gloves outside the golf field as well. Therefore, innovation in golf glove manufacturing for instance lighter weight and better grip can increase the sales of golf gloves.

“Surge in Golf Playing Population Can Pave the Demand for Golf Gloves”

In no time, golf has become increasingly popular across the US. Following the epidemic, golf's popularity rising by 16.1% in 2021. This demonstrates that both professional players and young athletes learning the rules enjoy the sport. Golf is expanding globally, and each year there are an increasing number of contests.

Recent reports claim that numerous youth golf tournaments are being arranged. For golf fans, several competitions including the Ryder Cup, Sanderson Farms Championship, and others are routinely held. This has inevitably raised the market's demand for golf gloves.

Know thy Competitors

Competitive landscape highlights only certain players
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What Do Golf Gloves Manufacturers Need to Watch Out for?

“Adverse Environmental Impact to Hamper the Growth of the Market” 

The maintenance and expansion of golf courses damage ecosystems all around the world. The environmental problems associated with golf are growing as the activity becomes a more popular pastime around the world. The upkeep of golf courses depletes freshwater supplies, according to the United Nations Environment Programme.

The number of golf courses has rapidly increased as a result of the growth in golf tourism. Golf courses require a significant amount of water every day, which causes excessive water extraction and water scarcity. In situations where wells are used to supply water, excessive pumping causes saline intrusion in the groundwater.

Golf resorts or courses are frequently located close to protected areas or in regions with few resources, which causes the worst impact. The adverse environmental effect can impact the sales growth of golf gloves.

Country-wise Insights

Why the U.S. Accounts for Substantial Demand for Golf Gloves Market?

Due to the presence of more than half of the golf course providers, North America dominates the global market for golf apparel like gloves. The United States and Canada rank among the most significant markets in the world in terms of the overall number of golf courses and golfers.

As end-user demand shifts from aesthetics to practicality, golf gear producers are focusing on integrating cutting-edge materials to develop lightweight attire.In order to meet the player's comfort and mobility, great fashion and high performance are both factors in the design of golf gloves. Advanced fabrics that help with sweat absorbent are also applied widely.

Additionally, the US Department of Commerce and the US Commercial Service Travel and Tourism Team are trying to promote golf tourism in the US. This is also assisting in the growth of the U.S. golf gloves market to register at CAGR of 3.8% over the forecast period.

Why is the Japan Golf Gloves Market Expected to Be Highly Lucrative?

Japan offers significant potential for a number of golf courses and golf-playing participants. The rise of the regional market has been encouraged by increased disposable incomes and rising health consciousness among people.

Also, to take advantage of the unexplored prospects in the region, international businesses are actively expanding there. Golf gloves that were significantly different from the present boxy and unattractive fashions widespread in the market were what the designer imagined after being inspired by watching golfers.

Golf gloves were designed with the goal of giving the user better grip, durability, and sweat absorption while playing golf. Owing to the aforementioned factors, the market for golf gloves is expected to reach a valuation of US$ 6.8 Mn in 2022.

Category-wise Insights

Which Material Type is Most Preferred for Golf Gloves by Golfers?

Synthetic and leather golf gloves represent a significant revenue share of golf gloves in the US market, though, the revenue through non-marking gloves is projected to grow at a higher pace. Market players should focus on the needs of pro golf players as they want to make sure they wear the best golf shoes for them to compete and it could influence the followers and other people to follow the trend which could help companies to identify the emerging target segment.

Therefore, leather-type golf gloves will hold a market share of 33.7% and generate a market value of US$ 66.6 Mn by the end of 2022.

Which Sales Channel is Dominating in Terms of Revenue Generation?

The availability of golf gloves through a range of retail channels is providing fresh growth prospects for the industry. It has been incredibly notable that top golf gloves brands are now accessible through e-commerce platforms under different sales channels.

Additionally, it has reached new demographics in addition to meeting sales from Tier I and II metropolises in developing countries. Many Tier I and Tier II metropolises have substantial populations of golf lovers, but because there aren't many malls and name-brand stores the need has been met by knockoffs.

However, things are changing in favor of international brands as e-commerce businesses now offer less expensive home delivery of authentic golf gloves. Further e-commerce adoption is probably going to likely to bode well for the prospects of the golf gloves market over the forecast period.

Competitive Landscape

Leading market players in golf gloves market are Callaway Golf Company, Acushnet Holdings Corp., Under Armour Inc., Mizuno Corporation, NIKE Inc., Adidas AG, Amer Sports Corporation, and 3M Company

In order to diversify their product portfolios and grow their client base by providing items that are tailored to their demands, the major industry participants in the golf gloves market are strategically focusing on collaborations and new launches. Additionally, makers of golf gloves are concentrating on product improvement techniques that will enable them to enter the golf apparel industry with innovative concepts.

Furthermore, in order to introduce cutting-edge golf gloves to the market, golf gloves firms invest a sizable sum of money in R&D. Companies can set their golf gloves apart from the competition by introducing new products. The amount of money spent on R&D activities in the golf gloves market has been rising recently, albeit lower than in certain other industries.

Fact.MR has provided detailed information about the price points of key manufacturers of golf gloves positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.

Segmentation of Golf Gloves Industry Research

  • By Material Type :

    • Leather 
    • Synthetic 
    • Hybrid 
  • By Sales Channel :

    • Independent Sports Outlet
    • Franchised Sports Outlet
    • Modern Trade Channels
    • Direct to Customer Brand Outlet
    • Direct to Customer Online Channel
    • Direct to Customer Institutional Channel
    • Third Party Online Channel
  • By Buyer Type :

    • Individual
    • Institution
    • Promotional
  • By Region :

    • North Americas
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • Middle East & Africa

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The global golf gloves market is currently valued at US$ 197.4 Mn in 2022.

Worldwide demand for golf gloves is anticipated to reach US$ 297.9 Mn by 2032-end.

During 2017-2021, sales of golf gloves increased at 4.1% CAGR.

North America leads the global golf gloves market accounting for 32.6% market share in 2022.

Individual accounts for 67.4% market share of the global market in 2022.

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