Product Overview

Golf is a sport played on a golf course with a set of holes using a golf club and a golf ball. Golf among unprofessional golfers, business professionals, and country clubs is gaining popularity. The golfer uses various kinds of golf clubs to drive the ball and to bring the course through the various holes. The golfer wears different clothing, such as shoes, t-shirts, trousers, and caps, when playing golf. For many reasons, such as good grip, to prevent blisters and callous, for warmth and dryness when playing in the humid and cold weather, Golf Gloves is the clothing worn by the golfer when handling the golf club.

Market Highlights

Golf Gloves Market is expected to project a notable CAGR of 3.2% in 2030.

Golf Gloves Market to surpass USD 850.2 Million by 2030 from USD 300 million in 2019 in terms of value growing at a CAGR of 3.2% throughout the forecast period, i.e., 2021-30. Amateur golf players, business staff, and country clubs are gaining popularity among the key drivers of global demand for golf gloves, growing the number of golf courses worldwide, inventions such as fabrics used for the manufacturing of golf gloves, water-resistant golf gloves, and golfers' knowledge of finger and palm protection against blisters. Recent game technologies, such as the use of GPS and Bluetooth-enabled gloves, have also increased the popularity of the sport, attracting more participation. The GPS system enables shot distance measurement for a comfortable and highly accurate shot. By growing their delivery network, retailers have concentrated on expanding their distribution network.

Golf Gloves Market: Segments

Promotional golf gloves segment to grow with the highest CAGR during 2021-30

Golf Gloves Market is segmented by product as Individual Golf Gloves, Institutional Golf Gloves, and Promotional Golf Gloves. The individual golf gloves segment is estimated to lead the market with a share of over 52.3% in 2019 individual golf gloves are designed for individual golfers. Until recently, gloves were regarded as just a piece of practical golf equipment. Individual golf gloves have evolved into a fashionable accessory, with a preference for individuality gradually being embraced by the sport. In the near term, multiple companies are expected to capitalize on this growing trend. Individual golf gloves are made predominantly from leather and come in a wide variety of colors and sizes. During the forecast era, the promotional golf gloves segment is expected to grow at the fastest CAGR. Hybrid versions that are usually personalized are promotional golf gloves.

Online Segment to grow with the highest CAGR during 2021-30

Golf Gloves Market is segmented by distribution channel into Offline and Online segments. The offline segment accounted for the largest revenue share of 74.8% in 2019 owing to the rising presence of sporting goods retailers worldwide will increase the product’s visibility in the near term. Development Like opening new outlets are likely to strengthen the position of the offline segment in the near term. The online segment is expected to expand at the fastest CAGR over the forecast period. Major players are implementing numerous strategies to attract new customers. In the near future, more offline retailers are likely to focus on distributing their products through the online platform.

Golf Gloves Market: Market Dynamics

Drivers

Increase in the Rate of Urbanization

Recent game technologies, such as the use of GPS and Bluetooth-enabled gloves, have increased the popularity of the sport, attracting more participation. The GPS system enables shot distance measurement for a comfortable and highly accurate shot. Retailers have been focusing on growing their distribution network by increasing the number of outlets. The hospitality industry typically focuses on expanding and improving its facilities to attract more visitors. In this respect, hotels in Western countries are increasingly concentrating on promoting various sports activities, including golf. The demand for innovative golf accessories, including gloves, has been driven by the growing popularity of golf in Asian and European countries. Noting a growing demand for the brand, prominent market players have concentrated on developing gloves with a breathable design and improved grip.

Restrain

High costs associated with maintaining physical stores

The price of the Golf Gloves, a low preference of Golf Gloves among professional players as they prefer the feeling of their hands directly on the golf club, is some of the key factors hindering the global Golf Gloves industry. Compared to the advertised Golf Gloves, the existence of clone versions of the Golf Gloves on the market that are comparatively cheaper poses as a restraint to the actual manufacturers, thus hindering the global market for golf gloves. The recent economic crisis had a detrimental effect on sales of Golf Gloves worldwide. Currency fluctuations and less brand outlets in emerging regions could be demand limiting variables. In the Golf Gloves sector, raw materials also play a critical role and their prices have risen dramatically in the past few years.

Golf Gloves Market: Key Players

Mizuno

Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, and SWOT Analysis.

Finger Ten

MG Golf

Under Armour

3M

Acushnet

Nike

TylorMade Golf

Callaway

Titelist

Golf Gloves Market: Regions

Golf Gloves Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, Asia Pacific, and Middle East, and Africa

Golf Gloves Market in North America led the market with a lion share of more than 56.2% in 2019 and is projected to maintain its lead over the forecast period. One of the key factors driving the growth of the regional market is the increasing consumer interest in golf as a sport, coupled with the presence of proven infrastructure in developed countries, such as the U.S. Over the projected period, Asia Pacific is expected to grow at the quickest CAGR. In this area, the demand for the product is mainly driven by its rising availability and affordability in countries such as Japan and India. China has historically been regarded as a lucrative market by foreign golf glove manufacturers, given the relatively low production costs and availability of cheap labor within the country.

Competitive Landscape:

The Golf Gloves market, which is highly competitive, consists of several major players such as Callaway Golf Company, Acushnet Holdings Corp., Mizuno Corporation hold a substantial market share in the Golf Gloves market. Other players analyzed in this report are NIKE, Inc., Adidas AG, Amer Sports Corporation, and 3M Company among others.

Golf Gloves Market is further segmented by region into:

North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada

Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America

Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe

APAC Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC

MENA Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Golf Gloves Market report also contains analysis on:

Golf Gloves Market Segments:

By Product Type:

Individual Golf Gloves

Institutional Golf Gloves

Promotional Golf Gloves

By Material:

Leather Golf Gloves

Synthetic Golf Gloves

All weather Golf Gloves

Thermal Golf Gloves

By Distribution Channel:

Offline

Online

Golf Gloves Market Dynamics

Golf Gloves Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies Involved in the Market

Value Chain of the Market

Market Drivers and Restraints

FAQs on Golf Gloves Market

Which segment is anticipated to hold the largest market share

At what CAGR is the market anticipated to grow between 2020 and 2030

Who are the key players in the Golf Gloves Market

What could be the challenging factors in the growth of Golf Gloves Market

What are the growth drivers for the Golf Gloves Market

Contents

1. Executive Summary

2. Golf Gloves Market

1. Product Overview

2. Market Definition

3. Segmentation

4. Assumptions and Acronyms

3. Research Methodology

1. Research Objectives

2. Primary Research

3. Secondary Research

4. Forecast Model

5. Market Size Estimation

4. Average Pricing Analysis

5. Macro-Economic Indicators

6. Market Dynamics

1. Growth Drivers

2. Restraints

3. Opportunity

4. Trends

7. Correlation & Regression Analysis

1. Correlation Matrix

2. Regression Matrix

8. Recent Development, Policies & Regulatory Landscape

9. Risk Analysis

1. Demand Risk Analysis

2. Supply Risk Analysis

10. Golf Gloves Systems Analysis

1. Porters Five Forces

1. Threat of New Entrants

2. Bargaining Power of Suppliers

3. Threat of Substitutes

4. Rivalry

2. PEST Analysis

1. Political

2. Economic

3. Social

4. Technological

11. Golf Gloves Market

1. Market Size & forecast, 2020A-2030F

1. By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Volume 2020-2030F; Y-o-Y Growth (%) 2021-2030F

12. Golf Gloves: Market Segmentation

1. By Regions

1. North America:(U.S. and Canada), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Latin America: (Brazil, Mexico, Argentina, Rest of Latin America), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Europe: (Germany, UK, France, Italy, Spain, BENELUX, NORDIC, Hungary, Poland, Turkey, Russia, Rest of Europe), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Asia-Pacific: (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia Pacific), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

5. Middle East and Africa: (Israel, GCC, North Africa, South Africa, Rest of Middle East and Africa), By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. By Product: Market Share (2020-2030F)

1. Individual Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Institutional Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. Promotional Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. By Material: Market Share (2020-2030F)

1. Leather Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Synthetic Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

3. All weather Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. Thermal Golf Gloves, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

4. By Distribution Channel: Market Share (2020-2030F)

1. Offline, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

2. Online, By Value (USD Million) 2020-2030F; Y-o-Y Growth (%) 2021-2030F

Company Profile

1. Mizuno.

1. Company Overview

2. Company Total Revenue (Financials)

3. Market Potential

4. Global Presence

5. Key Performance Indicators

6. SWOT Analysis

7. Product Launch

2. Finger Ten

3. MG Golf

4. Under Armour

5. 3M

6. Acushnet

7. Nike

8. TylorMade Golf

9. Callaway

10. Titelist

Consultant Recommendation

**The above-given segmentations and companies could be subjected to further modification based on in-depth feasibility studies conducted for the final deliverable.

Methodology/Research Approach

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Research Programs/Design

Historical Data (2015-2019)	Industry Trends Competitive Landscape By Company Expansion Mergers and Acquisitions Market Segment by Type by Application By Regions/ Geography	Value Status and Outlook Value for Major Players Market Share Growth Rate Present Situation Analysis Value Market Share Growth Rate Present Situation Analysis
Influencing Factors	Market Environment Government Policy Technological Changes Market Risks	Market Drivers Growing Demand of Downstream Reduction in Cost
Market Forecast (2021-2026)	Overall Size by Type by Application By Regions/Geography	Key Data (Value) Market Share Growth Rate CAGR (2021-2026)

Market Size Estimation

Top-down and bottom-up approaches are used to validate the global Voluntary Carbon Offset market size market and estimate the market size for Company, regions segments, product segments and Application (end users).

The market estimations in this report are based on the marketed sale price of Voluntary Carbon Offset (excluding any discounts provided by the player, distributor, wholesaler or traders). The percentage splits, market share, and breakdowns of the product segments are derived on the basis of weights assigned to each of the segments on the basis of their utilization rate and average sale price. The regional splits of the overall Voluntary Carbon Offset market and its sub-segments are based on the percentage adoption or utilization of the given product in the respective region or country.

Major Company in the market is identified through secondary research and their market revenues determined through primary and secondary research. Secondary research included the research of the annual and financial reports of the top Company; whereas, primary research included extensive interviews of key opinion leaders and industry experts such as experienced front-line staff, directors, CEOs and marketing executives. The percentage splits, market share, Growth Rate and breakdowns of the product markets are determined through using secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or other factors are not accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Market Intellix and presented in this report

The following figure shows an illustrative representation of the overall market size estimation process used for this study.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation, extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and further quantitative analysis is also done from all the numbers arrived at in the complete market engineering process to list key information throughout the report.

Data Source

Secondary Sources

Secondary sources include such as press releases, annual reports, non-profit organizations, industry associations, governmental agencies and customs data, etc. This research study involves the usage of widespread secondary sources, directories, databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), and TRADING ECONOMICS, and News Network, statista, Federal Reserve Economic Data, annual reports, BIS Statistics, ICIS; company house documents; CAS(American Chemical Society); investor presentations; and SEC filings of companies. Secondary research was used to identify and collect information useful for the extensive, technical, market-oriented, and Hospitals study of the Voluntary Carbon Offset market. It was also used to obtain important information about the top companies, market classification and segmentation according to industry trends to the bottom-most level, and key developments related to market and technology perspectives.

Market Size	Segmental value Geographic Penetration Product Adoption Rate for Different market	Journals, Websites, and Press Releases Annual Reports and SEC Filings Company Websites and Press Releases Public and Paid Databases Market Intellix Data Repository
Market Position of Top Company	Product Financials Geographic value Mix Total Company value Business/Segmental value Mix
Qualitative Analysis	Influence Factors Market Potential Market Risks and Opportunities Industry Trends Geographical Features Government Policies	Company Websites and Press Releases Public and Paid Databases Annual Reports Industry Associations Market Intellix Data Repository

Primary Sources

In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product Company (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end use (product buyers), and related key executives from various key companies and organizations operating in the global market.

Primary research was conducted to identify segmentation Type, product price range, product Application, key Company, raw materials supply and the downstream demand, industry status and outlook, and key market dynamics such as risks, influence factors, opportunities, market barriers, industry trends, and key player strategies.

Key Executives Interviewed

Key Data Information from Primary Sources

Primary Sources	Parameters	Key Data
Market Segments(by Application, by Type)	Value by Type Status and Forecast Value by Application Value by Regions, Status and Forecast (2021-2026)	Value Market Share by Type Value Growth Rate by Type Value by Application Percentage and Growth Rate by Application Value Growth Rate and Market Share by Regions Market Size Status and Forecast (2021-2026)
Total Market	Overall Size, Status and Forecast	Market Size Status and Forecast (2021-2026)