What Can Be The Best Investment Choices For Thermal Conductive Gloves Market?

Thermal conductive gloves are utilized to operate touchscreen devices such as mobile phones and tablets along with providing warmth. It is made from materials such as sandy nitrile that emulates conductive properties of the skin. In thermal conductive gloves, either fingertips or entire glove is incorporated with conductive materials. Thermal conductive gloves offers various benefits over conventional gloves such as advantage to use touch screen thereby avoiding need to remove gloves while operating such devices and makes usage of smartphones easier especially during cold weather conditions.

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Market Dynamics

Growing demand for mobile devices such as smartphones and tablets is driving growth of the global thermal conductive gloves market. According to the U.S. General Services Administration, tablet and smartphone device usage is increasing in the U.S. In 2015, 378 million tablet and smartphone were in use in the U.S. Furthermore, according to Consumer Technology Association (CTA), unit volume shipping of smartphones in the U.S. is expected to increase by 2% to reach 189 million in 2018, while revenue is expected to increase by 3% to reach US$ 62.9 billion in 2018 in the U.S.

Advantages of thermal conductive gloves such as dexterity, ease of grip, warmth, durability, ease of use, lightweight, breathability and ease of donning and doffing is propelling growth of the global conductive gloves market. Furthermore, availability of a wide variety of thermal conductive gloves in different colors, materials, designs, and thickness is fuelling growth of this market.

Technological advancements along with rise in applications of touch screen technology in various devices such as portable media players, digital camera, media extender, remote control, laptops and desktops is propelling growth of the global thermal conductive gloves market. Growing demand for consumer electronics is supporting growth of this market. According to Consumer Technology Association (CTA), a trade organization of consumer electronics industry in the U.S., retail revenue of the U.S. consumer electronics is expected to generate revenue of US$ 351 billion in 2018, which is an increase by 3.9% as compared to 2017.

Market Outlook

Asia Pacific thermal conductive gloves market is expected to exhibit high growth rate during the forecast period. This is attributed to growing usage of smartphones in this region. According to the Australian Communications and Media Authority, in May 2012, number of smartphone owners in Australia was 8.67 million, an increase by 104% from the previous year. Furthermore, according to the Central Intelligence Agency, an intelligence service agency of the U.S. federal government, China had highest number of mobile phones including smart phone users followed by India in 2016. This significant number of mobile phone users is fuelling growth of the thermal conductive gloves market in Asia Pacific.

North America held significant market share in the global thermal conductive gloves market. Rising penetration of smartphones and tablets is driving growth of the thermal conductive gloves market in this region. According to the U.S. General Services Administration, smartphone and tablet accounted for 36% of all internet traffic in December 2015, which increased to 43% in December 2016.
Furthermore, growing demand for electronics and appliances is propelling growth of the thermal conductive gloves market in this region, as touch screen panels are introduced in many electronic appliances. According to the U.S. Census Bureau, total retail sales of electronics and appliances in 2014 was US$ 28,158 million, which increased to US$ 30,016 million in 2015 in the U.S.. Also, rising adoption of touchscreen technology in laptops and automotive electronics is augmenting growth of the thermal conductive gloves market in this region. According to Consumer Technology Association (CTA), factory-installed automotive electronics, which includes entertainment systems with touch screens and others is anticipated to increase by 5.9% to reach US$ 15.9 billion in revenue in 2018 as compared to 2017.

Europe is expected to be the lucrative thermal conductive gloves market, owing to significant demand for electronic appliances especially in Germany, the U.K., and France. According to the German Electrical and Electronic Manufacturers Association, electrical and electronics industry in Europe was valued at US$ 797.93 billion in 2015 and was the third-largest market, globally. Furthermore, electrical and electronics industry is expected to grow by 2% in Germany and by 1% in the U.K. and France in 2018 from 2017. This growth is augmenting demand for thermal conductive gloves as it is used to operate various touch screen electronic devices such as smartphones, laptops, and other consumer electronics.

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Key Players and Business Strategies

Key players operating in the global thermal conductive gloves market are Pearl Izumi Inc., QRP, Inc., Kent Wang Co., Mujjo Europe BV, Moshi, Underhanded Gloves, and Uvex Safety Group.
Players operating in the global thermal conductive gloves market are launching new products to increase product portfolio and expand business. For instance, in August 2016, Foxgloves, Inc. launched a new line of superconductive touchscreen gloves.

Market Taxonomy

On the basis of material, the global thermal conductive gloves market is classified into:

Leather
Sandy Nitrile
Others

On the basis of end-user, the global thermal conductive gloves market is classified into:

Men
Women
Kids

On the basis of region, the global thermal conductive gloves market is classified into:

North America
U.S.
Canada
Europe
U.K.
Germany
Italy
France
Russia
Spain
Rest of Europe
Asia Pacific
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
GCC
Israel
Rest of Middle East
Africa
Northern Africa
Central Africa
South Africa

Thermal Conductive Gloves Market Key

Developments:

Companies dealing into thermal conductive gloves market are adopting strategies such as product portfolio expansion and collaborations to maintain their position in the competitive business environment.

For instance, in 2016, Oros Apparel, a U.S. based company engaged in manufacturing of thermal outwear based on aerogel technology, started developing graphene-coated aerogel gloves. These gloves keep the body warmth inside the gloves, thus helping to trap the body heat inside.

In August 2018, Mujjo launched capacitive leather gloves for touchscreen devices. The Mujjo leather gloves for touchscreen are manufacturing using Ethiopian lambskin which offers excellent thermal insulation.

In January 2019, Ironclad Performance Wear, leader in high performance hand safety, announced the launch of their new line of command series gloves.

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This release was published on openPR.