Press release
Golf Gloves Market Expected To Account For US$ 200 Mn By 2022 to 2031 : FactMR
Golfer uses several accessories, one of which are the golf gloves. Golf gloves offer many advantages such as warmth, grip, help in avoiding blisters, protection from heat and cold etc. The golf gloves are manufactured using different material such as leather, hybrid material and synthetic. Factors such as increasing number of people opting golf as their career, increase in disposable income due to which businessmen and rich people play golf for recreation, increasing awareness among people regarding issues of blisters on palms, various innovations to better the experience of the wearer, etc., are driving the global golf gloves market. Few restraining aspects such as high price, low preference for gloves among amateur golfers as well as clones of golf gloves which are cheaper than original hinder the growth of the market. North America region is expected to be the most attractive region for the golf gloves market.Request Sample - https://www.factmr.com/connectus/sample?flag=S&rep_id=208
5 Forecast Highlights on Global Golf Gloves Market
North America expected to grow at the moderate CAGR during the period of forecast as well as dominate the global market in terms of market share by revenue, as of 2017. It can be said that this trend would be followed, considering the technological developments observed in this region
Asia-Pacific excluding Japan (APEJ) region also anticipated to grow at the highest growth rate as compared to other regions, yet does not portray high market share by revenue. This region is anticipated to grow at a CAGR of 4.4% during the period of forecast 2017 to 2022
The hybrid golf gloves segment by material type is anticipated to be the fastest growing segment in this category and is marked by a higher market share by revenue thereby portraying dominance over the market. This segment is anticipated to grow at a CAGR of 4.3% during the period of forecast and this trend will most likely preserve its dominance throughout the period of forecast
Individual segment by buyer type shows higher market share dominating the market as well as higher growth rate. This segment reflects a market share of about 70% as of 2017 and this trend is expected to continue given the higher growth rate that this segment shows
The direct to consumer brand outlet segment and third party online channel segment are growing at the same growth rate and this trend is anticipated to continue over the forecast period. The modern trade segment witnesses higher market share of 23.1% as of 2017 but reflects a less growth rate during the period of forecast
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Individual Segment by Buyer Type Shows Dominance
The individual segment by buyer type reflects higher market share as of 2017 with a higher growth rate and is expected to reach a CAGR of 4.3% throughout the period of forecast. This trend is expected to continue over the entire period of forecast of 2017 to 2022, thereby reflecting dominance in the global golf gloves market by buyer type.
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