Golf is a sport played using a golf club and golf ball in a golf course with a series of holes. Golf is gaining popularity among unprofessional golfers, business professionals and country clubs. The golfer uses different type of golf clubs to hit the ball and put through the different holes in the course. The golfer wears various apparels while playing golf such as, shoes, glo`ves, t-shirts, pants and caps. Golf Gloves are the apparel worn by the golfer while handling the golf club for several reasons such as, for good grip, to avoid blisters and callous, for warmth and dryness while playing in the humid and cold conditions. The increase in the number of golfers is attributing to the growth of global Golf Gloves market. The United States golf glove industry has the highest market share in the global golf glove market. The global Golf Gloves market is estimated to project a single digit CAGR over the forecast period.
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Global Golf Gloves Market: Key Players
The key drivers of the global Golf Gloves market are, gaining popularity of golf among amateur players, business personnel’s and country clubs, increase in the number of golf courses globally, the innovations related to the fabrics used for the production of Golf Gloves like, water resistant Golf Gloves and consciousness among golfers about protection of fingers and palm against blisters. Some of the main factors hampering the global Golf Gloves market is the pricing of the Golf Gloves , low preference of Golf Gloves among professional players as they prefer the feel of their hands directly on the golf club. The availability of clone versions of the Golf Gloves in the market which are relatively cheaper as compared to the branded Golf Gloves poses as a restraint to the genuine manufacturers, thus hindering the global golf glove market.
In North America, US golf glove industry is leading and contributing a good share to the global Golf Gloves market. In the Western Europe, UK golf glove market dominates the market with a promising market share. In APAC, the popularity of golf among people and increasing number of golf courses in China will propel the Golf Gloves market in China. The Golf Gloves market in India will also show a positive response because of the changing lifestyle of people and willingness to spend on recreational activities. Japan will be a good platform for the Golf Gloves market, people are indulging in various sports activities golf being one of them to keep themselves fit and fine, this factor is most likely to drive the Golf Gloves market in Japan. Whereas, on the other hand in Australia, Golf Gloves market shows a negative growth over the forecasted period. Overall, APAC golf glove market will register a healthy CAGR in the global Golf Gloves market.
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Some of the key players identified in the global Golf Gloves market includes Callaway Golf Company, Titelist, Acushnet Company, Under Armour Inc., Nike Inc., TaylorMade Golf Company, Inc., s3M