The global golf gloves market was valued at USD 1.2 billion in 2022 and is projected to expand at a CAGR of 3.2% from 2023 to 2030. The growing demand for golf gloves is attributed to their ability to provide a better grip and comfort while playing. Moreover, the increasing popularity of golfing as a recreational activity is driving the demand for golf gloves. Additionally, the increasing demand for premium golf gloves among professional golfers is expected to drive the market growth. Furthermore, the availability of golf gloves in a variety of colours, sizes, and materials is expected to fuel the market demand.

The increasing awareness of the importance of golf gloves is driving the market growth. Market players are launching different types of golf gloves to meet the growing consumer demand. For instance, in December 2021, TaylorMade launched a new range of golf gloves, featuring perforated leather palms for improved grip and breathability. Additionally, the gloves are designed to provide a secure and comfortable fit and are available in multiple sizes for a custom fit.

The growing trend of customization is also driving the golf gloves market. Consumers are increasingly preferring customized golf gloves as they provide better comfort, grip, and style. Additionally, the customization options available in colors, sizes, and materials are helping to drive the market growth. For instance, in June 2021, Mizuno launched a new customizable golf glove that can be designed according to the individual’s preference.

The growing number of golf courses and golf tournaments is another factor driving the market growth. The increasing number of golf courses and tournaments has resulted in an increased demand for golf gloves, as it is essential for golfers to wear gloves while playing. Furthermore, the growing popularity and demand for golf in the corporate sector is expected to drive the market.

The growing trend of online shopping is also driving the market growth. The increasing availability of golf gloves on various e-commerce platforms is helping to drive demand. Furthermore, the various offers and discounts available on e-commerce platforms are also attracting customers. For instance, in October 2021, Amazon launched a new golf gloves store, offering various brands at discounted prices.

The leather segment held the largest share of the golf gloves market in 2019, and the segment is projected to maintain its dominance during the forecast period. The growth of the segment is mainly attributed to its superior grip, flexibility, and comfort. Furthermore, the availability of a wide variety of leather golf gloves in the market is also supplementing the market growth.

Synthetic gloves are expected to witness the fastest growth during the forecast period. The growth of the segment is mainly attributed to its superior sweat-wicking properties, light weight, and breathability. Moreover, the availability of a wide variety of synthetic golf gloves is also propelling the growth of the segment in the market.

The specialty stores segment held the largest share of the market in 2021, due to the presence of a wide range of golf gloves products. These stores provide a comprehensive selection of gloves and enable customers to access new products and styles. Moreover, customers can purchase gloves based on feel and fit, which are important criteria for golf players. Specialty stores also provide an opportunity to get expert advice on golf gloves selection and help customers in making purchasing decisions.

The online segment is anticipated to expand at the highest CAGR of 12.3% over the forecast period. The rising popularity of online golf glove stores is attributed to the ease of access and availability of a wide range of products. Many golf glove manufacturers and retailers are using digital channels to reach their target audience. Additionally, the increasing penetration of smartphones and the availability of easy payment options are further driving the growth of the online segment.

The synthetic gloves segment held the largest revenue share of 63.2% in the year 2022, owing to their relatively low cost and improved grip. The material used to make synthetic gloves is light, breathable, and highly durable, which makes them suitable for a wide range of weather conditions. It also has better sweat-wicking ability than leather gloves, making it a popular choice among golfers. Furthermore, the increasing focus of companies on the development of advanced synthetic materials with improved breathability and comfort is expected to fuel the segment growth over the forecast period.

The leather gloves segment is anticipated to grow at the highest CAGR of 5.4% over the forecast period. The increasing demand for premium leather gloves with classy designs and high-end features are driving the market. Manufacturers are focusing on introducing innovative gloves with advanced features such as enhanced grip, sweat-wicking, temperature control, and breathability, which is likely to drive the segment growth in the coming years. Furthermore, the increasing demand for personalized golf gloves is also boosting the segment growth.

North America emerged as the dominant region and accounted for the largest revenue share of over 35.6% in 2022. The presence of major golf equipment manufacturers in this region, such as Callaway Golf, Titleist, and TaylorMade, has led to an increase in the demand for golf gloves in the region. Key players in the region have been introducing innovative golf gloves with advanced technologies, such as breathable fabrics and moisture-wicking properties, to enhance user experience.

Asia Pacific is expected to witness the highest growth in the coming years. Factors such as the increasing popularity of golf as a recreational activity and the rising disposable income are driving the market in the region. In addition, the presence of golf courses in countries such as India, China, Japan, and South Korea is another key factor contributing to the growth of the market in the region.

In this part of the golf gloves products business plan, we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your golf gloves products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a golf gloves products business comes from the sale and distribution of golf gloves. Here you will find a list with a description of each of the revenue sources and other possible sources of profit such as the sale of related golf accessories and sponsoring golf tournaments.

Projecting Expenses
In this section, all the regular expenses related to keeping the golf gloves products business running will be described. The list of operating expenses includes the cost of purchasing the golf gloves, wages, marketing and advertising costs, utilities, insurance policies, and others.

Some of the key companies operating in the golf gloves market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, FootJoy launched the new DryJoys Tour X glove, which features a Coolmax Lycra material for a comfortable fit.

– In August 2022, Callaway Golf launched a series of golf gloves, which features a breathable and flexible fabric to provide a secure grip.

– In October 2022, TaylorMade launched the Tour Preferred golf glove, which features a soft Cabretta leather to provide a secure grip and maximum comfort.

Some of the prominent players in the golf gloves market include:

– FootJoy
– Callaway Golf
– TaylorMade
– Titleist
– Bridgestone Golf
– Mizuno Corporation
– PING
– Under Armour
– Nike, Inc.
– Acushnet Company

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global golf gloves products market based on size, product type, distribution channel, and region:

1. Size Outlook (Revenue, USD Million, 2017 – 2030)

– X-Small
– Small
– Medium
– Large
– X-Large

2. Product Type Outlook (Revenue, USD Million, 2017 – 2030)

– Synthetic
– Leather

3. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Drivers of the Golf Gloves Market?
[A]: The golf gloves market is driven by factors such as the increasing popularity of golf, technological advancements in golf gloves, and the rising disposable income of people. In addition, the demand for golf gloves is also driven by the increasing number of golf courses, clubs, and tournaments across the world.

[Q]: Who are the Key Players in the Golf Gloves Market?
[A]: Major players in the global golf gloves market are Callaway Golf Company, TaylorMade Golf Company, Nike, Inc., Titleist, Acushnet Company, SRIXON, Mizuno Corporation, FootJoy, LLC, and Bridgestone Corporation.

[Q]: What is the Potential of Product Innovation?
[A]: The golf gloves market is constantly innovating in terms of technology, design, material, and features. Manufacturers are developing gloves with advanced technology to provide better grip, comfort, and performance. For instance, some gloves are designed with additional cushioning for better grip and protection, while others are made with breathable fabric for enhanced comfort.

[Q]: What is the Impact of the Covid-19 Pandemic on the Golf Gloves Market?
[A]: The Covid-19 pandemic has had a negative impact on the golf gloves market. The lockdown restrictions imposed by governments in various countries have led to the closure of golf courses, leading to decreased demand for golf gloves.

[Q]: Which Region Offers the Largest Opportunity for Sales of Golf Gloves?
[A]: North America is expected to be the most lucrative region for the golf gloves market. This is due to the increasing number of golf courses, clubs, and tournaments in this region. The increasing popularity of golf in the US and Canada is also expected to drive the demand for golf gloves in this region.