Research and Markets, a leading global provider of market analysis reports, recently released the report “Sports Gloves – Global Market Trends and Analysis.” According to the report, the global sports glove market is expected to grow by US$322 million from 2020 to 2027, at a compound annual growth rate of 2.9%, driven by the COVID-19 pandemic and economic downturn. The boxing glove market is expected to grow at a faster rate, exceeding a 3.3% compound annual growth rate, and is projected to reach US$677 million in 2027.
The COVID-19 pandemic has had a significant impact on various industries. The boxing glove market will be redefined and redesigned in the post-pandemic era to adapt to new market demands and changing market conditions. The US boxing glove market is expected to see a CAGR of 1.7% from 2020 to 2027. The European market, significantly impacted by the COVID-19 pandemic, is expected to grow by US$7.4 million in Germany and US$8 million in the rest of Europe. The Japanese boxing glove market is projected to reach US$30.1 million in 2027.
Although China’s sporting goods market has been affected by the COVID-19 pandemic and quarantine measures, it is predicted that China’s economic growth rate will reach 5.4% in the next few years, so the size of China’s boxing glove market is expected to grow by US$108 million.
Post time: Sep-16-2025