Hand Gloves Market SWOT Analysis by 2031
The Hand Gloves Market is expected to register a CAGR of 7 % from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by material (wool, nylon, leather, cotton, others), category (men, women, unisex, kids). The report further presents analysis based on distribution channel (supermarkets and hypermarkets, specialty stores, online retail, others). Global analysis is further broken-down at regional level and major countries. In terms of geography, the market is divided into North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America). The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Hand Gloves Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Hand Gloves Market Segmentation
Material- Wool
- Nylon
- Leather
- Cotton
- Men
- Women
- Unisex
- Kids
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Strategic Insights
Hand Gloves Market Growth Drivers- Growth of Healthcare Infrastructure: Some of the major drivers for the hand gloves market are the growths of health care infrastructure. Whenever more health care facilities are established along with increased capacity, the disposable gloves' demand tends to be higher, especially in the medical sectors. This growth is driven by increased patient volume and higher demands for safety.
- Workplace Safety Regulations: Another area that is now giving the hand gloves a high boost in the market is safety in the workplace. Industries have set strict measures and regulations to create hazard-free workplaces as they pursue this goal in the quest to protect their workers against occupational hazards. This has therefore led to an increased demand for industrial gloves with adequate protection and compliance to standards set on issues of safety.
- Rising Demand for Infection Control: Demand for infection control measures, especially in healthcare and food service sectors, is gaining more attention. Organization appears to adopt hygienic and safe measures to avoid infections. Since most are concerned with safety and hygiene to prevent infections, demand has increased for gloves, in particular nitrile and powder-free. This in turn increases awareness in all its applications, which in turn boost higher market growth.
- Rising Demand for Eco-Friendly Hand Gloves: One of the major trends with hand gloves is the eco-friendly demand. Consumers increasingly value and businesses increasingly seek a more environment-friendly option, making manufacturers increase innovations into biodegradable and recyclable gloves. This also addresses environmental concerns and will be acceptable to the consumer who desires sustainable practice.
- Rapid Growth of Disposable Gloves Market: In fact, the disposable gloves segment is growing really fast, especially due to increased hygiene awareness among healthcare and food service industries. The worldwide disposable gloves market, therefore, will grow at a compounded annual growth rate of 8.4% as the dependence on single-use gloves for safety and sanitation will further increase.
- Advancements in Glove Manufacturing Technologies: Advances in glove-manufacturing processes have evolved the nature of the market. Steps toward the advancement of material sciences, along with coating technologies, enhance the performance, comfort, and durability of the gloves. Such advancements enable manufacturers to fashion specialized gloves according to the requirements of various markets, including health care, food processing, and industrial applications.
- Expansion into Emerging Markets: One of the major opportunities in the hand gloves market is to expand into emerging markets. As more developed countries in Asia Pacific and Africa look towards developing their health-care and industrial sectors, there will surely be an increase in demand for both disposable and industrial gloves. Companies can use this growth by setting up local production and distribution.
- Innovation in Eco-Friendly Gloves: Innovation opportunities in greener products related to gloves are continually increasing. As consumers get more sensitive about sustainability, manufacturers can design biodegradable or recyclable gloves based on demand in the market. This move helps the green cause, thereby attracting conscious users of the environment. There is also enhanced loyalty and market share.
- Technological Advancements in Manufacturing Processes: Technological advancement in manufacture process may be up on to benefit the hand gloves market. An advancement in manufacture processes may improve the production of goods through automation as well as the use of smart manufacturing by reducing costs. Improved quality product offerings from companies embracing and investing in these technologies then meet this growing demand for specialized gloves across several sectors such as healthcare and food service.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Hand Gloves Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Hand Gloves Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Hand Gloves Market is estimated to witness a CAGR of 7 % from 2023 to 2031
The increased focus on workplace safety, coupled with growing awareness of infection control measures, particularly in healthcare and food service sectors, are the major factors driving the hand gloves market growth.
A prominent trend in the hand gloves market is the growing demand for sustainable and environmentally friendly products.
3M, ANSELL LTD, Globus Group, Honeywell International Inc., Kossan Rubber Industries Bhd, RUBBEREX, Semperit AG Holding, Shamrock Manufacturing Company, Inc., Top Glove Corporation Bhd, TOWA Corporation are the key players operating in the market
Based on geography, North America held the largest share of the hand gloves market.
The report can be delivered in PDF/Word format, we can also share excel data sheet based on request.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Hand Gloves Market - By Material
1.3.2 Hand Gloves Market - By Application
1.3.3 Hand Gloves Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. HAND GLOVES MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. HAND GLOVES MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. HAND GLOVES MARKET - GLOBAL MARKET ANALYSIS
6.1. HAND GLOVES - GLOBAL MARKET OVERVIEW
6.2. HAND GLOVES - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. HAND GLOVES MARKET - REVENUE AND FORECASTS TO 2028 - MATERIAL
7.1. OVERVIEW
7.2. MATERIAL MARKET FORECASTS AND ANALYSIS
7.3. NATURAL RUBBER
7.3.1. Overview
7.3.2. Natural Rubber Market Forecast and Analysis
7.4. LEATHER GLOVES
7.4.1. Overview
7.4.2. Leather Gloves Market Forecast and Analysis
7.5. POLYETHYLENE GLOVES
7.5.1. Overview
7.5.2. Polyethylene Gloves Market Forecast and Analysis
7.6. NITRILE GLOVES
7.6.1. Overview
7.6.2. Nitrile Gloves Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. HAND GLOVES MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HEALTHCARE
8.3.1. Overview
8.3.2. Healthcare Market Forecast and Analysis
8.4. CHEMICAL
8.4.1. Overview
8.4.2. Chemical Market Forecast and Analysis
8.5. AUTOMOTIVE
8.5.1. Overview
8.5.2. Automotive Market Forecast and Analysis
8.6. CONSTRUCTION
8.6.1. Overview
8.6.2. Construction Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. HAND GLOVES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Hand Gloves Market Overview
9.1.2 North America Hand Gloves Market Forecasts and Analysis
9.1.3 North America Hand Gloves Market Forecasts and Analysis - By Material
9.1.4 North America Hand Gloves Market Forecasts and Analysis - By Application
9.1.5 North America Hand Gloves Market Forecasts and Analysis - By Countries
9.1.5.1 United States Hand Gloves Market
9.1.5.1.1 United States Hand Gloves Market by Material
9.1.5.1.2 United States Hand Gloves Market by Application
9.1.5.2 Canada Hand Gloves Market
9.1.5.2.1 Canada Hand Gloves Market by Material
9.1.5.2.2 Canada Hand Gloves Market by Application
9.1.5.3 Mexico Hand Gloves Market
9.1.5.3.1 Mexico Hand Gloves Market by Material
9.1.5.3.2 Mexico Hand Gloves Market by Application
9.2. EUROPE
9.2.1 Europe Hand Gloves Market Overview
9.2.2 Europe Hand Gloves Market Forecasts and Analysis
9.2.3 Europe Hand Gloves Market Forecasts and Analysis - By Material
9.2.4 Europe Hand Gloves Market Forecasts and Analysis - By Application
9.2.5 Europe Hand Gloves Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Hand Gloves Market
9.2.5.1.1 Germany Hand Gloves Market by Material
9.2.5.1.2 Germany Hand Gloves Market by Application
9.2.5.2 France Hand Gloves Market
9.2.5.2.1 France Hand Gloves Market by Material
9.2.5.2.2 France Hand Gloves Market by Application
9.2.5.3 Italy Hand Gloves Market
9.2.5.3.1 Italy Hand Gloves Market by Material
9.2.5.3.2 Italy Hand Gloves Market by Application
9.2.5.4 United Kingdom Hand Gloves Market
9.2.5.4.1 United Kingdom Hand Gloves Market by Material
9.2.5.4.2 United Kingdom Hand Gloves Market by Application
9.2.5.5 Russia Hand Gloves Market
9.2.5.5.1 Russia Hand Gloves Market by Material
9.2.5.5.2 Russia Hand Gloves Market by Application
9.2.5.6 Rest of Europe Hand Gloves Market
9.2.5.6.1 Rest of Europe Hand Gloves Market by Material
9.2.5.6.2 Rest of Europe Hand Gloves Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Hand Gloves Market Overview
9.3.2 Asia-Pacific Hand Gloves Market Forecasts and Analysis
9.3.3 Asia-Pacific Hand Gloves Market Forecasts and Analysis - By Material
9.3.4 Asia-Pacific Hand Gloves Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Hand Gloves Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Hand Gloves Market
9.3.5.1.1 Australia Hand Gloves Market by Material
9.3.5.1.2 Australia Hand Gloves Market by Application
9.3.5.2 China Hand Gloves Market
9.3.5.2.1 China Hand Gloves Market by Material
9.3.5.2.2 China Hand Gloves Market by Application
9.3.5.3 India Hand Gloves Market
9.3.5.3.1 India Hand Gloves Market by Material
9.3.5.3.2 India Hand Gloves Market by Application
9.3.5.4 Japan Hand Gloves Market
9.3.5.4.1 Japan Hand Gloves Market by Material
9.3.5.4.2 Japan Hand Gloves Market by Application
9.3.5.5 South Korea Hand Gloves Market
9.3.5.5.1 South Korea Hand Gloves Market by Material
9.3.5.5.2 South Korea Hand Gloves Market by Application
9.3.5.6 Rest of Asia-Pacific Hand Gloves Market
9.3.5.6.1 Rest of Asia-Pacific Hand Gloves Market by Material
9.3.5.6.2 Rest of Asia-Pacific Hand Gloves Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Hand Gloves Market Overview
9.4.2 Middle East and Africa Hand Gloves Market Forecasts and Analysis
9.4.3 Middle East and Africa Hand Gloves Market Forecasts and Analysis - By Material
9.4.4 Middle East and Africa Hand Gloves Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Hand Gloves Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Hand Gloves Market
9.4.5.1.1 South Africa Hand Gloves Market by Material
9.4.5.1.2 South Africa Hand Gloves Market by Application
9.4.5.2 Saudi Arabia Hand Gloves Market
9.4.5.2.1 Saudi Arabia Hand Gloves Market by Material
9.4.5.2.2 Saudi Arabia Hand Gloves Market by Application
9.4.5.3 U.A.E Hand Gloves Market
9.4.5.3.1 U.A.E Hand Gloves Market by Material
9.4.5.3.2 U.A.E Hand Gloves Market by Application
9.4.5.4 Rest of Middle East and Africa Hand Gloves Market
9.4.5.4.1 Rest of Middle East and Africa Hand Gloves Market by Material
9.4.5.4.2 Rest of Middle East and Africa Hand Gloves Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Hand Gloves Market Overview
9.5.2 South and Central America Hand Gloves Market Forecasts and Analysis
9.5.3 South and Central America Hand Gloves Market Forecasts and Analysis - By Material
9.5.4 South and Central America Hand Gloves Market Forecasts and Analysis - By Application
9.5.5 South and Central America Hand Gloves Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Hand Gloves Market
9.5.5.1.1 Brazil Hand Gloves Market by Material
9.5.5.1.2 Brazil Hand Gloves Market by Application
9.5.5.2 Argentina Hand Gloves Market
9.5.5.2.1 Argentina Hand Gloves Market by Material
9.5.5.2.2 Argentina Hand Gloves Market by Application
9.5.5.3 Rest of South and Central America Hand Gloves Market
9.5.5.3.1 Rest of South and Central America Hand Gloves Market by Material
9.5.5.3.2 Rest of South and Central America Hand Gloves Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. HAND GLOVES MARKET, KEY COMPANY PROFILES
11.1. 3M
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. ANSELL LTD
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. GLOBUS GROUP
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HONEYWELL INTERNATIONAL INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. KOSSAN RUBBER INDUSTRIES BHD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. RUBBEREX
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SEMPERIT AG HOLDING
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. SHAMROCK MANUFACTURING COMPANY, INC.
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. TOP GLOVE CORPORATION BHD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. TOWA CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. 3M
2. ANSELL LTD
3. Globus Group
4. Honeywell International Inc.
5. Kossan Rubber Industries Bhd
6. RUBBEREX
7. Semperit AG Holding
8. Shamrock Manufacturing Company, Inc.
9. Top Glove Corporation Bhd
10. TOWA Corporation
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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