Global Bionic Gloves Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast: 2019–2028
“Global Bionic Gloves Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global bionic gloves market report has been segmented as per end user, application, and region.
Global Bionic Gloves Market: Overview
Bionics or biologically inspired engineering and its application to design systems and technology. Bionic imitate and mimic natural mechanisms and methods. Bionic gloves are electrical stimulator garments that provide hand opening and better grip and are used for various applications such as gardening, defense, prosthetics and healthcare, and sports. In addition, the bionic gloves are the most innovative, versatile, lighter, and comfortable product for hands. Also, the bionic gloves are most popular and demandable product across the globe.
Global Bionic Gloves Market: Dynamics
Increasing advancement in sports culture and raising awareness about bionic products among individual resulting in the growing demand for bionic gloves across the globe are major factors projected to fuel growth of the target market. In addition, increasing awareness among individuals about various benefits associated with the bionic gloves such as comfort, better grasp, lightweight, innovative designs, and others is a key factor expected to boost growth of the global bionic gloves market over the forecast period.
Growing demand for bionic gloves in many countries due to the increasing number of sports clubs and hospitals across the globe is another factor projected to proliferate growth of the target market. In addition, a rising number of sports players across the globe and the increasing popularity of bionic gloves among individuals resulting in rising demand for bionic gloves in various regions. These are among other factors expected to propel growth of the target market in the next 10 years.
Ongoing trend observed in the global market is rising technological advancement in the bionic gloves including the development of advanced material and sensors. Furthermore, increasing adoption of new technologies and artificial intelligence by major manufacturers is projected to propel growth of the target market over the forecast period.
However, high cost associated with bionic gloves and less penetration of bionic gloves in semi-urban and rural areas is major factors expected to hamper growth of the bionic gloves market.
Global Bionic Gloves Market: Segment Analysis
The rapid adoption of bionic gloves among sports players and rising number of sports enthusiast across the globe are primary factors driving revenue growth of the sports clubs segment among the end-user segments.
Global Bionic Gloves Market: Region Analysis
The North America bionic gloves market accounted for the highest revenue share and is expected to dominate the global market over the forecast period. High healthcare expenditure and high demand for bionic gloves in countries such as Canada and the US in the region. The market in the Asia Pacific is expected to register substantial growth in the global market, owing to expanding healthcare and sports sector in the countries such as India and China in the region. In addition, the market in Europe, Middle East & Africa, and Latin America and are estimated to register steady growth in terms of revenue, owing to rising penetration of bionic gloves in various countries such as France, UK, Russia, Brazil, Mexico, and Israel in these regions.
Global Bionic Gloves Market Segmentation:
Segmentation by End User:
- Sports Clubs
Segmentation by Application:
- Prosthetics and Healthcare
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Estimated Year 2020 Actual Year 2021 Forecast Period 2021–2030 Revenue in US$
- Touch Bionics Limited
- Showa Best Glove, Inc.
- Bionics Co., Ltd.
- Brookville Glove Manufacturing Company, Inc.
- NIKE, Inc.
- Taylor Made Golf Limited
- Global Glove & Safety Manufacturing, Inc.
- Srixon Sports USA, Inc.
- Callaway Golf Company
- Stauffer Manufacturing Company
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