High price trends set for touchscreen gloves market, forecast by 2023; Global Market Insights Inc.

February 02 11:11 2017

Touchscreen gloves industry is propelled by rising demand for comfort as well as high functionality As these products offer high flexibility as well as comfort, they are now widely used in executing a range of tasks across numerous industry sectors.
U.S. touchscreen gloves and mittens market size surpassed USD 150 million in 2015, also characterized by consumers replacing their smartphones and associated devices, which is anticipated to boost adoption.

Global Touchscreen gloves market demand is fueled by surging implementation of touchscreen equipment at home as well as in the workplace.

Touchscreen gloves market size is likely to demonstrate substantial growth prospects from 2016 to 2023. U.S. gloves and mittens market size surpassed USD 150 million in 2015. Innovation in these garments in order to make them compatible with displays enables easy device operation.

Global touchscreen market is forecast to exhibit over 5% CAGR, primarily due to significant capacitive technology demand. Other drivers include increasing consumer spending, lowered price point, and product innovation.

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Asia Pacific touchscreen gloves market share is projected to benefit from high smartphone demand as well as growing replacement consumption. Regional smartphone shipments will increase at a compound annual growth rate of over 8.5% over the next few years. U.S. touchscreen gloves market is also characterized by consumers replacing their smartphones and associated devices, which is anticipated to boost adoption.

Product availability in a variety of materials, sizes, as well as colors present addressable market opportunity. The garment senses the conductive properties from the human skin and directs the small electrical signals from the finger tips to the screen. This facilitates users to type as well as browse through the device with high convenience and also make calls through the device effortlessly and quickly.

Spandex is one of the most commonly used materials owing to its fit quality. Unlike traditional products, these have anti-pilling system that protects the touchscreen and also keeps gloves flexible, soft as well as durable. Certain products exhibit as much as 99% of antibacterial properties owing to the presence of silver. Furthermore, the high density texture aids in keeping hands warm and comfortable.

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While the present user group is corporate professionals and individuals that spend time outdoors, use cases are forecast to expand to military, construction, and transportation sectors.

Key participants in the touchscreen gloves market include Outdoor Research, UR Powered, Mujjo, The North Face, UGG, Coach, Marmot, J. Crew, and Allen Edmonds. Other prominent partners include iTap, Glove.ly, Etre, Zensah, Timberland, OJIA, and Newer Technology (NewerTech).

This latest Touchscreen Gloves market research report offers in-depth analysis, key industry insights, market sizing & forecast on a granular level for key products, applications across a number of regional markets. The report also analyzes the Touchscreen Gloves industry from business strategy perspective, describing in detail growth drivers, pitfalls &challenges for participants, accompanied by a detailed competitive benchmarking including company market share analysis and detailed business profiles.

To access this full report titled, Touchscreen Gloves Market Size, Industry Analysis Report, Regional Outlook (U.S., Germany, UK, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico, Saudi Arabia, UAE, South Africa), Application Potential, Competitive Market Share & Forecast, 2016 – 2023” , please click on the link below:

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  • Touchscreen Gloves market size & forecast by product & application
  • Growth drivers, pitfalls & industry challenges
  • Key Touchscreen Gloves market growth opportunities & emerging business models
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https://www.gminsights.com/industry-analysis/spandex-market

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