The global Punching Bag market is anticipated to grow at a CAGR of 5.1 % during the forecast period (2022-2028). Boxing is one of the fastest-growing sports industries. Private leagues and shows are attracting millions of fans across the globe and are quickly becoming one of the most important pillars of sports. Growing e-commerce platform penetration, ever-increasing population, increased focus of makers, and growing awareness of preferred brands are the factors propelling the growth of the market during the forecast period. Boxing at the Olympic Games, World Boxing Championships, and Boxing at the Commonwealth Games are just a few of the major sporting events that surge in the demand for boxing sports.
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Amateur boxing has received a lot of attention in recent years, and the improvement in amateur boxing sports quality is expected to support the market growth. Furthermore, regional and local events are also expected to boost demand for boxing accessories in the coming years supporting the market growth. The Asia-Pacific region is expected to hold a significant market share in the market during the forecast period due to manufacturers’ increased focus on product innovations and increased expenditure for research and development capabilities in terms of the incorporation of advanced technologies.
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Some major players in the market include Everlast, Century Martial Arts, Ringside, Maxxmma, Outslayer, Cleto Reyes, RDX Sports, Title Boxing, and others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance,
- In November 2021, London product design studio Morrama has designed a new punching bag for Boxx, complete with ‘smart punch trackers’ which monitor people’s workouts from home. The Boxx punching bag aims to provide bespoke workouts to people from their homes, tying into the rising popularity of remote exercise.
- In March 2021, FightBrolaunched new Home equipment to keep fitness boxing kicking hanging Home use punching bag.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- By Material
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Everlast, Century Martial Arts, Ringside, Maxxmma, Outslayer, Cleto Reyes, RDX Sports, Title Boxing, and
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Punching Bag Market Report by Segment
By Type
- Heavy Bags
- Speed Bags
- Uppercut Bags
- Double-ended Bags
- Others
By Application
- Fitness Studios and Gyms
- Training and Sports Centres
- Schools and Universities
- Others
By Material
- Leather
- Vinyl
- Canvas
- Synthetic
- Others
By Distribution Channel
- Online
- Offline
Global Punching Bag Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
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