The global boxing equipment market is anticipated to grow at a significant CAGR of 4.2% during the forecast period. One of the biggest achievements and prime factor contributing in market growth are the shrinking gender gap between the number of male and female players in the Olympic Games and several sports games. The participation of women in several sports, including boxing, has been particularly high over the last few years, with participation by an equal number of men and women. Earlier, boxing was a male-dominated game. However, this has changed over time.. Increase in the number of boxers clubs and innovation in boxing gloves is a major factor in the growth of the global boxing equipment market and is expected to be more inclining in the forecast period. High boxing gloves are used by professional players to protect their figures and thumbs. They are also used as defenders to help boxers avoid facial and brain injuries. The boxing equipment market has grown significantly in recent years, owing to the growing popularity of boxing sports among the public.
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Many organisations and associations, including the World Boxing Association, the International Boxing Federation, and the World Boxing Councils, organise various tournaments that welcome and attract an increasing number of people to participate in boxing matches and tournaments. They also provide prizes and recognition to winners; the government has also implemented several policies in support of boxing games in order to increase participation in boxing tournaments and matches. Boxing gloves are used by all professional boxers to protect their hands from various injuries. The increase in the number of boxing tournaments and matches is a key driver in the growth of the global boxing gloves market.
People are becoming more interested in boxing games, and many are choosing boxing as a career because it is one of the most popular sports. Boxing game broadcasting on television and OOT platforms is increasing boxing game popularity across the globe. The government is also promoting boxing games in order to achieve the best record and recognition in a variety of international boxing matches.
As boxing has become one of the most profitable businesses, many new boxing clubs and boxing training centres have opened in recent years. These boxing clubs and boxing training centres provide professional boxing training to beginners and prepare them for national and international boxing competitions. Boxing clubs provide premium services and help boxers improve their fighting skills; boxing clubs are heavy users of boxing equipments due to they place a high value on player safety. The increase in the number of boxing clubs and boxing gyms is a major factor driving the growth of the global boxing gloves market.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adidas, Century Martial Arts, Everlast Worldwide, Combat Sports International, and Twins Special, among others.
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 Boxing Equipment Market Report by Segment
By Type
- Gloves
- Ankle/Knee/Elbow Guard
- Punching Bags
- Hand Wraps
- Shin Guard
- Mouth Guard
- Head Gear
- Boxing Pads
- Others
By Application
- Sporting Goods Retailer
- Hypermarkets and Supermarkets
- Online Retail
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