The global boxing gloves market is anticipated to grow at a CAGR of 6.2% during the forecast period (2022-2028). It is specially designed for playing boxing matches and training purposes. It supports to protect the fighters’ hands of boxers from injuries while fighting. The major factor expected to drive the market growth is the rise in the number of boxing clubs and innovation in boxing gloves. In addition, many organizations and associations such as World Boxing Association, the International Boxing Federation, and the World Boxing Councils are organizing different tournaments that are welcoming and attracting more and more people to participate in boxing matches and tournaments which further supports the global boxing gloves market to grow further during the forecast period. The government has also introduced several policies in favor of boxing games to increase participation of people in boxing tournaments and matches, and the rise in popularity of boxing games are further propelling the growth of the global boxing gloves market during the forecast period.
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In August 2021, The World Boxing Council (WBC) has announced the formation of its India committee in collaboration with the Indian Boxing Council to offer a “pathway for domestic championship success for aspiring professional boxers throughout the region and afford Indian fighters more significant global opportunities, using the WBC India as a platform for development, progression, and inclusion”. Further, the WBC will emphasize boxer safety and implement a ranking system for both male and female boxers. Additionally, in August 2021, sand artist Sudarsan Pattnaik created a 10 feet long sand glove to congratulate boxer Lovlina Borgohain for winning the bronze medal at Tokyo Olympics, on the Puri beach in Odisha.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Material Type
- By Price Point
- By Application
- By Buyer Type
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Everlast Worldwide, Inc., Revgear Sports Co., and Century LLC, 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 Gloves Market Report by Segment
By Product Type
- Bag Gloves
- Sparring Gloves
- Competition Gloves
By Material Type
- PU Leather
- Genuine Leather
- Microfiber Leather
By Price Point
- Premium
- Medium
- Economy
By Application
- Amateur
- Professional Boxers
By Buyer Type
- Individual
- Institutional
- Promotional
By Distribution Channel
- B2B
- B2C
- Online
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