The boxing gear global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Boxing Gear Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The boxing gear market size has grown strongly in recent years. It will grow from $1.55 billion in 2023 to $1.65 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The growth in the historic period can be attributed to the emergence of boxing as a popular sport in the 20th century, the influence of high-profile boxing champions and events, the evolution of boxing gear technology and design over the decades, the expansion of boxing into mainstream fitness and training programs, the rise of boxing-focused media and entertainment, including films and documentaries, and the development of international boxing organizations and tournaments.
The boxing gear market size is expected to reach strong growth in the next few years. It will grow to $2.18 billion in 2028 at a compound annual growth rate (CAGR) of 7.1%. The growth in the forecast period can be attributed to a surge in demand for advanced safety and injury prevention gear, the growth of amateur boxing and youth participation programs, an increasing focus on sports science and performance optimization, the expansion of boxing-themed fitness programs and franchises, technological innovations in gear manufacturing and materials, and the rising popularity of mixed martial arts (MMA) and cross-training. Major trends in the forecast period include the adoption of AI and data analytics for personalized training insights, Growth in multifunctional and versatile boxing gear, integration of fitness tracking apps with boxing gear, enhanced focus on sustainability and eco-friendly product lines, the emergence of hybrid boxing gear combining traditional and modern elements, and the development of interactive and immersive training experiences.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/boxing-gear-global-market-report
Scope Of Boxing Gear Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Boxing Gear Market Overview
Market Drivers –
The increase in participation in combat sports events is expected to propel the growth of the boxing gear market going forward. Combat sports events are organized competitions where participants engage in physical contests involving striking, grappling, or other forms of direct combat. The rise in participation in combat sports events can be attributed to the growing popularity of these sports as thrilling and challenging activities, driven by increased media coverage and celebrity endorsements. Boxing gear is used in combat sports events to ensure athletes’ safety and enhance performance by providing protection and support during matches. For instance, in March 2024, according to a survey of 2000 people conducted by Our Sporting Life, a UK-based sports magazine company, around 4.4% of people in the UK plan to participate in boxing at least monthly, up from 4.1% in 2023. This increase is particularly evident among younger demographics, with 8.91% of those aged 16–24 and 8.41% of those aged 25–34 engaging regularly, compared to 7.5% and 7.2%, respectively, in the previous year. Therefore, the increase in participation in combat sports events is driving the growth of the boxing gear market.
Market Trends –
Major companies operating in the boxing gear market are focusing on developing advanced products, such as 3D-printed boxing gloves, to enhance product precision, durability, and performance. 3D-printed boxing gloves refer to custom-made gloves created using 3D printing technology, allowing for precise design adjustments tailored to an individual’s hand shape, comfort, and performance needs. For instance, in April 2023, Hayabusa Fightwear Inc., a Canada-based sports equipment and apparel manufacturer, launched the T3D boxing gloves, developed using advanced 3D printing technology. This innovative approach, likely utilizing SLA or DLP resin printing, replaces traditional foam with lattice structures containing thousands of shock absorbers. This design offers superior durability and precision compared to conventional methods. The T3D gloves also feature enhanced energy absorption, improved hand comfort, and a double strap closure system with wrist splint support to boost athlete performance.
The boxing gear market covered in this report is segmented –
1) By Product Type: Boxing Gloves, Hand Wraps, Mouthguards, Headgear, Punching Bags, Training Equipment, Protective Clothing, Other Product Types
2) By Price: Low, Medium, High
3) By Distribution Channel: Online Retail, Sports Stores, Specialty Stores, Hypermarkets And Supermarkets, Other Distribution Channels
4) By End-User: Professional Boxers, Amateur Boxers, Fitness Enthusiasts, Boxing Clubs, Other End-Users
Get an inside scoop of the boxing gear market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19345&type=smp
Regional Insights –
North America was the largest region in the boxing gear market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the boxing gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the boxing gear market are Nike Inc., Adidas AG, Under Armour Inc., TKO Sports Inc., RDX Sports Limited, Lonsdale Limited, Century Martial Arts LLC, Everlast Worldwide Inc., Venum Equipment LLC, Yokkao Co. Ltd., Hayabusa Fightwear Inc., FightCamp Inc., BoxUnion Inc., Ringside Inc., TITLE Boxing Club LLC, Pro-Box Limited, Taishan Sports Industry Group Co. Ltd., Rival Boxing Gear Inc., Combat Corner Professional LLC, ProForce Inc., Top King Boxing Co. Ltd., BOXRAW Limited
Table of Contents
1. Executive Summary
2. Boxing Gear Market Report Structure
3. Boxing Gear Market Trends And Strategies
4. Boxing Gear Market – Macro Economic Scenario
5. Boxing Gear Market Size And Growth
…..
27. Boxing Gear Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
