Global Boxing Gloves Market, By Glove Type (Bag Gloves, Sparring Gloves and Competition Gloves), Material Type (PU leather, Genuine Leather and Microfiber Leather), Application (Amateur Boxing and Professional Boxing), Sales Channel (Online Distribution Channel and Offline Distribution Channel), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights: Global Boxing Gloves Market
The boxing gloves market is expected to be growing at a growth rate of 6.50% in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the factors responsible for fostering the growth of boxing gloves market. This rise in boxing gloves market value can be attributed to the various factors such as increased focus of the product manufacturers on product innovations, surging popularity of combat sports such as boxing, growing participation of youngsters in professional sports, growing popularity of e-commerce platforms especially in the developing economies and increasing personal disposable income. Therefore, the boxing gloves market value, which was USD 110 million in 2020, would stand tall by USD 182.04 million by 2028.
From the name itself, it is clear that boxing gloves are the hand gloves that are worn by the boxers while playing or practicing the sport. Boxing gloves are a part of boxing equipment that are also known as cushioned gloves. These gloves are used to protect the hands of the boxer and also reduce the superficial facial injuries. These are available via both online and offline modes of distribution.
Rising globalization and growing fondness to experience world boxing championships by the viewers on television and other platforms are the major factors fostering the growth of the market. Growing participation of women in boxing, rise in the prominence of private-label brands and increased focus of the manufacturers on the quality of boxing equipment are some other indirect market growth determinants. Growing penetration of e-commerce platforms and rising number of endorsements using celebrities and social media influencers will also create lucrative and remunerative market growth opportunities in the long run.
- On the flip side, fluctuations in the prices of raw materials that are used to manufacture the gloves will pose a major challenge to the growth of market in the long run. Also, lack of required infrastructure in the developing and underdeveloped economies will further derail the market growth rate. Also, growing competition from the other sports will yet again hamper the market growth rate.
This boxing gloves market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on boxing gloves market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Boxing Gloves Market Scope and Market Size
The boxing gloves market is segmented on the basis of glove type, material type, application and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of glove type, the boxing gloves market is segmented into bag gloves, sparring gloves and competition gloves.
- On the basis of material type, the boxing gloves market is segmented into PU leather, genuine leather and microfiber leather.
- On the basis of application, the boxing gloves market is segmented into amateur boxing and professional boxing.
- On the basis of sales channel, the boxing gloves market is segmented into online distribution channel and offline distribution channel. Online distribution channel segment is sub-segmented into company owned websites and e- commerce platforms. Offline distribution channel segment is sub-segmented into wholesalers, distributors, sports stores and other stores.
Boxing Gloves Market Country Level Analysis
The boxing gloves market is analysed and market size insights and trends are provided by country, glove type, material type, application and sales channel as referenced above.
The countries covered in the boxing gloves market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.
Asia-Pacific region dominates the boxing gloves market and will continue to excel its trend of dominance during the forecast period owing to the growing participation of women in boxing. Asia-Pacific will continue to undergo substantial gains owing to the growing health awareness and rising popularity of boxing in this region.
The country section of the boxing gloves market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Boxing Gloves Market Share Analysis
The boxing gloves market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to boxing gloves market.
The major players covered in the boxing gloves market report are Everlast Worldwide, Inc., Revgear, Century LLC., Hayabusa Fightwear Inc., TWINS SPECIAL, Combat Brands LLC., Fairtex, Rival Boxing Gear Inc., Venum, Windy Fight Gear Official, Budoland, Last Round Equipment, SMAI, China Fujian Weizhixing Sports Goods Co., Ltd, Weifang Zhongchengwang Sports Goods Development Co., Baoding Sangmoodo Sports Products Manufacturing Co. Ltd, MPS Equipments Pvt Ltd, Adidas AG., Reebok International Ltd., Kozuji. znd PRO BOXING EQUIPMENT among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
SKU-