Boxing Gear Market Dynamics - 2021 to 2031
The Boxing Gear Market is expected to register a CAGR of 7.3% from 2024 to 2031, with a market size expanding from US$ XX million in 2024 to US$ XX Million by 2031.
The report is divided into two sections: Product Type (Punching Bags, Gloves, Protective Equipment, Footwear) and Distribution Chanel (Supermarkets and Hypermarkets, Specialty Stores, Online Retail). The global analysis is broken down at the regional level and major countries. The market evaluation is presented in US$ for the above segmental analysis.
Purpose of the ReportThe report Boxing Gear Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Boxing Gear Market Segmentation
Product Type- Punching Bags
- Gloves
- Protective Equipment
- Footwear
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Retail
Strategic Insights
Boxing Gear Market Growth Drivers- Rising Popularity of Boxing and Mixed Martial Arts (MMA): The increasing popularity of boxing and MMA as both professional and recreational sports is a significant driver of market growth. This surge in interest translates to higher demand for training equipment and protective gear.
- Focus on Fitness and Health: Boxing training has gained recognition as an effective full-body workout, improving cardiovascular health, strength, and agility. This has led to increased participation in boxing-inspired fitness programs and gyms, driving demand for boxing gear among fitness enthusiasts.
- Technological Advancements in Gear Manufacturing: Innovations in materials science and manufacturing technologies have led to the development of lighter, more durable, and more comfortable boxing gear. This includes advancements in glove construction, padding materials, and protective gear designs.
- Integration of Technology: The integration of technology into boxing gear is expected to gain traction. This may include features like sensors embedded in gloves to track punches, monitor performance data, and provide real-time feedback to athletes.
- Focus on Customization and Personalization: The demand for customized boxing gear is likely to increase, with athletes seeking gear tailored to their individual needs and preferences, such as customized glove sizes and padding, and personalized protective gear designs.
- Emphasis on Sustainability and Eco-Friendly Materials: Growing environmental concerns are driving the demand for sustainable and eco-friendly boxing gear. Manufacturers are exploring the use of recycled materials, minimizing waste, and adopting eco-conscious production processes.
- Expanding into Emerging Markets: Exploring untapped markets in developing countries with growing interest in boxing and fitness presents significant growth opportunities for the boxing gear market.
- Developing Innovative Gear for Specific Training Needs: Focusing on developing specialized gear for specific training needs, such as speed training, power training, and injury prevention, can create new market segments and attract niche customer bases.
- Collaborating with Athletes and Trainers: Collaborating with professional athletes and renowned trainers can provide valuable insights into the evolving needs and preferences of boxers, leading to the development of more effective and innovative gear.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Boxing Gear Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Boxing Gear Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
The leading players of the market are: Under Armor Inc., Nike Inc., Adidas, Cleto Reyes Boxing, Winning, Revgear, VENUM, Prokicksports, BOXFIR UK Ltd., Everlast Worldwide, Inc.
The future trends of the Boxing Gear Market are: Integration of Technology, Focus on Customization and Personalization and Emphasis on Sustainability and Eco-Friendly Materials
Boxing Gear Market is expected to grow at a CAGR of 7.3% between 2023-2031
The driving factors impacting the Boxing Gear Market are: Rising Popularity of Boxing and Mixed Martial Arts (MMA), Focus on Fitness and Health and Technological Advancements in Gear Manufacturing
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Boxing Gear Market - By Product Type
1.3.2 Boxing Gear Market - By Distribution Channel
1.3.3 Boxing Gear Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BOXING GEAR MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BOXING GEAR MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BOXING GEAR MARKET - GLOBAL MARKET ANALYSIS
6.1. BOXING GEAR - GLOBAL MARKET OVERVIEW
6.2. BOXING GEAR - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BOXING GEAR MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. PUNCHING BAGS
7.3.1. Overview
7.3.2. Punching Bags Market Forecast and Analysis
7.4. GLOVES
7.4.1. Overview
7.4.2. Gloves Market Forecast and Analysis
7.5. PROTECTIVE EQUIPMENT
7.5.1. Overview
7.5.2. Protective Equipment Market Forecast and Analysis
7.6. FOOTWEAR
7.6.1. Overview
7.6.2. Footwear Market Forecast and Analysis
7.7. OTHERS
7.7.1. Overview
7.7.2. Others Market Forecast and Analysis
8. BOXING GEAR MARKET - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
8.1. OVERVIEW
8.2. DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
8.3. SUPERMARKETS AND HYPERMARKETS
8.3.1. Overview
8.3.2. Supermarkets and Hypermarkets Market Forecast and Analysis
8.4. SPECIALTY STORES
8.4.1. Overview
8.4.2. Specialty Stores Market Forecast and Analysis
8.5. ONLINE RETAIL
8.5.1. Overview
8.5.2. Online Retail Market Forecast and Analysis
8.6. OTHERS
8.6.1. Overview
8.6.2. Others Market Forecast and Analysis
9. BOXING GEAR MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Boxing Gear Market Overview
9.1.2 North America Boxing Gear Market Forecasts and Analysis
9.1.3 North America Boxing Gear Market Forecasts and Analysis - By Product Type
9.1.4 North America Boxing Gear Market Forecasts and Analysis - By Distribution Channel
9.1.5 North America Boxing Gear Market Forecasts and Analysis - By Countries
9.1.5.1 United States Boxing Gear Market
9.1.5.1.1 United States Boxing Gear Market by Product Type
9.1.5.1.2 United States Boxing Gear Market by Distribution Channel
9.1.5.2 Canada Boxing Gear Market
9.1.5.2.1 Canada Boxing Gear Market by Product Type
9.1.5.2.2 Canada Boxing Gear Market by Distribution Channel
9.1.5.3 Mexico Boxing Gear Market
9.1.5.3.1 Mexico Boxing Gear Market by Product Type
9.1.5.3.2 Mexico Boxing Gear Market by Distribution Channel
9.2. EUROPE
9.2.1 Europe Boxing Gear Market Overview
9.2.2 Europe Boxing Gear Market Forecasts and Analysis
9.2.3 Europe Boxing Gear Market Forecasts and Analysis - By Product Type
9.2.4 Europe Boxing Gear Market Forecasts and Analysis - By Distribution Channel
9.2.5 Europe Boxing Gear Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Boxing Gear Market
9.2.5.1.1 Germany Boxing Gear Market by Product Type
9.2.5.1.2 Germany Boxing Gear Market by Distribution Channel
9.2.5.2 France Boxing Gear Market
9.2.5.2.1 France Boxing Gear Market by Product Type
9.2.5.2.2 France Boxing Gear Market by Distribution Channel
9.2.5.3 Italy Boxing Gear Market
9.2.5.3.1 Italy Boxing Gear Market by Product Type
9.2.5.3.2 Italy Boxing Gear Market by Distribution Channel
9.2.5.4 United Kingdom Boxing Gear Market
9.2.5.4.1 United Kingdom Boxing Gear Market by Product Type
9.2.5.4.2 United Kingdom Boxing Gear Market by Distribution Channel
9.2.5.5 Russia Boxing Gear Market
9.2.5.5.1 Russia Boxing Gear Market by Product Type
9.2.5.5.2 Russia Boxing Gear Market by Distribution Channel
9.2.5.6 Rest of Europe Boxing Gear Market
9.2.5.6.1 Rest of Europe Boxing Gear Market by Product Type
9.2.5.6.2 Rest of Europe Boxing Gear Market by Distribution Channel
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Boxing Gear Market Overview
9.3.2 Asia-Pacific Boxing Gear Market Forecasts and Analysis
9.3.3 Asia-Pacific Boxing Gear Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Boxing Gear Market Forecasts and Analysis - By Distribution Channel
9.3.5 Asia-Pacific Boxing Gear Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Boxing Gear Market
9.3.5.1.1 Australia Boxing Gear Market by Product Type
9.3.5.1.2 Australia Boxing Gear Market by Distribution Channel
9.3.5.2 China Boxing Gear Market
9.3.5.2.1 China Boxing Gear Market by Product Type
9.3.5.2.2 China Boxing Gear Market by Distribution Channel
9.3.5.3 India Boxing Gear Market
9.3.5.3.1 India Boxing Gear Market by Product Type
9.3.5.3.2 India Boxing Gear Market by Distribution Channel
9.3.5.4 Japan Boxing Gear Market
9.3.5.4.1 Japan Boxing Gear Market by Product Type
9.3.5.4.2 Japan Boxing Gear Market by Distribution Channel
9.3.5.5 South Korea Boxing Gear Market
9.3.5.5.1 South Korea Boxing Gear Market by Product Type
9.3.5.5.2 South Korea Boxing Gear Market by Distribution Channel
9.3.5.6 Rest of Asia-Pacific Boxing Gear Market
9.3.5.6.1 Rest of Asia-Pacific Boxing Gear Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Boxing Gear Market by Distribution Channel
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Boxing Gear Market Overview
9.4.2 Middle East and Africa Boxing Gear Market Forecasts and Analysis
9.4.3 Middle East and Africa Boxing Gear Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Boxing Gear Market Forecasts and Analysis - By Distribution Channel
9.4.5 Middle East and Africa Boxing Gear Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Boxing Gear Market
9.4.5.1.1 South Africa Boxing Gear Market by Product Type
9.4.5.1.2 South Africa Boxing Gear Market by Distribution Channel
9.4.5.2 Saudi Arabia Boxing Gear Market
9.4.5.2.1 Saudi Arabia Boxing Gear Market by Product Type
9.4.5.2.2 Saudi Arabia Boxing Gear Market by Distribution Channel
9.4.5.3 U.A.E Boxing Gear Market
9.4.5.3.1 U.A.E Boxing Gear Market by Product Type
9.4.5.3.2 U.A.E Boxing Gear Market by Distribution Channel
9.4.5.4 Rest of Middle East and Africa Boxing Gear Market
9.4.5.4.1 Rest of Middle East and Africa Boxing Gear Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Boxing Gear Market by Distribution Channel
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Boxing Gear Market Overview
9.5.2 South and Central America Boxing Gear Market Forecasts and Analysis
9.5.3 South and Central America Boxing Gear Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Boxing Gear Market Forecasts and Analysis - By Distribution Channel
9.5.5 South and Central America Boxing Gear Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Boxing Gear Market
9.5.5.1.1 Brazil Boxing Gear Market by Product Type
9.5.5.1.2 Brazil Boxing Gear Market by Distribution Channel
9.5.5.2 Argentina Boxing Gear Market
9.5.5.2.1 Argentina Boxing Gear Market by Product Type
9.5.5.2.2 Argentina Boxing Gear Market by Distribution Channel
9.5.5.3 Rest of South and Central America Boxing Gear Market
9.5.5.3.1 Rest of South and Central America Boxing Gear Market by Product Type
9.5.5.3.2 Rest of South and Central America Boxing Gear Market by Distribution Channel
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BOXING GEAR MARKET, KEY COMPANY PROFILES
11.1. UNDER ARMOR INC.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. NIKE INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. ADIDAS
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. CLETO REYES BOXING
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. WINNING
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. REVGEAR
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. VENUM
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PROKICKSPORTS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BOXFIR UK LTD
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. EVERLAST WORLDWIDE, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Under Armor Inc.
2.Nike Inc.
3.Adidas
4.Cleto Reyes Boxing
5.Winning
6.Revgear
7.VENUM
8.Prokicksports
9.BOXFIR UK Ltd
10.Everlast Worldwide, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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