Market Size of Boxing Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Boxing Equipment Market Analysis
The Boxing Equipment Market is projected to register a CAGR of 5.2% during the forecast period, 2022-2027.
Worldwide growth in sports participation due to the increased adoption of a healthy lifestyle is identified as the key market driver in the boxing equipment market. With the increased consciousness about health, people are trying to be more active and participate in sports such as boxing to improve their overall physique and well-being. Therefore, investing in the right boxing equipment that protects an individual against possible injury and hazards is imperative. Additionally, the number of boxing world championships and tournaments is increasing, and the sports industry is promoting boxing as a mainstream sport, which in turn drives the sales of boxing equipment. Further, rising awareness regarding animal welfare and environmental issues is promoting the preference for sustainable and animal cruelty-free products. As a result, key companies are focusing on product innovation and launching sustainable boxing equipment. For instance, in October 2020, Boxing apparel company - Sanabul partnered with Dessert-the Mexico-based company specializing in cactus leather. Through this partnership, Sanabul launched a new range of boxing gloves called Los Cactus, made with cactus leather.
Moreover, increasing grassroots movements by key authorities to encourage participation in boxing is anticipated to drive the demand for boxing equipment. These programs are primarily designed to help young people to grow into professional athletes. For instance, Advanced Apprenticeships in Sporting Excellence (AASE), a government-funded program established and operated by England Boxing's partners SkillsActive identifies and assists young, gifted athletes. Students can receive certifications for their boxing growth through this program's combination of educational possibilities and high-performance boxing instruction.
Boxing Equipment Industry Segmentation
Boxing equipment is used by an individual while training and competing in boxing. Boxing is a combat sport that is highly popular among the young population. The global boxing equipment market is segmented by type, distribution channel, and geography. By type, the market is segmented into gloves, protective equipment, hand wraps, punching bags, footwear, and others. In terms of distribution channels, the market is segmented into offline and online channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Type | |
| Gloves | |
| Protective Equipment | |
| Hand Wraps | |
| Punching Bags | |
| Footwear | |
| Others |
| By Distribution Channel | |
| Offline Channel | |
| Online Channel |
| By Geography | |||||||||
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Boxing Equipment Market Size Summary
The boxing equipment market is experiencing growth driven by an increased global interest in sports participation and a shift towards healthier lifestyles. This trend is encouraging more individuals to engage in boxing, both as a sport and a fitness activity, thereby boosting the demand for protective and high-quality boxing gear. The rise in boxing tournaments and the sport's promotion as a mainstream activity further contribute to this market expansion. Additionally, there is a growing emphasis on sustainability and animal welfare, prompting companies to innovate and offer eco-friendly and cruelty-free products. Initiatives like partnerships for sustainable materials, such as Sanabul's collaboration with Dessert for cactus leather gloves, highlight this trend. Grassroots movements and programs aimed at nurturing young talent in boxing are also playing a significant role in driving market demand, as seen with initiatives like the Advanced Apprenticeships in Sporting Excellence in the UK.
The market is also witnessing a notable increase in female participation in boxing, creating new opportunities for brands to tap into this expanding demographic. Efforts to reduce the gender gap in sports, such as the International Boxing Association's expansion of women's categories in major competitions, reflect this positive shift. The growing popularity of boxing as a fitness sport, particularly in regions like the United States, is further supported by the introduction of various levels of tournaments and championships. The market is moderately competitive, with key players like Century LLC, Frasers Group plc, and Hayabusa Fightwear Inc. employing strategies such as product innovation and strategic partnerships to enhance their market presence. Recent product launches, including Adidas Boxing's Tilt 350‚Ñ¢ gloves and Society Nine's expanded footwear offerings, underscore the ongoing commitment to meeting consumer demands for advanced and specialized boxing equipment.
Boxing Equipment Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Gloves
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2.1.2 Protective Equipment
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2.1.3 Hand Wraps
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2.1.4 Punching Bags
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2.1.5 Footwear
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2.1.6 Others
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2.2 By Distribution Channel
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2.2.1 Offline Channel
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2.2.2 Online Channel
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Mexico
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2.3.1.4 Rest of North America
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2.3.2 Europe
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2.3.2.1 United Kingdom
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2.3.2.2 Germany
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2.3.2.3 Spain
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2.3.2.4 France
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2.3.2.5 Italy
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2.3.2.6 Russia
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2.3.2.7 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 Japan
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2.3.3.3 Thailand
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2.3.3.4 Australia
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle East & Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle East & Africa
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Boxing Equipment Market Size FAQs
What is the current Boxing Equipment Market size?
The Boxing Equipment Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Boxing Equipment Market?
Century, LLC, Frasers Group plc, Hayabusa Fightwear Inc., PRO BOXING EQUIPMENT and Kozuji are the major companies operating in the Boxing Equipment Market.
