What is Boxing Gloves Market Scope?
An increasing number of Boxing tournaments, as well as the fast-growing sports infrastructures and the increasing participants in the boxing tournaments, will propel the business growth of the boxing gloves market. Boxing Gloves which are also known as Cushioned Gloves are worn by the boxers in their hands to minimize respective injuries to the players. It also enables to lay stronger punches to head with minimized chances of brain injuries. “Currently, boxing is gaining immense popularity as a sport, with the AIBA International Boxing Association seeking propulsion in events of women’s boxing in the Olympic program that is to be held at Tokyo in 2020.”
Influencing Trend:
Growing Number of Boxing Participants and Tournaments across the Globe and Improved Material of Boxing Gloves as well as Introduction to Durable and Light Weight Boxing Gloves
Market Growth Drivers:
Increasing Number of Boxing Competitions across the Globe and Need of Boxing Gloves is Increasing as it Minimizes the Facial Injuries
Challenges:
Lack of Sports Infrastructure in Underdeveloped Countries
Restraints:
Moderate Quality of Fabric might cause Irritations and even Skin Infection and Lack of Cushioning may Injure Hand or Opponents Face
Opportunities:
Introduction to Smart and Digitally Enabled Boxing Gloves which can Analyse Frequency, Power and Many Others Constraints and Growing Awareness about Sports Fitness and Health Awareness
The Boxing Gloves market study is being classified by Type (Bag Gloves, Sparring Gloves and Competition Gloves), by Application and major geographies with country level break-up.
Boxing Gloves market is a fragmented market due to the presence of various players. Companies are focusing on developing innovative products to improve quality, enhances and promotes performance. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launch, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analysts at AMA predicts that Vendors from United States will contribute to the maximum growth of Global Boxing Gloves market throughout the predicted period.
Everlast (United States), Winning (Japan), Adidas (Germany), Brucelee (China), Lonsdale (United Kingdom), Combat Sports International (United States), Venum (United States), Top King Boxing Co. Ltd. (Thailand), Ringside, Inc. (United States), Twins Special Co., Ltd. (Thailand), Cleto Reyes Boxing Gloves (United States), Ultimate Fighting Championship (UFC) United States, Reebok (United Kingdom), Revgear (United States), Century LLC. (United States) and thrasio (United States) are some of the key players profiled in the study.
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Boxing Gloves market by Type, Application and Region.
On the basis of geography, the market of Boxing Gloves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Influencers and their Development Strategies
In August 2022, Beast Gear e-commerce fitness brand acquired by thrasio. This acquisition helped thrasio to expand its presence in boxing gloves market
On 18th January, 2019, Adidas has launched of its new accelerator program named “Platform A” at Station F, the world’s largest start-up campus located in Paris. The company has selected 13 start-ups on new business initiatives for the sports industry starting in January. Adidas is investing a total of one million euros in the development of the program.
The Golden Gloves of America, Inc. is one of the National Boxing Associations in the United States. The Organization currently consists of 30 Franchises that have designated Franchise territories in which they conduct their competitions. Franchises are awarded to local organizations interested in the promotion and betterment of amateur boxing. Franchise territories are defined by maps and descriptions kept on file by the Golden Gloves of America Territorial Committee. Each Franchise has a delegate that represents their Franchise at the National level.
Key Target Audience
Boxing Gloves Manufacturers, Boxing Accessories Manufacturers, Boxing Equipment Distributors and Traders, Sports Industry Associations, Sports Regulatory Organizations and Others
Boxing Gloves Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Boxing Gloves Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Boxing Gloves industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.