Punching Bag Market: Size, Growth Analysis, Opportunities, Business Outlook, Competitive Landscape and Forecast By 2027
Punching bags are generally used in military training, martial arts, swordplay, and combat sports. Repeatedly punching this bag helps in developing punching techniques. Other than punching, these bags are used for striking maneuvers and for practicing kicking. Punching bags are training instruments that can help in developing power, stamina, and strengthening hands or any other limb used to hit the bag.
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The main factor that drives the demand for all sorts of punching bags in the global market is the increase in popularity of sports like boxing, kickboxing, and others. Similarly, martial arts, which began in the Asia-Pacific region, is a very popular sport in countries like Thailand, Japan, China, and other South East Counties. In addition, Mixed Martial Arts (MMA) is also gaining popularity across the globe. Because of this, the number of MMA professional players are increasing in number. An increase in the number of combat sports and martial art professionals is increasing the demand for training equipment like punching bags. Apart from this training on punching bags lowers fat and also reduces the chances of cardiovascular diseases, which is increasing the demand for punching bags, globally. Participation in fitness activities is also increasing as people are becoming more aware of these activities, thereby again propelling the demand for the global punching bags market.
However, as the need for punching bags is focused on a few particular sports only, this is restraining its market growth. Also, chances of getting hurt, like twisting one’s wrists, is common, while using punching bags, which hampers the market demand for punching bags globally.
COVID-19 Scenario Analysis:
COVID-19 pandemic has deeply impacted the market for punching bags.
The fitness studios & gyms training centers, sports centers, schools & universities are shut due to the lockdown situation, thereby reducing sales of training equipment like a punching bag.
As social distancing is practiced to protect oneself from this dangerous disease, going to the training centers is not possible, as this might increase the chances for the spread of the corona virus.
Also, sports events around the world have been postponed or canceled due to the COVID-19 pandemic, affecting the market for punching bags.
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Regions covered – North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
Competitive analysis – Adidas Combat Sports Gear, Outslayer, Everlast Worldwide Inc., RDX Sports, King Professional, Fairtex, Twins Special Co. Ltd., Century LLC, Hayabusa Fightwear Inc., TITLE Boxing, Ringside, Nazo Boxing, USI Universal, and Combat Sports Inc.
Key Segments Covered:
• Heavy Bag
• Maize Bag
• Seed Bag
• Uppercut Bag
• Angle Bag
• Freestanding Punching Bag
• Fitness Studios & Gyms Training
• Sports Centers
• Schools & Universities
• Direct to Customer Online Channel
• Third-Party Online Channel
• Direct to Customer Institutional Channel
• Modern Trade Channels
• Franchised Sports Outlets
• Independent Sports Outlets
Key Benefits of the Report:
○ This study presents the analytical depiction of the global punching bag industry along with the current trends and future estimations to determine the imminent investment pockets.
○ The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global punching bag market share.
○ The current market is quantitatively analyzed from 2020 to 2027 to highlight the global punching bag market growth scenario.
○ Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
○ The report provides a detailed global punching bag market analysis based on competitive intensity and how the competition will take shape in coming years.
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