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Boxing Gloves Market 2023 Overview, Opportunities, Top Manufactures, Market Dynamics, And Forecasts To 2029

03-02-2023 09:49 AM CET | Sports

Press release from: Introspective Market Research

Boxing Gloves Market 2023 Overview, Opportunities, Top

Market Overview:
The Global Boxing Gloves market was valued at USD 164.61 million in 2021 and is expected to reach USD 180.56 million by the year 2028, at a CAGR of 1.33%

Boxing gloves are cushioned gloves that fighters wear on their hands during boxing matches and practices. Unlike "fist-load weapons" (such as the ancient cestus) which were designed as a lethal weapon, modern boxing gloves are non-lethal, designed to protect both the opponent's head and the fighter's hand during a bout. Sparring and other forms of boxing training have their own specialized gloves. The primary reason boxing gloves are used in the sport of boxing is to protect the boxer's hand from injuries. Hand injuries are extremely common in combat sports, despite glove use.

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Market Dynamics:
Driver:
The millennial generation prefers to lead a healthy lifestyle and places a high priority on health. Youth participate actively in sports, especially in sports like boxing, in addition to following a strict diet and a severe workout programme. Sports have several benefits, including enhancing mental health, enhancing confidence, and increasing health and well-being. Males between the ages of 16 and 18 had a 79% active engagement rate, which represented an 11% rise. As a result, there will be a rise in demand for boxing gloves as young sports participation increases.

Opportunities:
Along with boxing, women's participation in sports has increased recently, creating a profitable market opportunity for sports equipment makers. As a result, there is now less of a gender gap among competitors in international competitions and championships. According to the Olympic Agenda 2020, for instance, the International Olympic Committee must work with various international federations to increase female participation in the Olympic Games to at least 50%. In the past, men predominated in the sport of boxing. In the Tokyo 2020 Olympic Games, the International Boxing Association (AIBA) has increased the number of women's boxing categories.

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The Report Will Contains A Crucial Chapter
• Patent Analysis
• Regulatory Framework
• Technology Roadmap
• BCG Matrix
• Heat Map Analysis
• Price Trend Analysis
• Investment Analysis
• Company Profiling and Competitive Positioning
• Industry Value Chain Analysis
• Market Dynamics and Factors
• Porter's Five Forces Analysis
• Pestle Analysis
• SWOT Analysis

Segmentation of Boxing Gloves Market:
By Solutions
• PU leather
• Genuine Leather
• Microfiber leather

By Application
• Amateur (Playing Sandbag/Boxing Training Etc.)
• Business competition

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Regional Insights:
By region, Boxing gloves market is segmented into North-America, Latin America, Asia-Pacific, Europe and MEA. In this segment, North-America segment is accounted for the largest segment with the market share of 31.02% and estimated to have a market size of USD 54.48 million in the year 2026 with the CAGR of 1.33%. Boxing gloves market in North-America is slowly down-falling due to the shortage and curtailed supply of the Boxing Gloves as the majority of the countries witnessed lockdown during the pandemic.
• North America (U.S., Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
• Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
• South America (Brazil, Argentina, Rest of SA)

Are Concerned about the possibility of an economic recession and unsure how to adapt to the current social and economic climate? Considering the current economic situation, it is crucial to conduct market research to evaluate the forthcoming opportunities and threats. Introspective Market Research is here to assist you in overcoming these threats and seizing the opportunities that will soon become available. Do not be concerned about the market study and analysis; we will assist you by providing the most up-to-date market research reports at the most affordable prices.

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Key Players For Boxing Gloves Market
• Adidas
• Everlast
• Venum
• Top king
• Faiex
• Zooboo
• Kangrui
• Twins
• Maizo
• Brucelee

Impact of COVID-19 on Boxing gloves Market
Amidst the lockdown, due to the pandemic the Olympics that were going to be held in 2020 in Tokyo got cancelled which impacted the market negatively. During the pandemic, training institutes had to shut down and be on a lockdown which decreased the sales of the boxing gloves. All the public events and the boxing training and leagues were on hold due to the corona virus which disrupted the market. Boxing gloves market for boxing gloves with the on-going relaxations in the lockdown is expected to be steady and grow at a moderate pace in the forecast period.

Table of Content:
Chapter 1: Introduction
 1.1 Research Objectives
 1.2 Research Methodology
 1.3 Research Process
 1.4 Scope and Coverage
  1.4.1 Market Definition
  1.4.2 Key Questions Answered
 1.5 Market Segmentation

Chapter 2:Executive Summary

Chapter 3:Growth Opportunities By Segment
 3.1 By Type
 3.2 By Application

Chapter 4: Market Landscape
 4.1 Porter's Five Forces Analysis
  4.1.1 Bargaining Power of Supplier
  4.1.2 Threat of New Entrants
  4.1.3 Threat of Substitutes
  4.1.4 Competitive Rivalry
  4.1.5 Bargaining Power Among Buyers
 4.2 Industry Value Chain Analysis
 4.3 Market Dynamics
  3.5.1 Drivers
  3.5.2 Restraints
  3.5.3 Opportunities
  3.5.4 Challenges
 4.4 Pestle Analysis
 4.5 Technological Roadmap
 4.6 Regulatory Landscape
 4.7 SWOT Analysis
 4.8 Price Trend Analysis
 4.9 Patent Analysis
 4.10 Analysis of the Impact of Covid-19
  4.10.1 Impact on the Overall Market
  4.10.2 Impact on the Supply Chain
  4.10.3 Impact on the Key Manufacturers
  4.10.4 Impact on the Pricing

Chapter 4: Boxing gloves Market by Type
 4.1 Boxing gloves Market Overview Snapshot and Growth Engine
 4.2 Boxing gloves Market Overview
 4.3 PU leather
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size (2016-2028F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 PU leather: Grographic Segmentation
 4.4 Genuine Leather
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size (2016-2028F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Genuine Leather: Grographic Segmentation
 4.5 Microfiber leather
  4.5.1 Introduction and Market Overview
  4.5.2 Historic and Forecasted Market Size (2016-2028F)
  4.5.3 Key Market Trends, Growth Factors and Opportunities
  4.5.4 Microfiber leather: Grographic Segmentation

Chapter 5: Boxing gloves Market by Application
 5.1 Boxing gloves Market Overview Snapshot and Growth Engine
 5.2 Boxing gloves Market Overview
 5.3 Amateur (playing sandbag/boxing training etc)
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size (2016-2028F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Amateur (playing sandbag/boxing training etc): Grographic Segmentation
 5.4 Business competition
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size (2016-2028F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Business competition: Grographic Segmentation

Chapter 6: Company Profiles and Competitive Analysis
 6.1 Competitive Landscape
  6.1.1 Competitive Positioning
  6.1.2 Boxing gloves Sales and Market Share By Players
  6.1.3 Industry BCG Matrix
  6.1.4 Ansoff Matrix
  6.1.5 Boxing gloves Industry Concentration Ratio (CR5 and HHI)
Continue.

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Chicago, Illinois
60616 USA
Ph no: +1 773 382 1049

About Us:
Introspective Market Research (introspectivemarketresearch.com) is a visionary research consulting firm dedicated to assist our clients grow and have a successful impact on the market. Our team at IMR is ready to assist our clients flourish their business by offering strategies to gain success and monopoly in their respective fields. We are a global market research company, specialized in using big data and advanced analytics to show the bigger picture of the market trends. We help our clients to think differently and build better tomorrow for all of us. We are a technology-driven research company, we analyse extremely large sets of data to discover deeper insights and provide conclusive consulting. We not only provide intelligence solutions, but we help our clients in how they can achieve their goals.

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