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Global Boxing Gloves Market Outlook - Market Size, Growth Prospects, Trends And Industry Analysis 2023-2032 | Nike Inc, Adidas AG, VF Corporation, Puma S, Columbia Sportswear Company
Boxing Gloves Market
The Business Research Company's Boxing Gloves Global Market Report 2023 identifies growing popularity of combat sports as the major driver for the Boxing Gloves market's growth in the forecast period. Combat sports refer to those in which competitors intentionally make complete contact with an opponent to score points, force an opponent to submit, or render an opponent helpless during a competition, match, or exhibition.
The global boxing gloves market is expected to grow from $1.23 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The boxing gloves market is expected to reach $1.69 billion in 2027 at a CAGR of 6.3%.
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Major competitors in the Boxing Gloves market are Nike Inc, Adidas AG, VF Corporation, Puma S, Columbia Sportswear Company.
A key trend in the Boxing Gloves market includes Product innovations. Major companies operating in the boxing gloves market are focused on introducing innovative products and solutions to sustain their position in the market. For instance, in April 2023, Hayabusa Fightwear Inc., a Canada-based sporting goods provider, launched Hayabusa T3D, the world's first 3D-printed boxing gloves with thousands of force-dampening struts. The new T3D gloves use a mesh network of geometric cells designed to channel and absorb energy upon impact while keeping your hands comfy. This 3D lattice has thousands of force-dampening struts that have been shown to outperform and outlast conventional foam construction.
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The Boxing Gloves market is segmented -
1. By Glove Type: Sparring Gloves, Bag Gloves, Competition Gloves
2. By Material Type: PU Leather, Genuine Leather, Microfiber Leather
3. By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retails, Other Distribution Channels
4. By Application: Amateur Boxing, Professional Boxing
5. By End User: Kids, Adults
6. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Boxing Gloves market.
The Business Research Company's "Global Boxing Gloves Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Boxing Gloves Market Include:
1. Executive Summary
2. Boxing Gloves Market Characteristics
3. Boxing Gloves Market Trends And Strategies
4. Boxing Gloves Market - Macro Economic Scenario
……
32. Global Boxing Gloves Market Competitive Benchmarking
33. Global Boxing Gloves Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Boxing Gloves Market
35. Boxing Gloves Market Future Outlook and Potential Analysis
36. Appendix
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