openPR Logo
Press release

Boxing Gloves Market Size to Hit US$ 1.4 Billion by 2031 at 4.6% CAGR

12-08-2023 06:02 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Allied Market Research

Boxing Gloves Market Size to Hit US$ 1.4 Billion by 2031 at 4.6%

According to a new report published by Allied Market Research, titled, "Boxing Gloves Market," The boxing gloves market size was valued at $902.80 million in 2021, and is estimated to reach $1.4 billion by 2031, growing at a CAGR of 4.6% from 2022 to 2031.

Request The Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/15576

The rising participation of kids and women in boxing is a major factor anticipated to drive the global boxing gloves market growth. The developing nations like China, India, and Philippines are encouraging participation of women in boxing. A team of 12 boxers represented India, participated in IBA Women's World Boxing Championship in year 2022 in which 3 medals were won by India. This type of events inspires and motivates women population to participate in various combat sports like boxing. Furthermore, the various government initiatives and financial assistance is boosting the women participation in boxing. For instance, the Ministry of Youth Affairs and Sports, India, has sanctioned 8 men and 12 women boxers' participation in Strandja Memorial Tournament 2022, held in Bulgaria, at full cost to the Indian government. Therefore, rising government initiatives to support boxing players is expected to drive the women participation in boxing, and hence, the demand for the boxing gloves is expected to rise significantly.

The popularity of boxing has witnessed a significant growth through the various social media platforms such as YouTube and Tik-Tok. Boxing gained immense popularity and was instantly on various social media platforms and was on the limelight after the KSI VS Logan Paul Event, which was the first time boxing entered the public media and featured celebrities who were not even well-known for their involvement in the sport. It was one of the key turning moments for the sport. Gloves are a must for the same sport of boxing and are one of the main requirements. The market for boxing gloves is being severely influenced by the growth of participants. People are choosing boxing in greater numbers than ever before, with the increase in the popularity of the sport. Through numerous social media platforms, boxing has gained widespread popularity. Women's boxing is now witnessing remarkable growth in popularity across the globe. Women's boxing has been gaining popularity among competitions and broadcasters. At the Tokyo 2020 Olympic Games, nearly five weight divisions related to women's boxing were introduced. Numerous well-known and sizable organizations support the women's boxing team by covering the costs of training and other necessities for boxing gear, such as boxing gloves. In order to expand their market position globally, market players are focusing on product innovation, such as lightweight gloves and headgear for women.

Inquiry Before Buying @ : https://www.alliedmarketresearch.com/purchase-enquiry/15576



As per the boxing gloves market analysis, the boxing gloves market is segmented on the basis of size, type, buyer, material, and region. Depending on the size, the market is classified into 4 to 10 Oz, 12 to 18 Oz, and above 18 Oz. Depending on type, it is segregated into bag gloves, training gloves, and others. By buyer, it is categorized into institutional and individual. Depending on the material, the market is classified into leather, PU (Polyurethane) leather, superskin, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, Philippines, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, Saudi Arabia, and rest of LAMEA).

According to the boxing gloves market forecast, by size, the 12 to 18 Oz segment dominated the market in 2021, and is expected to retain its dominance during the forecast period. 12 to 18 Oz segment accounted for 61.5% of the boxing gloves market share in 2021. This is attributed to the increased demand for the 12 Oz to 18 Oz sizes among the consumers who weighs 120 pounds to 180 pounds.

As per the boxing gloves market trends, based on type, the training gloves segment is expected to remain dominant during the forecast period. This dominance is attributed to the rising participation of people in practicing boxing in gyms and fitness centers. Training gloves are used on regular basis across the globe by the boxers, which has significantly driven the demand for the training gloves.

Procure Complete Report (300 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/8910d091b1017383d6f055c945ad648a

Depending on the buyer, the institutional segment dominated the global boxing gloves market in 2021. The major drivers influencing the boxing gloves market for institutional buyers are rapid growth of the fitness and boxing industry, increasing popularity of boxing as a workout and recreation activity, growing interest in boxing as a sport, and increasing availability of boxing gloves in the market. These factors led to a growing demand for boxing gloves among institutional buyers such as gyms, boxing clubs, and sports retailers.

Based on the material, the PU leather was the largest segment in 2021. PU leather is a synthetic material that is used in boxing gloves. It provides high durability, comfort and flexibility to the gloves. PU leather boxing gloves are one of the most popular types of boxing gloves today. Some of the many advantages of PU leather include high durability, comfort for prolonged use, cheap cost, and flexibility for wrist mobility.

Region wise, Asia-Pacific is expected to be the fastest-growing market during the forecast period. The major factors driving the growth of the Asia-Pacific boxing gloves industry are the increasing popularity of combat sports such as boxing, kickboxing, and Muay Thai, and the growing demand for boxing gloves from the professional boxing industry. Moreover, boxing is gaining popularity as a form of fitness and self-defense training, especially among women.

The key players operating in the global boxing gloves industry have adopted various developmental strategies to exploit prevailing boxing gloves market opportunities, increase profitability, and remain competitive in the market. The key players profiled in this report include Adidas, Bytomic Martial Arts, Century Martial Arts, Combat Sports, Everlast Worldwide, Fairtex Equipment Co.Ltd., Hayabusa Fightwear Inc., PROLAST Corporation, Reebok International, Revgear, RDX Sports, Sanabul, Title Boxing LLC., Twins Special, and Yokkao.

Request For Customization @ https://www.alliedmarketresearch.com/request-for-customization/15576

Key findings of the study

The global boxing gloves market size was valued at $902.8 million in 2021, and is estimated to reach $1,400.0 million by 2031, registering a CAGR of 4.6% from 2022 to 2031.

By type, the bag gloves segment is estimated to witness the significant growth, registering a CAGR of 4.8% during the forecast period.

In 2021, depending on material, the PU leather segment was valued at $570.9 million, accounting for 63.2% of the global boxing gloves market share.

In 2021, the U.S. was the most prominent market in North America, and is projected to reach $450.5 million by 2031, growing at a CAGR of 3.9% during the forecast period.

Reasons to Buy this Boxing Gloves Market Report:

> Mergers and acquisitions should be well-planned by identifying the best manufacturer.

> Sort new clients or possible partners into the demographic you're looking for.

> Suitable for providing dependable and high-quality data and analysis to assist your internal and external presentations.

> Develop tactical initiatives by gaining a better grasp of the areas in which huge corporations can intervene.

> To increase and grow business potential and reach, develop and plan licencing and licencing strategies by finding possible partners with the most appealing projects.

> Recognize newcomers with potentially strong product portfolios and devise effective counter-strategies to acquire a competitive edge.

> To develop effective R&D strategies, gather information, analysis, and strategic insight from competitors

Related Reports :

Baseball Equipment Market https://www.alliedmarketresearch.com/baseball-equipment-market-A17236

Cricket Equipment Market https://www.alliedmarketresearch.com/cricket-equipment-market-A06355

Baseball Shoes Market https://www.alliedmarketresearch.com/baseball-shoes-market-A13695

Golf Equipment Market https://www.alliedmarketresearch.com/golf-equipment-market

Contact:

David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Boxing Gloves Market Size to Hit US$ 1.4 Billion by 2031 at 4.6% CAGR here

News-ID: 3320103 • Views:

More Releases from Allied Market Research

Optical Brighteners Market size to expand $1.9 billion by 2031, witnessing at 6.1% CAGR from 2022 to 2031
Optical Brighteners Market size to expand $1.9 billion by 2031, witnessing at 6. …
According per new research report by Allied Market Research, Global Optical brighteners market size was valued at $1.1 billion in 2021, and is expected to exceed US$1.9 billion by 2031, witnessing a CAGR of 6.1% from 2022 to 2031. Rapid increase in population in both the developed and developing economies and rise in import and export of various cosmetics & skincare products drive the growth of the global optical
Commercial Cooking Equipment Market is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027 - Explore Top Factors that Will Boost the Global Market in Future
Commercial Cooking Equipment Market is projected to reach $12,948.1 million by 2 …
According to a new report published by Allied Market Research, titled, "Commercial cooking equipment Market by Product Type and End Use: Opportunity Analysis and Industry Forecast, 2021-2027," The global commercial cooking equipment market size was valued at $10,680.0 million in 2019, and is projected to reach $12,948.1 million by 2027, registering a CAGR of 5.2% from 2021 to 2027. Commercial cooking equipment provides the ease of food preparation in addition
Cyber Security In Energy Market to attain a market value of $21.8 billion by 2031
Cyber Security In Energy Market to attain a market value of $21.8 billion by 203 …
The cyber security in energy market was valued at $8.6 billion in 2022, and is estimated to reach $21.8 billion by 2031, growing at a CAGR of 11.3% from 2023 to 2031. The adoption of several technological advancements, such as the proliferation of artificial intelligence has led to an increase in the adoption of cyber security across several end-user verticals such as energy industry. In addition, technologies like machine learning, and
A Market Analysis of Behavior Analytics: Key Players Such as - IBM Corporation, Splunk Inc., Exabeam
A Market Analysis of Behavior Analytics: Key Players Such as - IBM Corporation, …
According to a new report published by Allied Market Research, titled, "Behavior Analytics Market," The behavior analytics market was valued at $1.2 billion in 2021, and is estimated to reach $19.2 billion by 2031, growing at a CAGR of 32.4% from 2022 to 2031. Behavioral analytics is a concept in business analytics that reveals insights into the behavior of customers on website, e-commerce, mobile app, chat, email, connected product/Internet of Things

All 5 Releases


More Releases for Boxing

Rob Kardashian Responds to Jenner Charity Boxing Challange!
Rob Kardashian just responded back to Jenner's Charity Boxing Challenge to fight for "The Honor" of the Kardashian/Jenner Names. https://www.openpr.com/news/1770348/Kardashian-vs-Jenner-Fight-for-Honor-Charity-Boxing-Match.html "Rob just got back to us and says that he defiantly wants to do this, but..."said MMI PRMedia Group Vice President of Social Media J. Daniels. Rob says "I just started to get back into shape both mentally and health wise. I've seen what this guy can do 10 years ago, he's
Boxing Gloves Market to Witness Huge Growth | Everlast, Fairtex, Topking, TITLE …
HTF MI released a new market study on Global Boxing Gloves Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and contains a future trend, current growth factors, attentive opinions, facts, and industry validated market data. The research study provides estimates
Global Kick Boxing Equipment Market Research Report 2017 : Fairtex, Title Boxing …
Qyresearchreports include new market research report "Global Kick Boxing Equipment Market Research Report 2017" to its huge collection of research reports. In this report, the global Kick Boxing Equipment market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report is segmented into several key Regions, with production,
Boxing Gloves Market Size 2017 - Everlast, Fairtex, Topking, TITLE Boxing, INDUS …
Boxing Gloves Market Research Report A market study ” Global Boxing Gloves Market ” examines the performance of the Boxing Gloves market Size 2017. It encloses an in-depth Research of the Boxing Gloves market state and the competitive landscape globally. This report analyzes the potential of Boxing Gloves market in the present and the future prospects from various angles in detail. The Global Boxing Gloves Market 2017 report includes Boxing Gloves
United States Boxing Training Gears Market Report 2017
Qyresearchreports include new market research report "United States Boxing Training Gears Market Report 2017" to its huge collection of research reports. In this report, the United States Boxing Training Gears market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022. Geographically, this report splits the United States market into seven
Global Boxing Gloves Sales Market 2017 - Topking, Fairtex, Everlast, TITLE Boxin …
The report Global Boxing Gloves Sales Industry 2017 is a professional, in-depth study that includes insights extracted from complex information, which clients can use for their business advantage. A large volume of precise, reliable market data has been distilled into clear and actionable insight for clients so that they can formulate their plans or make crucial business decisions with precision. The report begins with an overview of the Boxing Gloves Sales