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Mixed Martial Arts Equipment Market Set to Reach US$ 1072.54 Million by 2033

04-16-2024 08:40 PM CET | Sports

Press release from: Fact.MR

Mixed Martial Arts Equipment Market Set to Reach US$ 1072.54

The global Mixed Martial Arts Equipment market was valued at US$ 565 million in 2022 and is predicted to grow to US$ 1072.54 million by 2023-2033, with a 6% CAGR. Between 2018 and 2022, the market for Mixed Martial Arts Equipment grew at a CAGR of 3%.

Mixed Martial Arts (MMA) is a combat sport played across various regions worldwide. Each region presents its own style of combat. The sport has gained a lot of business with a pay per view model. The rising popularity of the sport, the increasing MMA tournaments and inclusion of MMA equipment in fitness programs has spurred the growth in adoption of MMA equipment thereby driving the growth of the mixed martial arts equipment market. Many people are opting for mixed martial arts, either as career or for defence. This has raised the bar of the sport and its popularity, thereby triggering the growth of the mixed martial arts equipment market. Moreover, technological developments have enabled trainers to monitor speed, strength and reflexes of the MMA player which is used to identify performance and key development areas. All these aspects have fuelled the growth of the global mixed martial arts equipment market. North America region is expected to show higher lucrativeness in this sport and hence higher market attractiveness.

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Key Highlights on Mixed Martial Arts Equipment Market

North America region dominates the global mixed martial arts equipment market by showing higher market share and higher market attractiveness. The region is poised to grow at a moderate CAGR throughout the forecast period

Middle East and Africa (MEA) region and Europe region show same growth rate followed by Asia-Pacific excluding Japan (MEA) region. Europe and MEA regions are anticipated to be the fastest growing regions in the global mixed martial arts equipment market

Gloves segment by product type shows higher market share and the highest growth rate and is poised to register a higher CAGR of 4.8% throughout the period of forecast. Punching bags segment, hand wraps segment and head gear segment by product type are poised to grow at a similar CAGR during the period of forecast of 2017 to 2022. However, punching bags segment shows higher market share than the other two segments, and is second in line following the gloves segment in terms of market share

List of Key Companies Profiled in The Report

• Adidas AG
• Century LLC
• Everlast Worldwide Inc.
• Hayabusa Fightwear Inc.
• Combat Sports Inc.
• Twins Special Co. LTD.
• Fairtex
• King Professional
• Title Boxing LLC
• Ringside, Inc.
• Others

Individual segment by buyer type is the fastest growing segment and has a higher market share thereby dominating the market. It is poised to register a CAGR of 4.8% during the forecast period. Following this segment, the institutional segment is second in line with respect to market share during the forecast period

Individual sports outlet segment by sales channel is poised to grow at a higher CAGR among other segments in sales channel category during the forecast period. This segment also shows higher market share and is expected to gain a higher BPS by the end of 2022.

Franchised sports outlet segment and third party online channel segment by sales channel show same growth rate, however, franchised sports outlet segment is expected to show higher market share during the period 2017 to 2022 and a comparatively high gain in the BPS by the end of 2022

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Market Competition

The industry landscape is defined by a combination of established players and emerging entrants vying for prominence. Key companies are strategically expanding their product portfolios to safeguard their market share and solidify their positions on the global stage. Noteworthy developments within this competitive arena include:

In November 2022, Toyam Sports Limited, India's foremost MMA promotion company, unveiled an array of merchandise products under the "K1L" brand. These meticulously designed products are set to be introduced through various B2C sales channels, encompassing both online and offline platforms, across India. Among the initially launched accessories are MMA gears, featuring specialized items such as KIL MMA Gloves, KIL Boxing Gloves, KIL Shin Pad, KIL Focus Pad, KIL Headguard, KIL Handwrap, KIL Mouthguard, and more. The introduction of this sports merchandise line aims to provide both existing and aspiring MMA athletes a comprehensive resource for authentic MMA accessories, consolidating a diverse range of essentials under the umbrella of a single brand.

Key Segments Profiled in the Mixed Martial Arts Equipment Industry Survey

• Product Type:
o Gloves
o Ankle/ Knee/ Elbow Guard
o Punching Bags
o Hand Wraps
o Shin Guard
o Mouth Guard
o Head Gear
o Others

• Sales Channel:
o Independent Sports Outlet
o Franchised Sports Outlet
o Modern Trade Channels
o Direct to Customer Institutional Channel
o Direct to Customer Online Channel
o Third Party Online Channel

• Buyer Type:
o Individual
o Institutional
o Promotional

The Mixed Martial Arts Equipment Market is a dynamic and rapidly evolving sector, driven by the surging popularity of MMA as a sport and fitness activity. As the industry responds to the changing needs and preferences of consumers, innovation, and competition among key players will continue to shape the landscape. Athletes and enthusiasts can anticipate a future where MMA equipment not only enhances performance but also reflects the cutting-edge technology and sustainability practices of the broader sporting goods industry.


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About Fact.MR:

Fact.MR is a market research and consulting agency with deep expertise in emerging market intelligence. Spanning a wide range - from automotive & industry 4.0 to healthcare, technology, chemical and materials, to even the most niche categories.

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