Boxing Gloves Market Opportunities, Key Growth Factors, Ongoing Trends, Perspective and Forecast till 2022

Many regional as well as local vendors in the global boxing gloves market are focusing on the provision of application-specific products. However, new vendor entrants are facing challenges in competing with international vendors, when it comes to reliability, quality, and technological innovation. The report, compiled by Fact.MR, provides in-depth analysis of the global boxing gloves market for the forecast period 2017-2022, and offers key insights about future market direction.

The scope of Fact.MR’s report is to analyze the global boxing gloves market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Boxing gloves manufacturers, stakeholders, and suppliers in the global sports industry can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and sports journals.

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6 Key Estimations on Future of Global Boxing Gloves Market

1. Third party online channel will be the fastest expanding sales channel for boxing gloves in the market, followed by the direct to consumer brand outlet segment.

2. Despite modern trade channel will register a very low CAGR through 2022, its dominance in the market is estimated to remain unchallenged over the forecast period.

3. Asia-Pacific excluding Japan (APEJ) is poised to remain the most lucrative market for boxing gloves.

4. North America and Japan are estimated to exhibit the highest CAGRs in the market through 2022, with North America being more lucrative than Japan in terms of revenues.

5. Individual buyers are projected to account for the largest revenue share of the market. Revenues from boxing gloves sales for promotion purposes and in institutions will collectively reach approximately US$ 65 Mn by 2022-end.

6. Boxing gloves are expected to remain sought-after among glove types in the global market, accounting for over half revenue share of the market throughout the forecast period. Revenues from this segment are anticipated to reach US$ 90 Mn by 2022-end. However, demand for bag gloves will continue to be lower compared to that of boxing gloves in the global market.

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APEJ to Remain Largest Market for Boxing Gloves

Asia-Pacific excluding Japan (APEJ) is estimated to remain the largest market for boxing gloves. In 2017, the market in Europe will account for over one-fourth revenue share of the market, and is poised to lose 22 BPS in its market share between 2017 and 2022. Japan and North America will continue to be the fastest expanding markets for boxing gloves, with North America accounting for a relative higher market share than Japan, in terms of revenues.

Boxing gloves will remain preferred among glove types in the market, with revenues estimated to account for more than half share of the market over the forecast period. Revenues from sales of boxing gloves will reach approximately US$ 90 Mn by 2022-end. Demand for bag gloves, on the other hand, will remain comparatively lower than demand for boxing gloves in the market.

Third party online channel is anticipated to emerge as the fastest expanding sales channel for boxing gloves, followed by direct to customer brand outlet. Although modern trade channels are projected to register a low CAGR in the market, this sales channel segment will remain dominant in the global boxing gloves market throughout the forecast period. Franchise sports outlet are expected to be the second most lucrative sales channel for boxing gloves during 2017 to 2022.

Revenues from purchases of boxing gloves by individuals will account for the largest share of the market, based on buyer type. In addition, revenues from sales of boxing gloves in institutions and for promotion purposes will collectively account for nearly US$ 65 Mn by 2022-end.

Competition Tracking

Fact.MR’s report identified key players in the global boxing gloves market, which include Everlast Worldwide, Inc., Reebok International Ltd., Adidas AG, Title Boxing Llc, Fairtex, Twins Special Co. Ltd., and Sports Direct International plc.

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About Fact.MR
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This release was published on openPR.