Boxing Gloves Market By Size (4 to 10 oz, 12 to 18 oz, Above 18 oz), By Type (Bag Gloves, Training Gloves, Others), By Buyer (Institutional, Individual), By Material (Leather, PU Leather, Superskin, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
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.
Boxing gloves are padded gloves worn on the hands of boxers during fights and practice sessions. Boxing gloves are cushioned properly to make it non-lethal, to protect both the opponent in the face and the boxer's hand during a fight. These are primarily used in the sport of boxing to protect the fighter's hand from injury. Despite the usage of gloves, hand injuries are highly prevalent in combat sports. Boxing gloves are often equipped either with lace-ups or velcro attachments. The velcro on the boxing gloves works as a tight wrap, adding extra wrist stability. Lace-up gloves give a more compact fit, and they must be laced with the aid of another person and are covered with tape before the match.
Boxing is a prominent combat sport that needs a lot of effort and teamwork. It has recently gained popularity as a type of exercise. People are taking up boxing for fitness, they frequently utilize a punching bag to minimize direct contact, which can result in concussions and other injuries. Boxing as an exercise has numerous benefits such as improving heart health as high-intensity interval training in boxing has been associated with a decreased risk of heart disease, aids in weight loss, boosts body strength, improves balance, and others. The rise in awareness among individuals about the benefits of taking up boxing as a fitness regime or as a career is fueling the increase of boxers, which is directly increasing the demand for boxing gloves.
Boxing global championships and tournaments are becoming more common, and the sports business is pushing boxing as a game and sport. Furthermore, many people engage in boxing as a recreational activity to stay fit and healthy. A rise in the number of persons interested in boxing is anticipated to increase demand for boxing equipment. Globally, the number of world championships and individuals competing from colleges and institutions has increased. The worldwide sports industry is now an all-encompassing enterprise, comprising everything from athletic equipment and apparel to television rights, sponsorship, and retailing. This is boosting global demand for boxing gloves, which is directly fueling the growth of the boxing gloves market.
Digital marketing is the advertising of products or services using new technology, particularly the Internet, and via numerous means such as cell phones, display adverts, and all other digital and social media platforms. Boxing gear and equipment manufacturing companies are working hard to promote the products on social media and are spending a lot of money on digital marketing to raise awareness about the benefits of using different types of boxing gloves designed for different regimes. Social Gloves: Battle of the Platforms, for instance, is a unique, unparalleled live premium entertainment mega event that will involve a Gatsby-style over-the-top boxing battle between the world's greatest social media celebrities from YouTube against the booming TikTok platform. This event is generating buzz among those who follow the artists on various media and motivating people to participate in the sport to support the creators. The growing population of boxers is raising the demand for boxing gloves and other equipment.
The boxing gloves market is segmented into 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 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).
The key players operating in the global boxing gloves market have adopted various developmental strategies to expand their boxing gloves market share, 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., HayabusaFightwear Inc., PROLAST Corporation, Reebok International, Revgear, RDX Sports, Sanabul, Title Boxing LLC., Twins Special, and Yokkao.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the boxing gloves market analysis from 2021 to 2031 to identify the prevailing boxing gloves market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the boxing gloves market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global boxing gloves market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Size
4 to 10 oz
User
Men
Women
Kids
12 to 18 oz
User
Men
Women
Above 18 oz
By Type
Bag Gloves
Training Gloves
Others
By Buyer
Institutional
Individual
By Material
Leather
PU Leather
Superskin
Others
By Region
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Philippines
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Saudi Arabia
Rest of LAMEA
Key Market Players
Bytomic Martial Arts
century martial arts
Combat Sports Inc.
Everlast Worldwide Inc.
Fairtex Equipment Co. Ltd
Hayabusa Fightwear, Inc.
Prolast Corporation
Revgear
RDX Sports
Sanabul
Title Boxing, LLC.
Twins Special
Yokkao
Rival Boxing
reebok international ltd.
Adidas AG
Sports Direct International Plc
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