Global Boxing Gloves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Boxing Gloves Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Boxing gloves A kind of filled gloves that boxers must wear when participating in boxing matches. The purpose is to protect the wrist and finger joints of fighters.Boxers have great punch strength, and wearing gloves can increase the buffer and reduce the punch strength, thus protecting the boxer himself as well as his opponent. Gloves used in boxing are mainly divided into thin gloves and thick gloves. Professional boxing has no protective gear and thin gloves. Amateur boxing has protective gear and thicker gloves.

Market Overview:

The latest research study on the global Boxing Gloves market finds that the global Boxing Gloves market reached a value of USD 131.24 million in 2022. It’s expected that the market will achieve USD 190.31 million by 2028, exhibiting a CAGR of 6.39% during the forecast period.

Boxing Gloves Market Drivers

popularity of boxing is closely related to the prosperity of boxing gloves market. Boxing gloves are indispensable in the whole boxing, and special gloves must be used as long as boxing activities are carried out. At the same time, due to the enhancement of modern people's fitness awareness and the increasing social pressure, boxing can not only meet people's needs for fitness, but also make people vent their pressure and emotions. Therefore, the gradual popularity of boxing will drive the development of the whole boxing glove market.

Boxing Gloves Market Challenges

Because the market concentration of the whole industry is not high, there are many manufacturers in the market, and the competition in the product market is fierce. At the same time, the homogenization of product types and functions is serious in the market, and competitive products are aimed at the crowd, which is basically the same as the coverage areas. This challenges enterprises how to play their own brand advantages in many similar products and get more customers' welcome.

Boxing Gloves Market Restraints

Procurement of raw materials accounts for most of the expenditure in boxing glove market, and the fluctuation of raw material price has a great influence on the production cost of boxing gloves, so it puts forward great requirements for the supply chain of boxing glove manufacturers. Only by ensuring stable supply channels and relatively low supply prices can we have certain advantages in market competition.

Region Overview:

From 2022-2027, North America is estimated to witness robust growth prospects.

Company Overview

Everlast is one of the major players operating in the Boxing Gloves market, holding a share of 12.26% in 2022.The preeminent brand in boxing since 1910, Everlast is the world’s leading manufacturer, marketer and licensor of boxing, MMA and fitness equipment. From legendary champions Jack Dempsey and Sugar Ray Robinson to current superstars Benson Henderson and Canelo Alvarez, Everlast is the brand of choice for generations of world champion professional athletes. Built on a brand heritage of strength, dedication, individuality and authenticity, Everlast is a necessary part of the lives of countless champions. Based in Manhattan, Everlast’s products are sold across more than 75 countries and 6 continents.Winning is manufactured and exported from Japan it has been in business since 1937 and produces one the most finely crafted boxing gear. Winning produces gloves in house and have own factory dedicated only to the production of boxing gear. The Winning brand is one of the most exclusive and difficult gloves to get user hands on. They are made in very few batches and sold in specific locations across the world.

Segmentation Overview:

Among different product types, Bag Gloves segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Amateur segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Boxing Gloves market covered in Chapter 3:

FairtexWinningSting SportsGrantTwins SpecialTop KingEverlast

In Chapter 4 and Chapter 14.2, on the basis of types, the Boxing Gloves market from 2018 to 2029 is primarily split into:

Bag GlovesSparring GlovesCompetition Gloves

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Boxing Gloves market from 2018 to 2029 covers:

AmateurProfessional

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)