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

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

Market Overview:

The latest research study on the global Smart Boxing Gear market finds that the global Smart Boxing Gear market reached a value of USD 89.25 million in 2022. It’s expected that the market will achieve USD 458.13 million by 2028, exhibiting a CAGR of 31.34% during the forecast period.

Influence of COVID-19 Outbreak on Smart Boxing Gear Industry Development

The spread of COVID-19 has caused a serious impact on the smart boxing gear industry, especially in Europe and America, because the epidemic spread seriously and affected the gym business. And people travel less in order to reduce the spread of the epidemic. In 2020, the smart boxing gear market will decline obviously. But for a long time, in the post-epidemic era, smart boxing gear will gradually recover and keep steady growth.

The distribution channel segment is divided into offline and online, the offline segment is dominating the market currently, and due to emergence of COVID-19, the online market witnessed a significant growth in 2020. The COVID-19 Outbreak has led to a decline in offline passenger flow, and the advantages of e-commerce companies have become prominent. During the epidemic prevention and control period, some smart boxing gear enterprises did not carry out internet marketing and promotion for their business, so they encountered great resistance in undertaking business. For enterprises that fail to make good use of network promotion means, there is almost no market development during the epidemic period, and the original offline market development plan is disrupted, and the epidemic will face fierce market homogenization competition, which is expected to have a great impact on the company's business throughout the year.

Region Overview:

North America had the highest growth rate of all regions.

Company Overview:

The top three companies are Eggplant Technologies Limited, Nexersys, Hykso (FightCamp) with the revenue market share of 15.37%, 12.84%, 11.40% in 2020.

Eggplant Technology is a smart home fitness hardware developer, providing users with smart home and sports related products. The main product is Move It, a smart fitness software and hardware product, which uses smart devices to connect coaches and students, serves multiple students remotely, and sells them with the help of coaches and gyms.

Nexersys is a fitness made fun and is dedicated to giving its users a Hard Body and Sharp Mind. The platform is combining the latest in exercise equipment and interactive gaming, Nexersys is a professional-grade multimedia fitness product that delivers the motivation of a personal trainer, the benefits of a mixed martial arts high-intensityinterval training workout, and the entertainment and feedback available from today's gaming and computer technology.

Segmentation Overview:

Among different product types, Smart boxing glove segment is anticipated to contribute the largest market share in 2027.

Application Overview:

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

Key Companies in the global Smart Boxing Gear market covered in Chapter 3:

Exergame Fitness
SkyTechSport
Hykso (FightCamp)
Nexersys
Padipata
DribbleUp
Eggplant Technologies Limited
Fitbag
Emami Design

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

Smart Boxing Glove
Smart Boxing Bag
Others

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

Commercial
Residential
Others

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)