Boxing gloves, or, cushioned gloves, are worn by fighters on their hands at the time of boxing practices and matches. Boxing gloves are designed in a way to protect a fighter’s hands during a bout. Although these gloves reduce the superficial facial injuries, users are enabled to lay stronger punches to head, thereby increasing risk of brain damage of the opponent.
Number of boxing tournaments worldwide has surged significantly over the past few years, leading towards an increased participation in this sport. This has further resulted into a rise in number of training clubs. Currently, boxing is gaining immense popularity as a sport, with the AIBA International Boxing Association seeking propulsion in events of women’s boxing in the Olympic program that is to be held at Tokyo in 2020. The market has also been witnessing registration of several new boxing tournaments. In 2016, International Championship Boxing League (ICBL) began its operations and became the first ever competitive boxing league in the world. In addition, the Boxing Federation of India has planned to launch the domestic boxing league in 2017, in a bid to increase the sport’s popularity and accelerate sales of boxing equipment such as boxing gloves.
A latest trend, gaining significant traction globally, is soaring popularity of women’s boxing. Women’s boxing has sought favor among tournaments, coupled with the acceptance among broadcasters. Nearly five weight categories associated to women’s boxing will be launched at the Tokyo 2020 Olympic Games. The aforementioned factors will influence demand for boxing gloves in the near future. Vendors in the market are focusing on expansion of their business in untapped and new regions around the world. Market players are concentrating on product innovation, such as lightweight gloves and headgear for women, with an aim to increase their market presence across the globe. The global market for boxing gloves is projected to exhibit a moderate expansion during 2017 to 2022, according to a report by Fact.MR. Revenues from the market are poised to reach nearly US$ 150 Mn by 2022-end.
Market Taxonomy
|
Glove Type |
Sales Channel |
Buyer Type |
|
Bag Gloves |
Independent Sports Outlet |
Individual |
|
Boxing Gloves |
Franchised Sports Outlet |
Institutional |
|
Modern Trade Channels |
Promotional |
|
|
Direct to Customer Brand Outlet |
||
|
Direct to Customer Online Channel |
||
|
Direct to Customer Institutional Channel |
||
|
Third Party Online Channel |
(Additional information, including cross-sectional data and country-wise analysis & forecast is available in the report)
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.
Note: The insights mentioned here are of the respective analysts, and do not reflect the position of Fact.MR
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.
Scope
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.
Summary
The report commences with a brief information of the global boxing gloves market. This executive summary sets the tone for the rest of the report, providing users the scope of the report. The executive summary includes important facts and statistics on the global boxing gloves market.
Overview
The next section offers an overview of the boxing gloves market. This comprises an introduction to the market, along with a standard definition of the product – boxing gloves. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global boxing gloves market, the report provides updates about market opportunities, which can benefit leading manufacturers of boxing gloves. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for boxing gloves manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.
Considering wide scope of the global market for boxing gloves, and to provide in-depth insights, the report by Fact.MR renders a segment-wise analysis and forecast. The global boxing gloves market is segmented on the basis of glove type, sales channel, buyer type, and region. This segmentation analysis offered is comprehensive, along with detailed country-wise forecast rendered on all parameters.
The report’s last section comprises of the global boxing gloves market competitive landscape, to provide readers with the dashboard view of company analysis and market players. This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global boxing gloves market.
Research Methodology
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research. We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
Fact.MR offers custom research services that help clients to get specific research solutions
Related reports
We are committed towards customer satisfaction and quality service.
Our Clients
Boxing Gloves Market Forecast, Trend Analysis & Competition Tracking: Global Market insights 2017 to 2022