Growing Demand for Boxing Gloves Market By Top Key Players like Everlast Worldwide, Inc., Reebok International Ltd., Adidas AG, Title Boxing Llc, Fairtex, Twins Special Co. Ltd., and Sports Direct International plc.

Posted on 2018-07-12 by Mark Hub in Sports // 0 Comments

Rockville, US, 2018-Jul-12 — /EPR Network/ — 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.

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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.

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.

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.

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Table of Contents:

Global Boxing Gloves Market – Executive Summary
Global Boxing Gloves Market Overview
2.1. Introduction
2.1.1. Global Boxing Gloves Market Taxonomy
2.1.2. Global Boxing Gloves Market Definition
2.2. Global Boxing Gloves Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Boxing Gloves Market Y-o-Y Growth
2.3. Global Boxing Gloves Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Cost Structure Analysis
2.5. Pricing Analysis
2.6. Trade Outlook
2.7. Value Chain Assessment and Profitability Margins
2.8. Raw Material Sourcing Strategy and Analysis
2.9. List of Distributors
Global Boxing Gloves Market Analysis and Forecast By Glove Type
3.1. Global Boxing Gloves Market Size and Forecast By Glove Type, 2012-2022
3.1.1. Bag Gloves Boxing Gloves Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Boxing Gloves Boxing Gloves Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued……….

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