Latest News- Boxing Equipment Market: Gloves is expected to lead the Product segment during 2025-2029

The Boxing Equipment Market is being driven by Rising incorporation of boxing in fitness programs

The Boxing Equipment Market is expected to grow at a CAGR of 4.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 382.3 million. The growth of women's participation in sports has been noteworthy, with boxing being a standout example. The gender disparity in the Olympic Games has diminished, as female athletes now compete in approximately equal numbers to males. Boxing, historically a male-dominated sport, has undergone a remarkable transformation. The Tokyo 2020 Olympic Games set a precedent by introducing a minimum of five distinct weight classes for women's boxing, underscoring the sport's inclusivity. The Olympic Agenda 2020 empowers the International Olympic Committee to collaborate with International Federations to ensure a minimum of 50% female participation in the Olympic Games. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Gloves
  • Protective gear
  • Training equipment
• Distribution Channel
  • Offline
  • Online
• Material
  • Leather
  • Synthetic materials
  • Canvas
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • APAC
    • China
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising incorporation of boxing in fitness programs
• Increasing prominence of private-label brands
• Growing urbanization in developing countries

However, the market also witnesses some limitations, which are as follows:

• Rising consumer interest in yoga, aerobics, and mixed martial arts (MMA)
• High chances of injuries by boxing sport
• Easy availability of counterfeit products of boxing equipment

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Market Scope in Boxing Equipment Market Research Report

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Research Analysis Overview

The Boxing Equipment Market encompasses various products including leather and synthetic gloves, bag stands, wall-mounted and free-standing bags, punching bag attachments, footwork and striking technique drills. Defense and clinching techniques, sparring rules, training and conditioning programs, strength and cardiovascular exercises, boxing drills, and recovery methods are also part of the market. Advanced training methods, performance analysis, impact absorption technology, moisture-wicking materials, anti-microbial properties, ventilation systems, digital training platforms, interactive training, remote coaching, fitness community engagement, social media marketing, and influencer marketing are modern trends in this sector.

Market Research Overview

The global leisure products market, a segment of the larger household durables industry, encompasses various categories, including sports equipment. Notably, the sports equipment sector comprises boxing equipment such as gloves, punching bags, speed bags, heavy bags, focus mitts, and hand wraps. The market's expansion is primarily driven by the surge in health and fitness club memberships, which have experienced significant growth in recent years. This trend is further fueled by the increasing number of health and fitness clubs opening worldwide, capitalizing on the industry's promising prospects.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
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