The global Boxing Gloves market was valued at USD 160.32 million in 2019 and is expected to reach USD 175.66 million by the year 2026, at a CAGR of 1.33%.
Fighters wear boxing gloves, also known as cushioned gloves, over their hands during boxing workouts and matches. Boxing gloves are made to keep a fighter's hands safe during a war. While these gloves minimize superficial facial injuries, they allow users to deliver more powerful punches to the head, raising the opponent's risk of brain injury. The rising popularity of women's boxing is a recent trend that is gaining considerable momentum around the world. Women's boxing has gained recognition in tournaments and has gained acceptance from broadcasters. At the Tokyo 2020 Olympic Games, nearly five weight divisions for women's boxing will be added.
The number of boxing tournaments held around the world has risen dramatically in recent years, resulting in increased interest in the sport. This has led to an increase in the number of training clubs. Boxing is currently gaining enormous popularity as a sport, with the AIBA International Boxing Association aiming to include women's boxing competitions in the Olympic program in Tokyo in 2020. Several new boxing tournaments have also been registered in the market. In the near future, the aforementioned factors would have an effect on demand for boxing gloves. Market vendors are concentrating on increasing their companies in untapped and new regions around the world. Players in the industry are focusing on product innovation, such as lightweight gloves and headgear for women, in order to expand their global market presence.
The Boxing Gloves market is segmented by Type (PU leather, Genuine Leather, Microfiber leather), by Application (Amateur (playing sandbag/boxing training etc), Business competition). The market is further analyzed on the basis of regional analysis and divided into major regions like North-America, Latin America, Asia-Pacific, Europe and MEA.
Further Key Findings From The Report Suggest
- The International Championship Boxing League (ICBL) started operations in 2016 and became the world's first professional boxing league.
- In 2017, the Boxing Federation of India plans to launch a domestic boxing league in order to increase the popularity of the sport and boost sales of boxing equipment such as gloves.
- Asia-Pacific except Japan (APEJ) is the largest market for boxing gloves is projected to remain growing.
Key Participants like Adidas, Everlast Worldwide Inc., Reebok International Ltd., Fairtex, Sports Direct International PLC., Winning, Adidas, Brucelee, Lonsdale, Combat, TITLE, Venum, Top King, Ringside, Twins, Grant, Cleto Reyes, UFC, Reebok.
For this report, Introspective Market Research have segmented the Boxing Gloves markets market on the basis of Region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2019-2026)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- Latin America
- Rest of LATAM