BOXING GLOVES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The Global Boxing Gloves Market is estimated to be valued at USD 1.53 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.  The global boxing gloves market has been growing significantly over the past few years. Boxing is a combat sport that involves two individuals engaging in a match of fistfight. Boxing gloves are an essential protective gear worn by boxers during training and matches to protect their hands and prevent serious injuries to the opponent. Various factors such as the growing popularity of boxing as a fitness & recreational activity, increasing number of boxing championships & tournaments, and innovations in boxing gloves design & materials to offer better protection have been driving the demand for boxing gloves across the world. However, availability of counterfeit products may hinder the market growth to some extent.

 Market Dynamics:

The key drivers fueling the growth of the global boxing gloves market include rising awareness about health & fitness benefits of boxing, rapid urbanization leading to proliferation of boxing clubs & training facilities globally, and ongoing initiatives by national & international boxing organizations to promote the sport. Introduction of smart boxing gloves integrated with sensors to track parameters like punch speed, impact force, calories burned is a major opportunity. High pricing of professional-grade boxing gloves acts as a restraint. Compatibility issues of smart gloves with certain boxing equipment and regulations is also challenging the market.

 Key Features of the Study:

• This report provides in-depth analysis of the global boxing gloves market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global boxing gloves market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Everlast Worldwide Inc., Reebok International Ltd., Adidas AG, Title Boxing LLC, Fairtex, Twins Special Co. Ltd., Sports Direct International plc., Bhalla International, RK Mahajan, Hind Sports, Hans Raj Mahajan Worldwide, Rattan Brothers, RDX Sports, Wavar, and fixfoxapparel.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global boxing gloves market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global boxing gloves market.

Detailed Segmentation-

• By Size:
  • 4 to 10 oz
  • 12 to 18 oz
  • Above 18 oz
• By Material:
  • PU Leather
  • Leather
  • Superskin
  • Others
• By Type:
  • Training Gloves
  • Bag Gloves
  • Others
• By Buyers:
  • Institutional
  • Individual
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Company Profiles:

• Everlast Worldwide Inc.
• Reebok International Ltd.
• Adidas AG
• Title Boxing LLC
• Fairtex
• Twins Special Co. Ltd.
• Sports Direct International plc.
• Bhalla International
• RK Mahajan
• Hind Sports
• Hans Raj Mahajan Worldwide
• Rattan Brothers
• RDX Sports
• Wavar
• fixfoxapparel