Boxing gloves are a padded glove that is especially designed for playing boxing matches and training purpose, boxing gloves helps to protect fighters’ hand of boxers from injuries while fighting. There are two different types of boxing gloves available that is suitable for different boxing training such as sand bag gloves and high quality boxing gloves, sand bag gloves that are suitable for punching bags trainings in boxing gym. High boxing gloves are used by professional players as it helps to protect figure and thumbs, it is used as defender helps avoid facial and brain injuries to boxers. Boxing gloves market has shown a significant growth in last few years as popularity of boxing sports is rapidly rising among people. Rise in number of boxing clubs and innovation in boxing gloves is major factor in growth of global boxing gloves market and expected to be more inclining in forecast period.

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Report Metric

Details

Market Size Available for Years

2020–2030

Base Year Considered

2020

Forecast Period

2021–2030

Forecast Unit

Value (USD)

Segment Covered

Product Type, Material Type, Price Point, Application, Distribution Channel and region

Companies Covered

Sports Direct International plc, Industria Reyes SA de CV, Century LLC, Everlast Worldwide Inc., HayabusaFightwear Inc., Kozuji, Shinagawa-ku, Reebok International Ltd., Adidas AG, Title Boxing Llc, Twins Special Co. Ltd., PROLAST Corporation.
Market Scope and Structure Analysis

COVID-19 Impact Analysis-

During COVID-19, globally many industries were suffering from great economic crises; spread of COVID-19 virus has led to great damaging effecton global boxing gloves market.
To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of boxing gloves market. Restraints were imposed by government on sports equipment and mega sports stores, brand store and speciality store that led to great hampering in demand of boxing glovesmarket.
Restraints were imposed by government on Boxing clubs and training centres that lead to great decline in demand of boxing gloves market, as they are major user of boxing gloves.
E-commerce has played vital role in uplifting supply chain of boxing gloves as it helps to cover wider range and cater demands of customer. Customers are also started shifting to online shopping method and hesitating and avoiding to going for instore purchases to control spread of corona virus diseases.
Top Impacting Factors-

Many organisation and associations such as World Boxing Association, International Boxing federation and World Boxing councils are organizing different tournaments that is welcoming and attracting more and more people to participate in boxing matches and tournaments. They also offer rewards and recognition to winners; government has also introduced several policies in favour of boxing games to increase participation of people in boxing tournaments and matches. All professionals boxers use boxing gloves to protect their hands from several injuries, rise in number of boxing tournaments and matches is a key drivers in growth of global boxing gloves market.
Popularity of boxing games is significantly rising among people and they are opting for boxing as profession as boxing is one of the highly played profession. Broadcasting of boxing games on television and OOT platforms is globally increasing popularity of boxing games. Government is also promoting boxing games to own highest record and recognition in several international boxing matches. Rise in popularity of boxing games is key factor in growth of global boxing gloves market.
Many new boxing clubs and boxing training centre has opened in last few years as boxing club has become one of the most profitable businesses. These boxing clubs and boxing training centre offer professional boxing training to beginners and train them to professional’s national and international boxing matches. Boxing clubs offers premium services and helps to enhance fighting skills of boxers; boxing clubs are major user of boxing gloves as they highly focus on safety of players. Rise in numerous number of boxing clubs and boxing gym is prime factor in growth of global boxing gloves market.
Market Trends-

Surge in Launches of Boxing Gloves to Flourish Global Market
Key player are highly investing in innovation of products and engaged with research &development process, to offers improvised and innovative products to catering demand of consumers and to compete with competitors and rival products.Key players have introduced boxing gloves with dual strap x closure as during fighting there are high chances of causing wrist injuries, new boxing gloves helps to avoid and prevention of wrist injuries and offer supports to wrist while boxing. They have also introduced boxing gloves with larges inner pockets and using improvised material in inner gloves compartments that helps in energy depression and act as force eliminator. Innovated boxing gloves has ergonomic design and helps to improve performance of boxer, surge in innovation in boxing gloves to flourish market is prominent factor that accelerating growth of global boxing gloves market.

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Rise in Women Participation in Boxing Tournaments and Matches.

Women are choosing boxing sports as Olympic has opened arms for women to participate, Olympic decisions led to great benefits to women. Many famous and giant organisations are funding women boxing squad and bearing expenses of training and other requirements of boxing equipment such as boxing gloves. Rise in women participation is an utmost factor that is fueling growth of global boxing gloves market.

Key Benefits of Report-

This study presents the analytical depiction of the boxing gloves industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of theboxing gloves marketshare.
The current market is quantitatively analysed from 2020 to 2030 to highlight boxing gloves market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides detailed boxing gloves market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Report –

Which are the leading players active in the boxing gloves market?
What are the current trends that will influence the market in the next few years?
What are the driving factors, restraints, and opportunities of the market?
What future projections would help in taking further strategic steps?
What is the boxing gloves market prediction in the future?
Which will be the niches at which players profiling with recent advancements should set a presence?
What are the current trends and predicted trends?

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