Boxing Equipment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Boxing Equipment Market Analysis
The Boxing Equipment Market is projected to register a CAGR of 5.2% during the forecast period, 2022-2027.
Worldwide growth in sports participation due to the increased adoption of a healthy lifestyle is identified as the key market driver in the boxing equipment market. With the increased consciousness about health, people are trying to be more active and participate in sports such as boxing to improve their overall physique and well-being. Therefore, investing in the right boxing equipment that protects an individual against possible injury and hazards is imperative. Additionally, the number of boxing world championships and tournaments is increasing, and the sports industry is promoting boxing as a mainstream sport, which in turn drives the sales of boxing equipment. Further, rising awareness regarding animal welfare and environmental issues is promoting the preference for sustainable and animal cruelty-free products. As a result, key companies are focusing on product innovation and launching sustainable boxing equipment. For instance, in October 2020, Boxing apparel company - Sanabul partnered with Dessert-the Mexico-based company specializing in cactus leather. Through this partnership, Sanabul launched a new range of boxing gloves called Los Cactus, made with cactus leather.
Moreover, increasing grassroots movements by key authorities to encourage participation in boxing is anticipated to drive the demand for boxing equipment. These programs are primarily designed to help young people to grow into professional athletes. For instance, Advanced Apprenticeships in Sporting Excellence (AASE), a government-funded program established and operated by England Boxing's partners SkillsActive identifies and assists young, gifted athletes. Students can receive certifications for their boxing growth through this program's combination of educational possibilities and high-performance boxing instruction.
Boxing Equipment Market Trends
This section covers the major market trends shaping the Boxing Equipment Market according to our research experts:
Rising Number of Women Participants in Boxing
The participation of women in various sports, including boxing, has increased over the last few years, leading to lucrative market opportunities for sport equipment brands. As a result, a reduced gender gap among the players of global tournaments and championships has been observed in the recent past. For instance, the Olympic Agenda 2020 empowered the International Olympic Committee to collaborate with different International Federations to achieve at least 50% female participation in the Olympic Games. Earlier, boxing was a male-dominated game. However, the trend has changed over the past decade due to the impact of women's empowerment and evolving cultural beliefs especially across developing economies. For instance, the International Boxing Association (AIBA) increased the number of women's boxing categories in the Tokyo 2020 Olympic Games. A minimum of five different weight categories for women's boxing were launched in the Tokyo 2020 games. The growing adoption of boxing as a mainstream game by women indicates a positive trend, expected to affect the market positively during the forecast period.
North America is the Largest Market
The advantages of living a healthy lifestyle are being recognized by the majority of the population in the region. This has inspired them to engage in outdoor and indoor sports like boxing. Further, obesity has emerged as a major concern across the region in the recent past, influencing consumers to adopt active lifestyles which aid in their continued fitness and wellness. Over the years, boxing has gained significant popularity as a fitness sport in the U.S. population. For instance, the annual publication released by the Outdoor Foundation reports that in 2021, around 5,237 million people in the U.S. participated in boxing for fitness. Furthermore, the region is witnessing the ongoing introduction of state-level, and national-level boxing tournaments, and championships as a result of the rising popularity of the sport. For instance, USA boxing is the national governing authority that promotes and grows Olympic-style amateur boxing in the United States enabling athletes and coaches to achieve sustained competitive excellence for international games such as Olympics, The IBA World Boxing Championships, and The Commonwealth Games, among others.
Boxing Equipment Industry Overview
The market is moderately competitive with the presence of global players in the market. Some of the prominent players in the market are Century LLC, Frasers Group plc, Hayabusa Fightwear Inc., PRO BOXING EQUIPMENT, Kozuji, BoxUnion, and Sanabul, among others. Prominent players in the boxing equipment market are adopting strategic approaches, such as product innovation, partnership, and expansion to gain market share and entice a larger consumer base. For example, n October 2021, Adidas Boxing announced the launch of its Tilt 350™ Professional Grade Training / Sparring boxing gloves. The Tilt 350™ boxing gloves features a new registered design technology that helps in keeping the wrist in a neutral position, potentially reducing hand and wrist injuries, and increasing the punching power.
Boxing Equipment Market Leaders
Century, LLC
Frasers Group plc
Hayabusa Fightwear Inc.
PRO BOXING EQUIPMENT
Kozuji
*Disclaimer: Major Players sorted in no particular order
Boxing Equipment Market News
- In February 2022, The Loneliest Sports Ltd announced the launch of its exclusive range of boxing apparel, featuring 5 bespoke items, and will be expanded later this year. The expansion will incorporate athleisurewear tracksuits and premium quality boxing equipment.
- In February 2021, The Everlast MX2 Pro Limited Edition Gold Boxing Gloves were launched in celebration of Mexico's world champion boxers. This limited edition gold colorway comes in classic laced and hook-and-loop styles, constructed with premium Piel Planchada Mexican leather for long-lasting durability and flexible comfort.
- In May 2020, Society Nine, the Portland-based women's boxing brand expanded its offerings in the footwear segment with the introduction of an exclusive boxing shoes.
Boxing Equipment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Force Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Gloves
5.1.2 Protective Equipment
5.1.3 Hand Wraps
5.1.4 Punching Bags
5.1.5 Footwear
5.1.6 Others
5.2 By Distribution Channel
5.2.1 Offline Channel
5.2.2 Online Channel
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Europe
5.3.2.1 United Kingdom
5.3.2.2 Germany
5.3.2.3 Spain
5.3.2.4 France
5.3.2.5 Italy
5.3.2.6 Russia
5.3.2.7 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 Thailand
5.3.3.4 Australia
5.3.3.5 Rest of Asia-Pacific
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle East & Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle East & Africa
6. COMPETITIVE LANDSCAPE
6.1 Most Adopted Strategies
6.2 Market Share Analysis
6.3 Company Profiles
6.3.1 Century LLC.
6.3.2 Frasers Group plc
6.3.3 Hayabusa Fightwear Inc.
6.3.4 PRO BOXING EQUIPMENT
6.3.5 Kozuji
6.3.6 BoxUnion
6.3.7 Sanabul
6.3.8 Venum
6.3.9 Necalli Boxing
6.3.10 Industria Reyes S.A. de C.V.
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. IMPACT OF COVID-19 ON THE MARKET
9. DISCLAIMER
Boxing Equipment Industry Segmentation
Boxing equipment is used by an individual while training and competing in boxing. Boxing is a combat sport that is highly popular among the young population. The global boxing equipment market is segmented by type, distribution channel, and geography. By type, the market is segmented into gloves, protective equipment, hand wraps, punching bags, footwear, and others. In terms of distribution channels, the market is segmented into offline and online channels. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle-East and Africa. For each segment, the market sizing and forecasts have been done on the basis of value (in USD million).
| By Type | |
| Gloves | |
| Protective Equipment | |
| Hand Wraps | |
| Punching Bags | |
| Footwear | |
| Others |
| By Distribution Channel | |
| Offline Channel | |
| Online Channel |
| By Geography | |||||||||
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Boxing Equipment Market Research FAQs
What is the current Boxing Equipment Market size?
The Boxing Equipment Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Boxing Equipment Market?
Century, LLC, Frasers Group plc, Hayabusa Fightwear Inc., PRO BOXING EQUIPMENT and Kozuji are the major companies operating in the Boxing Equipment Market.
Which is the fastest growing region in Boxing Equipment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Boxing Equipment Market?
In 2024, the North America accounts for the largest market share in Boxing Equipment Market.
What years does this Boxing Equipment Market cover?
The report covers the Boxing Equipment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Boxing Equipment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Boxing Equipment Industry Report
Statistics for the 2024 Boxing Equipment market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Boxing Equipment analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
