Market Reports Center recognizes the following companies as the key players in the global boxing equipment market: adidas, Century Martial Arts, Everlast Worldwide, Hayabusa Fightwear, and Twins Special.
Other Prominent Vendors in the market are: Combat Sports International, Fairtex, King Professional, REVGEAR, Ringside, Rival Boxing Gear, and Venum Store.
Commenting on the report, an analyst from Market Reports Centers team said: The latest trend gaining momentum in the market is rising popularity of women's boxing. Boxing is mainly dominated by male participants. However, the number of women competing in combat sports have witnessed an increase, thereby, making this factor one of the key trends in the market.
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According to the report, one of the major drivers for this market is growing number of boxing tournaments. The number of boxing competitions played worldwide as well as the number of boxing training clubs are increasing, attributable to the increase in the number of players in the last couple of years. Boxing currently stands as one of the most popular sports, with the International Boxing Association (AIBA) looking to increase the number of women's boxing events in the Olympic program for the Tokyo 2020 games.
Further, the report states that one of the major factors hindering the growth of this market is risk of injuries. Boxing is a full-body contact combat sport that requires clean punching on the opponent's head and body from a standing position. Due to the intense blows that are delivered and received as a part of the sport, physical injuries are very common.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
About Boxing Equipment
Boxing has been slowly gaining popularity with the increasing participation in fitness boxing, especially by women in developed countries like the US. In the US, the participation in fitness boxing is more from women while men engage more in boxing. The growing popularity of boxing, leading to the sport becoming one of the widely-telecasted sports, is one of the key drivers of the market.
Market Reports Centers analysts forecast the global boxing equipment market to grow at a CAGR of 5.03% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global boxing equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the retail sales of boxing equipment to individual consumers.
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