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This report analyzes the boxing equipment market by the product (gloves, protective gear, and training equipment), distribution channel (offline and online), and geography (North America , Europe , APAC, South America , MEA)
NEW YORK , May 30, 2022 /PRNewswire/ -- The boxing equipment market will be driven by factors such as development programs to increase participation. Grassroots programs are conducted in schools, clubs, and communities to instill the core values of sports, especially among the youth. The increasing number of grassroots programs, especially for young children, is driving the growth of the global boxing equipment market. Such programs encourage the youth to join sports, thereby helping them become regular or professional players.
The boxing equipment market size is expected to grow by USD 270.36 mn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 5% during the forecast period.
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Boxing Equipment Market: Market Segmentation
By product, the gloves segment will have significant market share growth during the forecast period. Gloves are the basic requirement for training purposes and professional matches. They protect the hands of the wearer and reduce the impact of punches and strikes. Boxing gloves are designed to reduce superficial facial injuries. The growing popularity of boxing for fitness and a subsequent increase in the participation rates are leading to the growth of the boxing gloves segment.
By geography, North America will have the highest market share growth during the forecast period. Most consumers are becoming aware of the benefits of leading a healthy lifestyle. This has encouraged them to adopt sports such as boxing, thus driving the growth of the market in the region
The rise in the number of women participants is a trend in the boxing equipment market. The participation of women in different sports has increased across the world. The gender gap between the number of male and female players in the Olympic Games is declining. The participation of women in various sports, such as boxing, has increased over the last few years, with participation by an equal number of men and women. The growing adoption of boxing by women indicates a positive trend, which is expected to affect the market positively during the forecast period.
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Boxing Equipment Market: Key Vendor Offerings
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Accelerate at a CAGR of 5%
North America, Europe, APAC, South America, MEA, North America, Europe, APAC, South America, and MEA
US, Germany, UK, China, and Canada
Leading companies, competitive strategies, consumer engagement scope
Century LLC, Everlast Worldwide Inc., Hayabusa Fightwear Inc., Industria Reyes SA de CV, Kozuji, Lonsdale, PRO BOXING EQUIPMENT, Sanabul, TSMA Franchise Systems Inc., and Venum
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
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6 Market Segmentation by Distribution channel
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