Global Boxing Gloves Market Overview with Size, Share, Growth, Industry Demand, Forecast and Application Analysis To 2022

Posted on 2018-06-07 by Mark Hub in Sports // 0 Comments

Fact.MR

Dublin 2, Ireland, 2018-Jun-07 — /EPR Network/ — Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of boxing gloves market. The study is titled as “Boxing Gloves Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the mentioned forecast of 2017-2022. For the benefit of the readers, the report concludes with a special focus on the detailed profiles of the major vendors in the global boxing gloves market.

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A latest trend, gaining significant traction globally, is soaring popularity of women’s boxing. Women’s boxing has sought favor among tournaments, coupled with the acceptance among broadcasters. Nearly five weight categories associated to women’s boxing will be launched at the Tokyo 2020 Olympic Games. The aforementioned factors will influence demand for boxing gloves in the near future. Vendors in the market are focusing on expansion of their business in untapped and new regions around the world. Market players are concentrating on product innovation, such as lightweight gloves and headgear for women, with an aim to increase their market presence across the globe. The global market for boxing gloves is projected to exhibit a moderate expansion during 2017 to 2022, according to a report by Fact.MR. Revenues from the market are poised to reach nearly US$ 150 Mn by 2022-end.

5 Key Estimations on Future of Global Boxing Gloves Market

1. Third party online channel will be the fastest expanding sales channel for boxing gloves in the market, followed by the direct to consumer brand outlet segment.

2. Despite modern trade channel will register a very low CAGR through 2022, its dominance in the market is estimated to remain unchallenged over the forecast period.

3. Asia-Pacific excluding Japan (APEJ) is poised to remain the most lucrative market for boxing gloves.

4. North America and Japan are estimated to exhibit the highest CAGRs in the market through 2022, with North America being more lucrative than Japan in terms of revenues.

5. Individual buyers are projected to account for the largest revenue share of the market. Revenues from boxing gloves sales for promotion purposes and in institutions will collectively reach approximately US$ 65 Mn by 2022-end.

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APEJ to Remain Largest Market for Boxing Gloves

Asia-Pacific excluding Japan (APEJ) is estimated to remain the largest market for boxing gloves. In 2017, the market in Europe will account for over one-fourth revenue share of the market, and is poised to lose 22 BPS in its market share between 2017 and 2022. Japan and North America will continue to be the fastest expanding markets for boxing gloves, with North America accounting for a relative higher market share than Japan, in terms of revenues.

Boxing gloves will remain preferred among glove types in the market, with revenues estimated to account for more than half share of the market over the forecast period. Revenues from sales of boxing gloves will reach approximately US$ 90 Mn by 2022-end. Demand for bag gloves, on the other hand, will remain comparatively lower than demand for boxing gloves in the market.

Third party online channel is anticipated to emerge as the fastest expanding sales channel for boxing gloves, followed by direct to customer brand outlet. Although modern trade channels are projected to register a low CAGR in the market, this sales channel segment will remain dominant in the global boxing gloves market throughout the forecast period. Franchise sports outlet are expected to be the second most lucrative sales channel for boxing gloves during 2017 to 2022.

Revenues from purchases of boxing gloves by individuals will account for the largest share of the market, based on buyer type. In addition, revenues from sales of boxing gloves in institutions and for promotion purposes will collectively account for nearly US$ 65 Mn by 2022-end.

Competition Tracking

Fact.MR’s report identified key players in the global boxing gloves market, which include Everlast Worldwide, Inc., Reebok International Ltd., Adidas AG, Title Boxing Llc, Fairtex, Twins Special Co. Ltd., and Sports Direct International plc.

Table of Contents:

1. Global Boxing Gloves Market – Executive Summary

2. Global Boxing Gloves Market Overview
2.1. Introduction
2.1.1. Global Boxing Gloves Market Taxonomy
2.1.2. Global Boxing Gloves Market Definition
2.2. Global Boxing Gloves Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Boxing Gloves Market Y-o-Y Growth
2.3. Global Boxing Gloves Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Trends
2.4. Cost Structure Analysis

3. Global Boxing Gloves Market Analysis and Forecast By Glove Type
3.1. Global Boxing Gloves Market Size and Forecast By Glove Type, 2012-2022
3.1.1. Bag Gloves Boxing Gloves Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region

Continued……….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Sports market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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