Study on Global Boxing Gloves Market Highlights Key Development Factors and Upcoming Trends Forecast Till 2022

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Rockville, US, 2018-Dec-21 — /EPR Network/ — One of the latest trends that is gaining higher traction in the global boxing gloves market is rising prevalence of women’s boxing. Seeking favor among various tournaments, women’s boxing has witnessed a wide acceptance among broadcasters. Five categories are being allotted to women’s boxing at Tokyo 2020 Olympic Games. Leading players in the market are now focusing on product innovation, including lightweight yet strong headgear and high-quality gloves for women, in a bid to expand their presence in the market. Vendors of boxing gloves are also concentrating on expanding their businesses across new as well as untapped markets across the globe. These factors might influence growth of the market in the upcoming years.

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7 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.
  6. Boxing gloves are expected to remain sought-after among glove types in the global market, accounting for over half revenue share of the market throughout the forecast period. Revenues from this segment are anticipated to reach US$ 90 Mn by 2022-end. However, demand for bag gloves will continue to be lower compared to that of boxing gloves in the global market.
  7. Key market players profiled in Fact.MR’s report include Sports Direct International plc, Twins Special Co. Ltd., Title Boxing Llc, Fairtex, Adidas AG, Reebok International Ltd., and Everlast Worldwide, Inc.

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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.

Table of Content:

  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
    2.5. Pricing Analysis
    2.6. Trade Outlook
    2.7. Value Chain Assessment and Profitability Margins
    2.8. Raw Material Sourcing Strategy and Analysis
    2.9. List of Distributors
  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
    3.1.2. Boxing Gloves Boxing Gloves Market Size and Forecast, 2012-2022
    3.1.2.1. Revenue (US$ Mn) Comparison, By Region
    3.1.2.2. Market Share Comparison, By Region
    3.1.2.3. Y-o-Y growth Comparison, By Region
  4. Global Boxing Gloves Market Analysis and Forecast By Sales Channel
    4.1. Global Boxing Gloves Market Size and Forecast By Sales Channel, 2012-2022
    4.1.1. Independent Sports Outlet Boxing Gloves Market Size and Forecast, 2012-2022
    4.1.1.1. Revenue (US$ Mn) Comparison, By Region

Continued……………..

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