Boxing Gloves Market to Witness Considerable Growth due to Rising Popularity of Combat Sports

Boxing Gloves Market to Witness Considerable Growth due to Rising Popularity of Combat Sports

Boxing gloves are protective gear worn by boxers during practice or boxing matches. They allow boxers to punch an opponent without risking injury to their opponent or their hands. Boxing gloves consists of padding over the knuckle area connected to wrist straps to protect the hands. They help enhance hand-eye coordination, footwork, and cardiovascular fitness which has led to rising popularity of boxing sport globally.

The Global Boxing Gloves Market size  is estimated to be valued at US$ 1.53 Bn in 2024 and is expected to exhibit a CAGR of 5.6% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the Boxing Gloves are Everlast Worldwide Inc., Reebok International Ltd., Adidas AG, Title Boxing LLC, Fairtex, Twins Special Co. Ltd., Sports Direct International plc., Bhalla International, RK Mahajan, Hind Sports, Hans Raj Mahajan Worldwide, Rattan Brothers, RDX Sports, Wavar, and fixfoxapparel. The rising participation of professional and amateur boxers has led to increasing demand for high-quality boxing gloves. Technological advancements like use of breathable fabrics, improved padding, and moisture wicking properties have made gloves comfortable and durable.

Market Trends

The growing popularity of amateur boxing across educational institutions and clubs is driving the demand for affordable yet durable gloves. Increasing sponsorship of professional boxing matches and tournaments by major brands is promoting boxing as a spectator sport.

Boxing Gloves Market Challenges And Opportunities as The increasing popularity of mixed martial arts and kickboxing has led to growth in demand for multifunctional gloves that can be used for different combat sports. Smart boxing gloves with sensors to record punch speed, power and other metrics are gaining traction among professional boxers and fitness enthusiasts.

Impact of COVID-19 on Boxing Gloves Market Growth

The COVID-19 pandemic has significantly impacted the growth of the global boxing gloves market. During the initial lockdown phases imposed by various governments worldwide, all sporting activities came to a halt. Gyms, training centers, and boxing clubs were forced to close down to curb the spread of the virus. This led to diminished demand for boxing gear including gloves as there was no scope for physical training. People also tended to minimize discretionary spending during the pandemic. However, with the gradual lifting of restrictions, individual sports such as boxing have gained momentum as they allow social distancing. This has provided a boost to boxing glove sales. Many manufacturers also introduced affordable home workout gloves to cash in on the rising popularity of online boxing classes and workout videos. Going forward, the market is expected to witness steady recovery backed by growing health consciousness among individuals and resumption of regular boxing tournaments post pandemic. Developers are also focusing on developing gloves with enhanced safety features to regain consumer confidence.

Geographical regions with high concentration of Boxing Gloves market

North America accounts for the largest share of the global boxing gloves market in terms of value. This can be attributed to the popularity of boxing as a recreational as well as professional sport in the United States. Countries such as US and Mexico have a strong tradition and culture of boxing with a wide consumer base. Presence of several international boxing tournaments and leagues in the region also drives the sales of related gear. Europe ranks second in terms of boxing glove consumption led by nations like UK, Germany and Russia where the sport has a long history. The market is witnessing increased demand from Asian countries like China, Japan and Thailand in recent years due to rising participation in amateur boxing and mixed martial arts.

Fastest growing region for Boxing Gloves market

Currently, Asia Pacific region is poised to be the fastest growing market for boxing gloves globally between 2024-2031. Rapid growth of combat sports especially mixed martial arts in China, Japan, South Korea and India has widened the scope for boxing glove sales. Large untapped market, rising health awareness, growing middle class populace and promotional activities by international brands are stimulating higher adoption. Emerging nations like Vietnam, Philippines and Indonesia are also contributing to the regional market expansion on account of increasing focus on recreational sports and fitness activities. Public-private partnerships to develop boxing infrastructure and host global tournaments provide a fillip to the market demand across Asia.

About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)

View More Insight @  Boxing Gloves Market