Boxing Gloves Market Scope
An increasing number of Boxing tournaments, as well as the fast-growing sports infrastructures and the increasing participants in the boxing tournaments, will propel the business growth of the boxing gloves market. Boxing Gloves which are also known as Cushioned Gloves are worn by the boxers in their hands to minimize respective injuries to the players. It also enables to lay stronger punches to head with minimized chances of brain injuries. “Currently, boxing is gaining immense popularity as a sport, with the AIBA International Boxing Association seeking propulsion in events of women’s boxing in the Olympic program that is to be held at Tokyo in 2020.”
The market study is being classified by Type (Bag Gloves, Sparring Gloves and Competition Gloves), by Application (Amateur Boxer and Professional Boxer) and major geographies with country level break-up.
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Boxing Gloves market throughout the predicted period.
Everlast (United States), Winning (Japan), Adidas (Germany), Brucelee (China), Lonsdale (United Kingdom), Combat Sports International (United States), Venum (United States), Top King Boxing Co. Ltd. (Thailand), Ringside, Inc. (United States) and Twins Special Co., Ltd. (Thailand) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Cleto Reyes Boxing Gloves (United States), Ultimate Fighting Championship (UFC) United States, Reebok (United Kingdom), Revgear (United States) and Century LLC. (United States).
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Boxing Gloves market by Type, Application and Region.
On the basis of geography, the market of Boxing Gloves has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On 18th January, 2019, Adidas has launched of its new accelerator program named “Platform A” at Station F, the world’s largest start-up campus located in Paris. The company has selected 13 start-ups on new business initiatives for the sports industry starting in January. Adidas is investing a total of one million euros in the development of the program.
The Golden Gloves of America, Inc. is one of the National Boxing Associations in the United States. The Organization currently consists of 30 Franchises that have designated Franchise territories in which they conduct their competitions. Franchises are awarded to local organizations interested in the promotion and betterment of amateur boxing. Franchise territories are defined by maps and descriptions kept on file by the Golden Gloves of America Territorial Committee. Each Franchise has a delegate that represents their Franchise at the National level.
Market Trend
- Growing Number of Boxing Participants and Tournaments across the Globe
- Improved Material of Boxing Gloves as well as Introduction to Durable and Light Weight Boxing Gloves
Market Drivers
- Increasing Number of Boxing Competitions across the Globe
- Need of Boxing Gloves is Increasing as it Minimizes the Facial Injuries
Opportunities
- Introduction to Smart and Digitally Enabled Boxing Gloves which can Analyse Frequency, Power and Many Others Constraints
- Growing Awareness about Sports Fitness and Health Awareness
Restraints
- Moderate Quality of Fabric might cause Irritations and even Skin Infection
- Lack of Cushioning may Injure Hand or Opponents Face
Challenges
- Lack of Sports Infrastructure in Underdeveloped Countries
Key Target Audience
Boxing Gloves Manufacturers, Boxing Accessories Manufacturers, Boxing Equipment Distributors and Traders, Sports Industry Associations, Sports Regulatory Organizations and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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