The global boxing gloves market revenue was around US$ 944 million in 2022 and is estimated to reach US$ 1,415 million by 2031, growing at a compound annual growth rate (CAGR) of 4.6% during the forecast period from 2023 to 2031.
Boxing gloves are extremely soft, non-lethal gloves made specifically for use in fighting sports like kickboxing. They are made to keep both the fighter's and the opponent's hands safe and comfortable during practice and competition.
Market Driving Factors
A new generation's improved participation in sports will boost the market growth. This is due to the millennial generation putting a lot of focus on well-being and opting to maintain a healthy lifestyle. In addition, youth participate in active sports, particularly boxing, to abide by a certain diet and a strict workout routine. Furthermore, sports have various advantages, including facilitating wellness and well-being, increasing confidence, and helping in the maintenance of psychological health.
The increasing number of female boxers is predicted to drive the market expansion. Women's participation in sports, along with boxing, has increased in recent years, establishing the lucrative potential for sports equipment manufacturers. Furthermore, in recent decades, the gender difference among players in global championships and tournaments has been reduced. For instance, in February 2022, according to the International Olympic Committee, women account for a record 45 percent of the athletes in the Beijing Olympics.
Boxing gloves cause more brain injuries, which hampers the market growth.
Regional Analysis
North America dominated the market in terms of the rate. This can be primarily attributed by the majority of the population in the region recognizes the advantages of leading a healthy lifestyle. This has motivated them to participate in indoor and outdoor sports such as boxing. Furthermore, obesity has emerged as a main concern throughout the region, influencing customers to adopt active lifestyles that assist in their continued wellness and fitness in the region.
Asia-Pacific is estimated to dominate the market in terms of the fastest growth. With the increasing popularity of boxing in the region, more and more individuals are looking for quality boxing gloves to assist them train and compete. In addition, the region is home to a few of the world's most prominent boxing events, such as the Asian Amateur Boxing Championships which is estimated to drive the market growth in the region.
Segmentation Insights
Size Insight
The 12 to 18 oz segment is predicted to dominate the market in terms of the largest shares. This is primarily due to the surge in demand for the 12 oz to 18 oz sizes among customers who weigh 120 pounds to 180 pounds. The 12-ounce gloves are the lightest in this segment and are typically utilized by people or children with small hands. Furthermore, the 14-ounce gloves are a bit heavier and are often utilized by individuals who are new to boxing. The 16-ounce gloves are the normal size for most adult boxers. The 18-ounce gloves are the heaviest and are generally utilized by persons with large hands who want extra safety for their hands.
Type Insight
The training gloves segment is estimated to dominate the market in terms of the rate. This dominance is owing to the increasing participation of persons in practicing boxing in fitness and gym centers. Training gloves are utilized daily worldwide by boxers, which has significantly propelled the demand for training gloves. Furthermore, training gloves are made to provide the best fusion of protection and performance. As a result, these gloves generally have a hook-and-loop closure to make wearing and taking off of them simple.
Buyer Insight
The institutional segment is predicted to dominate the market in terms of revenue. This is primarily due to the immediate growth of the boxing and fitness industry, the surging popularity of boxing as a recreational activity and workout, rising interest in boxing as a sport, and the growing availability of boxing gloves in the market. Thus, these elements led to an increasing demand for boxing gloves among institutional buyers such as boxing clubs, gyms, and sports retailers.
Material Insight
The PU leather dominates the market in terms of the shares. This is due to the PU leather is a synthetic material that is utilized in boxing gloves. It offers comfort, high durability, and flexibility to the gloves. As a result, PU leather boxing gloves are one of the most famous kinds of boxing gloves currently. Moreover, some of the various benefits of PU leather include comfort for prolonged usage, high durability, cheap price, and flexibility for wrist mobility.
Prominent Companies
Segmentation Outline
The global boxing gloves market segmentation focuses on the Size, Type, Buyer, Material, and Region.
By Size
By Type
By Buyer
By Material
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL BOXING GLOVES MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: BOXING GLOVES MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL BOXING GLOVES MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL BOXING GLOVES MARKET, BY SIZE
5.1 OVERVIEW
5.2 4 TO 10 OZ
5.2.1 USER
5.2.1.1 MEN
5.2.1.2 WOMEN
5.2.1.3 KIDS
5.3 12 TO 18 OZ
5.3.1 USER
5.3.1.1 MEN
5.3.1.2 WOMEN
5.4 ABOVE 18 OZ
6 GLOBAL BOXING GLOVES MARKET, BY TYPE
6.1 OVERVIEW
6.2 BAG GLOVES
6.3 TRAINING GLOVES
6.4 OTHERS
7 GLOBAL BOXING GLOVES MARKET, BY BUYER
7.1 OVERVIEW
7.2 INSTITUTIONAL
7.3 INDIVIDUAL
8 GLOBAL BOXING GLOVES MARKET, BY MATERIAL
8.1 OVERVIEW
8.2 LEATHER
8.3 PU LEATHER
8.4 SUPER SKIN
8.5 OTHERS
9 GLOBAL BOXING GLOVES MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL BOXING GLOVES MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 SPORTS DIRECT INTERNATIONAL PLC
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 REVGEAR
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 TITLE BOXING LLC
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 REEBOK INTERNATIONAL LTD
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 RIVAL BOXING
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 FAIRTEX EQUIPMENT CO. LTD
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 COMBAT SPORTS INC.
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 EVERLAST WORLDWIDE INC.
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 HAYABUSA FIGHTWEAR INC.
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 BYTOMIC MARTIAL ARTS
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.11 TWINS SPECIAL
11.11.1 OVERVIEW
11.11.2 FINANCIAL PERFORMANCE
11.11.3 PRODUCT OUTLOOK
11.11.4 KEY DEVELOPMENTS
11.11.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.12 CENTURY MARTIAL ARTS
11.12.1 OVERVIEW
11.12.2 FINANCIAL PERFORMANCE
11.12.3 PRODUCT OUTLOOK
11.12.4 KEY DEVELOPMENTS
11.12.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.13 YOKKAO
11.13.1 OVERVIEW
11.13.2 FINANCIAL PERFORMANCE
11.13.3 PRODUCT OUTLOOK
11.13.4 KEY DEVELOPMENTS
11.13.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.14 RDX SPORTS
11.14.1 OVERVIEW
11.14.2 FINANCIAL PERFORMANCE
11.14.3 PRODUCT OUTLOOK
11.14.4 KEY DEVELOPMENTS
11.14.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.15 PROLAST CORPORATION
11.15.1 OVERVIEW
11.15.2 FINANCIAL PERFORMANCE
11.15.3 PRODUCT OUTLOOK
11.15.4 KEY DEVELOPMENTS
11.15.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.16 SANABUL
11.16.1 OVERVIEW
11.16.2 FINANCIAL PERFORMANCE
11.16.3 PRODUCT OUTLOOK
11.16.4 KEY DEVELOPMENTS
11.16.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.17 ADIDAS AG
11.17.1 OVERVIEW
11.17.2 FINANCIAL PERFORMANCE
11.17.3 PRODUCT OUTLOOK
11.17.4 KEY DEVELOPMENTS
11.17.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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