The global boxing equipment market 2018-2022 is expected to post a CAGR
of more than 5% during the forecast period, according to the latest
market research report by Technavio.
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Technavio has published a new market research report on the global boxing equipment market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising popularity
and number of sports tournaments. The growing interest of the global
population in sports activities has had a direct effect on the growth
and proliferation of sports tournaments. Recently, the sports industry
has witnessed an upsurge in the number of tournaments. The number of
boxing competitions played across the world and boxing training clubs
are increasing, which can be attributed to the increase in the number of
players in the last couple of years.
This market research report on the global
boxing equipment market 2018-2022 also provides an analysis of
the most important trends expected to impact the market outlook during
the forecast period. Technavio classifies an emerging trend as a major
factor that has the potential to significantly impact the market and
contribute to its growth or decline.
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In this report, Technavio highlights the surge in innovative boxing
equipment as one of the key emerging trends in the global boxing
equipment market:
Global boxing equipment market: Surge in
innovative boxing equipment
Owing to the rising interest in sports activities such as boxing,
vendors in the boxing equipment market are continuously investing in R&D
activities to innovate and launch new products. Moreover, there is a
constant demand for better production techniques and products that would
not only add to the comfort and convenience of the user but also reduce
production cost and provide a higher profit margin for users.
“Tracking technology is an emerging trend in the field of boxing and
combat sports, which is used to track and enhance player’s performance
by identifying the areas of improvement. It provides real-time training
stats such as power, speed, the number of punches thrown and the punch
type. For instance, Hysko launched a tracking device, which can be
inserted in the gloves or hand wraps. The device will track the speed
and frequency of punches, which can be analyzed for improving the
performance of players. This device can be used for combat sports like
boxing, kickboxing, and MMA,” says a senior analyst at Technavio for
research on outdoor gear.
Global boxing equipment market: Segmentation
analysis
This market research report segments the global boxing equipment market
by end-user (boxing gloves, protective gear, and training equipment), by
distribution channel (offline stores and online stores) and geographical
regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than
47%, followed by EMEA and APAC respectively. The markets in Eastern
Europe and South America will gain traction during the forecast period.
The market in APAC is growing, with major growth coming from nations
such as China and Japan.
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Some of the key topics covered in the report include:
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation
Geographical Segmentation
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180801005526/en/