The global kickboxing equipment market size is expected to reach USD 240.5 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.6% over the forecast period. Increased awareness regarding health and fitness has been encouraging people to participate in kickboxing, which is expected to promote the utility of various equipment including gloves and punching bags. For instance, health experts have recommended that the continuous activity of this type of boxing helps in improving cardiovascular health and ensuring better blood circulation. In addition, increasing popularity of these sport activities for self-protection among millennials is expected to promote the scope for various kickboxing equipment including gloves and gears.
Over
the past few years, the equipment manufacturers have been focusing on the
advancement of the protective gears in terms of both build-in quality and
design. Protective gear is anticipated to expand at the fastest CAGR of 4.2%
from 2019 to 2025. This segment includes mouth guards, head gear, shin guards,
hand wraps, and ankle support wraps. These products are expected to gain
utility as protective shield to the consumers from any injuries during boxing
activities.
The
commercial application segment dominated the global kickboxing equipment market
in 2018. Increased number of health clubs and training centers has driven the
commercial sector across the globe. This segment requires equipment in bulk to
serve a large number of consumers. It also provides personal training by
professionals.
In
terms of distribution channel, the online segment is projected to expand at the
fastest CAGR of 4.1% from 2019 to 2025. Increasing number of online payment
platforms as a convenient medium for the consumers is expected to remain a key
factor for the industry growth. In addition, availability of smartphones at
affordable prices in the developing countries including India, China, and
Brazil has played a crucial role in promoting the access of e-commerce to the
consumers.
Asia
Pacific emerged as the largest market in 2018, accounting for over 40.0% share
of the global revenue due to rising number of promotional activities and
increasing consumers' concern over fitness. Participation in kickboxing has
increased in the countries including Japan, Australia, China, India, Myanmar,
New Zealand, South Korea, Singapore, and Thailand. These factors are expected
to play a key role in expanding the scope for various products including
gloves, protective gear, and boxing pads.
Key
competitors of this industry include Adidas AG; Last Round Equipment; Budoland;
Century LLC; Everlast Worldwide, Inc.; Hayabusa Fightwear Inc.; Twins Special
Co., Ltd.; SMAI; Combat Sports International; Hykso; and WESING SPORTS. The
industry participants are expected to increase the spending on the development
of new products in order to expand their market size.
Full Research Report On Kickboxing Equipment Market Visit Here:
https://www.grandviewresearch.com/industry-analysis/kickboxing-equipment-market
Further key
findings from the report suggest:
- By product,
gloves dominated the global kickboxing equipment market with 40.9% share
in 2018. Protective gear is expected to witness the fastest growth in the
coming years due to growing need for protection from injury among athletes
during boxing
- The
commercial application segment held the largest share of more than 70.0%
in 2018
- Online
distribution channel is expected to expand at the fastest CAGR of 4.1%
from 2019 to 2025
- Asia Pacific
held the largest share of over 40.0% in 2018 and is expected to witness
the fastest growth from 2019 to 2025.
Request a Sample Copy of the Report @
https://www.grandviewresearch.com/industry-analysis/kickboxing-equipment-market/request/rs1
Grand View Research has
segmented the global kickboxing equipment market on the basis of product,
application, distribution channel, and region:
Kickboxing
Equipment Product Outlook (Revenue, USD Million, 2015 - 2025)
- Gloves
- Protective Gear
- Punching Bags
- Boxing Pads
- Others
Kickboxing
Equipment Application Outlook (Revenue, USD Million, 2015 - 2025)
- Individual
- Commercial
Kickboxing
Equipment Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
- Offline
- Online
Kickboxing
Equipment Regional Outlook (Revenue, USD Million, 2015 - 2025)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- Japan
- China
- Central & South America
- Brazil
- Middle East & Africa
- South Africa
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more info visit @ https://www.grandviewresearch.com
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