Kickboxing Equipment Market Size Is Estimated To Reach $240.5 Million By 2025

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.

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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