Boxing Gloves Market was valued at USD 160.32 million in 2019 and is expected to reach USD 175.66 million by the year 2026, at a CAGR of 1.33%.
Boxing gloves are a padded glove that is especially designed for playing boxing matches and training purpose, boxing gloves helps to protect fighters’ hand of boxers from injuries while fighting. There are two different types of boxing gloves available that is suitable for different boxing training such as sand bag gloves and high quality boxing gloves, sand bag gloves that are suitable for punching bags trainings in boxing gym. High boxing gloves are used by professional players as it helps to protect figure and thumbs, it is used as defender helps avoid facial and brain injuries to boxers. Boxing gloves market has shown a significant growth in last few years as popularity of boxing sports is rapidly rising among people..
IMR offers a comprehensive overview of the market through the analysis of key parameters such as revenue, price, competition, and promotions, as well as the study, synthesis, and summarization of data from different sources. It analyzes the leading industry drivers and shows numerous market components. The information offered is thorough, dependable, and the result of a comprehensive primary and secondary study. IMR market research reports offer a comprehensive global market as well as an in-depth strategic sourcing methodology and analysis based on qualitative and quantitative research to anticipate market growth.
Segmentation Of Boxing gloves Market:
In market segmentation by Type, Boxing gloves Market report covers:
PU leather, Genuine Leather, Microfiber leather
In market segmentation by Application, Boxing gloves Market report covers:
Amateur (playing sandbag/boxing training etc),Business competition
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Key Benefits for Industry Participants & Stakeholders:
- Industry drivers, restraints, and opportunities covered in the study
- Neutral perspective on the market performance
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Potential & niche segments and regions exhibiting promising growth covered
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Human Identification Analysis Software Market
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COVID-19 Impact Analysis-
- During COVID-19, globally many industries were suffering from great economic crises; spread of COVID-19 virus has led to great damaging effect on global boxing gloves market.
- To control spread of corona virus diseases, nation-wide lockdown was imposed by government resulted in huge disruption in supply chain of raw material and looming of production cycle of boxing gloves market. Restraints were imposed by government on sports equipment and mega sports stores, brand store and specialty store that led to great hampering in demand of boxing gloves market.
- Restraints were imposed by government on Boxing clubs and training centers that lead to great decline in demand of boxing gloves market, as they are major user of boxing gloves.
- E-commerce has played vital role in uplifting supply chain of boxing gloves as it helps to cover wider range and cater demands of customer. Customers are also started shifting to online shopping method and hesitating and avoiding to going for instore purchases to control spread of corona virus diseases.
Boxing gloves Market Report contains market data from 2022 to 2028, which provides an overview of the market covering key drivers and risk factors. The report is segmented by top global manufacturers that mention sales, revenue and applicable prices. It also evaluates the competitive scenarios of key players. The report is expanded to include regional market data along with types and applications. This report forecasts sales and revenue from 2022to 2028. Detailed sales channels are also covered in the study.
Report Highlights:
- A complete analysis of the market, including the parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
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