Global Boxing Equipment Market Size is Expected to Reach $1521 Million by 2028

Boxing equipment is a variety of equipment and tools used to assist in boxing training and competitions. They help boxers improve their skills, enhance their physical fitness, and simulate actual competition environments. Common equipment for the entire collection includes sandbags, boxing gloves, punching bags, and speed balls. In addition, there is also some other auxiliary equipment, such as boxing shoes, boxing gear protectors, boxing helmets, etc., used to protect the safety of boxers and improve training effectiveness.

Segmented Market Analysis

From the perspective of product types, boxing gloves have the highest market share, exceeding 40%, followed by products such as sandbags and shinguards. This is mainly because boxing gloves are the core equipment in boxing and are crucial for protecting the hand safety of boxers. Sandbags and shinguards are important equipment for assisting in training and protecting athlete safety.

From a regional distribution perspective, the production of boxing equipment is mainly concentrated in North America, Europe, and the Asia Pacific region. Among them, North America is the largest production region, accounting for nearly 40% of the market share. This is mainly due to the emphasis on fitness culture and the popularity of boxing in North America.

Global Boxing Equipment Market Size and Share by Type and Application in 2023

 

Market Size (Million USD)

Market Share

Segmented by Type

Boxing Glove

514

43.78%

Sandbag

311

26.47%

Shinguard

241

20.55%

Others

108

9.20%

Segmented by Region

North America

459

39.12%

Europe

290

24.68%

Asia Pacific

295

25.10%

Central & South America

100

8.56%

Middle East & Africa

30

2.54%

Source: www.globalmarketmonitor.com

Overview of Market Development
With the rise of the fitness craze, more and more people are paying attention to boxing and Sanda as a fitness method, which has driven the rapid development of the boxing equipment market. The global boxing equipment market has shown a steady growth trend in recent years. According to our research data, the global boxing equipment market size reached $1174 million in 2023, an increase of 5.67% compared to 2022.
In the future, with the continuous development of the fitness craze and the promotion of boxing and sanda in schools and communities, the boxing equipment market will continue to maintain rapid growth. It is expected that the global boxing equipment market will increase to $1521 million by 2028.
Analysis of Market Competitive Landscape
From the perspective of market competition, the concentration of the global boxing equipment market is low. The data shows that in 2023, the total output value of boxing equipment from the top 3 enterprises in the industry was $251 million, with a total share of 21.36%; The total output value of boxing equipment for the top 6 enterprises was $292 million, with a total share of only 24.90%. The top three companies were Everlast, Title Boxing, and Cleto Reyes. In 2023, these three companies accounted for 11.41%, 5.46%, and 4.49% of their boxing equipment output in the global market, respectively.
Global Boxing Equipment Market Size Forecast and Competitive Landscape Analysis  

Global Boxing Equipment Market Size Forecast and Competitive Landscape Analysis
Source: www.globalmarketmonitor.com

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