The Boxing Gloves Global Market Report 2023, provides comprehensive information on the boxing gloves market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Boxing Gloves Global Market Report 2023, the global boxing gloves market is expected to grow from $1.23 billion in 2022 to $1.32 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services effecting many markets across the globe. The boxing gloves market is expected to reach $1.69 billion in 2027 at a CAGR of 6.3%.
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Product innovations are a key trend gaining popularity in the boxing gloves market. Major companies operating in the boxing gloves market are focused on introducing innovative products and solutions to sustain their position in the market. For instance, in April 2023, Hayabusa Fightwear Inc., a Canada-based sporting goods provider, launched Hayabusa T3D, the world’s first 3D-printed boxing gloves with thousands of force-dampening struts. The new T3D gloves use a mesh network of geometric cells designed to channel and absorb energy upon impact while keeping your hands comfy. This 3D lattice has thousands of force-dampening struts that have been shown to outperform and outlast conventional foam construction.
The boxing gloves market is segmented:
- By Glove Type: Sparring Gloves, Bag Gloves, Competition Gloves
2) By Material Type: PU Leather, Genuine Leather, Microfiber Leather
3) By Distribution Channel: Supermarkets And Hypermarkets, Specialty Stores, Online Retails, Other Distribution Channels
4) By Application: Amateur Boxing, Professional Boxing
5) By End User: Kids, Adults
North America was the largest region in the boxing gloves market in 2022.
The table of contents in TBRC’s boxing gloves market report includes:
1.Executive Summary
- Boxing Gloves Market Characteristics
- Boxing Gloves Market Trends And Strategies
- Boxing Gloves Market – Macro Economic Scenario
- Global Boxing Gloves Market Size and Growth
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- Global Boxing Gloves Market Competitive Benchmarking
- Global Boxing Gloves Market Competitive Dashboard
- Key Mergers And Acquisitions In The Boxing Gloves Market
- Boxing Gloves Market Future Outlook and Potential Analysis
- Appendix
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