Exclusive Report: Boxing Gloves Market Worth $2.24 Billion By 2031

The global Boxing Gloves Market size is projected to grow from USD 1.53 billion in 2024 to USD 2.24 billion by 2031 at a Compound Annual Growth Rate (CAGR) of 5.6% during the forecast period, according to a new report by Coherent Market Insights. The popularity of boxing and other combat sports like MMA has been steadily rising globally in recent years. More and more people are taking up boxing as a hobby or professional sport. Rising demand has led to the necessity of essential boxing equipment, including gloves.

Market Dynamics:

The increasing participation in boxing sports primarily drives the boxing gloves market. According to Allied Market Research, over 25 million people participate in boxing sports in the U.S. alone. Also, the rising number of boxing events and tournaments worldwide is encouraging new participants to take up the sport. Boxing tournaments are organized in the U.S. to the tune of over 2,000 per year. Moreover, the increasing popularity of combat sports such as MMA is positively impacting the sales of boxing gloves. However, the availability of counterfeit products may hinder the market growth.

Market Trends:

• Adoption of new fabrics in gloves: Manufacturers are focusing on the adoption of new breathable and lightweight fabrics such as neoprene, microfiber, and spandex for the production of boxing gloves. These fabrics provide optimum breathability, comfort, and durability. For instance, in 2019, Everlast introduced Powerlock 2.0 gloves made from breathable microfiber fabric and foam padding for effective performance.
• Rising demand for customized gloves: There is a rising demand for personalized and customized boxing gloves among professional and amateur boxers. Manufacturers are offering a wide range of color and design options. Along with customization of weight ounces, padding types, and fits according to the boxer’s hand size, fighting style, and weight category. The forecast period sees this trend continuing.

Market Opportunities:

Bag gloves dominate the glove type segment of the boxing gloves market. For training purposes, athletes primarily use punching bags with gloves on. They are padded to absorb the impact of punches without causing any harm. Bag gloves come with extra padding on the knuckles and back of the hand for enhanced protection and comfort during rigorous bag workouts. The extra padding helps boxers practice their punching technique with force for a longer duration without experiencing pain or injuries.

The professional boxing application segment holds the largest share of the boxing gloves market. Professional boxing requires protective gear of the highest quality and performance to ensure the safety of boxers during bouts. In televised championship matches, professional boxing gloves undergo rigorous certification processes for specific designs. They feature extra padding on knuckles and have well-distributed weight throughout the glove. This follows size regulations as per leagues to reduce the risk of injuries.

About Coherent Market Insights:

Coherent Market Insights is a global Boxing Gloves market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. Coherent Market Insights create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Disclaimer: The above content is originally posted on prnewswire.com. We have reposted the article. The relevant information is provided by Coherent Market Insights. All credit goes to their respective Copy Right Holders. (Coherent Market Insights)

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