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Jan 09, 2024

Boxing Gear Market Set to Reach $2.7 Billion by 2031 Driven by Innovations and Rising Popularity: TMR Report

Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global boxing gear market is projected to flourish at a CAGR of 5.5 % from 2023 to 2031.

Wilmington, Delaware, United States, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global boxing gear market is projected to flourish at a CAGR of 5.5 % from 2023 to 2031. As per the report published by TMR, a valuation of US$ 2.7 billion is anticipated for the market in 2031. As of 2023, the market for boxing gear is expected to close at US$ 1.79 billion.

The increasing popularity of combat sports, including boxing, mixed martial arts (MMA), and kickboxing, and the growing demand for high-quality gear among participants boost the market demand for boxing gear.

Increase in spending capacity as well as an improvement in the standard of living of people across the globe, the demand for various boxing gear such as gloves, punching bags, and hand wraps for self-training rises significantly.

An increasing number of boxing gyms and fitness studios that offer boxing classes has contributed to a higher demand for training equipment, gloves, and apparel.

The increasing consumer awareness and the growing importance of safety during boxing training and competitions boost the demand for protective gear such as mouth guards, headgear, and hand wraps.

The rapid expansion in the global e-commerce sector and easy availability of a variety of boxing gear options at various shopping sites and companies’ websites drive the market growth.

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Market Snapshot:

Key Takeaways from the Market Study

Boxing Gear Market : Key Trends and Opportunistic Frontiers

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Boxing Gear Market- Regional Analysis

Competitive Landscape

The global boxing gear market is fragmented, with the presence of a small number of leading players. The leading players in the market are investing in new product development, mergers, and acquisitions to gain a competitive edge. Transparency Market Research has profiled the following players in its global boxing gear market report:

Key Developments in the Boxing Gear Market

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Boxing Gear Market - Key Segments

Product Type

Category

Price

Consumer Group

End-user

Distribution Channel

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About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.

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