Global Boxing Equipment Market 2018-2022 | Popularity of Sports Tournaments to Boost Demand | Technavio
LONDON--(BUSINESS WIRE)--Aug 1, 2018--The global boxing equipment market 2018-2022 is expected to post a CAGR of more than 5% during the forecast period, according to the latest market research report by .
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180801005526/en/
Technavio has published a new market research report on the global boxing equipment market from 2018-2022. (Graphic: Business Wire)
A key factor driving the growth of the market is the rising popularity and number of sports tournaments. The growing interest of the global population in sports activities has had a direct effect on the growth and proliferation of sports tournaments. Recently, the sports industry has witnessed an upsurge in the number of tournaments. The number of boxing competitions played across the world and boxing training clubs are increasing, which can be attributed to the increase in the number of players in the last couple of years.
This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
In this report, Technavio highlights the surge in innovative boxing equipment as one of the key emerging trends in the global boxing equipment market:
Global boxing equipment market: Surge in innovative boxing equipment
Owing to the rising interest in sports activities such as boxing, vendors in the boxing equipment market are continuously investing in R&D activities to innovate and launch new products. Moreover, there is a constant demand for better production techniques and products that would not only add to the comfort and convenience of the user but also reduce production cost and provide a higher profit margin for users.
“Tracking technology is an emerging trend in the field of boxing and combat sports, which is used to track and enhance player’s performance by identifying the areas of improvement. It provides real-time training stats such as power, speed, the number of punches thrown and the punch type. For instance, Hysko launched a tracking device, which can be inserted in the gloves or hand wraps. The device will track the speed and frequency of punches, which can be analyzed for improving the performance of players. This device can be used for combat sports like boxing, kickboxing, and MMA,” says a senior analyst at Technavio for research on outdoor gear.
Global boxing equipment market: Segmentation analysis
This market research report segments the global boxing equipment market by end-user (boxing gloves, protective gear, and training equipment), by distribution channel (offline stores and online stores) and geographical regions (APAC, EMEA, and the Americas).
The Americas led the market in 2017 with a market share of more than 47%, followed by EMEA and APAC respectively. The markets in Eastern Europe and South America will gain traction during the forecast period. The market in APAC is growing, with major growth coming from nations such as China and Japan.
Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.
Some of the key topics covered in the report include:
Market LandscapeMarket ecosystem Market characteristics Market segmentation analysis
Market SizingMarket sizing Market size and forecast
Five Forces Analysis
Geographical SegmentationRegional comparison Key leading countries
Vendor LandscapeVendors covered Vendor classification Market positioning of vendors Competitive scenario
is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at .
View source version on businesswire.com:https://www.businesswire.com/news/home/20180801005526/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: MARTIAL ARTS SPORTS BOXING
SOURCE: Technavio Research
Copyright Business Wire 2018.
PUB: 08/01/2018 09:07 AM/DISC: 08/01/2018 09:07 AM