A new report by Fact.MR estimates the global boxing gloves market to exhibit a moderate CAGR through 2022. The global market for boxing gloves is expected to reach roughly US$ 150 Mn in revenues by 2022-end.
One of the latest trends that is gaining higher traction in the global boxing gloves market is rising prevalence of women’s boxing. Seeking favor among various tournaments, women’s boxing has witnessed a wide acceptance among broadcasters. Five categories are being allotted to women’s boxing at Tokyo 2020 Olympic Games. Leading players in the market are now focusing on product innovation, including lightweight yet strong headgear and high-quality gloves for women, in a bid to expand their presence in the market. Vendors of boxing gloves are also concentrating on expanding their businesses across new as well as untapped markets across the globe. These factors might influence growth of the market in the upcoming years.
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Fact.MR’s report identified key players in the global boxing gloves market, which include
- Everlast Worldwide Inc.
- Reebok International Ltd.
- Adidas AG
- Title Boxing Llc
- Twins Special Co. Ltd.
- Sports Direct International plc.