ALBANY, New York, September 1, 2017 /PRNewswire/ —
Rising need to burn fat and maintain a healthy lifestyle has led to an increasing demand for the kick boxing equipment globally. As training professional boxers and athletes become essential, demand for the kick boxing equipment is projected to rev up in the sports industry. A recently published report by Transparency Market Research has revealed that the global market of kick boxing equipment is projected to reflect an impressive CAGR over the forecast period, 2017 – 2022.
Factors Fuelling Growth of the Global Market
Increasing awareness related to healthy lifestyle has led people to participate in kick boxing, and other self-defensive activities. Surge in kick boxing participation has led to an increase in demand for the kick boxing equipment in the fitness and sports industry. Moreover, people are trying to maintain their health and reduce weight, due to which they are engaging in various fitness related activities. With the increase in participation in fitness activities, demand for the kick boxing equipment is projected to increase in the fitness industry significantly. Such factors are likely to boost growth of the global market of kick boxing equipment during the predicted period.
Participation in fitness activities such as kick boxing helps athletes in reducing the prominence of cardiovascular diseases. In order to burn fat and maintain fitness, people follow high-intensity workout routine. Attributed to intense workouts, people regain endorphins that they lose due to surge in stress levels. This helps in lowering prevalence of cardiovascular diseases among professional boxers and athletes. Such factors are projected to fuel growth of the global market of kick boxing equipment throughout 2022.
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Punching Bags to Represent Leading Segment
The independent sports store is projected to reflect a relatively high CAGR in the global market throughout 2022. North America among other regions is projected to represent a major market for kick boxing equipment globally. Independent sports outlet is projected to represent the highest growth in terms of revenue in the global market of kick boxing equipment. The independent sports outlet is projected to represent lower than US$ 20 Mn in the kick boxing equipment market globally in 2017. Franchised sports outlet is projected to represent a significant growth in revenue terms in the kick boxing equipment market globally after independent sports outlet by 2017-end.
Punching bags among other products is projected to register a relatively high CAGR in the global market through 2022. Gloves and mouth guard are projected to reflect significant CAGR in the global market after punching bags throughout 2022. Ankle/ Knee/ Elbow guard among other products is projected to represent a relatively high growth in terms of revenue in the global market. The ankle/ knee/ elbow guard segment is projected to represent lower than US$ 20 Mn by 2022 – end. Gloves among other products is projected to represent a significant growth in revenue terms in the kick boxing equipment market globally after ankle/ knee/ elbow guard segment by 2022 – end.
Individual buyer is projected to reflect a relatively high CAGR in the global market through 2022. This segment is projected to represent a relatively high growth in terms of revenue in the global market of kick boxing equipment by 2022 – end. Institutional buyer is projected to represent a significant revenue growth in the global market after individual buyer by the end of 2022 – end.
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Market Players
Major market players in the global kick boxing equipment are Century LLC, adidas AG, Hayabusa Fightwear Inc, Everlast Worldwide, Inc., Twins Special Co. LTD, Combat Sports Inc., King Professional, Fairtex, Ringside, Inc., and Title Boxing, LLC.
Market Segmentation:
Global Kick Boxing Equipment Market, By Product Type
- Gloves
- Ankle/knee/elbow guard
- Punching bags
- Hand wraps
- Shin guard
- Mouth guard
- Head gear
- Boxing pads
- Others
Global Kick Boxing Equipment Market, By Sales Channel
- Independent sports outlet
- Franchised sports outlet
- Modern trade channel
- Direct to customer institutional channel
- Direct to customer online channel
- Third party online channel
Global Kick Boxing Equipment Market, By Buyer Type
- Individual
- Institutional
- Promotional
Global Kick Boxing Equipment Market, By Geography
- North America
- Latin America
- Europe
- Japan
- Asia-Pacific excluding Japan (APEJ)
- Middle East & Africa (MEA)
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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