Boxing Gear Market Size - By Product Type (Gloves, Punching Bags, Protective Equipment, Footwear, Apparel), By Price Range, By Consumer Group, By End-User, By Distribution Channel, & Global Forecast 2023 – 2032

Boxing Gear Market Size

Boxing Gear Market size was valued at USD 1.5 billion in 2022 and is anticipated to register a CAGR of over 7.4% between 2023 and 2032. Increasing interest in boxing as a form of fitness training, seen as an effective full-body workout, leads to higher demand for boxing gloves, punching bags, and training equipment among fitness enthusiasts.
 

Expansion in professional boxing events, championships, and televised matches, increasing the visibility and popularity of the sport, consequently driving sales of boxing gear. Influential athletes and celebrities endorsing boxing or incorporating boxing into their fitness routines, influencing consumer preferences, and driving gear sales.
 

Increase in the number of fitness centers, boxing gyms, and studios offering boxing classes, boosting the demand for related gear among members and participants. Fashion trends favoring athletic and comfortable wear in daily life, leading to increased sales of boxing-related apparel and accessories.
 

COVID-19 Impact

The market for chemical protection gloves was significantly impacted by the COVID-19 outbreak. In reaction to the pandemic's challenges and safety precautions, there was a significant surge in demand for gloves, particularly chemical protection gloves. There were several reasons that caused interruptions in the worldwide gloves supply chain, such as rising demand, difficulties with logistics, and scarcity of raw materials. Deliveries of gloves experienced shortages and longer lead times as a result.
 

Boxing Gear Market Trends

The growing popularity of online retail, making boxing gear more accessible to a wider audience, and facilitating easier purchasing options for consumers. Boxing is seen as a stress-relieving activity, promoting mental well-being, leading to increased interest and gear purchases among those seeking stress relief. Consumer demand for personalized or customizable boxing gear, including gloves, apparel, and accessories.
 

Boxing Gear Market Analysis

Based on product type gloves, punching bags, protective equipment, footwear, and apparel. The gloves segment held around USD 840 Million in 2022. Growing popularity of boxing as a fitness regimen, hobby, or competitive sport, increasing the demand for boxing gloves among enthusiasts and athletes. Incorporation of boxing workouts into fitness routines due to its effectiveness in cardiovascular health and full-body workouts, driving the need for gloves in training sessions.
 

Based on the price range, the boxing gear market is categorized into low (20 to 100 USD), medium (100 to 250 USD), and high (Above 250 USD)). The low-price range held around 58% market share in 2022. Novices and entry-level enthusiasts seeking affordable gear to start their boxing journey, driving the demand for economically priced equipment, including gloves, hand wraps, and basic training gear. Products in the low-price range cater to a wider audience, including schools, community centers, and fitness facilities seeking cost-effective equipment for group training sessions.
 

Based on consumer groups, the market is categorized into adults and kids. The adult type segment held around USD 970 million in 2022. Adults engaging in boxing for fitness, seek high-quality gear for regular workouts and training sessions as part of their fitness routines. Rising interest among adults in combat sports, including boxing, as a means of staying active, improving cardiovascular health, and managing stress. Adults, particularly women, seeking boxing gear for self-defense training, leading to increased demand for gloves, hand wraps, and protective equipment.
 

Based on end-user, the market is categorized into professional boxers and amateur boxers. The amateur boxers segment held around 65% business share in 2022.  Rise in individuals starting their boxing journey as amateurs, seeking appropriate gear for training and participation in amateur-level competitions. The expansion of boxing gyms, fitness studios, and training centers offering programs tailored for amateur boxers, increasing the need for suitable gear. Increasing participation in amateur-level boxing events and tournaments.
 

Based on distribution channel, the boxing gear market is categorized into online retail and offline. The offline segment held around 59% industry share in 2022. Consumer preference for the convenience of browsing and purchasing boxing gear online, offering a wide range of options and comparison shopping. Online platforms provide access to boxing gear from various brands and regions worldwide. Online retailers offer a diverse range of boxing gear, including gloves, protective equipment, apparel, and training accessories, catering to different consumer preferences.
 

North America dominated the boxing gear market in 2022, accounting for a major share of around 57%. Growing interest in fitness and wellness activities, with boxing gaining popularity as an effective workout, driving the demand for related gear among health-conscious consumers. North American consumers' inclination toward technologically advanced boxing gear, such as gloves with enhanced features or smart wearables for tracking performance. Strong preference for online shopping among North American consumers, offering a wide range of boxing gear options, convenience, and accessibility. Increased awareness about the physical and mental health benefits of boxing, driving interest and gear purchases among health-conscious individuals.
 

Boxing Gear Market Share

Major players operating in the boxing gear industry include:

• Under Armor Inc.
• Nike Inc.
• Title Boxing Club International, Inc.
• Everlast Worldwide, Inc.
• Cleto Reyes, Inc.
   

Under Armor Inc. and Nike Inc. are dominant players in the industry due to their vast product landscape, geographical presence, and strategic alliances. These players focus on strategic partnerships, new product launch and commercialization for market expansion. Furthermore, these players are heavily investing in research that allows them to introduce innovative products and garner maximum revenue in the market.
 

Boxing Gear Industry News

• In January 2021, BoxUnion's acquisition of TITLE Boxing Club was a significant event in the fitness industry, creating a combined company with over 170 locations across the United States, Mexico, and the Dominican Republic. The acquisition brought together two leading boxing fitness brands, each with its own strengths and unique approach to boxing training.
   
• In 2023, Hayabusa Fightwear Inc. launched the world's first 3D-printed boxing gloves. The gloves, called T3D, are made with a lattice structure of resin that is designed to absorb and disperse impact energy more effectively than traditional foam gloves. The company claims that the gloves are lighter, more breathable, and more durable than traditional gloves, and that they provide better protection for the hands and wrists.
   

The Boxing Gear market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume (Million Units) & revenue (USD Billion) from 2018 to 2032, for the following segments:

Click here to Buy Section of this Report

By Product Type, 2018 – 2032

• Gloves
• Punching Bags
• Protective Equipment
  • Hand & Knee Wraps
  • Headgear
  • Mouth Guards
  • Chest Guards
  • Groin Protectors 
• Footwear
• Apparel
• Others

By Price Range, 2018 – 2032

• Low (20 to 100 USD)
• Medium (100 to 250 USD)
• High (Above 250 USD)

By Consumer Group, 2018 – 2032

• Adult
• Kids

By End-User, 2018 – 2032

• Professional Boxers
• Amateur Boxers

By Distribution Channel, 2018 – 2032

• Online Retail
  • E-commerce
  • Company Owned Website 
• Offline
  • Specialty Stores
  • Mega Retail Stores
  • Others

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia 
• Latin America
  • Brazil
  • Mexico
  • Argentina
• MEA
  • GCC
  • South Africa