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Kickboxing Equipment Market Detailed Analysis Based On Product, Application, Distribution Channel, Region And Forecast 2019 To 2025 : Grand View Research Inc.

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Kickboxing Equipment Market Detailed Analysis Based On Product, Application, Distribution Channel, Region And Forecast 2019 To 2025 : Grand View Research Inc.

November 27
01:52 2019
Kickboxing Equipment Market Detailed Analysis Based On Product, Application, Distribution Channel, Region And Forecast 2019 To 2025 : Grand View Research Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global kickboxing equipment market size was valued at USD 188.3 million in 2018. Growing adoption of cardio kickboxing as a fitness program among gym professionals as well as athletes is projected to promote the scope for kickboxing equipment.

The global kickboxing equipment market size is expected to reach USD 240.5 million by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.6% over the forecast period. Increased awareness regarding health and fitness has been encouraging people to participate in kickboxing, which is expected to promote the utility of various equipment including gloves and punching bags. For instance, health experts have recommended that the continuous activity of this type of boxing helps in improving cardiovascular health and ensuring better blood circulation. In addition, increasing popularity of these sport activities for self-protection among millennials is expected to promote the scope for various kickboxing equipment including gloves and gears.

Over the past few years, the equipment manufacturers have been focusing on the advancement of the protective gears in terms of both build-in quality and design. Protective gear is anticipated to expand at the fastest CAGR of 4.2% from 2019 to 2025. This segment includes mouth guards, head gear, shin guards, hand wraps, and ankle support wraps. These products are expected to gain utility as protective shield to the consumers from any injuries during boxing activities.

The commercial application segment dominated the global kickboxing equipment market in 2018. Increased number of health clubs and training centers has driven the commercial sector across the globe. This segment requires equipment in bulk to serve a large number of consumers. It also provides personal training by professionals.

In terms of distribution channel, the online segment is projected to expand at the fastest CAGR of 4.1% from 2019 to 2025. Increasing number of online payment platforms as a convenient medium for the consumers is expected to remain a key factor for the industry growth. In addition, availability of smartphones at affordable prices in the developing countries including India, China, and Brazil has played a crucial role in promoting the access of e-commerce to the consumers.

Asia Pacific emerged as the largest market in 2018, accounting for over 40.0% share of the global revenue due to rising number of promotional activities and increasing consumers’ concern over fitness. Participation in kickboxing has increased in the countries including Japan, Australia, China, India, Myanmar, New Zealand, South Korea, Singapore, and Thailand. These factors are expected to play a key role in expanding the scope for various products including gloves, protective gear, and boxing pads.

Key competitors of this industry include Adidas AG; Last Round Equipment; Budoland; Century LLC; Everlast Worldwide, Inc.; Hayabusa Fightwear Inc.; Twins Special Co., Ltd.; SMAI; Combat Sports International; Hykso; and WESING SPORTS. The industry participants are expected to increase the spending on the development of new products in order to expand their market size.

U.S. kickboxing equipment market size, by application, 2015 - 2025 (USD Million)

Request a sample Copy of the Kickboxing Equipment Market Research Report @ https://www.grandviewresearch.com/industry-analysis/kickboxing-equipment-market/request/rs1

Key Takeways Of The Report :

  • By product, gloves dominated the global kickboxing equipment market with 40.9% share in 2018. Protective gear is expected to witness the fastest growth in the coming years due to growing need for protection from injury among athletes during boxing

  • The commercial application segment held the largest share of more than 70.0% in 2018

  • Online distribution channel is expected to expand at the fastest CAGR of 4.1% from 2019 to 2025

  • Asia Pacific held the largest share of over 40.0% in 2018 and is expected to witness the fastest growth from 2019 to 2025.

Global kickboxing equipment market share, by product, 2018 (%)

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Grand View Research has segmented the global kickboxing equipment market on the basis of product, application, distribution channel, and region:

Kickboxing Equipment Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Gloves

  • Protective Gear

  • Punching Bags

  • Boxing Pads

  • Others

Kickboxing Equipment Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Individual

  • Commercial

Kickboxing Equipment Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Offline

  • Online

Kickboxing Equipment Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America

    • U.S.

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • Japan

    • China

  • Central & South America

    • Brazil

  • Middle East & Africa

    • South Africa

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

 

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