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Kickboxing Equipment Market Size, Growth, 2025 | Industry Report

Kickboxing Equipment Market Analysis Report By Product, By Application, By Distribution Channel, By Region And Segment Forecasts From 2019 To 2025

Report ID: MN17619672  |  Published: May 2020  |  No of Pages: 80
Format: Electronic (PDF)  |  Industry: Consumer Goods  |  Publisher: Grand View Research

Industry Insights

The global kickboxing equipment market size was accounted for USD 188.3 million. This growth can be attributed to rising interest of millennial population for sports activities like cardio kickboxing. Moreover, introduction of kickboxing in normal gym or fitness sessions is anticipated to drive the market growth for kickboxing equipment in the upcoming years. In addition, regular exercise of kickboxing is preferred by fitness trainers to enhance body resistance and cardiovascular endurance.

This activity of kickboxing helps in improvement of physic, muscle toning and acts as a full-body workout. It also helps to improve eye-hand coordination and flexibility. In addition, continuous movements of players for carrying out these activities enhance the process of calorie burning. Thus, millennial population is practicing this sports activity for reducing body fats and to reduce the chances of cardiovascular diseases.

U.S. kickboxing equipment market

The activity of kickboxing helps in developing confidence, self-esteem and helps in relieving mental stress. Since the last few years, participation of women in such activities has increased manifolds across the globe. They also hold a significant share in number of participants in kickboxing and other related sports activities. Thus, majority of institutions have started organizing weight classes, especially for women participants. For example, Glory launched the super-bantamweight contest in the Grand Prix Tournament. This increase in weight category exercises is projected to drive the market demand for kickboxing equipment in the upcoming years.

Several tracking devices like smart-watches and wristbands are gaining popularity in the global market. This can be associated with their usage for collecting data on power, punch type, and speed of the players. For example, Hykso had launched a wearable device in 2016 that helped in tracking type, velocity and the total number of punches. As the real-time results of punches are available in smart phone applications and other devices, players can track their daily progress. Thus, the market for such products is anticipated to boost in the upcoming years.  

Application Insights

The commercial application segment held the largest share of around 70% in the global market. This growth can be associated with increasing demand for conducting kickboxing classes in the fitness center, health clubs, and gymnasiums. As these centers strictly follow the usage of protective equipment while teaching kickboxing, the demand for such products is anticipated to boost in years to come.

The individual application segment is anticipated to register the fastest CAGR of 3.9% during the forecasted years, 2019 to 2025. This growth can be attributed to rising disposable income among the working population coupled with increasing awareness about health benefits obtained from kickboxing and other related sports activities. Additionally, flexibility offered by this home boxing equipment to practice as a convenient time is anticipated to drive the kick boxing equipment market demand in the upcoming years.      

Distribution Channel Insights

The offline distribution channel segment held the largest market share of over 85% across the global market for kickboxing equipment, in 2018. Rising sale of these products through specialty and sports stores contribute largely to offline sales. This can be attributed to the need for physical verification of the products before making the purchase decision coupled with presence of store assistants who help in selecting products as per the desired requirements.

The online segment of the distribution channel is anticipated to register the highest CAGR of 4.1% during the forecasted years, 2019 to 2025. This growth can be associated with rising usage of internet and mobiles among the millennial population across the globe. In addition, increasing influence of e-commerce platforms like Walmart, Amazon, and Alibaba is expected to drive online sales. Moreover, salient features like convenient shopping, doorstep delivery, online payment options and hassle-free return policy provided by these platforms and manufacturers help in boosting the sales for such products.

Products Insights

In 2018, the gloves product segment held the largest share of 40.9% in the global kickboxing equipment market. This growth can be attributed to the recommendation by various associations for using gloves for amateur and professional boxing. In addition, protection for fingers and hand provided by these gloves is expected to drive the market growth for this product in the upcoming years.

Global kickboxing equipment market

The segment of protective gear is anticipated to register the highest CAGR of 4.2% during the forecasted period, 2019 to 2025. Products like shin guards, mouth guards, headgear, hand wraps, and ankle support wraps are included in this category. The manufacturers have started launching advanced products with latest design and technologies. Among these products, headgears are considered as the most important gears as they provide security against head injuries and concussions. Thus, the demand for such gears that provide maximum protection to critical human organs is anticipated to drive the market for kick boxing equipment during the forecasted years, 2019 to 2025.

Regional Insights

In 2018, Asia Pacific held the largest share exceeding 40% of the global market. Many countries like China, Japan, India, South Korea, Australia, New Zealand, Thailand, Singapore, and Cambodia are considered as the major markets for these products. Moreover, promotional activities being undertaken by leading manufacturers to boost the sales of their products are attracting several fitness freaks across this region. Moreover, many kickboxing championships like Glory, K-1, Shoot Boxing, Kunlun Fight, and Wu Lin Feng are expected to impact positively on the market growth in the upcoming years.

Other regional markets such as Europe and North America are anticipated to generate revenue of USD 100 million during the forecasted years, 2019 to 2025. Moreover, rising number of kickboxing competitions and events is projected to boost the market demand for such equipment across these regions.

Kickboxing Equipment Market Share Insights

The market includes key players such as Last Round Equipment; Adidas AG; Everlast Worldwide, Inc.; Budoland; Twins Special Co., Ltd; Century LLC; Hayabusa Fightwear Inc.; WESING SPORTS; Hykso; and SMAI. These manufacturers are continuously engaged in product development and innovation for gaining a competitive advantage over other players.

They are also expanding their reach across the globe by implementing several strategies like acquiring partnerships with the distributors. For example, UFC collaborated with CSG Taiwan Ltd. to launch a product named UFC Force Tracker. This product is provided with features like Bluetooth device that tracks endurance, speed and power of the kick boxers.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, Japan, Brazil and South Africa

Report coverage

Revenue forecast, company share, competitive landscape, and growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis on latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Million Insights has segmented the global kickboxing equipment market report based on product, application, distribution channel and region:

• Product Outlook (Revenue, USD Million, 2015 - 2025)
    • Gloves
    • Protective Gear
    • Punching Bags
    • Boxing Pads
    • Others

• Application Outlook (Revenue, USD Million, 2015 - 2025)
    • Individual
    • Commercial

• Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
    • Offline
    • Online

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • Japan
    • Central & South America
        • Brazil
    • Middle East and Africa
        • South Africa

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