Asia-Pacific Kickboxing Equipment Market By Product (Gloves, Protective Gear, Hand Wraps, Punching Bags, Boxing Pads, Athletic Tapes, Clothing, Kettle Bell, Others) Distribution Channel (Sports Outlets, E-Commerce, Other) By Application (Individual and Commercial) Country (Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast To 2028
Market Analysis and Insights : Asia-Pacific Kickboxing Equipment Market
The Asia-Pacific kickboxing equipment market is expected to gain significant growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyzes that the market is growing with a CAGR of 5.4% in the forecast period of 2021 to 2028 and is expected to reach USD 188,962.37 thousand by 2028. Growing trend of kickboxing among people worldwide as a fitness alternative is expected to boost the growth of the kickboxing equipment market.
Kickboxing is a form of martial art that involves punching, kicking, and footwork. It provides health benefits, such as reduced body fat, increased flexibility, and a strengthened heart. Kickboxing improves balance and builds body strength. Boxing involves forceful, repetitive punching, and precautions must be taken to prevent damage to bones in hand. Hand wraps are used to secure the hand bone, and the gloves are used to protect the hands from blunt injury, which allows the boxers to throw punches with more force than if they did not use them. The mouth guard helps in protecting teeth and gums from injury and cushions the jaw, resulting in a decreased chance of knockout.
Asia-Pacific kickboxing market is driven as result of increasing awareness regarding the benefits of living a healthy life. Other factor contributing to the market growth is rising adoption of cardio kickboxing, In addition, emergence of new e-commerce platforms along with the increased internet penetration are further driving the market growth. On the other hand, high cost of equipment, changing preferences toward conventional techniques to exercise including yoga, aerobics, and others are restraining the market growth.
High risk of injury involved in kickboxing is expected to be a challenge for the growth of the market. However, growing participation into sports coupled with rise in personal disposable income is expected to create new growth opportunities.
The kickboxing equipment market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the kickboxing equipment market scenario contact Data Bridge Market Research for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific kickboxing equipment market scope and market size
The Asia-Pacific kickboxing equipment market is segmented based on product, distribution channel and application, The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product, the Asia-Pacific kickboxing equipment market is segmented into gloves, protective gear, hand wraps, punching bags, boxing pads, athletic tapes, clothing, kettle bell, and others. In 2021, the gloves segment is expected to dominate the market as it is an essential part of equipment kit and application fields other than kickboxing.
- On the basis of distribution channel, the Asia-Pacific kickboxing equipment market is segmented into sports outlets, E-commerce, and other. In 2021, the outlet segment is expected to dominate the market owing to factors such as direct approach to academies, player’s promotion, and commercial sector domination above individual.
- On the basis of application, the Asia-Pacific kickboxing equipment market is segmented into individual and commercial. In 2021, the commercial segment is expected to dominate the market due to more applications in commercial section including gyms and coaching academies,
Asia-Pacific Kickboxing Equipment Market Country Level Analysis
The Asia-Pacific kickboxing equipment market is analyzed and market size information is provided based on country, product type, distribution channel, and application as referenced above.
The Countries covered in the Asia-Pacific kickboxing equipment market report are China, Japan, South Korea, India, Australia, Thailand, Philippines, Indonesia, Singapore, and Malaysia. China dominates the market due to cultural aspect of martial art in sports in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Growing Strategic Activities by Major Market Players to Enhance Awareness for Kickboxing Equipment, Boosting Growth of Asia-Pacific Kickboxing Equipment Market.
The Asia-Pacific kickboxing equipment market also provides you with detailed market analysis for every country growth in a particular market. Additionally, it provides the detail information regarding the market players’ strategy and their geographical presence. The data is available for historic period 2010 to 2019.
Competitive Landscape and Asia-Pacific Kickboxing equipment Market Share Analysis
The Asia-Pacific kickboxing equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, and technology lifeline curve. The above data points provided are only related to the companies’ focus related to Asia-Pacific kickboxing equipment market.
Major companies operating in the Asia-Pacific kickboxing equipment market are Everlast Worldwide,INC., Venum, RDX Inc, Century LLC, Rival Boxing Gear USA, TWINSPECIAL, Budoland, Combat Brands, LLC, Fairtex, Fujian Weizhixing sports goods co.,ltd, Hayabusa Fightwear Inc., PAFFEN SPORT Gmbh & Co. KG , Qingdo Plus Commerce.Ltd., Revgear, SMAI USA, Stedys among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many contracts and agreements are also initiated by the companies worldwide which are further accelerating the Asia-Pacific kickboxing equipment market.
For instance,
- In July 2021, Fairtex announced partnership with Cage Warriors. With this partnership, Fairtex will be suppling gloves and equipment to the organization. This will help the company attract more customers.
- In April 2020, Fairtex collaborated with Urface to produce a unique, limited edition run of gloves and shorts. This helped the company strengthen its product portfolio.
- In July 2020, Venum and UFC became exclusive outfitting partner. The company will be UFC’s new exclusive global outfitting and apparel partner. This will help the company grow internationally.
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