SAN FRANCISCO, September 16, 2021 / PRNewswire / – New Market Research Published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Kick Boxing Equipment – Global Market Trajectory & Analytics” . The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 6; Posted: April 2021
Executive pool: 453
Companies: 46 – Players covered include Adidas AG; Century LLC; Everlast Worldwide, Inc .; Hayabusa Combat Clothing Inc .; Twins Special, Inc. and others.
Blanket: All major geographies and key segments
Segments: Product (gloves, ankle / knee / elbow guards, punching bags, hand bandages, Shin guard, mouthguards, helmet, boxing protections)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Kickboxing Equipment Market To Reach $ 212.5 million by 2026
Amid COVID-19 Crisis, Global Kickboxing Equipment Market Is Estimated At US $ 174.5 million in 2020, is expected to reach a revised size of US $ 212.5 million by 2026, with a CAGR of 3.3% over the analysis period. Gloves, one of the segments analyzed in the report, is expected to register a CAGR of 2.8% and reach US $ 49.5 million at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the ankle / knee / elbow protectors segment is readjusted to a revised CAGR of 3.8% for the next 7 year period.
The US market is estimated at $ 48.3 million in 2021, when China is expected to reach $ 40.5 million by 2026
The market for kick boxing equipment in the United States is estimated at US $ 48.3 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 40.5 million by 2026, with a CAGR of 5.2% over the analysis period. Other notable geographic markets include Japan and Canada, each projects growth of 2.1% and 2.6% respectively over the period of analysis. In Europe, Germany is expected to grow at around 2.5% CAGR.
Punch bags segment to reach US $ 31.3 million by 2026
In the global punching bag segment, United States, Canada, Japan, China and Europe will lead to the estimated 4% CAGR for this segment. These regional markets representing a combined market size of US $ 18.5 million in 2020 will reach a projected size of US $ 24.3 million before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.