The boxing equipment market is projected to increase by US$260.17 million from 2022 to 2027, at a compound annual growth rate of 4.07 percent, according to a recent market study by Technavio. The increase year-over-year in 2023 is expected to be 3.6 percent. The growth of the boxing equipment market will be primarily driven by the programs to increase participation, boxing as a part of fitness programs, and the increasing importance of private-label brands, Technavio’s experts said. The key markets are the U.S., Canada, China, Japan, Germany and the U.K. The companies profiled for the study include Adidas, Bhalla International, Carry Sports total, Century LLC, Combat Brands, Fairtex Equipment, Frasers Group, Hayabusa Fightwear, Hind Sports, Khalsa Gymnastic Works, King Pro Boxing, Kozuji, Maizo Worldwide, Pro Boxing Equipment, Revgear Sports, Ring To Cage Fight Gear, Sanabul, Shijiazhuang Goods, Twins Special, and Venum.
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