The global kickboxing equipment products market was valued at USD 4.26 billion in 2021 and is projected to expand at a CAGR of 7.1% from 2022 to 2030. Kickboxing is gaining traction among fitness enthusiasts, owing to its advantages, such as improving cardiovascular fitness, reducing stress, and providing an aerobic workout. Various kickboxing equipment, such as gloves, pads, wraps, and bags, are available in the market. Furthermore, the global kickboxing equipment products market is expected to benefit from the increasing popularity of the martial art, kickboxing.

Kickboxing equipment manufacturers are continuously focusing on product innovation and designs to enhance consumer experience. For instance, in January 2021, Venum launched the Elite Standup Shin and Instep Guards, which are designed with a unique shape, to provide various protection levels and comfort. The dual density foam and the additional cushioning layer provide superior shock absorption and protection. Furthermore, the quick-drying and anti-microbial fabric keeps the skin dry and healthy.

The rise in the number of kickboxing tournaments and competitions around the world is driving the demand for kickboxing equipment. Various kickboxing leagues, including the Professional Karate Association (PKA), International Kickboxing Federation (IKF), World Kickboxing Organization (WKO), and World Kickboxing Network (WKN), are organizing kickboxing tournaments and championships across the globe. For instance, in November 2021, the World Kickboxing Network (WKN) organized a kickboxing tournament in France.

The growing awareness and popularity of kickboxing has led to an increase in the number of kickboxing academies and gyms. Moreover, the rising trend of fitness and self-defense is driving the market growth. Furthermore, the growing number of kickboxing academies and gyms is expected to fuel the demand for kickboxing equipment products over the forecast period.

Major players, such as Adidas, Hayabusa, and Venum, are introducing new product launches with advanced features. For instance, in May 2021, Hayabusa launched the T3 Kanpeki 6oz boxing gloves, which are designed to provide superior protection and comfort. The breathable mesh panel and the ergonomic design provide superior comfort and fit. Furthermore, the ergonomic dual-x closure system ensures a secure and adjustable fit, allowing the user to move freely.

The protective gear segment held the largest share of the kickboxing equipment market in 2022. Kickboxing protective gear includes boxing gloves, headgear, shin guards, mouthguards, and other protective equipment. The increasing popularity of kickboxing and its acceptance as a mainstream sport are driving the demand for protective gear. Moreover, superior features of protective gear such as durability, comfort, safety, and light weight are aiding in the growth of the market. According to an article published by Fight Sports, in October 2019, the use of protective gear is a must for beginners and even for experienced kickboxers to stay safe and protected.

The kickboxing accessories segment is expected to expand at the highest CAGR of 8.5% over the forecast period. Increasing demand for kickboxing accessories such as punching pads, kick shields, focus mitts, and punching bags is driving the growth of the market. Moreover, kickboxing gloves are available in different sizes and materials, which are used for different purposes such as sparring, punching bags, and heavy bags. According to an article published by Fight Sports, in October 2019, focus mitts are used by kickboxers to improve their accuracy and speed.

The kickboxing equipment market is mainly driven by the brick-and-mortar retail segment. This segment accounted for a market share of over 39.2% in 2022. Brick-and-mortar retail stores are the traditional and most preferred distribution channel for kickboxing equipment. These stores offer a wide range of kickboxing equipment and other related products. Customers can touch, feel, and experience the product before purchasing. In addition, these stores offer discounts, promotional offers, and other schemes, which attract consumers to purchase kickboxing equipment.

The online segment is expected to register the highest CAGR of 12.7% over the forecast period. The rising popularity of online shopping and increasing internet penetration in developing countries are some of the factors driving the growth of this segment. In addition, e-retailers such as Amazon and eBay offer a wide range of kickboxing equipment. These e-retailers offer discounts and promotional offers, which attract consumers to purchase kickboxing equipment online. Moreover, online shopping provides convenience to customers to purchase the required kickboxing equipment from the comfort of their homes.

The protective gear segment accounted for the largest revenue share of 61.2% in the year 2022. The increasing popularity of kickboxing and kickboxing fitness classes is driving the demand for protective gear. The growing popularity of the sport and kickboxing fitness classes is also driving the demand for protective gear. For instance, in April 2021, KBF (Kickboxing Fitness) was launched in the United Kingdom. The growing demand for protective gear is attributed to the rise in awareness among people regarding the importance of safety while practicing kickboxing.

The gloves segment is anticipated to expand at the highest CAGR of 7.3% over the forecast period. The growing demand for protective gear is driving the demand for gloves. The increasing popularity of the sport and kickboxing fitness classes is increasing the demand for gloves. Furthermore, the availability of gloves in different sizes and colors is expected to propel the demand for gloves. For instance, in April 2021, Venum launched a new collection of kickboxing gloves, which are available in different colors and sizes.

Asia Pacific is projected to exhibit the highest CAGR in the global market over the forecast period. Factors such as an increase in the number of kickboxing academies, increasing participation in kickboxing tournaments, and improving economic conditions are expected to drive the kickboxing equipment market in the region. Additionally, the emergence of kickboxing leagues in countries such as India and China is expected to further fuel the growth of the market in the region.

Europe is estimated to be the second-largest market for kickboxing equipment in 2022. Increasing awareness about the health benefits of kickboxing and the growing popularity of kickboxing as a sport are expected to fuel the demand for kickboxing equipment in the region. Moreover, the presence of numerous international kickboxing tournaments in the region is expected to further boost the market.

North America is expected to witness significant growth in the kickboxing equipment market during the forecast period. This is due to the increasing popularity of kickboxing and the presence of major players in the region. The U.S. holds the largest market share in North America, as the country has a large number of kickboxing academies. Additionally, the presence of prominent players such as Century Martial Arts, Everlast, and Adidas is further boosting the market growth in the U.S.

In this part of the kickboxing equipment products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your kickboxing equipment products. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions
The main source of revenues for a kickboxing equipment products business comes from the sale of kickboxing equipment such as gloves, pads, and protective gear. Additionally, you can also consider selling workout apparel, supplements, and other accessories to increase your profits.

Projecting Expenses
In this section, all the regular expenses related to keeping the kickboxing equipment products business running will be described. The list of operating expenses includes wages, rent, maintenance and repairs, utilities, insurance policies, advertising, inventory purchases, and others.

Some of the key companies operating in the kickboxing equipment market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In April 2022, Hayabusa Fightwear launched the T3 Boxing gloves designed to provide superior comfort and protection.

– In May 2022, Adidas AG launched the Speed 50 boxing glove series designed for the professional kickboxers.

– In June 2022, Venum launched the Elite boxing gloves designed for kickboxing and Muay Thai.

Some of the prominent players in the kickboxing equipment market include:

– Hayabusa Fightwear
– Adidas AG
– Venum
– Everlast Worldwide, Inc.
– RDX Sports
– Twins Special Co. Ltd.
– Bad Boy International
– Fairtex
– Title Boxing
– Combat Sports International

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global kickboxing equipment market based on product, distribution channel, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Gloves
– Punching Bags
– Footwear
– Apparel
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What is the Potential of Product Innovation in the Kickboxing Equipment Market?
[A]: The kickboxing equipment market is expected to benefit from the introduction of innovative products. Products that offer ergonomic design, superior comfort and convenience, superior protection, and enhanced performance are expected to see increased demand. Additionally, the introduction of smart kickboxing equipment, such as gloves and headgear with sensors, is expected to drive the market.

[Q]: Who are the Key Players in the Kickboxing Equipment Market?
[A]: Major players in the kickboxing equipment market include Adidas, Everlast, Century Martial Arts, RDX Sports, Twin Dragon, and Hayabusa.

[Q]: Which Region Offers the Largest Opportunity for Sales of Kickboxing Equipment?
[A]: Asia Pacific is the largest regional market for kickboxing equipment and is expected to dominate the market in the forecast period due to the increasing popularity of kickboxing and the presence of a large population base.

[Q]: What are the factors driving the kickboxing equipment market?
[A]: Factors such as increasing disposable income, rising awareness about fitness, and growing popularity of kickboxing and other combat sports are expected to drive the kickboxing equipment market. Additionally, the emergence of e-commerce and the advent of technologically advanced products are also expected to fuel the market.