PUBLISHER: The Business Research Company | PRODUCT CODE: 1619523
PUBLISHER: The Business Research Company | PRODUCT CODE: 1619523
Combat sports products refer to specialized equipment and gear used in combat sports, including protective gear, training tools, and competition apparel. These products enhance athletes' performance, safety, and training efficiency in disciplines such as boxing, wrestling, and mixed martial arts.
The main product types of combat sports products include protection, apparel, footwear, and accessories. Protection products includes gear designed to safeguard athletes during training and competition, such as gloves, mouthguards, and pads that minimizes injury risk and ensuring safety in combat sports. The sports types are categorized into boxing, kickboxing, karate, judo, wrestling, and others. The price types include low, medium, and high with distribution channels such as online and offline for consumer group types, including professional and non-professional.
The combat sports products market research report is one of a series of new reports from the business research company that provides combat sports products market statistics, including combat sports products industry global market size, regional shares, competitors with an combat sports products market share, detailed combat sports products market segments, market trends and opportunities, and any further data you may need to thrive in the combat sports products industry. This combat sports products market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The combat sports products market has grown strongly in recent years. It will grow from $8.33 billion in 2023 to $8.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth during the historic period can be linked to the increasing popularity of MMA and UFC events, a rise in global participation in combat sports, more extensive media coverage and live broadcasting of major combat sports events, the establishment of regional combat sports leagues, the expansion of combat sports training academies, and partnerships between brands and athletes for sponsorship deals.
The combat sports products market is expected to see strong growth in the next few years. It will grow to $11.67 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The anticipated growth during the forecast period can be attributed to the integration of smart technology into combat sports equipment, rising demand for high-performance combat sports gear, increased emphasis on athlete safety and injury prevention, greater adoption of combat sports in youth fitness programs, expansion of combat sports merchandise and apparel lines, and growth in online retail channels for these products. Key trends during this period include a heightened demand for sustainable and eco-friendly combat sports products, growing popularity of personalized combat sports gear, increased participation of women in combat sports, rising use of AI-powered performance tracking devices, growing interest in hybrid combat sports events, and the development of customizable nutrition plans specifically for combat athletes.
The increasing participation in high-performance sports is expected to drive the growth of the combat sports products market. High-performance sports are competitive athletic activities where athletes strive for peak excellence through advanced training, strategy, and technology. This growing involvement is fueled by a rising interest in achieving elite athletic goals, advancements in training technology, and more opportunities for competitive success. Combat sports products support high-performance sports by providing specialized equipment and training tools that enhance performance, safety, and competitive advantage. For example, in September 2023, the National Federation of State High School Associations, a US-based organization for high school sports, reported a 16% increase in overall high school wrestling participation, surpassing 300,000 athletes from 2021 to 2023. Additionally, girls' participation surged by 55.2% to nearly 50,000 in the 2022-23 period, while boys' participation grew by 9.6%. Consequently, the rise in high-performance sports participation is set to boost the combat sports products market.
Leading companies in the combat sports products market are focusing on creating advanced products, such as AI-powered punching bags, to enhance training experiences and deliver real-time performance analysis. An AI-powered punching bag is a smart training tool that utilizes artificial intelligence to evaluate a boxer's movements, provide immediate feedback, and improve training efficiency and effectiveness. For example, in December 2022, BHOUT, a Portugal-based company that merges fitness with technology, launched the world's first AI-powered punching bag. This innovative boxing bag incorporates machine learning and biometric sensors to analyze strikes, track data through the BHOUT app, and adjust to users' moods and training intensity. It features a multi-layered design for safety and an integrated nudging system for motivation, gamifying boxing training with routines, progress tracking, and virtual competition. Users can earn blockchain-backed in-app tokens, known as Jab$, and connect with a global community via the BHOUT ecosystem.
In April 2024, River Associates, a US-based private equity firm, acquired Dollamur Sport Surfaces for an undisclosed amount. This acquisition aims to capitalize on Dollamur's technology and market reputation to foster growth, broaden its reach, accelerate development, and support the company's next phase of expansion. Dollamur Sport Surfaces is a US-based manufacturer known for its high-performance competitive sports flooring tailored for combat sports.
Major companies operating in the combat sports products market are Nike Inc., Adidas AG, Under Armour Inc., Reebok International Limited, RDX Sports Ltd., Koral Activewear Inc., Century LLC, Venum Group, Everlast Worldwide Inc., Meister International LLC, Hayabusa Fightwear Inc., Anthem Athletics LLC, Ringside Inc., Tatami Fightwear Ltd, Fuji Sports Inc., Title Boxing LLC, Revgear Sports Co., Rival Boxing Gear Inc., Gameness Sports, Combat Corner Professional LLC, Twins Special Co. Ltd., Industrias Reyes S.A. de C.V., Scramble Brand Limited, Toyam Sports Limited
North America was the largest region in the combat sports products market in 2023. The regions covered in the combat sports products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the combat sports products market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The combat sports products market consists of sales of gloves, protective gear, and punching bags. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Combat Sports Products Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on combat sports products market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for combat sports products ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The combat sports products market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.