Increasing health consciousness and participation in high-intensity sports have created markets for different sports equipment. The punching bag, a popular sporting equipment, is garnering attention as boxing and kickboxing gain importance in fitness regimen. The global punching bag market was worth US$56 mn in 2018 and the report suggests that the market will reach US$71 mn by 2025 at a steady CAGR of 3.5%.
The team of QY Research analysts has published a detailed report of the market, titled “Global Punching Bag Market Report, History and Forecast 2014-2025, Breakdown Data by Manufacturers, Key Regions, Types and Application.”
Global Punching Bag Market: Drivers
The growing interest in self-defence is paving way for a number of sports such as boxing. The primary reason for the growth of global punching bag market is the increasing demand for boxing and kickboxing as sports and fitness routines. This equipment is also helpful in a muscle growth and upper body workout. In recent past, the sports industry had witnessed a surge in the number of tournaments worldwide, which has helped to boost sales of punching bags for boxing.
Global Punching Bag Market: Segment Analysis
The global punching bag market is segmented on the basis of type and application. In terms of type, the market is segmented into speed bags, heavy bags, double-ended bags, and uppercut bags. In terms of application, the market is segmented as fitness studios and gyms, schools, colleges and universities, training and sports centers, and others. Fitness studios and gyms segment is expected to dominate the global market as the use of punching bags is highest in these spaces for the involvement of women and kids as well in fitness and cardio training.
Global Punching Bag Market: Regional Analysis
On the basis of region, the global punching bag market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America and Europe are the most promising region for the punching bag market as health awareness is quite high in these regions. The involvement in difficult physical activity and outdoor sports and punching bags help in the training.
Global Punching Bag Market: The Key Players
The key players studied in the global punching bag market are Everlast Century Martial Arts, Maxxmma, Ringside, Cleto Reyes, Outslayer, Title Boxing, RDX Sports, Pro Boxing Equipment, AQUA TRAINING BAG, and Nazo Boxing. These companies are creating a number of designs and style for every kind of users. But some of them are walking an extra mile to make the boxing gears more in vogue.
For example, Title Boxing Club plans to open a boxing workout place at Maple Grove soon. According to the owner the workouts are for getting in shape only and not for any competitions. Such initiatives will encourage a number of people to try the sport and get the option to be interested in it. This will help them to take exercise and health consciousness more seriously without making it monotonous, to support the market boost.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076327/global-punching-bag-market