The global heavy bag stand market is anticipated to grow at a considerable CAGR of 3.2% during the forecast period (2022-2028). A heavy bag stand is the sports equipment that is used for hanging heavy boxing or punching bags in several places, including the gym, clubs, home, and others. The major factor attributing to the growth of the global heavy bag stand market includes the increasing inclination of youth towards Mixed Martial Arts (MMA) due to the increasing numbers and popularity of MMA fighters across the globe. According to the official website of the Ultimate Fighting Championship (UFC), the number of MMA fighters has been consistently increasing from 724 active fighters (117 women, and 607 men) in 2020 to 2,607 active MMA athletes in 2022. Among these, 239 MMA athletes are women, and 2,368 MMA athletes are men. Thus, increasing the demand for heavy bag stands in boxing and MMA clubs.
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The application of heavy bag stands is also increasing for fat-reducing boxing training that reduces the risk of cardiovascular diseases due to the increasing prevalence of cardiovascular diseases across the globe. According to the report published by the World Health Organization (WHO) in June 2021, cardiovascular diseases are one of the major causes of mortality across the globe. The mortality due to cardiovascular diseases was around 17.9 million representing around 32% of the total global mortality. Around 85% of mortality due to cardiovascular diseases is caused due to heart attacks & strokes as a result of increased fat in the body. Thus, propelling the growth of the global heavy bag stand market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2021, Everlast Worldwide Inc., a sporting goods and apparel manufacturer, marketer, and licensor signed a new agreement with SportLife Brands LLC, an American apparel supplier. Under this agreement, SportLife will manufacture, market, and supply men’s, boys’, ladies’, and girls’ sleepwear, baselayer, and thermals under the brand name Everlast in the US. This agreement will benefit Everlast Worldwide Inc. in increasing its market share.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Amber Sports, Everlast Worldwide Inc., XMark Fitness, Title Boxing, and Outslayer Fight Gear, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Heavy Bag Stand Market Report by Segment
By Type
- Wall-Mounted Stand
- Standing Type Stand
By Application
- Gymnasium
- Boxing Club
- Home
- Others
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