Market Overview:
The global speed bags market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for fitness and training equipment, rising awareness about the benefits of using speed bags, and growing popularity of boxing and other combat sports. The global speed bags market can be segmented on the basis of type into heavy bags and speed bags. On the basis of application, it can be segmented into fitness studios and gyms, training and sports centers, schools and universities, others (including military establishments). The North American region is expected to account for a major share in terms of revenue in the global Speed Bags Market during 2018-2030 owing to factors such as high disposable income levels among consumers coupled with an increasing trend towards health & fitness across this region.
Product Definition:
A speed bag is a small, air-filled bag that is attached to a platform and used to improve hand speed, accuracy, and power. The importance of speed bags lies in the fact that they help increase hand speed and coordination.
Heavy Bags:
Heavy bags are designed to carry more weight than Speed Bags. They can be used for multiple purposes such as self-defense, sports training and fitness activities, home gym equipment or just for fun. The product is gaining popularity among consumers due to its features including high strength and durability along with extra cushioning which provides comfort during exercise.
Speed Bags:
Speed bags are small, lightweight, and flexible targets that can be used to improve hand-eye coordination. They are usually made of leather or heavy fabric and come in various sizes. The bag is filled with sand or air and then hit with a mallet for increased momentum. It helps develop accuracy, power, rhythm, speed as well as timing in the process of improving the player's overall game.
Application Insights:
The fitness studios and gyms application segment led the global speed bags market in 2017. This is attributed to a rise in demand for speed bag training as part of a fitness routine at health clubs, sports centers, and other similar facilities. Furthermore, rising demand for high-intensity interval training (HIIT) has also positively influenced the growth of this segment.
The schools and universities application segment is expected to witness significant growth over the forecast period owing to an increase in student enrollment across various countries including China, India, Brazil etc., which has resulted in an increased need for new classrooms or school buildings which require construction work at lightning speeds. In addition, governments are encouraging educational institutions/schools to install these bags as part of physical education curriculum so that students learn proper technique early during their career life. These factors are anticipated to drive product demand over the coming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position throughout the forecast period owing to increasing demand for speed bags from fitness studios and gyms, as well as schools and universities. In addition, rising popularity of outdoor activities such as hiking and cycling is anticipated to fuel product demand in North America over the forecast period.
Asia Pacific is expected to witness significant growth over the coming years owing to increasing number of commercial spaces such as offices, malls, clubs and restaurants that are investing in gym facilities for their employees or members. This will lead to increased adoption of speed bags by application during workouts at these commercial spaces which would drive regional market growth over the projected time frame. Moreover, growing interest among children & teenagers towards sports activities including football has led them using speed bags for practice purpose thereby driving product sales across this region significantly higher than other regions during 2016-2017 timeframe (as per a survey conducted by Adidas).
Growth Factors:
- Increasing demand for speed bags in the fitness industry as a means to improve overall fitness and conditioning.
- Growing popularity of boxing and other martial arts disciplines that use speed bags as part of their training regimen.
- Increased availability of affordable, quality speed bags through online retailers and sporting goods stores.
- Advances in materials technology that have led to the development of more durable, longer lasting speed bags.
- The increasing popularity of Crossfit-style workouts, which often incorporate speed bag training into their routines
Scope Of The Report
Report Attributes
Report Details
Report Title
Speed Bags Market Research Report
By Type
Heavy Bags, Speed Bags
By Application
Fitness Studios and Gyms, Training and Sports Centers, Schools and Universities, Others
By Companies
Everlast, Century llc, Ringside, Maxxmma, Outslayer, Cleto Reyes, RDX Sports, Title Boxing, AQUA TRAINING BAG, Balazs Fitness, Everlast
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Speed Bags Market Report Segments:
The global Speed Bags market is segmented on the basis of:
Types
Heavy Bags, Speed Bags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Fitness Studios and Gyms, Training and Sports Centers, Schools and Universities, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Everlast
- Century llc
- Ringside
- Maxxmma
- Outslayer
- Cleto Reyes
- RDX Sports
- Title Boxing
- AQUA TRAINING BAG
- Balazs Fitness
- Everlast
Highlights of The Speed Bags Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy Bags
- Speed Bags
- By Application:
- Fitness Studios and Gyms
- Training and Sports Centers
- Schools and Universities
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Speed Bags Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Speed Bags are a type of airbag that deploys from the front or side of a vehicle in the event of an accident. They help protect people by deploying quickly and helping to reduce injuries.
Some of the major companies in the speed bags market are Everlast, Century llc, Ringside, Maxxmma, Outslayer, Cleto Reyes, RDX Sports, Title Boxing, AQUA TRAINING BAG, Balazs Fitness, Everlast.
The speed bags market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Speed Bags Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Speed Bags Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Speed Bags Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Speed Bags Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Speed Bags Market Size & Forecast, 2020-2028 4.5.1 Speed Bags Market Size and Y-o-Y Growth 4.5.2 Speed Bags Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Heavy Bags
5.2.2 Speed Bags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Fitness Studios and Gyms
6.2.2 Training and Sports Centers
6.2.3 Schools and Universities
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Speed Bags Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Speed Bags Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Heavy Bags
9.6.2 Speed Bags
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Fitness Studios and Gyms
9.10.2 Training and Sports Centers
9.10.3 Schools and Universities
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Heavy Bags
10.6.2 Speed Bags
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Fitness Studios and Gyms
10.10.2 Training and Sports Centers
10.10.3 Schools and Universities
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Heavy Bags
11.6.2 Speed Bags
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Fitness Studios and Gyms
11.10.2 Training and Sports Centers
11.10.3 Schools and Universities
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Heavy Bags
12.6.2 Speed Bags
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Fitness Studios and Gyms
12.10.2 Training and Sports Centers
12.10.3 Schools and Universities
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Heavy Bags
13.6.2 Speed Bags
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Fitness Studios and Gyms
13.10.2 Training and Sports Centers
13.10.3 Schools and Universities
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Speed Bags Market: Competitive Dashboard
14.2 Global Speed Bags Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Everlast
14.3.2 Century llc
14.3.3 Ringside
14.3.4 Maxxmma
14.3.5 Outslayer
14.3.6 Cleto Reyes
14.3.7 RDX Sports
14.3.8 Title Boxing
14.3.9 AQUA TRAINING BAG
14.3.10 Balazs Fitness
14.3.11 Everlast