Market Overview:
The global taekwondo equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to factors such as rising popularity of taekwondo as a sport, increasing disposable income, and growing demand for protective clothing and other equipment among athletes. Based on type, the global taekwondo equipment market can be segmented into clothing, waistband, and protective clothing. Protective clothing is further sub-segmented into headgear, chest protector, gloves, shin guards and others (knee pads). Among these segments, protective clothing is expected to witness the highest growth during the forecast period owing to increasing awareness about safety among athletes participating in contact sports such as taekwondo. Based on application, the global taekwondo equipment market can be segmented into competition use and training use. Competition use dominates the overall application segment of this market due to rising popularity of tournaments across different regions worldwide.
Product Definition:
Taekwondo equipment is any gear that is used for the practice of Taekwondo. This can include things like uniforms, sparring gear, and pads. The importance of this equipment varies depending on the person. For some, it is simply necessary to have the proper gear in order to safely participate in sparring or training exercises. For others, the equipment may hold a deeper spiritual significance.
Clothing:
Clothing is an article of apparel, which is worn by athletes during competition as well as training. The clothing helps the athlete to perform better and have a free movement while performing any sport. It also provides extra protection to the body parts that are used for sports activity. The different types of clothing include protective gear, uniform, casual wear and ring attire among others.
The global Taekwondo equipment market size was valued at USD 585 million in 2016.
Waistband:
The Waistband is the part of a Taekwondo uniform that wraps around the athlete's body. It helps to keep the uniform clean and protects it from any damage. The material used for making a taekwondo belt is different according to its use and type of competition.
Application Insights:
The competition segment dominated the global taekwondo equipment market in 2017, accounting for over 70.0% share of the total revenue. The growth of this segment can be attributed to rising popularity and participation in various taekwondo competitions across the world. Taekwondo is a competitive sport; therefore, players require proper gear for training and matches that helps them perform better on the battlefield.
Training accounted for a significant share owing to increasing government initiatives towards fitness and health awareness among adults as well as children across countries such as China, South Korea, Japan etc., which has resulted in increased participation in martial arts training sessions including taekwondo at local clubs or schools.
Regional Analysis:
North America dominated the global taekwondo equipment market in 2017. The growth of this region can be attributed to the increasing popularity of taekwondo as a sport and its incorporation into the Olympic Games. Furthermore, growing awareness regarding safety and protection while training is expected to drive demand for impact resistant headgear, hand protection products, protective clothing including breast protectors among others over the forecast period.
The Asia Pacific is anticipated to witness significant growth over the next eight years owing to rising government initiatives for developing sports in countries such as India and China along with other South East Asian nations.
Growth Factors:
- Increasing demand for martial arts and Taekwondo training from the general population.
- Rising popularity of Taekwondo as a competitive sport.
- Growing number of fitness enthusiasts looking for new workout regimes that include martial arts training.
- Proliferation of MMA (mixed martial arts) gyms, which offer taekwondo classes as part of their curriculum, driving demand for taekwondo equipment among these gyms’ memberships base
Scope Of The Report
Report Attributes
Report Details
Report Title
Taekwondo Equipment Market Research Report
By Type
Clothing, Waistband, Protective Clothing
By Application
Competition, Training, Others
By Companies
Adidas, Century Martial Arts, Everlast Worldwide, Hayabusa Fightwear, Twins Special, Combat Sports International, Fairtex, King Professional, Revgear, Ringside, Adidas, Venum Store, Windy
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
201
Number of Tables & Figures
141
Customization Available
Yes, the report can be customized as per your need.
Global Taekwondo Equipment Market Report Segments:
The global Taekwondo Equipment market is segmented on the basis of:
Types
Clothing, Waistband, Protective Clothing
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
Competition, Training, 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:
- Adidas
- Century Martial Arts
- Everlast Worldwide
- Hayabusa Fightwear
- Twins Special
- Combat Sports International
- Fairtex
- King Professional
- Revgear
- Ringside
- Adidas
- Venum Store
- Windy
Highlights of The Taekwondo Equipment 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:
- Clothing
- Waistband
- Protective Clothing
- By Application:
- Competition
- Training
- 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 Taekwondo Equipment 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?
Taekwondo equipment includes protective gear such as headgear, gloves, and shin guards. It also includes weapons such as the taekwondo baton and poomsae (forms).
Some of the major players in the taekwondo equipment market are Adidas, Century Martial Arts, Everlast Worldwide, Hayabusa Fightwear, Twins Special, Combat Sports International, Fairtex, King Professional, Revgear, Ringside, Adidas, Venum Store, Windy.
The taekwondo equipment market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Taekwondo Equipment 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 Taekwondo Equipment Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Taekwondo Equipment 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 Taekwondo Equipment 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 Taekwondo Equipment Market Size & Forecast, 2020-2028 4.5.1 Taekwondo Equipment Market Size and Y-o-Y Growth 4.5.2 Taekwondo Equipment 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 Clothing
5.2.2 Waistband
5.2.3 Protective Clothing
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 Competition
6.2.2 Training
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Taekwondo Equipment 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 Taekwondo Equipment 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 Clothing
9.6.2 Waistband
9.6.3 Protective Clothing
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 Competition
9.10.2 Training
9.10.3 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 Clothing
10.6.2 Waistband
10.6.3 Protective Clothing
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 Competition
10.10.2 Training
10.10.3 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 Clothing
11.6.2 Waistband
11.6.3 Protective Clothing
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 Competition
11.10.2 Training
11.10.3 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 Clothing
12.6.2 Waistband
12.6.3 Protective Clothing
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 Competition
12.10.2 Training
12.10.3 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 Clothing
13.6.2 Waistband
13.6.3 Protective Clothing
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 Competition
13.10.2 Training
13.10.3 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 Taekwondo Equipment Market: Competitive Dashboard
14.2 Global Taekwondo Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Adidas
14.3.2 Century Martial Arts
14.3.3 Everlast Worldwide
14.3.4 Hayabusa Fightwear
14.3.5 Twins Special
14.3.6 Combat Sports International
14.3.7 Fairtex
14.3.8 King Professional
14.3.9 Revgear
14.3.10 Ringside
14.3.11 Adidas
14.3.12 Venum Store
14.3.13 Windy