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Research Outline
Prepared for Chris C. | Delivered March 1, 2020
Boxing Product Consumer Market
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Goals
To understand the US boxing product consumer market with the key data points of how many people in the US box and the market size of boxing equipment in order to evaluate revenue potential for boxing equipment products in the US.
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Early Findings
Our initial research on the boxing product consumer market in the US revealed insights. Here are key pieces of information we found:
Boxing Product Consumer Market
The
popularity of boxing
in the
US
is
currently declining
due to increased global competition. "National interest in any sport wanes when its heroes are replaced by champions from abroad who live and fight on foreign lands, speak different tongues and have names that cannot easily be pronounced."
However,
internationally
, boxing is currently one of the
most popular
sports.
Increasing participation
in boxing across the globe, especially
women’s
participation, has boosted the sport.
From most recently available public statistics, the
number of people
(aged six years and older) in the
US
who participated in
boxing
was approximately 6.53 million in 2017.
The
US
will have a
significant market size
in the global boxing equipment market during the forecast period of 2019-2023 that could impact development trends of boxing equipment.
The
wholesale sales
of boxing equipment products in the
US
increased slightly
from $98.5 to $99.8 million dollars from 2017 to 2018.
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