Global Martial Art Weapon Market: Overview
Unlike other sports accessories and equipment, martial arts require a vast domain of weaponry. The horizon of martial art weapon ranges from harmless fighting fans to lethal weapons such as daggers, swords, knives, nunchucks and many more. The martial art weapons are used in the training arena under the supervision of trained experts. However, it is also crucial to realize that the mastery of these weapons turns out to be an essential part of the development as a martial artist. These potentially life-threatening martial art weapon require highly skilled handling as well as manufacturing and thus, the market for the martial art weapon is gaining exceptional global attention.
With the increasing availability of advanced martial art weapon and rising government efforts to promote the sports, participation in martial arts across the world has increased significantly over the past few years. The martial art weapon market is likely to witness robust growth owing to the booming popularity of the sport as a recreational activity. Furthermore, rising participation of women in the international competitions such as Olympic events is likely to create lucrative growth opportunities for martial art weapon market in near future.
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With its roots in ancient Asian culture, martial arts that are practiced today are more or less an athletic competition, exercise, meditation or self-defence. Martial arts have long been consolidated to particular geographical patches but are now emerging as a global sport. This has provided ample opportunities for various small and big players and the companies engaged in the design, manufacture, sales, and marketing of these martial art weapons to successfully capitalize on the opportunity.
Global Martial Art Weapon Market: Dynamics
There are around 160 types of martial arts currently existing, and more than 80% of them require martial art weapon in practice. Nevertheless, martial arts are also being promoted by the government for self-defence awareness, particularly among women.
Alternate factors driving the martial art weapon market is the increased fitness and health awareness amongst the vast majority of working population. Thus, manufacturers of martial art weapons are becoming more concerned regarding the quality of martial art weapon and other gears and equipment.
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However, due to a large number of accidents, while using and practicing martial art weapons, there is still a majority of the population that would prefer other alternate sports and this can certainly hamper the sales of martial arts weapon market. Moreover, the expertise in handling martial art weapon require longer time as compared to other sports leading to less audience for the market.
Global Martial Art Weapon Market: Segmentation
The martial art weapon market is segmented on the basis of working, buyer, sales channel and region.
The market is divided into six regions: North America Latin America Europe Japan Asia Pacific excluding Japan (APEJ) Middle East and Africa (MEA)
Martial art weapon working type includes projectile, impact, edged, pointed, flexible, defensive and combination. However, the edged type martial art weapon accounts for the leading share in sales of martial art weapon market. The key buyer types comprise of individual, institutional and promotional. Concerning sales channels martial art weapon market can be classified into, independent sports outlets, sports retail chain, direct-to-customer online channel, direct-to-customer institutional channel, modern trade channels and third-party online channels. Among these, modern trade channel is anticipated to dominate global martial arts weapon market throughout the forecast period.
Global Martial art weapon market Key Players
Some of the key players of the martial art weapon market are listed as below: Century LLC Asian World of Martial Arts, Inc. Martial Art Shop KMC Martial Arts Inc. Golden Tiger Martial Art SMAI BrassK LLC. The Martial Arts Store KarateMart Martial Arts Supplies
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Regional Segments Analyzed Include North America (U.S., Canada) Latin America (Mexico. Brazil) Western Europe (Germany, Italy, France, U.K, Spain) Eastern Europe (Poland, Russia) Asia Pacific (China, India, ASEAN, Australia & New Zealand) Japan Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report. their competitiveness
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