GLOBAL MARKET POTENTIAL

Introduction

Fight Smart Tech Corp, based in North Vancouver, BC, has developed an innovative training apparatus called FS1 (Fight Smart 1). This revolutionary product aims to elevate training in combat sports, martial arts, boxing, kickboxing, Muay Thai, and other related disciplines. This presentation will explore the global market potential for FS1, highlighting its advantages over traditional training equipment and making a persuasive case for why FS1 should be the top pick for training equipment.

Market Overview

The global combat sports products market is experiencing significant growth, driven by increased participation in combat sports and the rising popularity of these activities among youth. The market was valued at approximately USD 9.0 billion in 2022 and is projected to reach USD 15.4 billion by 2031, growing at a CAGR of 6.1%. This growth is fueled by the demand for high-quality training equipment, protective gear, and apparel.

Combat Sports and Martial Arts Categories

1. Boxing:

Market Size: The global boxing equipment market was valued at USD 1.6 billion in 2021 and is projected to reach USD 2.7 billion by 2031.
Future Trends: Increased participation in boxing as a fitness activity and the rising number of boxing tournaments are driving market growth.

2. Kickboxing:

Market Size: The global kickboxing equipment market was valued at USD 350.2 million in 2023 and is expected to reach USD 737.1 million by 2032, growing at a CAGR of 8.62%.
Future Trends: Growing adoption of cardio kickboxing and increased participation by women are key drivers.

3. Muay Thai:

Market Size: While specific market size data for Muay Thai alone is limited, it is a significant segment within the broader martial arts market, which is projected to reach USD 171.14 billion by 2028.
Future Trends: The rising popularity of Muay Thai in mixed martial arts (MMA) and its recognition by the International Olympic Committee are boosting its global appeal.

4. Mixed Martial Arts (MMA):

Market Size: The global MMA equipment market was valued at USD 1.3 billion in 2023 and is projected to reach USD 2.1 billion by 2032, growing at a CAGR of 4.89%.
Future Trends: Increased public participation, advanced training facilities, and the integration of advanced technologies are driving market growth.

5. Other Martial Arts:

Market Size: The global martial arts market, including disciplines like karate, judo, and taekwondo, is projected to reach USD 171.14 billion by 2028.
Future Trends: Renewed interest in martial arts for fitness and self-defense, along with technological innovations in training equipment, are key drivers.