RAIPUR, India, Dec. 16, 2021 /PRNewswire/ -- Stratview Research announces the launch of a new research report on Rock Climbing Equipment Market by Product Type (Harness, Wearable Gear [Shoes, Helmet], Carabiner, Belay, and Passive Protection), by Channel Type (Online and Offline), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Size, Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2021-2026.
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today's rock-climbing equipment market realities and future market possibilities for the forecast period of 2021 to 2026. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of low-hanging fruits available in the market as well as formulate growth strategies.
Rock Climbing Equipment Market: Highlights from the Report
Rock climbing is quickly gaining popularity as one of the most effective ways for people to increase their muscle strength and endurance. It incorporates both cardio and weight training exercises into one workout. Climbing rocks is a high-intensity physical activity that helps to burn calories. This activity has a significant effect on several distinct muscles in the body, including the abs, obliques, delts, traps, biceps, lats, quads, calves, among others.
Climbing ropes, harnesses, and other climbing equipment (such as belays and carabiners) are used in rock climbing. Climbing rocks is a physically and mentally difficult sport that frequently puts a climber's endurance, agility, strength, and balance, as well as mental control, to test. The demand for rock-climbing equipment will rise as the number of rock-climbing tournaments grows around the world. There are several forms of rock-climbing activities that exist across the globe, with aid climbing, bouldering, free climbing, sport climbing, and multi-pitch climbing being some of them.
The global rock-climbing equipment market has been witnessing decent growth over the past decade; however, the sudden outbreak of COVID-19 has brought a considerable downswing in the market due to the significant decline in the economy. However, with a sizable bounce-back expected in the year 2021, the near-term market outlook looks promising and is estimated to grow at a healthy CAGR of 4.1% to reach US$ 980.5 million by 2026.
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Based on the product type, the rock-climbing equipment market is segmented as harness, wearable gear, carabiner, belay, and passive protection. Despite taking a nosedive in 2020, wearable gear is expected to dominate as well as the fastest-growing segment during the predicted timeframe. Shoes and helmets are largely purchased for rock climbing, as they protect the rock climbers.
In terms of regions, Europe is expected to remain the largest market for rock-climbing equipment during the forecast period due to the existence of large number of professional rock climbers in the region. France, Austria, the UK, and Germany are the major markets in Europe and are expected to drive the region's demand for rock-climbing equipment soon. The rock-climbing equipment market in North America is also expected to grow at a significant rate during the projected period, owing to an increase in interest in rock climbing among the people.
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Key players in the rock climbing equipment market are Arc'teryx (Amer Sports), Black Diamond (Clarus Corporation), Camp USA, DMM International Ltd., Edelrid GmbH & Co. KG (VAUDE group), Kailas, Mammut, Petzl, Salewa (OBERALP) and Trango.
Report Features
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis.
- Market environment analysis: Growth drivers and constraints, Porter's five forces analysis, SWOT analysis.
- Market trend and forecast analysis.
- Market segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
This report studies the global rock climbing equipment market and has segmented the market in three ways, keeping in mind the interest of all the stakeholders across the value chain. Following are the three ways in which the market is segmented:
Rock-Climbing Equipment Market, by Product Type
- Harness (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Wearable Gear
- (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- (Wearable Gear Type Analysis: Shoes, Helmet)
- Belay (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Carabiners (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Passive Protection (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rock-Climbing Equipment Market, by Channel Type
- Online (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Offline (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Rock-Climbing Equipment Market, by Region
- North America (Country Analysis: The USA and Canada)
- Europe (Country Analysis: Austria, Germany, France, The UK, Spain, and Rest of Europe)
- Asia-Pacific (Country Analysis: Japan, China, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, The UAE, and Others)
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