Rock-Climbing Equipment Market Is Likely to Experience a Strong Growth During 2021-2026

February 07, 2022

The report on the Rock-Climbing Equipment Market is segmented 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). The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2022-2026.

 

Market Insights

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.

 

Key players

Some of the major players operating in the global 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
• Trango

Report Features

The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –

 

• Market structure - as it reflects the value chain of different commodities in the market.
• Drivers and Constraints - as both can affect any element of the marketing mix -- product, budget, and place, etc.
• Market Forecast - a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
• Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand's strategy.
• Growth strategies - allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.

 

Market Dynamics

The report covers maximum factors that affect the Rock-Climbing Equipment Market. According to this 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.

Market Segments' Analysis

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 a 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 in the near future. The rock-climbing equipment market in North America is also expected to grow at a significant rate over the projected period, owing to an increase in interest in rock climbing among the people

 

Critical Questions Answered in the Report

 

• What are the key trends in the global Rock-Climbing Equipment Market?
• How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
• What is the impact of COVID-19 on global Rock-Climbing Equipment Market?
• What are the key strategies adopted by the major vendors to lead in the global Rock-Climbing Equipment Market?
• What is the market share of the top vendors?

 

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Author : Meha Prasad