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.
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.
Some of the major players operating in the global Rock-Climbing Equipment Market are-
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 –
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
Wish to know more about the study? Click here to get a free sample. https://www.stratviewresearch.com/Request-Sample/2204/rock-climbing-equipment-market.html#form
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at +1-313-307-4176.
About Us –
Stratview Research is a leading global Market Research firm providing expert research solutions, trusted by clients worldwide. This firm possesses a global presence to enable current market information using the most up-to-date methodology, best-in-class research techniques, and cost-effective approaches. It also surveys clients in several countries to provide you with the most comprehensive illustration of global trends and behaviours.
The rock-climbing equipment market is estimated to grow at a CAGR of 4.1% in the upcoming five years.