Rock Sport Protection Products Market Report
RA08666
Rock Sport Protection Products Market by Type (Climbing Harness, Specialized Clothing, Climbing Carabiners, and Others), Accessories (Belay Devices, Nuts, Hexes, Helmets, Camming Devices, and Others), Distribution Channel (Online and Offline), and Buyer Type (Individual and Institutional): Global Opportunity Analysis and Industry Forecast, 2022–2031
Global Rock Sport Protection Products Market Analysis
The Global Rock Sport Protection Products Market Size was $981.8 million in 2021 and is predicted to grow with a CAGR of 8.1%, generating a revenue of $2,070.1 million by 2031.
Global Rock Sport Protection Products Market Synopsis
There is a growing awareness of the importance of physical activity for overall health and wellness, and outdoor adventure activities offer an engaging way to stay active. Many individuals are seeking an escape from the stress and pressure of modern urban life and turning to outdoor activities as a way to reconnect with nature and unwind. Social media has played a significant role in the rise of outdoor adventure activities, with many individuals being inspired by influencers and content creators who showcase their adventures and experiences online.
However, safety concerns are a potential restraint that may impact the rock sport protection products market growth. The rock sport protection products are designed to protect individuals engaged in high-risk activities. In the event of a product defect or safety issue, manufacturers may issue a recall of the product. This can have a significant impact on consumer confidence in the product and the market as a whole.
Indoor climbing has become increasingly popular in recent years, and it is one of the notable trends in the rock sport protection products market. Indoor climbing gyms are opening up all around the world, and they offer a controlled and safe environment for individuals to engage in this challenging and exciting sport. In addition, these gyms are more accessible than outdoor climbing locations, and allow individuals to engage in the sport regardless of their location or weather conditions. Indoor climbing gyms offer a controlled and safe environment, which is particularly appealing to beginners or individuals who are not yet comfortable with outdoor climbing. These factors are anticipated to boost the rock sport protection products market size during the forecast period.
According to regional analysis, the North America rock sport protection products market accounted for the dominant market share in 2021 and is predicted to witness considerable growth in the projected timeframe. This is attributed to the fact that the number of rock sport protection products gyms in the U.S. is increasing rapidly.
Rock Sport Protection Products Overview
Rock sport protection products are a category of gear designed to protect individuals engaged in outdoor activities such as rock climbing, bouldering, mountaineering, and other related sport. These products are specifically designed to provide safety and protection to the user while engaging in these activities, which involve high-risk scenarios and physical exertion. Some of the common rock sport protection products include helmets, harnesses, ropes, climbing shoes, crash pads, and various types of protective padding. The key objective of these products is to minimize the risk of injury and accidents while engaging in these activities, thereby allowing individuals to enjoy the thrill of outdoor sport with greater safety and confidence.
COVID-19 Impact on Global Rock Sport Protection Products Market
While the pandemic had a negative impact on many industries, the rock sport protection products industry has experienced both challenges and opportunities in the market. The pandemic has resulted in supply chain disruptions and shortages of materials and components, which can impact the production and availability of rock sport protection products. Many manufacturing facilities have been forced to shut down or reduce production capacity due to the pandemic. This has resulted in delays in the production and delivery of rock sport protection products. The pandemic has caused delays in shipping and transportation due to restrictions on movement and reduced capacity. This has impacted the delivery of raw materials, components, and finished products. The pandemic has further caused labor shortages, with many workers unable to work due to illness or quarantine measures. This has impacted production capacity and led to delays in the delivery of products.
The pandemic has caused shortages of raw materials such as foam and plastics, which are used in the production of rock sport protection products. This has resulted in increased costs and delays in production. However, to mitigate the impact of supply chain disruptions, manufacturers and retailers of rock sport protection products have had to find alternative sources of raw materials, adjust production schedules, and explore new shipping options. Many have also had to adapt to new health and safety guidelines to protect their workers and customers. While these measures have helped to mitigate the impact of supply chain disruptions, the situation remains challenging and unpredictable, and the long-term impact of the pandemic on the rock sport protection products market is still unclear.
Focus on Creating Lightweight and Durable Products to Drive the Market Growth
Manufacturers are focusing on creating lightweight and durable products that provide maximum protection while minimizing weight and bulk. Advances in materials science and engineering have enabled manufacturers to create lightweight and durable products that provide excellent protection against impact and other hazards. As individuals engage in more active and dynamic outdoor activities, there is a growing need for equipment that allows for greater comfort and mobility. Lightweight and durable rock sport protection products enable users to move more freely and comfortably, which can improve their performance and overall experience. Manufacturers are increasingly exploring new materials that are both lightweight and eco-friendly, such as recycled plastics and plant-based materials. With a growing number of players in the rock sport protection products market, manufacturers are under pressure to differentiate their products by offering superior protection and functionality in lightweight and durable designs. These factors are projected to boost the rock sport protection products market share during the analysis timeframe.
High-cost Materials to Restrain the Market Growth
Rock sport protection products are often made with high-quality materials and advanced technology, which can result in a higher cost for consumers. This high cost may deter some consumers from purchasing the products, particularly if they are new to the sport and not yet committed to investing in expensive equipment. High-quality materials are necessary to ensure that rock sport protection products provide effective protection against impact and other hazards. These materials can be expensive, and the cost is passed on to consumers. Developing new rock sport protection products requires significant investment in research and development.
Availability of Rock Sport Protection Products via Online Stores to Generate Excellent Opportunities
Rise of e-commerce is another trend that is affecting the rock sport protection products market. Online shopping has become increasingly popular in recent years, and it is now a major channel for consumers to purchase outdoor and sporting goods. E-commerce allows consumers to shop from the comfort of their own homes, and it eliminates the need to visit physical stores. Online stores offer a wider range of products compared to physical stores, and consumers can easily compare and research different products to find the best one for their needs. E-commerce has increased competition in the market, which has led to more competitive pricing for consumers. Many online stores offer fast and reliable shipping options, which can be particularly appealing to consumers who need their products quickly. As e-commerce continues to grow, it is expected to become an increasingly important channel for the rock sport protection products market. Manufacturers and retailers are already investing in their online presence to reach more customers, and they are also leveraging technology such as augmented reality to provide a more immersive and engaging online shopping experience.
Global Rock Sport Protection Products Market, by Type
On the basis of type, the market is divided into climbing harness, specialized clothing, climbing carabiners, and others. Among these, the climbing harness sub-segment accounted for the highest market share in 2021, whereas the climbing carabiners sub-segment is estimated to exhibit the fastest growth during the forecast period.
Global Rock Sport Protection Products Market Size, by Type, 2021
Source: Research Dive Analysis
The Climbing Harness Sub-type accounted for dominant market share in 2021. The climbing harness segment is a significant part of the rock sport protection product market. Climbing harness is a crucial piece of equipment for rock climbers, mountaineers, and other outdoor enthusiasts who engage in activities that require them to climb at height. These harnesses are designed to keep the climber securely attached to the rope and provide protection against falls. The climbing harness segment is expected to experience continued growth in the coming years, driven by increase in participation in rock climbing and other outdoor activities that require the use of harnesses. Manufacturers are likely to continue innovating to develop new materials and designs that offer improved safety, comfort, and performance, providing climbers with a wider range of options to choose from.
The Climbing Carabiners sub-type is anticipated to show the fastest growth by 2031. The climbing carabiner is an essential part of the rock sport protection products industry. Climbing carabiners are used to connect climbing ropes, harnesses, and other gear, providing a secure and reliable attachment point. These devices are critical for the safety of climbers, mountaineers, and other outdoor enthusiasts who engage in activities that require them to climb at height. Climbing carabiners are made from lightweight and high-strength materials such as aluminum or steel. They come in a variety of shapes and sizes, each with specific features designed to suit different applications. For example, some carabiners have a locking mechanism to prevent accidental opening, while others are designed to be quickly and easily clipped to the climbing rope or harness.
Global Rock Sport Protection Products Market, by Accessories
Depending on accessories, the market is divided into belay devices, nuts hexes, helmets, camming devices, and others. Among these, the belay devices sub-segment accounted for the highest market share in 2021.
Global Rock Sport Protection Products Market Share, by Accessories, 2021
Source: Research Dive Analysis
The Belay Devices Sub-type accounted for dominant market size in 2021. Belay devices are used by climbers to control the rope during climbs and protect against falls. These devices are an essential safety feature for climbers and are critical for ensuring that climbers can safely participate in rock climbing and other outdoor activities. Belay devices come in a range of designs and styles, each with their specific features and benefits. Some belay devices are designed for use with single ropes, while others are suitable for use with double ropes. Some belay devices feature assisted braking systems, which provide additional safety and control during climbs.
Global Rock Sport Protection Products Market, by Distribution Channel
As per distribution channel, the market has been divided into online and offline. Among these, the offline sub-segment accounted for highest revenue share in 2021.
Global Rock Sport Protection Products Market Analysis, by Distribution Channel, 2021
Source: Research Dive Analysis
The Offline Sub-segment accounted for the highest revenue share in 2021. The offline segment of the rock sport protection product market refers to the distribution of products through physical retail stores rather than online channels. This segment includes specialty stores and retailers that sell rock sport protection products to customers who prefer to shop in-store rather than online. The preference toward offline stores is increasing, as customers have the advantage to scan the products of different brands, which further contributes toward the increase in their sale. In addition, many customers prefer to get expert advice from sales staff who are knowledgeable about the products and can provide guidance on which products are best suited for their needs.
Global Rock Sport Protection Products Market, by Buyer Type
Depending on buyer type, the market is bifurcated into individual and institutional. Among these, the institutional subsegment accounted for highest revenue share in 2021.
Global Rock Sport Protection Products Market Growth, by Buyer Type, 2021
Source: Research Dive Analysis
The Institutional sub-segment held the highest market share in 2021. The institutional segment of the rock sport protection product market includes organizations, such as schools, universities, recreation centers, and other public facilities that provide access to rock climbing and other outdoor activities. This segment of the market is different from the retail segment in that the products are typically purchased in bulk by the institution for use in their facilities, rather than by individual customers.
Institutional buyers require rock sport protection products that are designed to withstand heavy use and provide maximum safety for users. This includes products such as climbing ropes, harnesses, carabiners, and belay devices, as well as other specialized equipment required for climbing and rappelling.
Global Rock Sport Protection Products Market, Regional Insights
The rock sport protection products market was analyzed across North America, Europe, Asia Pacific, and LAMEA.
Global Rock Sport Protection Products Market Size & Forecast, by Region, 2021-2031 ($Million)
Source: Research Dive Analysis
The Market for Rock Sport Protection Products in North American to be the Most Dominant
The North America rock sport protection product market has experienced significant growth in recent years due to a variety of factors. Rock climbing and other outdoor activities have become increasingly popular in North America, particularly among the younger generation. This has led to a growing demand for rock sport protection products, as more people seek high-quality equipment that provides. There has been a growing emphasis on safety in the rock sport industry, particularly in the wake of high-profile accidents and incidents. This has led to a greater demand for high-quality rock sport protection products that are designed to provide maximum safety for users. The development of new materials and technologies has led to the creation of lighter, stronger, and more durable rock sport protection products. This has increased the performance and safety of these products, making them more attractive to consumers.
Competitive Scenario in the Global Rock Sport Protection Products Market
Investment, agreement, and product advancement are common strategies followed by major market players. For instance, in 2021, DMM, the leading producer of rock sport protection products, launched a new line of climbing ropes names as Phantom. These climbing ropes are lighter, stronger, and more durable.
Source: Research Dive Analysis
Some of the leading rock sport protection products market players are SINGING ROCK s.r.o., Kailas Sports Products Co., Ltd., Mammut Sports Group AG, Petzl Distribution, Ober Alp SPA, Mad Rock Climbing, Great Trango Holdings, Inc., Metolius Climbing, Anta Sports Products Limited, and EDELRID GmbH & Co. KG.
Aspect | Particulars |
Historical Market Estimations | 2020 |
Base Year for Market Estimation | 2021 |
Forecast Timeline for Market Projection | 2022-2031 |
Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
Segmentation by Type |
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Segmentation by Accessories
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Segmentation by Buyer Type |
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Key Companies Profiled |
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Q1. What is the size of the global rock sport protection products market?
A. The size of the global rock sport protection products market was over $981.8 million in 2021 and is projected to reach $2,070.1 million by 2031.
Q2. Which are the major companies in the rock sport protection products market?
A. Singing Rock S.r.o, Kailas Sports Products Co., Ltd., and Mammut Sports Group AG are some of the key players in the global rock sport protection products market.
Q3. Which region, among others, possesses greater investment opportunities in the near future?
A. Asia-Pacific possesses great investment opportunities for investors to capitalize in the near future.
Q4. What will be the growth rate of the Asia-Pacific rock sport protection products market?
A. The Asia-Pacific rock sport protection products market is anticipated to grow at 10.0% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Agreement and investment are the two key strategies opted by the operating companies in this market.
Q6. Which companies are investing more in R&D practices?
A. Singing Rock s.r.o, Kailas Sports Products Co., Ltd., and Mammut Sports Group AG are the companies investing more in R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global rock sport protection products market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on rock sport protection products market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Rock Sport Protection Products Market Analysis, by Type
5.1.Overview
5.2.Climbing Harness
5.2.1.Definition, key trends, growth factors, and opportunities
5.2.2.Market size analysis, by region
5.2.3.Market share analysis, by country
5.3.Specialized Clothing
5.3.1.Definition, key trends, growth factors, and opportunities
5.3.2.Market size analysis, by region
5.3.3.Market share analysis, by country
5.4.Climbing Carabiners
5.4.1.Definition, key trends, growth factors, and opportunities
5.4.2.Market size analysis, by region
5.4.3.Market share analysis, by country
5.5.Others
5.5.1.Definition, key trends, growth factors, and opportunities
5.5.2.Market size analysis, by region
5.5.3.Market share analysis, by country
5.6.Research Dive Exclusive Insights
5.6.1.Market attractiveness
5.6.2.Competition heatmap
6.Rock Sport Protection Products Market Analysis, by Accessories
6.1.Overview
6.2.Belay devices
6.2.1.Definition, key trends, growth factors, and opportunities
6.2.2.Market size analysis, by region
6.2.3.Market share analysis, by country
6.3.Nuts
6.3.1.Definition, key trends, growth factors, and opportunities
6.3.2.Market size analysis, by region
6.3.3.Market share analysis, by country
6.4.Hexes
6.4.1.Definition, key trends, growth factors, and opportunities
6.4.2.Market size analysis, by region
6.4.3.Market share analysis, by country
6.5.Helmets
6.5.1.Definition, key trends, growth factors, and opportunities
6.5.2.Market size analysis, by region
6.5.3.Market share analysis, by country
6.6.Camming Devices
6.6.1.Definition, key trends, growth factors, and opportunities
6.6.2.Market size analysis, by region
6.6.3.Market share analysis, by country
6.7.Others
6.7.1.Definition, key trends, growth factors, and opportunities
6.7.2.Market size analysis, by region
6.7.3.Market share analysis, by country
6.8.Research Dive Exclusive Insights
6.8.1.Market attractiveness
6.8.2.Competition heatmap
7.Rock Sport Protection Products Market Analysis, by Distribution Channel
7.1.Overview
7.2.Online
7.2.1.Definition, key trends, growth factors, and opportunities
7.2.2.Market size analysis, by region
7.2.3.Market share analysis, by country
7.3.Offline
7.3.1.Definition, key trends, growth factors, and opportunities
7.3.2.Market size analysis, by region
7.3.3.Market share analysis, by country
7.4.Research Dive Exclusive Insights
7.4.1.Market attractiveness
7.4.2.Competition heatmap
8.Rock Sport Protection Products Market Analysis, by Buyer Type
8.1.Overview
8.2.Individual
8.2.1.Definition, key trends, growth factors, and opportunities
8.2.2.Market size analysis, by region
8.2.3.Market share analysis, by country
8.3.Institutional
8.3.1.Definition, key trends, growth factors, and opportunities
8.3.2.Market size analysis, by region
8.3.3.Market share analysis, by country
8.4.Research Dive Exclusive Insights
8.4.1.Market attractiveness
8.4.2.Competition heatmap
9.Rock Sport Protection Products Market, by Region
9.1.North America
9.1.1.U.S.
9.1.1.1.Market size analysis, by Type
9.1.1.2.Market size analysis, by Accessories
9.1.1.3.Market size analysis, by Distribution Channel
9.1.1.4.Market size analysis, by Buyer Type
9.1.2.Canada
9.1.2.1.Market size analysis, by Type
9.1.2.2.Market size analysis, by Accessories
9.1.2.3.Market size analysis, by Distribution Channel
9.1.2.4.Market size analysis, by Buyer Type
9.1.3.Mexico
9.1.3.1.Market size analysis, by Type
9.1.3.2.Market size analysis, by Accessories
9.1.3.3.Market size analysis, by Distribution Channel
9.1.3.4.Market size analysis, by Buyer Type
9.1.4.Research Dive Exclusive Insights
9.1.4.1.Market attractiveness
9.1.4.2.Competition heatmap
9.2.Europe
9.2.1.Germany
9.2.1.1.Market size analysis, by Type
9.2.1.2.Market size analysis, by Accessories
9.2.1.3.Market size analysis, by Distribution Channel
9.2.1.4.Market size analysis, by Buyer Type
9.2.2.UK
9.2.2.1.Market size analysis, by Type
9.2.2.2.Market size analysis, by Accessories
9.2.2.3.Market size analysis, by Distribution Channel
9.2.2.4.Market size analysis, by Buyer Type
9.2.3.France
9.2.3.1.Market size analysis, by Type
9.2.3.2.Market size analysis, by Accessories
9.2.3.3.Market size analysis, by Distribution Channel
9.2.3.4.Market size analysis, by Buyer Type
9.2.4.Spain
9.2.4.1.Market size analysis, by Type
9.2.4.2.Market size analysis, by Accessories
9.2.4.3.Market size analysis, by Distribution Channel
9.2.4.4.Market size analysis, by Buyer Type
9.2.5.Italy
9.2.5.1.Market size analysis, by Type
9.2.5.2.Market size analysis, by Accessories
9.2.5.3.Market size analysis, by Distribution Channel
9.2.5.4.Market size analysis, by Buyer Type
9.2.6.Rest of Europe
9.2.6.1.Market size analysis, by Type
9.2.6.2.Market size analysis, by Accessories
9.2.6.3.Market size analysis, by Distribution Channel
9.2.6.4.Market size analysis, by Buyer Type
9.2.7.Research Dive Exclusive Insights
9.2.7.1.Market attractiveness
9.2.7.2.Competition heatmap
9.3.Asia-Pacific
9.3.1.China
9.3.1.1.Market size analysis, by Type
9.3.1.2.Market size analysis, by Accessories
9.3.1.3.Market size analysis, by Distribution Channel
9.3.1.4.Market size analysis, by Buyer Type
9.3.2.Japan
9.3.2.1.Market size analysis, by Type
9.3.2.2.Market size analysis, by Accessories
9.3.2.3.Market size analysis, by Distribution Channel
9.3.2.4.Market size analysis, by Buyer Type
9.3.3.India
9.3.3.1.Market size analysis, by Type
9.3.3.2.Market size analysis, by Accessories
9.3.3.3.Market size analysis, by Distribution Channel
9.3.3.4.Market size analysis, by Buyer Type
9.3.4.Australia
9.3.4.1.Market size analysis, by Type
9.3.4.2.Market size analysis, by Accessories
9.3.4.3.Market size analysis, by Distribution Channel
9.3.4.4.Market size analysis, by Buyer Type
9.3.5.South Korea
9.3.5.1.Market size analysis, by Type
9.3.5.2.Market size analysis, by Accessories
9.3.5.3.Market size analysis, by Distribution Channel
9.3.5.4.Market size analysis, by Buyer Type
9.3.6.Rest of Asia-Pacific9.3.6.1.Market size analysis, by Type
9.3.6.2.Market size analysis, by Accessories
9.3.6.3.Market size analysis, by Distribution Channel
9.3.6.4.Market size analysis, by Buyer Type
9.3.7.Research Dive Exclusive Insights
9.3.7.1.Market attractiveness
9.3.7.2.Competition heatmap
9.4.LAMEA
9.4.1.Brazil
9.4.1.1.Market size analysis, by Type
9.4.1.2.Market size analysis, by Accessories
9.4.1.3.Market size analysis, by Distribution Channel
9.4.1.4.Market size analysis, by Buyer Type
9.4.2.Saudi Arabia
9.4.2.1.Market size analysis, by Type
9.4.2.2.Market size analysis, by Accessories
9.4.2.3.Market size analysis, by Distribution Channel
9.4.2.4.Market size analysis, by Buyer Type
9.4.3.UAE
9.4.3.1.Market size analysis, by Type
9.4.3.2.Market size analysis, by Accessories
9.4.3.3.Market size analysis, by Distribution Channel
9.4.3.4.Market size analysis, by Buyer Type
9.4.4.South Africa
9.4.4.1.Market size analysis, by Type
9.4.4.2.Market size analysis, by Accessories
9.4.4.3.Market size analysis, by Distribution Channel
9.4.4.4.Market size analysis, by Buyer Type
9.4.5.Rest of LAMEA
9.4.5.1.Market size analysis, by Type
9.4.5.2.Market size analysis, by Accessories
9.4.5.3.Market size analysis, by Distribution Channel
9.4.5.4.Market size analysis, by Buyer Type
9.4.6.Research Dive Exclusive Insights
9.4.6.1.Market attractiveness
9.4.6.2.Competition heatmap
10.Competitive Landscape
10.1.Top winning strategies, 2021
10.1.1.By strategy
10.1.2.By year
10.2.Strategic overview
10.3.Market share analysis, 2021
11.Company Profiles
11.1.Singing Rock S.r.o
11.1.1.Overview
11.1.2.Business segments
11.1.3.Product portfolio
11.1.4.Financial performance
11.1.5.Recent developments
11.1.6.SWOT analysis
11.2.Kailas Sports Products Co., Ltd.
11.2.1.Overview
11.2.2.Business segments
11.2.3.Product portfolio
11.2.4.Financial performance
11.2.5.Recent developments
11.2.6.SWOT analysis
11.3.Mammut Sports Group AG
11.3.1.Overview
11.3.2.Business segments
11.3.3.Product portfolio
11.3.4.Financial performance
11.3.5.Recent developments
11.3.6.SWOT analysis
11.4.Petzl Distribution
11.4.1.Overview
11.4.2.Business segments
11.4.3.Product portfolio
11.4.4.Financial performance
11.4.5.Recent developments
11.4.6.SWOT analysis
11.5.Ober Alp SPA
11.5.1.Overview
11.5.2.Business segments
11.5.3.Product portfolio
11.5.4.Financial performance
11.5.5.Recent developments
11.5.6.SWOT analysis
11.6.Mad Rock Climbing
11.6.1.Overview
11.6.2.Business segments
11.6.3.Product portfolio
11.6.4.Financial performance
11.6.5.Recent developments
11.6.6.SWOT analysis
11.7.Great Trango Holdings
11.7.1.Overview
11.7.2.Business segments
11.7.3.Product portfolio
11.7.4.Financial performance
11.7.5.Recent developments
11.7.6.SWOT analysis
11.8.Metolius Climbing
11.8.1.Overview
11.8.2.Business segments
11.8.3.Product portfolio
11.8.4.Financial performance
11.8.5.Recent developments
11.8.6.SWOT analysis
11.9.ANTA Sports Products Limited
11.9.1.Overview
11.9.2.Business segments
11.9.3.Product portfolio
11.9.4.Financial performance
11.9.5.Recent developments
11.9.6.SWOT analysis
11.10.EDELRID GmbH & Co. KG
11.10.1.Overview
11.10.2.Business segments
11.10.3.Product portfolio
11.10.4.Financial performance
11.10.5.Recent developments
11.10.6.SWOT analysis
Nowadays, a lot of individuals want to travel and engage in adventurous activities such as rock climbing and others. Although rock climbing can be exciting and gratifying, there are risks involved. Hence, prioritizing safety and taking preventative measures are crucial to reducing the risks involved. This is where the rock sport protection products solution comes in.
The rock sport protection products market refers to a sector that manufactures and sells equipment and gear intended specifically for rock climbing and other similar sports. These products are especially made to protect users when they participate in these activities, that involve physical effort and high-risk situations.
Some of the popular rock sport protection products include harnesses, helmets, crash pads, climbing shoes, ropes, and various types of protective padding. The main goal of these products is to reduce the possibility of accidents and injuries occurring while participating in these activities, enabling people to experience the thrill of outdoor sports with more safety and assurance.
Recent Trends in the Rock Sport Protection Products Market
The rock sport protection products market is continuously evolving with new innovations and technologies. One of the significant trends that have emerged in the rock sport protection products market is an increasing consumer awareness and demand for environmentally friendly and sustainable products. Manufacturers are focused on developing environmentally friendly materials and production processes in order to meet this need. Additionally, bouldering, a type of rock climbing that involves climbing without harnesses or ropes on small rock formations or artificial walls, is gaining popularity. As a result, there is a higher demand for equipment designed specifically for bouldering, such as crash padding and chalk bags.
Newest Insights in the Rock Sport Protection Products Market
As per a report by Research Dive, the global rock sport protection products market is expected to grow at a CAGR of 8.1% and generate revenue of $2,070.1 million by 2031. The primary factors driving the growth of the market are the increasing focus on developing lightweight and durable products, the accessibility of rock sport protection products through online retailers, and an increasing awareness of the importance of physical activity for general health and wellness. However, safety issues and excessive material costs are expected to hinder the market growth.
The rock sport protection products market in North America is expected to remain dominant in the coming years. The region's high revenue in 2021 was driven by the rising need for excellent rock sport protection products that are made to give consumers the highest level of safety. This has led to an increased demand for reliable and advanced rock sports protection products.
How are Market Players Responding to the Rising Demand for Rock Sport Protection Products?
Market players are responding to the rising demand for rock sport protection products by investing in research and development to create more advanced and innovative rock sport protection products. They are also expanding their product offerings to accommodate a broader range of clients and activities.
In addition, market players are increasingly focusing on strategic partnerships and collaborations with other players in the industry to leverage their strengths and expand their reach. Some of the foremost players in the rock sport protection products market are Kailas Sports Products Co., Ltd., SINGING ROCK s.r.o., EDELRID GmbH & Co. KG, Mammut Sports Group AG, Ober Alp SPA, Petzl Distribution, Mad Rock Climbing, Metolius Climbing, Anta Sports Products Limited, Great Trango Holdings, Inc., and others. These players are focused on implementing strategies such as mergers and acquisitions, novel developments, collaborations, and partnerships to reach a leading position in the global market.
For instance:
- In January 2019, Pure Safety Group (PSG), the largest business specializing in fall protection, launched the S1 safety harness for guardian fall protection.
- In December 2021, Climbingshoereview.com, a leading online provider of climbing shoes since 2017, launched a new shoe recommendation tool. This tool can help new climbers choose their first pair of climbing footwear.
- In July 2022, Pedro Somarriba, the founder of Lacaida Ropes, launched his first line of metered climbing ropes. Thanks to the supervision and training he got as part of the inaugural cohort of the University of Arkansas GORP (Greenhouse Outdoor Recreation Program)
COVID-19 Impact on the Global Rock Sport Protection Products Market
The COVID-19 pandemic had an adverse impact on the global rock sport protection products market. Production and supply of rock sports protection products was disrupted by the pandemic's influence on the supply chain and shortages of materials and components. Moreover, several manufacturing facilities were forced to shut down or limit production capacity. As a result, the manufacture and distribution of rock sport protection products was delayed. Due to travel restrictions as well as reduced capacity, the outbreak had delayed shipment and transportation. This influenced the transportation of components, finished goods, and raw resources. Furthermore, the outbreak had also resulted in labor shortages, with numerous employees unable to work owing to quarantine or illness measures. This had a negative influence on production capacity and caused delays in product delivery. However, the rock sport protection products market is projected to recover soon in the post pandemic period.
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