Market Research Report
Kicking Strap Market by Product Type (Hydraulic, Rigid, and Others), Application (Professional Sports and Amateur Leisure), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021-2030
|Kicking Strap Market by Product Type (Hydraulic, Rigid, and Others), Application (Professional Sports and Amateur Leisure), and Distribution Channel (Offline and Online): Global Opportunity Analysis and Industry Forecast, 2021-2030|
Published: August 31, 2021
Allied Market Research
Content info: 186 Pages
Delivery time: 2-3 business days
The global kicking strap market size was valued at $268.3 million in 2020, and is expected to reach $494.9 million by 2030, with a CAGR of 6.2% from 2021 to 2030. Kicking strap, also called as boom vangs, is one of the major important components used in keelboats, sailboats, and dinghies. Kicking strap is a line or piston system on sailboat and keelboats used to exert downward force on the boom, thereby controlling the balance of sailboat.
The features of kicking strap such as high efficiency, controlled balance between horizontal & vertical angles, and low maintenance boost its adoption in many ship and sailboat applications. In addition, increase in demand for kicking strap from professional sports and amateur applications acts as a key driving forces of the global kicking strap market.
In addition, rise in adoption of kicking strap in boating, sailing, fishing, and others activities, owing to balance mast of the boom fuels the growth of the kicking strap market. Furthermore, increase in sailboat tourism activities and water sports activities in various countries such as the U.S., China, and India propels the demand for kicking strap. In addition, increase in the popularity of recreational boating activities among tourists of all the age groups contributes toward the growth of the global kicking strap market.
However, fluctuation in raw material prices and low production volume of kicking strap hamper the growth of the kicking strap market. On the contrary, technological innovations in kicking strap is anticipated to create growth opportunities for the global market.
The global kicking strap market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is divided into hydraulic, rigid, and others. The rigid segment generated the highest revenue in 2020. On the basis of application, the market is fragmented into professional sports and amateur leisure. The amateur leisure segment generated the highest revenue in 2020. Depending on distribution channel, the market is segregated into offline and online. The offline segment dominated the market in 2020.
Region wise, the global kicking strap market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Europe was the highest contributor to the global kicking strap market share, and is anticipated to secure a leading position during the forecast period.
The key players profiled in this report include AG + Spars, Allen Brothers (Fittings) Ltd., Forespar Products Corporation, Hall Spars, Hood Yacht Systems, Nemo Industrie S.p.A., Optimarts Marine Equipment B.V., Selden Mast AB, Sparcraft, and Sea Sure Ltd.
By Product Type
By Distribution Channel