PUBLISHER: Allied Market Research | PRODUCT CODE: 1266559
PUBLISHER: Allied Market Research | PRODUCT CODE: 1266559
The climbing gear market size was $1,283.5 million in 2021 and is expected to reach $2,732.6 million by 2031, registering a CAGR of 7.9% from 2022 to 2031.
Climbing gear market refers to the market for equipment and accessories used in the sport of climbing, such as ropes, carabiners, harnesses, helmets, quickdraws, and other protective gear. For top-roping, in addition to climbing shoes, chalk and comfortable clothes are required. For climbing outside, a helmet designed specifically for climbing is an essential tool.
The climbing gear market is projected to be fueled by an increase in safety regulations and standards. The increase in safety regulations and standards in the climbing industry has resulted in an increase in demand for high-quality climbing gear. To comply with these regulations and ensure the safety of climbers, individuals, and climbing facilities must purchase gear that meets or exceeds established safety standards. This includes equipment such as helmets, harnesses, carabiners, ropes, and other protective gear. As a result, the demand for compliant and reliable climbing gear has risen, driving growth in the climbing gear market.
Moreover, growing interest in climbing as a fitness activity: Climbing has become a popular form of exercise and recreation, attracting a wider audience. This has fueled demand for climbing gear such as harnesses, ropes, and carabiners. Expansion of indoor climbing facilities: The growth of indoor climbing gyms has also contributed to the increase in demand for climbing gear. Indoor climbing facilities often require patrons to rent or purchase gear, driving demand for equipment.
One of the major trends in the climbing gear industry that would boost market expansion during the forecast period is the rise of online reviews and accessible internet access. The growth of web portals, online shopping, and Internet accessibility have significantly raised interest in adventure travel. The internet offers customers a wide selection of crucial data and resources in terms of reviews. Effective user-generated reviews fall under this category. These amenities boost visitors' confidence in their route and final destination. Through the use of the information found online, they allow travelers to prepare for their journey in advance and secure accommodation and food ahead of time. The climbing gear market is expanding because knowledge is so readily available.
However, high cost of climbing gear is a major restraint hindering the climbing gear market growth. The high cost of climbing gear is a major restraint on the demand for climbing gear. Climbing gear can be relatively expensive, especially for high-quality equipment that meets established safety standards. This cost can be a barrier for individuals who are just starting to climb, as well as for those with limited budgets.
The climbing gear market is segmented on the basis of type, application, distribution channel, and region. By type, the market is classified into climbing harness, specialized clothing, climbing carabiners, and others. By end use, the market is bifurcated into men, women, and kids. By distribution channel, the market is classified into Online and Offline. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Belgium, Russia, the Netherlands, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Indonesia, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, Chile, Turkey, South Africa, Rest of LAMEA).
The major players operating in the market focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the climbing gear market include CAMP SpA, Ober Alp SPA, Metolius Climbing, EDELRID GmbH & Co. KG, Grivel S.r.l., SINGING ROCK s.r.o., Great Trango Holdings, Inc., Mammut Sports Group AG, Petzl Distribution, Kailas Sports Product Co., Ltd., Mad Rock Climbing, ANTA Sports Products Limited, and DMM International Ltd.