Market Research Report
Kicking Strap Market with COVID-19 Impact Analysis, By Product Type, By Application, By Distribution Channel, and By Region - Size, Share, & Forecast from 2021-2027
|Kicking Strap Market with COVID-19 Impact Analysis, By Product Type, By Application, By Distribution Channel, and By Region - Size, Share, & Forecast from 2021-2027|
Published: November 1, 2020
AnalystView Market Insights
Content info: 238 Pages
Delivery time: 2-3 business days
The global kicking strap market was valued at USD XX billion by 2019, growing with XX% CAGR during the forecast period, 2021-2027.
Kicking strap is the piece of rope that is used to connect the lower end of the mast and the boom to offer a means for exerting a downward force on the boom; thereby controlling the shape of the sail. Increasing tourism sector is the major factor boosting the growth of the kicking strap market across the globe. Furthermore, the awareness and adoption of these boom vang through trade shows and boating events globally have also boosted the kicking strap market growth.
The kicking strap market is likely to have slow growth accounting for the growing tourism across the globe. Increasing disposable income coupled with the changing trend of recreational activities including sailing activities also boosts the demand for kicking straps globally. Also, the adoption of technologically advanced sailing equipment aids in propelling the kicking strap market share. Besides, the merger and collaboration between sailing companies also aid in boosting the market growth. For instance, the collaborations of Nauta Design and Hall Spars, Reichel/Pugh Yacht Design, and Southern Wind for the 30m superyacht, Morgana, to provide the company's expertise in quality carbon spar manufacturing.
Such strategies also result in favoring the growth of this market in a positive direction. Furthermore, the availability of affordable sailing accessories, growing investments in tourism industries, and the usage of boats in water sports are also responsible for fueling the demand for kicking straps. However, changing regulatory norms coupled with the sudden impact of natural calamities like cyclones, floods, and COVID-19 are likely to hamper the growth of the global market.
Key features of the study:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows: