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:
- This proposed research study on the kicking strap market provides market size (US$ million), compound annual growth rate (CAGR %), and forecast estimation (2020-2027), considering 2019 as the base year
- The research report elucidates potential growth opportunities across different segments/countries and explains an attractive investment proposition matrix for kicking strap market
- The overall report identifies new investment opportunities, challenges faced by established players, and growth factors to sustain in the kicking strap market
- Impact of COVID-19 on kicking strap market size, forecast, CAGR, and market dynamics are discussed in detail under the research scope. Detailed insight on the kicking strap market post-COVID will also be covered.
- In order to give the users of this report a comprehensive view of the kicking strap market, we have also included a competitive landscape and key innovator analysis for the kicking strap market.
- The study encompasses a growth prospect mapping analysis, wherein all the industry segments are benchmarked based on their market size, growth rate, and end-user's attractiveness.
- The report offers detailed company profiling featuring major market participants which will help users to understand their financial information and strategic initiatives of players operating in the kicking strap market.
- In addition, the report also unveils the important acquisitions & mergers, collaborations & joint ventures, new product launches, research & development, regional expansion of major participants involved in the kicking strap market on global as well as regional level.
- The global kicking strap market report primarily caters to various stakeholders in this industry including suppliers, investors, new entrants, distributors, and financial analysts
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL KICKING STRAP MARKET KEY PLAYERS
- Allen Brothers
- Hood Yacht Systems
- Arte - Bamar
- Hall Spars & Rigging
- Garhauer Marine
- Sea Sure
- Nemo Industries
- Selden Mast Ab
- Ocean Yacht Systems
- Sparcraft And Reckmann
GLOBAL KICKING STRAP MARKET, BY PRODUCT TYPE
- Reverse Thrust
GLOBAL KICKING STRAP MARKET, BY APPLICATION
- Professional Sports
- Amateur Leisure
GLOBAL KICKING STRAP MARKET, BY REGION
- North America
- The U.S.
- United Kingdom
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- The Middle East and Africa
- Saudi Arabia
- United Arab Emirates
- Rest of MEA