Rock climbing is an adventure sport undertaken with the help of climbing ropes, harnesses, and other climbing equipment. The aim is to outstretch the endpoint of a pre-defined route without falling. Rock climbing is a demanding sport which requires both physical as well as mental focus, one that often tests a climber's endurance, agility, strength, and balance along with mental control. There are different types of rock climbing such as aid, bouldering, solo, free, sport, traditional, top rope, multi-pitch etc. Increase in number of rock climbing championships across the globe will drive the demand for rock climbing equipment.
Key factors driving the rock climbing equipment market include rise in popularity of rock climbing, and increase in awareness about the health benefits of rock climbing. Technological advancement with respect to internet access and smartphones is likely to help the adventure tourism industry to grow during the forecast period. Evolution in e-commerce has created huge opportunities for producers and distributors in the industry. In order to cater to a comprehensive range of customers across the world, producers and distributors of rock climbing equipment are focusing on selling their products on various e-commerce websites. Promotion of rock climbing equipment through various online channels is projected to offer lucrative opportunities to the rock climbing equipment market in the next few years. On the other hand, casualties that occur due to failure of climbing equipment is one of the major factors hampering the growth of the rock climbing equipment market.
The global rock climbing equipment market can be segmented based on product, distribution channel, end-users, and region. On the basis of product, the rock climbing equipment market can be segmented into rock climbing shoes, specialized clothing, climbing harnesses, climbing ropes, belay devices, and carabiners. Climbing harnesses are projected to be the most saleable rock climbing equipment in the near future because the usage of a climbing harness provides access or protection to the rock climbers. In terms of distribution channel, the market can be bifurcated into online and offline. On the basis of end-users, the market is bifurcated into men and women. Climbing is an adventure sport where women are equal to men. On an average, men are stronger and muscular, but women have comparatively less body weight which helps them to lift easily while climbing. Based on region, the global rock climbing equipment market can be segregated into Europe, North America, Asia Pacific, South America, and Middle East & Africa. The market in North America and South America is estimated to register significant growth over the forecast period due to presence of large number of professional rock climbers in this region. The rock climbing equipment market in Asia Pacific is anticipated to expand at a considerable pace during the forecast period due to rise in awareness about rock climbing among youngsters. This is projected to augment the demand for rock climbing equipment in this region from 2018 to 2026.
Prominent players operating in the global rock climbing equipment market are Petzl, Black Diamond, Camp USA, Grivel, Mammut, Metolius Climbing, Arc'teryx, Salewa, Edelrid, and, Singing Rock. These players are estimated to face healthy competition in the coming years due to presence of a large number of local players in the market. Major brands are likely to focus on innovation of new products and research & development activities to strengthen their foothold in the global rock climbing equipment market. Companies are undertaking mergers and acquisitions, and joint ventures with local players to expand their product portfolio. Producers in developing countries are focusing on reducing their cost of production and increase profitability for the sustainable growth of their business.
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