Rock Sport Protection Products Market to Reach $2,070.1 Million, Globally, by 2031 at 8.1% CAGR: Allied Market Research

Increase in safety concerns in the rock sport community and the increasing focus of manufacturers on developing lightweight and durable specialized products are predicted to drive the growth of the global rock sport protection products market. The North America region is projected to garner the highest revenue by 2031.

PORTLAND, Ore., April 11, 2023 /PRNewswire/ -- Allied Market Research has recently published a report, titled, "Rock Sport Protection Products Market by Type (Climbing Harness, Specialized Clothing, Climbing Carabiners, and Others), Accessories (Belay Devices, Nuts, Hexes, Helmets, Camming Devices, and Others), Distribution Channel (Online and Offline), and Buyer Type (Individual and Institutional): Global Opportunity Analysis and Industry Forecast, 2022–2031". According to the report, the global rock sport protection products market generated $981.8 million in 2021, and is anticipated to generate $2,070.1 million by 2031, witnessing a CAGR of 8.1% from 2022 to 2031.

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Prime Determinants of Growth

Increase in awareness of importance of physical activities among people for overall health & wellness and the growing popularity of indoor climbing & adventure sport among the younger generation are the factors expected to drive the growth of the global rock sport protection products market in the forecast period from 2022 to 2031. However, the high cost of raw materials and seasonal changes in outdoor activities may hamper the rock sport protection products market growth in the coming future. On the contrary, the growing focus of manufacturers on developing specialized products for niche rock sport activities and the availability of rock sport protection products on online stores are expected to offer remunerative opportunities for the expansion of the rock sport protection products market during the forecast period.

Report Coverage & Details:

Covid-19 Scenario

• The rock sport protection products market experienced both challenges and opportunities during the outbreak of the COVID-19 pandemic.
• Shortages in supply of raw materials and the decrease in the demand for goods, such as climbing helmets, pads, and harnesses due to a smaller number of people participating in indoor climbing activities have affected the market growth in the initial pandemic period.
• However, many retailers and manufacturers have had to find alternative sources of raw materials and shipping options to mitigate the impact of supply chain disruptions. Many manufacturers adopted new health and safety guidelines to protect their workers. All these factors have significantly impacted the global rock sport protection products market growth.

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Climbing Harness Sub-segment to Generate the Highest Revenue by 2031

Based on type, the climbing harness sub-segment held the highest market share in 2021 and is estimated to maintain its leadership status during the forecast period. This is mainly because climbing harnesses are able to withstand high loads, as they are made from high-strength materials, such as polyester, nylon, and dyneema. On the other hand, the climbing carabiners sub-segment of the rock sport protection products market is projected to manifest the highest CAGR of 8.7% from 2022 to 2031, due to reliability of these devices to provide safety during climbing, mountaineering, and other outdoor activities.

Belay Devices Sub-segment to Maintain its Leading Position by 2031

Based on accessories, the belay devices sub-segment accounted for dominant market size in 2021, as these devices ensures safety during outdoor activities and are an essential safety feature for climbers. This sub-segment is predicted to grow at a CAGR of 8.8% during the estimated timeframe owing to the continuous development of innovative and wide range of products by manufacturers that cater to different needs and preferences of customers. For example, some belay devices feature assisted braking systems (ABS), which provide additional control and safety to users during climbs.

Offline Sub-Segment to Dominate in Terms of Revenue During the Forecast Period

Based on distribution channel, the offline sub-segment of the rock sport protection products market garnered the highest revenue share in 2021 and is expected to rise at a CAGR of 7.8% during the forecast period. The significant growth of the sub-segment is majorly owing to the growing preference of consumers to shop in-store, such as from specialty stores and retailers. This preference is mainly because customers have the benefit of scanning products of different brands and also get expert advice from sales staff for their requirement.

Institutional Sub-segment to Generate Highest Revenue by 2031

Based on buyer type, the institutional sub-segment accounted for the largest market share in 2021 as schools, recreation centers, universities, and other public facilities provide access to outdoor activities like rock climbing. This segment of the global rock sport protection products market is predicted to grow at a CAGR of 7.9% during the forecast period mainly because manufacturers are continuing to develop innovative products, particularly tailored to meet the rising needs of institutional buyers.

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North America Region to Maintain its Dominance in Terms of Revenue by 2031

Based on region, North America held the highest market share in terms of revenue in 2021, owing to the rising popularity of rock climbing and outdoor activities among youngsters in the region. Besides, the technological developments in safety products and the increasing emphasis on safety in the rock sport industry, particularly due to increase in accidents are driving the growth of the North America market. On the other hand, the Asia-Pacific region of the global rock sport protection products market is expected to witness the fastest growth at a CAGR of 10.0% from 2022 to 2031, owing to the rising consumer spending on leisure activities, such as outdoor sports and adventure sports.

Leading Players of the Rock Sport Protection Products Market:

• SINGING ROCK s.r.o.
• Mammut Sports Group AG
• Kailas Sports Products Co., Ltd.
• Petzl Distribution
• Mad Rock Climbing
• Ober Alp SPA
• Great Trango Holdings, Inc.
• Anta Sports Products Limited
• Metolius Climbing
• EDELRID GmbH & Co. KG

The report provides a detailed analysis of the key players of the global rock sport protection products market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

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