Rock Sport Protection Products Market Growth Forecast, Demand, Future Outlook and Company Profiles

Sports Drinks Market

This Fact.MR report on the global rock sport protection products market forecasts that the global rock sport protection products market will touch a value of nearly US$ 115 Mn in the year 2022 and grow at a sluggish CAGR during the assessment period.

Rock sport protection products are used in adventure sports like rock climbing and hiking in order to protect the sportspersons from accidents. Such kind of rock sport protection products offer protection against sudden external impacts or falls. These types of protection products are made compulsory by various sport bodies keeping in mind the safety aspects of the adventure sports and for preventing injury or harm to the sportspersons.

The market for rock sport protection products market is exhibiting a steady growth. The main reasons for this are the increasing popularity of adventure sports and tourism amongst the consumers and the growing sporting culture amongst the general population. Due to a change in the urban lifestyle, there is an immense popularity of leisure vacations and adventure tourism. There are a growing number of health conscious tourists and sports enthusiasts that are opting for vacation packages that include outdoor physical activities and include adventure sports like rock climbing and hiking. The promotion of such sports and tourism activities gives a fillip to the rock sport protection products market. Needless to say, there is a huge need for protection gears or products as these sports are becoming popular. Such kind of adventure sports like rock climbing need protection equipment in order to protect the sportspersons from accidents. Also, sports protective equipment is made compulsory by some sports authorities and is most of the times used as a preventive measure offering protection against sudden external impacts or falls. In addition, the spread of e-commerce has given a major boost to the availability and reach of rock sport protection products in the market. However, the availability of inferior quality products and forged products play a major role in the hindering the growth of this market.

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As per the forecast of Fact.MR, the climbing shoes product type segment is slated to touch a value of nearly US$ 35 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The climbing shoes product type segment is estimated to account for nearly one-third of the revenue share of the product type segment by the year 2017 end and is expected to hold the same market share by the year 2022 end.

As per the forecast of Fact.MR, the franchised sports outlet segment will reach a value of nearly US$ 18 Mn in the year 2017. This represents a moderate CAGR growth during the forecast period. The franchised sports outlet segment is estimated to account for nearly one-fifth of the revenue share of the sales channel segment in the year 2017 end and is expected to gain market share by the end of the year 2022.

As per the forecast of Fact.MR, the individual buyer type segment is slated to reach a value of nearly US$ 83 Mn in 2022. The individual buyer type segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the APEJ region in the individual buyer type segment.

Fact.MR forecasts the China rock sport protection products market to grow from nearly US$ 11 Mn in 2017 to nearly US$ 13 Mn in 2022. This represents a compound annual growth rate (CAGR) of 3.2% from 2017 to 2022.

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