Climbing Gears Market Research, 2031
The global climbing gears market size was valued at $1.3 billion in 2021, and is projected to reach $2.7 billion by 2031, growing at a CAGR of 7.9% from 2022 to 2031.
The climbing gears market is segmented into Type, End Use and Distribution Channel.
Climbing gear market refers to the market for equipment and accessories used in the sport of climbing, such as ropes, carabiners, harnesses, helmets, quickdraws, and other protective gear. For top-roping, in addition to climbing shoes, chalk and comfortable clothes are required. For climbing outside, a helmet designed specifically for climbing is an essential tool.
The climbing gear market is projected to be fueled by the increase in the popularity of climbing and adventure sports. The increase in popularity of climbing and adventure sports has led to a higher demand for climbing gear. As more people engage in climbing and other outdoor recreational activities, they seek high-quality gear that can provide protection, comfort, and support while they climb. The rise in popularity has also led to an increase in the number of climbing gyms and outdoor climbing destinations, which further contributes to the growth of the climbing gear market.
Moreover, one of the main factors driving the growth of the climbing gear market is the rising awareness of the health advantages of climbing. One of the best exercise activities that helps to increase muscle strength and endurance is climbing, which is gaining popularity. It incorporates both cardio and weight training into one workout. The amount of energy required for rock climbing is compared to jogging one mile in 8 to 11 minutes. This aids in removing extra body fat while enhancing muscle endurance and strength. Therefore, the popularity of rock climbing as a leisure and fitness activity is rising quickly, which is fueling the growth of the climbing gear market globally.
Additionally, the climbing gear market is driven by the growing popularity of indoor climbing and bouldering. The growing popularity of indoor climbing and bouldering has created an opportunity for the climbing gear market. The growth of indoor climbing facilities has increased exposure to the sport, making it more accessible and appealing to a wider range of people. As a result, the demand for climbing gear, such as shoes, chalk, and climbing holds, has increased.
Moreover, the demand for sports among the younger population, particularly among millennials, is driving the market for climbing equipment. The importance of outdoor sporting events has increased as people's interest in fitness routines, rapid diversion, and healthy lifestyles has grown. The market for climbing accessories has benefited from this. A surge in the outdoor recreation industry as a result of urban migration, changing demographics, and a focus on healthy living is also contributing to an increase in the demand for apparel and equipment.
In addition, the development of new and innovative climbing gear has created an opportunity for the climbing gear market. Technological advancements have allowed manufacturers to create gear that is lighter, stronger, and more functional than ever before. The introduction of new materials, designs, and technologies has improved the performance and safety of climbing gear, making it more appealing to climbers. Thus, such factors are fueling the Climbing Gears Market Demand.
However, a lack of awareness about the importance of using proper gear can restrain the growth of the climbing gear market. Many individuals may not understand the importance of using proper equipment while climbing, such as wearing a helmet or using a secure harness. This can lead to the use of cheaper or inadequate gear, which can increase the risk of injury or harm. Additionally, a lack of awareness about the benefits of high-quality gear, such as increased comfort and performance, can lead individuals to opt for cheaper alternatives. This can reduce demand for climbing gear and limit the growth of the market.
The climbing gear market is segmented on the basis of type, application, distribution channel, and region. By type, the market is classified into climbing harness, specialized clothing, climbing carabiners, and others. By application, the market is classified into men, women, and kids. Based on distribution channel, the market is bifurcated into online and offline. Region wise, it is analyzed across North America (U.S., Canada, Mexico), Europe (Germany, UK, France, Italy, Belgium, Russia, Netherlands, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, Thailand, Indonesia, and Rest of Asia-Pacific), and LAMEA (Brazil, Argentina, UAE, Saudi Arabia, Chile, Turkey, South Africa, and Rest of LAMEA).
By type, the climbing gear market is classified into climbing harness, specialized clothing, climbing carabiners, and others. The climbing harness segment accounted for a major share in the climbing gear market in 2021 and is expected to grow at a significant CAGR during the forecast period. The climbing harness market trend has been growing steadily in recent years as more people are participating in climbing activities. The demand for high-quality, durable, and comfortable climbing harnesses has increased due to the rise in popularity of indoor climbing, sport climbing and bouldering.
By end use, the climbing gear market is classified into men, women, and others. The men segment accounted for a major share in the climbing gear market in 2021 and is expected to grow at a significant CAGR during the forecast period. According to outdoor sports participation report published by The Outdoor Foundation, in 2016, around 54% of the outdoor sports participants were men, while 46% were women. The market players have been launching lightweight and comfortable apparel for men. These are made of flexible fabric materials and have wicking properties. New product offerings to cater to the men segment is anticipated to boost the Climbing Gears Market Growth.
By distribution channel, the climbing gear market is classified into online and offline. The offline segment accounted for a Climbing Gears Market Share in the climbing gear market in 2021 and is expected to grow at a significant CAGR during the Climbing Gears Market Forecast period. The offline segment encompasses all the physical retail stores through which sports equipment and apparel are made available to the buyers. The growth of the offline segment in the climbing gear market can be attributed to increase in adoption of offline retail formats such as the supermarket and hypermarket in both the mature and emerging markets.
By region, the climbing gear market is segmented into North America, Europe, Asia-Pacific, and LAMEA. The North America climbing gear market is accounted for a major share in 2021 and is expected to grow at a significant CAGR during the forecast period. North America offers lucrative growth opportunities for market players. Market players are expanding in this region to gain a stronger foothold in the climbing gear market. Since this region is the largest user of the product, the market for climbing gear in the U.S. has profited from the nation's expanding industrial growth and different driving forces that have boosted the potential sectors.
The major players operating in the Climbing Gears industry focus on key market strategies, such as mergers, product launches, acquisitions, collaborations, and partnerships. They have been also focusing on strengthening their market reach to maintain their goodwill in the ever-competitive market. Some of the key players in the climbing gear market include CAMP SpA, Ober Alp SPA, Metolius Climbing, EDELRID GmbH & Co. KG, Grivel S.r.l., SINGING ROCK s.r.o., Great Trango Holdings, Inc., Mammut Sports Group AG, Petzl Distribution, Kailas Sports Product Co., Ltd., Mad Rock Climbing, ANTA Sports Products Limited, and DMM International Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the climbing gears market analysis from 2021 to 2031 to identify the prevailing climbing gears market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the climbing gears market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global Climbing Gears industry.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global climbing gears market trends, key players, market segments, application areas, and market growth strategies.
Climbing gears Market Report Highlights
Market Size By 2031
USD 2.7 billion
CAGR of 7.9%
2021 - 2031
By End Use
By Distribution Channel
Key Market Players
DMM International Ltd., Mad Rock Climbing, Mammut Sports Group AG, Grivel S.r.l., Great Trango Holdings, Inc., Petzl Distribution, Kailas Sports Product Co., Ltd., CAMP SpA, EDELRID GmbH & Co. KG, Metolius Climbing, ANTA Sports Products Limited, SINGING ROCK s.r.o., Ober Alp SPA
According to the insights of the CXOs, the global climbing gear market is expected to witness robust growth during the forecast period. This is attributed to increasing in safety regulations and standards. This includes equipment such as helmets, harnesses, carabiners, ropes, and other protective gear. As a result, the demand for compliant and reliable climbing gear has risen, driving growth in the climbing gear market. Additionally, as safety regulations become more stringent and better enforced, it is likely that demand for high-quality gear will continue to increase in the future. Furthermore, to attract consumers around the globe, key players in the market are investing in R&D activities and advertising & promotion of products.
CXOs further added the growing popularity of indoor climbing and bouldering. The growing popularity of indoor climbing and bouldering has created an opportunity for the climbing gear market. The growth of indoor climbing facilities has increased exposure to the sport, making it more accessible and appealing to a wider range of people. As a result, the demand for climbing gear, such as shoes, chalk, and climbing holds, has increased. However, A lack of awareness about the importance of using proper gear can restrain the growth of the climbing gear market.