| A08260 | Pages: 186 | Aug 2021 | 2209 Views | ||
| Author(s) : Priyanka Khandelwal , Onkar Sumant | Tables: 115 | Charts: 39 |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Kicking Strap Market
Request Now !The global kicking strap market size was $268.3 million in 2020, and is expected to reach $494.9 million by 2030, with a CAGR of 6.2% from 2021 to 2030. Kicking strap, also called as boom vang, is one of the most important components used in sailboats, dinghies, and keelboats. Kicking strap is operated from the mast base. Kicking strap is used to control the balance of sailboats and keelboats while travelling on water surface.
The COVID 19 outbreak has affected the growth of the kicking strap industry owing to the lockdown measure in different countries and delay in manufacturing and production of wide variety of kicking straps.
Sailboat tourism activities have been done by many tourists in different countries across the world. Kicking strap is one of the important components of the sailboat. Hence, with rise in demand for sailboats, the demand for the kicking strap is expected to rise during the forecast period. Furthermore, rise in income level of people is encouraging them to buy personalized sailboats for their enjoyment which acts as a key driving force of the growth of kicking strap market.
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The major players such as Ag +Spars and Mauripro Sailing LLC are engaged in offering hydraulic adjuster (locking). It has features such as large diameter piston rod of 10mm. It uses stainless steel material for hydraulic kicking strap. It is available in size of diameter ranging from 250 mm to 350 mm. In addition, it exhibits features such as high flexible loading booms, 1800 rotation, post-panamax vessels, and cost-effective design. Thus, all these factor collectively contribute toward the growth of the global kicking strap market.
Rise in spending on boating and racing activities augments the demand for pneumatic kicking strap, thereby driving the growth of the market. For instance, the disposable income of Brazil grew by 15.9% from 2018 to 2020. Increase has been witnessed in adoption of pneumatic kicking strap, as it helps to prevent collision and maintain balance of sailboat. In addition, rise in adoption of pneumatic kicking strap in various dinghies, boat, yachts, and ships.
However, fluctuation in raw material prices and low volume of production restrain the growth of the kicking strap market. On the contrary, the technological innovation in kicking strap is anticipated to create growth opportunities for the global kicking strap market.
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The global kicking strap market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is divided into hydraulic, rigid, and others. The rigid segment generated the highest revenue in 2020. Depending on application, the market is bifurcated into professional sports and amateur leisure. The amateur leisure segment generated the highest revenue in 2020. On the basis of distribution channel, the market is categorized into offline and online. The offline segment dominated the market in 2020.
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Region wise, the global kicking strap market analysis is conducted across North America (the U.S., Canada, and Mexico), Europe (UK, France, Germany, Italy, and rest of Europe), Asia-Pacific (China, Japan, India, Australia, and rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). In 2020, Europe was the highest contributor to the global kicking strap market share, and is anticipated to secure a leading position during the forecast period.
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The key players profiled in this report include AG + Spars, Allen Brothers (Fittings) Ltd, Forespar Products Corporation, Hall Spars, Hood Yacht Systems, Nemo Industrie S.p.A., Optimarts Marine Equipment B.V., Selden Mast AB, Sparcraft, and Sea Sure Ltd.
Major players such as Allen Brothers (Fittings) Ltd. and AG +Spars are adopting product launch as key developmental strategies to improve the product portfolio. For instance, in March 2018, Allen Brothers a UK-based company, a leading manufacturer of the sailboat related materials, launched boom vang key named as Allen laser kicker key. With the help of this laser kicker key, the operator of the sailboat can concentrate on the task rather than to think about the protection of the boom vang.
Key Benefits For Stakeholders
Key Market Segments
Key Market Players
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The global kicking strap market has witnessed significant growth attributable to increase in demand for kicking strap in boat and yacht systems.
Kicking strap is widely used in boat, sailboat, keelboats, and dinghies. It is used to control the horizontal and vertical angle of boom. Kicking strap helps to maintain the optimum leech tension for efficient sailing upwind and aids to control the horizontal and vertical angle of boom to improve the performance of boat while racing and cruising.
Rise in demand for kicking strap in boat, dinghies, and sailboat sector globally fuels the growth of the global kicking strap market. In addition, rise in seaborn trade in ship industry globally boosts the demand for kicking strap, thus driving the growth of the growth of the kicking strap market.
Moreover, major players such as AG + Spars and Harken are engaged in offering kicking straps. For instance, Harken offered 22mm double blocks for kicking strap application. It has a diameter of 6mm. It has maximum work load capacity of 159 KG. It is designed for low friction while racing and cruising applications. It is best suitable for sailboards, smaller dinghies, and lightly loaded control lines on boats for all sized.
A. The Global kicking strap market size was $268.3 million in 2020 and is projected to reach $494.9 million in 2030, growing at a CAGR of 6.2% from 2021 to 2030.
A. The forecast period considered for the Global kicking strap market is 2021 to 2030, wherein, 2020 is the base year, 2021 is the estimated year, and 2030 is the forecast year.
A. The base year considered in the Global kicking strap market is 2020.
A. The report for Global kicking strap market doesn’t provides Value Chain Analysis, but if there is a requirement for the same, it could be added as an additional customization.
A. On the basis of distribution channel, the online-segment is expected to be the most influencing segment growing in the Global kicking strap market report
A. Based on application, amateur leisure segment generated the highest revenue, accounting for 66.0% of the market share, and is projected to grow at a CAGR of 6.5% from 2021 to 2030.
A. The report contains an exclusive company profile section, where the leading 10 companies in the market are profiled. These profiles typically cover company overview, geographical presence, and market dominance (in terms of revenue and volume sales).
A. Europe is expected to provide more business opportunities for kicking strap market in the future.
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