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Kicking Strap Market - Global Opportunity Analysis and Industry Forecast, 2020-2027

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Feb 2021 | 55 Views
 
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COVID-19

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Kicking strap is one the most important components used in sailboats. Kicking strap is a piston or a line system used so that downward force can be exerted on the boom and by that exerted downward force, sail shape can be controlled. In some countries such asthe U.S, the kicking strap is also known by other name, boom vang. In sailboats which are larger in size, kicking strap or boom vang is considered as the spring-loaded telescopic tube combination which is used to support the boom.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Product type, Application, Distribution Chanel and Region

  Companies covered

Major players analyzed include  AG+ SPARS, Competition Composites , Allen Brothers , Axxon Composites, CST Composites, Forespar, Offshore Spars, Optiparts – Windesign, Hall Spars & rigging, Sparcraft, Z-Spars, Heol Composites, Southern Spars

 

Regions covered

North America

Europe

Asia-Pacific

LAMEA

U.S., Canada and Mexico

Germany, France, UK, Italy, Spain and the Rest of Europe

China, Japan, India, South Korea and the Rest of Asia Pacific

Latin America, Middle East and Africa

COVID-19 scenario analysis:

  • The demand for kicking strapsis expected to decrease in the year 2020, owing to low demand from different industries due to lockdown imposed by government of many countries.
  • COVID-19 pandemic has shut-down production of various products in the kicking strapindustry, mainly owing to prolonged lockdown in major global countries. This has hampered growth of the kicking strapmarket significantly from last few months, as is likely to continue during 2020.
  • COVID-19 has already affected sales of equipment and machinery in the first quarter of 2020 and is expected to cause a negative impact on the market growth throughout the year.
  • The major demand for equipment and machinery was previously noticed from giant manufacturing countries including the U.S., Germany, Italy, the UK, and China, which is badly affected by the spread of corona virus, thereby halting demand for equipment and machinery.
  • Further, potential impact of the lockdown is currently vague and financial recovery of companies is totally based on its cash reserves. Equipment and machinery companies can afford a full lockdown only for a few months, after which the players would have to modify their investment plans.
  • Equipment and machinery manufacturers must focus on protecting their workforce, operations, and supply chains to respond toward immediate crises and find new ways of working after COVID-19 infection cases start to decrease.

Top impacting factors:

When a sailboat is under the sail, high amount of force is required so that the height of the boom can be changed. A kicking strap which is a line-based kicking strap consists of a pulley system. On the large sailboats, hydrogen piston vangs are more commonly used and these vangs are controlled with the help of hydraulic pumps or can be controlled manually also. The kicking strap or boom vangs are very important for the boat whether the boat is small in size or large in size. The main application of the kicking strap is that during the sailing it restrains the boom from rising and by which the leech of mainsail can be controlled. Because of this the sail twist is eliminated and if sail twist is not controlled then it can make the boat unstable. Due to instability of the boat, the chances of the rolling of the boat in the waves increases. The kicking strap or the boom vang is generally operated from the mast base. Considering the importance of the kicking strap for the sailboats, the demand of kicking strap is expected to rise during the forecast period.

North America is considered as one of the most important region for the growth of kicking strap market. There is huge popularity of the water sport named as sailing in the North America region. Therefore, the demand for the kicking straps for the sailboats is expected rise during the forecast period. 

New product launch to flourish the market:

Many companies in kicking strap market are developing and introducing new products to the market. These new products are technologically more advanced than the previous range of their products. These new products are more efficient and effective in their performance and are widely used in the industry.

In March 2018, Allen brothers a UK based company which is leading manufacturer of the sailboat related materials has 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. This updated laser kicker key has been made up with stronger material.

Key driving factor for the growth of kicking strap market:

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 the rise in demand for sailboats, the demand for the kicking strap is also expected to rise during the forecast period. Further, there is rise in the income levels of the people and therefore, many people are buying the personalized sailboats for their enjoyment. This could be the key driving factor for the growth of kicking strap market.

Key restraining factor for the growth of kicking strap market:

Kicking strap is that kind of product which companies do not manufacture in large quantities. Kicking strap is customizable product and companies manufacture this product according to the customer requirements. Hence, customization increases the cost of the kicking strap. This could be the key restraining factor for the growth of kicking strap market.

Key segments covered:

Segments

Subsegments

Product type

 

  • Hydraulic
  • Rigid
  • Pneumatic

 

Application

 
  • Professional Sports
  • Amateur Leisure

 

Distribution channel

 

  • Direct Sales
  • Distributor
  • Online

 

Key benefits of the report:

  • This study presents the analytical depiction of the kicking strap market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the market growth scenario.
  • The report provides a detailed kicking strap market analysis based on competitive intensity and how the competition will take shape in coming years.
 
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