Dublin, Oct. 28, 2021 (GLOBE NEWSWIRE) -- The "Kicking Strap Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.
The global kicking strap market size was valued at $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 vangs, is one of the major important components used in keelboats, sailboats, and dinghies. Kicking strap is a line or piston system on sailboat and keelboats used to exert downward force on the boom, thereby controlling the balance of sailboat.
The features of kicking strap such as high efficiency, controlled balance between horizontal & vertical angles, and low maintenance boost its adoption in many ship and sailboat applications. In addition, increase in demand for kicking strap from professional sports and amateur applications acts as a key driving forces of the global kicking strap market.
In addition, rise in adoption of kicking strap in boating, sailing, fishing, and others activities, owing to balance mast of the boom fuels the growth of the kicking strap market. Furthermore, increase in sailboat tourism activities and water sports activities in various countries such as the U.S., China, and India propels the demand for kicking strap. In addition, increase in the popularity of recreational boating activities among tourists of all the age groups contributes toward the growth of the global kicking strap market.
However, fluctuation in raw material prices and low production volume of kicking strap hamper the growth of the kicking strap market. On the contrary, technological innovations in kicking strap is anticipated to create growth opportunities for the global market.
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. On the basis of application, the market is fragmented into professional sports and amateur leisure. The amateur leisure segment generated the highest revenue in 2020. Depending on distribution channel, the market is segregated into offline and online. The offline segment dominated the market in 2020.
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.
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.
The report provides an extensive analysis of the current trends and future estimations.
Extensive analysis of global kicking strap market is conducted by following key product positioning and monitoring of the top competitors within the market framework.
A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
The global kicking strap market forecast analysis from 2021 to 2030 is included in the report.
The key market players within the global kicking strap market are profiled in this report and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global kicking strap market.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter's five forces analysis
3.4. Market player positioning, 2020
3.5. Market dynamics
18.104.22.168. Increase in demand for cargo transportation through ships
22.214.171.124. Rising Tourism
126.96.36.199. Increase in adoption of kicking strap in water sports activities
188.8.131.52. Fluctuation in raw material prices
184.108.40.206. Manufacturer produce products in limited quantities
220.127.116.11. Technological innovation in kicking strap
3.6. COVID-19 impact analysis
CHAPTER 4: GLOBAL KICKING STRAP MARKET, BY PRODUCT TYPE
4.1.1. Market size and forecast, by product type
4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market analysis, by country
4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market analysis, by country
4.4.1. Key market trends, growth factors, and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market analysis, by country
CHAPTER 5: GLOBAL KICKING STRAP MARKET, BY APPLICATION
5.1.1. Market size and forecast, by application
5.2. Professional Sports
5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market analysis, by country
5.3. Amateur Leisure
5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market analysis, by country
CHAPTER 6: GLOBAL KICKING STRAP MARKET, BY DISTRIBUTION CHANNEL
6.1.1. Market size and forecast, by distribution channel
6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast, by region
6.2.3. Market size and forecast, by product type
6.2.4. Market analysis, by country
6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast, by region
6.3.3. Market size and forecast, by product type
6.3.4. Market analysis, by country
CHAPTER 7: KICKING STRAP MARKET, BY REGION
CHAPTER 8: COMPANY PROFILES
8.1. AG + Spars
8.1.1. Company overview
8.1.2. Company snapshot
8.1.3. Company snapshot
8.1.4. Product portfolio
8.2. Allem Brothers (Fittings) Ltd
8.2.1. Company overview
8.2.2. Key executives
8.2.3. Company snapshot
8.2.4. Product portfolio
8.2.5. Key strategic moves and developments
8.3. Forespar Products Corporation
8.3.1. Company overview
8.3.2. Key executive
8.3.3. Company snapshot
8.3.4. Product portfolio
8.4. Hall Spars
8.4.1. Company overview
8.4.2. Key executive
8.4.3. Company snapshot
8.4.4. Product portfolio
8.4.5. Key strategic moves and developments
8.5. Hood Yacht Systems
8.5.1. Company overview
8.5.2. Key executive
8.5.3. Company snapshot
8.5.4. Product portfolio
8.6. Nemo Industrie S. p. A.
8.6.1. Company overview
8.6.2. Key executives
8.6.3. Company snapshot
8.6.4. Product portfolio
8.7. Optiparts Marine Equipment B. V.
8.7.1. Company overview
8.7.2. Key executive
8.7.3. Company snapshot
8.7.4. Product portfolio
8.7.5. Key strategic moves and developments
8.8. Selden Mast AB
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.8.4. Product portfolio
8.8.5. Key strategic moves and developments
8.9.1. Company overview
8.9.2. Key executive
8.9.3. Company snapshot
8.9.4. Product portfolio
8.10. Sea Sure Ltd
8.10.1. Company overview
8.10.2. Key executive
8.10.3. Company snapshot
8.10.4. Product portfolio
For more information about this report visit https://www.researchandmarkets.com/r/2zu4mw
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