Global striking strap industry expected to reach $ 494.9 million by 2030 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD)–The “Lashing Strap Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2030” report was added to ResearchAndMarkets.com offer.

The global impact straps 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.

One of the most important components used in keelboats, sailboats and dinghies is the kick strap, also known as a downhaul. The kick strap is a line or piston system on sailboats and keelboats used to exert a downward force on the boom, thereby controlling the balance of the sailboat.

The characteristics of the striking strap, such as high efficiency, a controlled balance between horizontal and vertical angles, and low maintenance, are driving its adoption in many ship and sailboat applications. In addition, increasing demand for kick straps in professional sports and hobbyist applications is a major driver of the global kick straps market.

In addition, the increase in the adoption of the kick strap in boating, sailing, fishing and other activities, due to the boom balancing mast, is fueling the market growth of kick straps. In addition, the increase in sailing tourism activities and water sports activities in various countries such as the United States, China and India is propelling the demand for kick straps. Moreover, the increase in the popularity of boating activities among tourists of all age groups is helping in the growth of the global impact straps market.

However, fluctuating raw material prices and low production volume of Kickstarter straps are hampering the growth of Kickstarter straps market. On the contrary, technological innovations in kickstarter straps are expected to create growth opportunities for the global market.

The global punching straps market is segmented into product type, application, distribution channel, and region. Based on product type, the market is divided into hydraulic, rigid, and others. The rigid segment generated the highest revenue in 2020. Based on the applicants, the market is fragmented into professional sports and amateur recreation. The hobbyist leisure segment generated the highest revenue in 2020. According to the distribution channel, the market is separated into offline and online. The offline segment dominated the market in 2020.

With regard to regions, the analysis of the global Punch Straps market is conducted in North America (United States, Canada, and Mexico), Europe (United Kingdom, France, Germany, Italy and the rest of the Europe), Asia-Pacific (China, Japan, India, Australia and the rest of Asia-Pacific) and LAMEA (Latin America, Middle East and Africa). In 2020, Europe has been the major contributor to the global kickstarter straps market share and is expected to secure a leading position during the forecast period.

Key Benefits

  • The report provides in-depth analysis of current trends and future estimates.

  • An in-depth analysis of the global Strike Straps market is done by tracking key product positioning and monitoring major competitors within the market framework.

  • A comprehensive analysis of all regions is provided to determine existing opportunities.

  • The analysis of the global Kickstarter Strap market forecast from 2021 to 2030 is included in the report.

  • Leading market players in the Global Striking Straps Market are presented in this report and their strategies are thoroughly analyzed, which helps in understanding the competitive outlook of the Global Striking Straps Market.

Market dynamics

Conductors

  • Increased demand for freight transport by ships

  • Tourism on the rise

  • Increased adoption of punch strap in water sports activities

Constraints

  • Fluctuating commodity prices

  • The manufacturer produces products in limited quantities

Opportunity

  • Technological innovation in kickstrap strap

Key players

  • AG + Spars

  • Allen Brothers (Fittings) Ltd.

  • Forespar Products Company

  • hall spars

  • Hood Yacht Systems

  • Nemo Industrie SpA

  • Optimarts Marine Equipment BV

  • Selden Mast AB

  • Sparcraft

  • Sea Sure Ltd.

For more information on this report, visit https://www.researchandmarkets.com/r/id3kad


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