The global kicking strap market size was valued at $268.1 million in 2020. The market is forecast to grow at a compound annual growth rate of six percent during the forecast period from 2021-2027.
The kicking strap, also known as boom vang, is one of the most important parts of sailboats, dinghies, and keelboats. Operational controls for the kicking strap are at the mast base. A kicking strap provides balance to sailboats and keelboats while moving over the water.
Factors Affecting the Global Kicking Strap Market
- The use of sailboats for tourism has been done by many people in different countries all around the world. A sailboat's kicking strap is one of its most important parts. Accordingly, with the rise in demand for sailboats, kicking straps are expected to gain in popularity.
- Increasing income levels among individuals have led to them purchasing customized sailboats as a means of enjoyment, which acts as a key driving force for the growth of the kicking strap market.
- There are features such as a 10mm piston rod with a large diameter. Hydrostatic kick straps are made from stainless steel. Depending on the diameter, it is available between 250 mm and 350 mm. Furthermore, this vessel exhibits the versatility of highly flexible loading booms, 1800-rpm engine rotation, and cost-effective design. The kicking strap market is thus growing as a result of all these factors combined.
- Pneumatic kicking straps are in high demand due to the rise in spending on boating and racing activities.
- Low production volumes and fluctuating raw material prices inhibit market growth for kicking straps.
- Globally, the kicking straps market is anticipated to grow due to technological advancements.
Covid-19 Impact on the Global Kicking Strap Market
Due to the Covid-19 outbreak, kicking strap production has been severely affected worldwide.
Many parts of the world were facing a labor shortage. Since the covid-19 outbreak has negatively affected manufacturing for lack of workers, raw materials, travel bans, and plant closures, the global kicking strap market has experienced a slowdown.
Regional Analysis of the Global Kicking Strap Market
As of 2020, Europe was the leading contributor to the worldwide kicking strap market share and is predicted to maintain its leading position during the forecast period. In addition, since a significant part of the market is operated globally, the Middle East, Africa, North America, and other countries in Asia-Pacific also show a good opportunity.
Key Players in the Global Kicking Strap Market
The major competitors in the global kicking strap market include:
- Allen Brothers (Fittings) Ltd
- Forespar Products Corporation
- AG + Spars
- Optimarts Marine Equipment B.V.
- Selden Mast AB
- Hood Yacht Systems
- Nemo Industrie S.p.A.
- Sparcraft
- Hall Spars
- Sea Sure Ltd.
- Other Prominent Players
Aim of the Report: The Global Kicking Strap Market
The global kicking strap market is segmented by Application, Distribution Channel, Product Type, and Region.
Segmentation based on Application
- Professional Sports
- Amateur Leisure
Segmentation based on Distribution Channel
- Offline
- Hydraulic
- Rigid
- Others
- Online
Segmentation based on Product Type
Segmentation based on Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
