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Kicking Strap Market Worth $494.9 Million by 2030 | Covid-19 Impact Analysis

09-20-2021 08:12 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

/ PR Agency: Allied Market Research
Kicking Strap Market

Kicking Strap Market

Kicking strap products are largely used in the boat and yacht industry. A kicking strap is a rigid strut that extends obliquely upward from the boom to the mast, exerting a force that pushes down on the boom. Kicking strap is designed to be attached to a flat surface, allowing the line to run parallel to that surface.

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The global kicking strap market size was valued at $0.26 billion in 2020, and is expected to reach $0.49 billion by 2030, with a CAGR of 6.2% from 2021 to 2030.

Rise in disposable income of population coupled with surge in spending on tourism activities boosts the demand for kicking strap in boat and yachts. For instance, the disposable income of Spain registered a growth of 5.9% from 2017 to 2020, fuels the growth of the global kicking strap market. Increase in trend of recreational boating across the globe is likely to boost the growth of the kicking strap market.

Top 10 Key Market Players

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
Sea Sure Ltd.

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Key Market Segments

By Product Type

Hydraulic
Rigid
Others

By Application

Professional Sports
Amateur Leisure

By Distribution Channel

Offline
Hydraulic
Rigid
Others
Online
Hydraulic
Rigid
Others

By Region

North America
Europe
Asia-Pacific
LAMEA

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of Market Research Reports and Business Intelligence Solutions. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.

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