Press release
Global Recreational Safety Harness Market Comprehensive Study: Forecasted Market Size And Growth Rate |3M company, Black Diamond Equipment Ltd. Inc., CMC Rescue Inc., Cresto Group AB, Elytra Ltd., HC Safety
Recreational Safety Harness Market Trend
The Business Research Company offers in-depth market insights through Recreational Safety Harness Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The recreational safety harness market size has grown steadily in recent years. It will grow from $14.18 billion in 2023 to $14.62 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to consumer preferences, safety regulations, adventure tourism, construction and maintenance, amusement parks.
The recreational safety harness market size is expected to see steady growth in the next few years. It will grow to $16.67 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to insurance and liability factors, sustainability focus, corporate safety initiatives, professional training programs, increasing health and wellness focus, social media influence. Major trends in the forecast period include institutional and organizational policies, legal and insurance compliance, environmental sustainability, innovative designs, education and training..
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Market Segmentation:
The recreational safety harness market covered in this report is segmented -
1) By Type: Full Body Harnesses, Sit And Work Harnesses, Children's Harnesses, Other Types
2) By Application: Rock Climbing, High-Lining, Hunting, Other Applications
3) By End-Users: Commercial End-Users, Individual End-Users
Major Driver - The Surge In Climbing Sports Fuels The Recreational Safety Harness Market
The growing popularity of climbing sports is driving the recreational safety harness market. Sport climbing is a sport in which a sportsman climbs a rock or mountain with proper safety equipment and safety measures. Safety harnesses are required for climbing sports such as rock climbing or mountaineering due to the enhanced safety provided by the harness and the dangerous nature of the game sport. The demand for recreational safety harnesses will rise in response to the growing popularity of climbing sports. For instance, according to the Climbing Business Journal, a US-based newsletter company providing insights related to the climbing sports industry, in 2021, 53 new climbing gyms were opened in the US, the highest number of openings in a calendar year alone. The growth rate of climbing gyms in the US was 8.24% in 2021, which was higher compared to 5.41% in 2020 and 5.07% in 2019. Therefore, the growing popularity of climbing sports will drive the recreational safety harness market forward.
Competitive Landscape:
Major companies operating in the recreational safety harness market report are 3M company, Black Diamond Equipment Ltd. Inc., CMC Rescue Inc., Cresto Group AB, Elytra Ltd., HC Safety, Honeywell International Inc., Kaya Safety Co., KwikSafety Co., Misty Mountains Ltd., Neil Pryde Ltd., Petzl SAS, PMI Rope, Portwest Ltd., SKYLOTEC GmbH, Yates Gear Inc., capital Safety Ltd., DBI Sala Co., Elk River Inc., FallTech, FrenchCreek Production Inc., Guardian Fall Protection, Miller Fall Protection, MSA Safety Inc., Protecta International, Rigid LifeLines, Rock Exotica, Safe Approach, Sala International Ltd.
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Top Trend - Guardianfall Partners With Twiceme Technology For Nfc-Integrated Fall Protection Harness With Hth Adaptation
Technological advancement is a key trend gaining popularity in the recreational safety harness market. Major companies in the market are launching new products with innovative technologies, such as the new fall safety harnesses integrated with NFC (near field communication) technology for easy access to safety information on smartphones, enabling better safety. For instance, in May 2023, Twiceme Technology AB, a Swedish safe-tech company offering digital solutions for easily accessible vital information in fall protection harnesses, partnered with GuardianFall, the US-based fall protection company, to provide fall protection harnesses with twICEme technology in the Guardian's B7-Comfort Harness. It has groundbreaking engineering, and expert design that puts the user's needs first. This has resulted in a harness that offers exceptional adjustability, mobility, and ergonomics, providing the most comfortable experience possible while working at height. This new harness and technology aims to empower all bystanders to become helpers through the awareness and adaptation of HTH (Help The Helpers) technology.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Recreational Safety Harness Market Characteristics
3. Recreational Safety Harness Market Trends And Strategies
4. Recreational Safety Harness Market - Macro Economic Scenario
5. Recreational Safety Harness Market Size And Growth
…..
27. Recreational Safety Harness Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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