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Recreational Safety Harness Market 2024-2033: Competitor Assessment, New Trends, Share Analysis And Global Key Players
Recreational Safety Harness Market Share
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According to The Business Research Company's, 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 Drivers and Trends:
An increase in the number of climbing gyms is expected to propel the growth of the recreational safety harness market going forward. A climbing gym, also known as an indoor climbing facility or climbing center, is a specialized recreational facility designed for individuals to practice and enjoy various forms of climbing activities in a controlled environment. Recreational safety harnesses play a crucial role in ensuring the safety of climbers in indoor climbing gyms. As climbing gyms aim to provide a controlled and secure environment for climbers of various skill levels, participants are required to wear safety harnesses during their activities. These harnesses are designed to securely attach individuals to ropes, cables, or climbing systems, preventing falls and minimizing the risk of injury. The use of safety harnesses is a fundamental practice in climbing gyms, emphasizing the importance of participant safety. For instance, in March 2022, Gripped Magazine, a Canada-based climbing news publisher published an article according to which climbing continued to grow. There were 591 gyms in the US, and 136 in Canada in 2022 and the the total number of North American gyms grew over 700 in 2022. The growth rate of climbing gyms in the US hit 8.24%, exceeding the 5.41% growth that was seen in 2020. This is substantially more than the 2.3% growth rate of all fitness locations in 2022. Therefore, increase in the number of climbing gyms is driving the recreational safety harness market.
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.
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Major Key Players of the Market:
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.
Recreational Safety Harness Market 2024 Key Insights:
• 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 Surge In Climbing Sports Fuels The Recreational Safety Harness Market
• Guardianfall Partners With Twiceme Technology For Nfc-Integrated Fall Protection Harness With Hth Adaptation
• North America was the largest region in the recreational safety harness market in 2023
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