Global Bungee Jumping Equipment Market 2017-2021

Overview of the global bungee jumping equipment market

Market research analysts at Technavio predict that the global bungee jumping equipment market will grow steadily at a CAGR of more than 6% by 2021. This market research analysis identifies the rise of adrenaline boosting extreme sports activities as one of the primary growth factors for this market. The consumers are increasingly preferring extreme sports activities such as bungee jumping as they proclaim these adrenalin-boosting activities are the best way to de-stress. The activities encourage the rising number of enthusiasts to join in these activities due to their various mental and physical benefits. The growing urbanization is also influencing the high demand for heritage, nature-based, culture-based, and outdoor adventure activities.

The rising awareness and popularity of fund-raising events for various civic or health issues has resulted in the usage of sport activities as a fundraiser event for noble causes. Nude bungee jumping is one of the latest trends to raise funds for mental health. The privacy of the participants is protected securely. This event is conducted in collaboration with British Columbia Schizophrenia Societies (BCSS) that donate the proceeds towards patients suffering from mental health through various means. This market analysis identifies the increase in adventure sports activities for fundraising purposes as one of the key trends behind the growth of the bungee jumping equipment market. 

Competitive landscape and key vendors

The bungee jumping equipment market is concentrated due to the presence of few established vendors who compete based on factors such as price, quality, brand, and variety. The bungee rope manufacturers are highly focused on product differentiation and innovation and they engage in various marketing strategies to expand their market share. To sustain the competition and increase their market shares, the vendors in the bungee cord market are investing heavily in R&D activities and are also focusing on launching new products.

The leading vendors in the market are -

• Adrenaline Dreams
• Cobra Rope
• Lexco Cable
• VER Sales

The other prominent vendors in the market are Novabraid, Sailrite, Taraflex, and Victorem.

Segmentation by product type and analysis of the bungee jumping equipment market

• Harnesses
• Bungee Cords

The harness is the most integral equipment for performing this activity and the harnesses segment will be the major revenue and demand contributor to the bungee cord market throughout the forecast period. This will mainly attribute to the technological innovations in harnesses and the availability of several varieties of harnesses.

Geographical segmentation and analysis of the bungee jumping equipment market

• Americas
• APAC
• EMEA

EMEA will be the major revenue contributor to the bungee cord market. Europe is a thriving tourist destination with a rising participation in outdoor adventure activities, infrastructure development, and the adoption of advanced technologies. Factors such as the rise in disposable incomes of the consumer and the increasing number of working women in this region, contribute to the growth of the bungee jumping equipment market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global bungee jumping equipment market?
• What are the key market trends impacting the growth of the global bungee jumping equipment market?
• What are the challenges to market growth?
• Who are the key vendors in the global bungee jumping equipment market?
• What are the market opportunities and threats faced by the vendors in the global bungee jumping equipment market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global bungee jumping equipment market?

Technavio also offers customization on reports based on specific client requirement.

Bungee jumping is an outdoor sports activity that involves jumping off a tall structure while being connected to a large elastic cord. The tall structure is usually a fixed object, but it is also possible to jump from a movable object such as a hot-air-balloon or helicopter, which has the ability to hover above the ground. This upcoming market research report on the bungee jumping equipment market is an integral part of Technavio's new research area portfolio and offers key insights into the market space for outdoor sports equipment sector. Technavio's insightful market research reports also offer insights on the market size, forecast, trends, and industry analysis to help clients build effective growth strategies.

Additionally, this market research report on the bungee jumping equipment market also takes into account the growth of related markets like hard adventure sports equipment market and sports protective equipment market, which are anticipated to post an impressive CAGR of over 2% and close to 3%, respectively during the forecast period. According to our analysts, the rapid rise in the popularity of adventure sports is expected to influence the preference for activities such as bungee jumping. Moreover, this industry research report also covers vendors like Adrenalin Dreams, Protec, and Whistler Bungee.

Furthermore, by implementing an extensive research approach of quantitative and qualitative data collection methods and assessing the changing demand-supply landscape of the sports equipment sector, the upcoming market research report on the bungee jumping equipment market offers insights into the key market drivers, trends, and eminent challenges that will influence the growth of the key suppliers in this market space.

The upcoming industry report on the bungee jumping equipment market also offers insights into fast-growing segments within the consumer and retail industry, including sectors like general retail goods and services and retail systems. Additionally, this research report also presents insights into the changing competitive landscape and gives clients a holistic picture of the industry.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.