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The Global Climbing Gym Market size is estimated to increase by USD 4.19 billion exhibiting a positive CAGR of 12.5% between 2023 and 2027.
Our report offers an in-depth analysis of market drivers, trends, opportunities, challenges, and restraints, with segmentation by Application (top-rope climbing, lead climbing, and bouldering), Type (indoor and outdoor), and Geography (North America, Europe, APAC, South America, and Middle East and Africa) and geography North America, Europe, APAC, South America, and Middle East and Africa. Additionally, Technavio provides valuable insights through value chain analysis, parent market analysis, Porter’s Five analysis, vendor analysis, and COVID-19 impact data. The report also includes a thorough analysis of historical market data from 2017 to 2022.
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In 2020-2021, COVID-19 hindered the growth of major industries like manufacturing and transportation. Despite this, there was a resurgence in travel and fitness activities in the first half of 2021 due to eased restrictions and mass vaccinations. This revival, coupled with the market's innovative equipment offerings, is expected to drive the climbing gym industry in the region.
Furthermore, climbing gyms now feature cutting-edge equipment from various vendors. Major factors boosting the market growth include the growing emphasis on health, government efforts promoting fitness, and the imperative to combat rising obesity rates and associated health issues. For instance, as per the State of Obesity, 2021 report adult obesity exceeded 35% in sixteen US states in 2020. These findings underscore how the COVID-19 pandemic exacerbated food insecurity, restricted physical activity, and heightened stress, contributing to the persistent obesity trend in North America. Obesity rates vary significantly across US states; Mississippi recorded the highest rate at 39.7% in 2020, followed by West Virginia at 39.1%, and Alabama at 39%. These patterns are anticipated to drive market growth in the specified period.
The increased popularity of outdoor sports is a key factor driving the climbing gym market. Outdoor recreational pursuits, including outdoor climbing, are experiencing global popularity. These climbing facilities are prevalent in North America and Europe and are gradually becoming common in developing regions, like Southeast Asia.
In recent years, significant outdoor spaces, such as parks and green areas, have seen a rise in the installation of bouldering structures for climbing. This initiative aims to promote public health, combat child obesity, and counter the sedentary lifestyle trend. As more people engage in outdoor recreational activities and new artificial climbing structures are introduced in prominent outdoor locations, market growth is expected to continue during the forecast period.
The inclusion of climbing events in the Olympics is one of the popular climbing gym market trends. The inclusion of sport climbing in the 2020 Tokyo Olympics has generated significant interest among climbers. This Olympic addition covers three key climbing disciplines: speed climbing, indoor bouldering, and indoor lead climbing.
This milestone has led to a notable surge in the global commercial climbing gym industry. For instance, in 2018, nearly 50 commercial gyms opened in the US, primarily in California. Smaller states like Tennessee and Virginia also saw an increase in climbing gyms. China's climbing market has been positively influenced by Olympic recognition. This Olympic debut is expected to drive future growth in climbing gyms, boosting enthusiasm and participation in climbing activities worldwide. Consequently, the inclusion of climbing in the Olympics will further propel the global climbing gym market's growth in the coming years.
Lack of awareness and market penetration in developing countries is a key challenge hindering the growth of the market. Advanced climbing gyms are prevalent in developed nations but are scarce in developing countries, especially in Tier-2 and Tier-3 cities. Challenges include a lack of awareness about the latest climbing products and a shortage of qualified trainers. Price sensitivity is a major issue in these regions, where traditional sports often take precedence due to the lack of infrastructure for high-tech climbing gyms, potentially impeding the global climbing gym market's growth.
In the Asia-Pacific and Eastern Europe, vendors face difficulties due to people's limited knowledge of climbing products and technology. While China and Japan offer potential as emerging markets, many other developing nations lack the infrastructure and awareness required for climbing gyms. Therefore, educating the public about the health benefits of climbing is crucial before entering these markets.
The market share growth by the top-rope climbing segment will be significant during the forecast period. Top-rope climbing, often known as top roping, is a form of rock climbing in which the climber is securely fastened to a rope by a belayer at the bottom and an anchor system at the top.
Climbing Gym Market
By Application Segment
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The top-rope climbing segment was valued at USD 1.26 billion in 2017 and continued to grow until 2021. Top-rope climbing has gone from something done by only a select few to an activity enjoyed by a large number of people as a workout, sport, or recreational activity. Top-rope climbing can be done indoors as well as outdoors. It continues to mature during the forecast period. This growth has tended to be along the lines of making the sport more accessible to the common people in the climbing gyms. For example, climbing equipment has improved over the decades to allow a much greater degree of climbing safety. The appeal of top-rope climbing is that it is considered an extreme sport. Hence, such factors are driving the segment's growth during the forecast period.
North America is estimated to contribute 36% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Climbing Gym Market
By North America
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North America, particularly the United States, holds the leading position in the climbing gym market. This dominance can be attributed to several factors, including a well-developed sports industry and the high prevalence of conditions like obesity and diabetes, which drive many individuals to engage in sporting activities such as climbing to maintain their health and fitness. Participation rates in both indoor and outdoor climbing have experienced significant growth in recent years. The availability of numerous indoor climbing gyms, outdoor climbing destinations, interactive climbing walls, and the influx of tourists contribute to this surge. North America is a popular destination for adventure sports, including climbing, with both locals and tourists participating. In 2020, over 900 individuals in the US alone tried climbing for the first time, and more than 60% of indoor climbers aspire to venture into outdoor climbing.
The COVID-19 pandemic disrupted daily routines, including fitness activities, but the importance of a healthy lifestyle has grown. Americans are increasingly health-conscious, and the rise of boutique fitness has further fueled their enthusiasm. Health clubs and boutique fitness studios offer a means to reduce stress, engage in physical activity, socialize, and enhance overall well-being, while also providing a change of environment and additional motivation to achieve fitness goals.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
The climbing gym market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Climbing Gym Market Scope |
|
Report Coverage |
Details |
Page number |
153 |
Base year |
2022 |
Historic period |
2018 - 2022 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 12.5% |
Market growth 2023-2027 |
USD 4185.74 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
12.0 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 36% |
Key countries |
US, China, Japan, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Boulderklub Kreuzberg GmbH, Brooklyn Boulders LLC, CityROCK, Climb So iLL, Glasgow Climbing Centre, Go Nature H.K. Ltd., High Point, Latitude Climbing LLC, Momentum Indoor Climbing, Movement, Sender One Climbing LLC, Sputnik Climbing SL, The Castle Climbing Centre, The Cliffs, The Gravity Vault Indoor Rock Gyms, Uprising Climbing Walls Ltd., Vertical Endeavors, Vertical World Inc., Climbing Centre Group Ltd., and Sharma Climbing SL |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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