Global Recreational Safety Harness Market 2017-2021

This market research study identifies CMC Rescue, PMI, and Yates Gear as the leading players in the global recreational safety harness market. A comprehensive analysis of this market is also presented by the end-user (commercial end-users and individual end-users) and by geography (the Americas, APAC, and EMEA).

Overview of the global recreational safety harness market

As per the Technavio’s market research report, the global recreational safety harness market is expected to grow at a steady rate and post a CAGR of more than 3% during the forecast period. The growing focus of vendors on enhancing the product comfort will drive the growth prospects for the global recreational safety harness market during the estimated period. Many vendors such as CMC Rescue, Yates Gear, and PMI are increasingly offering products that provide utmost comfort with reinforced protection while undertaking strenuous recreational sports activities. Also, the incorporation of equal weight distribution mechanism in these safety harnesses makes the harness lightweight, while, the addition of polar mesh padding keeps the back portion of the wearer's body cool. Similarly, camlock buckles in recreational safety harnesses enable quicker and efficient adjustments across the waist, whereas, leg and waist pads in climbing harness enhance the durability and comfort of the harness. Furthermore, the growing focus of vendors to comply with safety standards, reduce fatigue, and provide lumbar support to the wearer will also drive the market’s growth in the coming years.

The evolving design trends will further drive the growth prospects for the global recreational safety harness market during the projected period. The latest trend for technological advancements in safety harnesses is mainly focused on shock absorption, stress management, and the use of new lightweight materials and instruments to improve the functionality of the harness, which, in turn, will fuel the demand for these harnesses.

Competitive landscape and key vendors

The global recreational safety harness market is highly competitive due to the growing popularity of recreational sports activities across the globe. A large number of vendors are increasingly focusing on distinguishing their product and service offerings through a clear and unique value proposition to survive and succeed in this intensely competitive environment. Furthermore, these vendors are increasingly competing against each other based on factors such as performance, innovation in design and functionality, quality, compliance with key regulations, provision of support services, and cost.

Key vendors in this market are -

• CMC Rescue
• PMI
• Yates Gear

Other prominent vendors in the market include Black Diamond Equipment, Petzl, SKYLOTEC, Misty Mountains, and NEILPRYDE.

Segmentation by end-user and analysis of the recreational safety harness market

• Commercial end-users
• Individual end-users

The commercial end-user segment dominated the market during 2016 and its dominance is expected to continue until the end of 2021. The wide use of recreational safety harnesses by theme parks, sports parks, and other private recreational houses, which will be the major factor driving the growth of the market during the next four years.

Segmentation by geography and analysis of the recreational safety harness market

• Americas
• APAC
• EMEA

During 2016, the Americas was the leading contributor to the market and is expected to continue its dominance in the global recreational safety harness market during the forecast period. Factors such as the growth in the tourism industry, the rising interest in recreational sports activities, and the increasing number of health-conscious people, will fuel the growth of the recreational safety harness market in this region.

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 recreational safety harness market?
• What are the key market trends impacting the growth of the global recreational safety harness market?
• What are the challenges to market growth?
• Who are the key vendors in the global recreational safety harness market?
• What are the market opportunities and threats faced by the vendors in the global recreational safety harness market?
• What are the 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 recreational safety harness market?

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