Climbing gym market size to grow by USD 4,185.74 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Jan. 17, 2023 /PRNewswire/ –The global climbing gym market size is estimated to increase by USD 4,185.74 million. The market’s growth momentum will accelerate at a CAGR of 12.5% during the forecast period, according to Technavio – Request a sample report

Technavio has announced its latest market research report titled Global Climbing Gym Market 2023-2027

Technavio has announced its latest market research report titled Global Climbing Gym Market 2023-2027

Global climbing gym market – Vendor analysis
Vendor offerings –

  • Boulderklub Kreuzberg GmbH – The company offers climbing gyms for adults and kids in Berlin.

  • Brooklyn Boulders LLC – The company offers climbing gyms for climbers, adventurers, and fitness lovers in the US.

  • CityROCK – The company offers climbing gyms for youth and adults in the US.

  • Climb So iLL – The company offers climbing gyms with group climbing and scout climbing in the US.

  • For details on vendors and their offerings – Buy the report!

Vendor landscape –

The global climbing gym market is fragmented, with the presence of both major vendors and small players operating across the market. A few prominent vendors that offer climbing gym in the market are 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 and others.

The major players in the market are focusing on marketing strategies that drive consumers’ demand using effective marketing activities. The promotional activities by suppliers and manufacturers boost sales. There is high competition among vendors to gain market shares based on product differentiation, pricing, product portfolios, and value-added services. Therefore, to survive and succeed in a stiff competitive environment, it becomes imperative for vendors in the market to differentiate their product and service offerings through a clear and unique value proposition.

Global climbing gym market – Customer Landscape
To help companies evaluate and develop growth strategies, the report outlines –

Global climbing gym market – Segmentation assessment

Segment overview
Technavio has segmented the market based on application (top-rope climbing, lead climbing, and bouldering) and type (indoor and outdoor).

  • The top-rope climbing segment will grow at a significant rate during the forecast period. Top-rope climbing, which is also known as top roping, is a form of rock climbing wherein the climber is securely fastened to a rope by a belayer at the bottom and an anchor system at the top. Top-rope climbing can be done indoors as well as outdoors. It is considered an extreme sport. Such factors will drive the segment’s growth during the forecast period.

Geography overview
Based on geography, the global climbing gym market is segmented into North America, Europe, APAC, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global climbing gym market.

  • North America is estimated to account for 36% of the growth of the global market during the forecast period. The US is the largest market for climbing gyms in the region, owing to factors such as the presence of a well-developed sports industry and the high prevalence of obesity and diabetes. Many people take part in sporting activities, including climbing, to remain fit and healthy. The participation rates in indoor and outdoor climbing have surged over the last few years owing to factors such as the presence of many indoor climbing gyms and outdoor climbing destinations, the emergence of interactive climbing walls, and the rise in the number of tourists. These factors will drive the regional market’s growth during the forecast period.

Download a sample report

Global climbing gym market – Market dynamics

Leading drivers – The increased popularity of outdoor sports is driving the market’s growth. Outdoor activities and sports are becoming popular worldwide. Climbing areas are very popular in North America and Europe and are also becoming common in developing regions such as Southeast Asia. Thus, the increased participation in outdoor activities, along with the opening of new artificial climbing and bouldering structures, is expected to boost market growth during the forecast period.

Key trends – The growing participation of women in climbing activities is a key trend in the market. The participation of women in climbing activities is increasing worldwide and gaining more attention. Hence, vendors in the global market are offering discounts to women to increase participation. The rapid expansion of climbing gyms and marketing strategies adopted by leading vendors are expected to further raise the participation of women in both indoor and outdoor climbing gyms. These factors will support the global market during the forecast period.

Major challenges – Risks of accidents and injuries associated with climbing activities are challenging the market’s growth. Rock climbing is considered a dangerous sport due to the risk of sports-related injuries. Bouldering accounts for a majority of all climbing-related accidents and injuries, with sprained ankles being the most common. Climbing activities can also cause other injuries such as knee sprains, neck injuries, ankle ligament sprains, fractures, groin strains, contusions, and shoulder dislocations. Thus, such factors will hinder the global market during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this climbing gym market report?

  • CAGR of the market during the forecast period

  • Detailed information on factors that will drive the growth of the climbing gym market between 2023 and 2027

  • Precise estimation of the size of the climbing gym market and its contribution to the market in focus on the parent market

  • Accurate predictions about upcoming trends and changes in consumer behavior

  • Growth of the climbing gym market across North America, Europe, APAC, South America, and Middle East and Africa

  • A thorough analysis of the market’s competitive landscape and detailed information about vendors

  • Comprehensive analysis of factors that will challenge the growth of climbing gym market vendors

Gain instant access to 17,000+ market research reports. 

Technavio’s SUBSCRIPTION platform

Related Reports:

The connected gym equipment market is estimated to grow at a CAGR of 28.15% between 2022 and 2027. The size of the market is forecasted to increase by USD 16,348.77 million. This report extensively covers market segmentation by end-user (residential and commercial), product (cardiovascular training equipment and strength training equipment), and geography (North America, Europe, APAC, Middle East and Africa, and South America).

The outdoor gym equipment market size is expected to increase by USD 687.37 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6.13%. This report extensively covers segmentation by application (public outdoor establishments and private outdoor establishments) and geography (North America, APAC, Europe, Middle East and Africa, and South America).

Climbing Gym Market Scope

Report Coverage

Details

Page number

153

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 12.5%

Market growth 2023-2027

USD 4,185.74 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 vendors, market positioning of vendors, 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, and market condition analysis for the 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.

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.

Browse for Technavio’s consumer discretionary market reports

Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Application

7 Market Segmentation by Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Vendor Landscape

12 Vendor Analysis

13 Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Global Climbing Gym Market 2023-2027

Global Climbing Gym Market 2023-2027

Cision

Cision

View original content to download multimedia:https://www.prnewswire.com/news-releases/climbing-gym-market-size-to-grow-by-usd-4-185-74-million-from-2022-to-2027-a-descriptive-analysis-of-customer-landscape-vendor-assessment-and-market-dynamics—technavio-301722233.html

SOURCE Technavio

Leave a Comment