The global bungee jumping equipment market is anticipated to grow at a CAGR of 4.8% during the forecast period (2022-2028). Bungee jumping equipment is the sporting equipment used in the air sport of bungee jumping. In this sport, a person is jumped from the great heights connected with an elastic cord. The major factor attributing to the growth of the global bungee jumping equipment market includes the increasing number of people doing bungee jumping and growing adventours parks across the globe. This is backed by various reasons include to forgot the fear of height, getting a mind-blowing view of the earth from a different angle, a sense of accomplishment, a boost in self-confidence, and many others. Thus, increasing the use of bungee jumping equipment.
Bungee jumping is an expensive adventure sport. The use of bungee jumping equipment is also increasing due to growing adventure tourism across the globe. According to an article published by the World Travel Trade Association (ATTA) in August 2021, the global adventure tourism industry generated around $112 billion in 2020. It is estimated that the global adventure tourism industry will generate $1,169.09 billion by 2028. Furthermore, the use of bungee jumping equipment is also increasing due to increased spending on this equipment by people interested in bungee jumping due to increasing adjusted net national income per capita across the globe resulting in increased purchasing power. According to the World Bank Data statistics, the net national income per capita has consistently increased over the last decade. The recorded adjusted net national income per capita increased from $7,246.71 in 2009 to $9,434.42 in 2019. Thus, contributing to the growth of the global bungee jumping equipment market.
Some major players in the market include Adrenaline Dreams Inc., Lahoti Polymers Pvt Ltd., Lexco Cable, VER Sales Inc., and Victorem Gear, among others. The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, According to the official website of Adrenaline Dreams, the best bungee jumping equipment in the market include GEAR Bungee Bumper Pad, Petzl Falcon Seat Harness, Petzl Voltige Chest Harness, and Others. Others include Petzl Astro Body Harness and Peguet Mailon Quick Link.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Product Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Adrenaline Dreams Inc., Lahoti Polymers Pvt Ltd., Lexco Cable, VER Sales Inc., Victorem Gear, among others.
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Global Bungee Jumping Equipment Market Report by Segment
By Product Type
- Bungee Cords
- Bungee Harnesses
- Helmets
- Knee Gaurds
- Others
By Application
- Commercial
- Personal
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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