Market Overview:
The global bungee shock cord market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing popularity of bungee jumping and other sports activities that use bungee cords as an essential equipment. Additionally, the growing demand for lightweight cords in comparison with heavy-duty cords is also propelling the growth of this market. Regionally, North America dominates the global bungee shock cord market, followed by Europe and Asia Pacific. The high adoption rate of these products for recreational activities such as bungee jumping is driving the growth of this regional segment.
Product Definition:
A bungee cord, also known as a shock cord, is an elastic band or rope made of rubber or other elastic material. Bungee cords are used to create resistance against movement and store energy. They are often used in sport equipment, such as in bungee jumping and water skiing.
Heavy Duty Cord:
Heavy-duty cord is a type of nylon fiber cable, which is used in Bungee Shock Cord (BSC) industry. It has high tensile strength and can withstand high impact forces. This cord finds its major application in the suspension of heavy loads such as tools, containers, automobiles and machinery among others from mechanical devices such as cranes and conveyor belts among others.
The global BSC market was valued at USD 1.5 billion in 2015.
Lightweight Cord:
Lightweight cord is also known as thin walled polyester or polyethylene. It has a lower breaking strain than steel cable and hence it is widely used in bungee jumping cords. Bungee shock cord made up of lightweight cord uses the principle of elasticity of this material which makes it an ideal choice for making bungee cords.
Application Insights:
Bungee jumping was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Bungee jumping has been gaining popularity as an extreme sport owing to its thrill-inducing experience. It is a form of recreational activity that involves participants leaping from high platforms, bridges or buildings with the aid of elastic cords called bungee cords. The act of bouncing up and down several times during free fall height creates a pleasurable shockwave experience for jumper as well as witnesses, which drives the demand for bungee cord worldwide.
The other sports segment accounted for 21% share in 2017 and is anticipated to grow at a significant rate over the forecast period due to rising participation rates across various countries including China, India, Australia & New Zealand among others. In addition, increasing focus on fitness & health along with growing concerns regarding personal safety are factors driving product demand globally in this application segment over the next few years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a considerable CAGR over the forecast period owing to increasing popularity of bungee jumping and other sports activities. In addition, growing use of these products for commercial applications such as providing security measures at high rise buildings is anticipated to drive the regional demand.
Europe accounted for a significant share in terms of revenue and volume due to presence of prominent manufacturers including Aksar- Bungy International Pte Ltd., UK, Kobi- elastic cord Inc., France, and SGS SA Switzerland among others. These companies are engaged in R&D activities aimed at development of innovative bungee products that not only meet but also exceed customer requirements thereby contributing significantly towards regional growth.
Growth Factors:
- Increasing demand for bungee cords in the automotive and aerospace industries for manufacturing purpose
- Growing popularity of bungee cords as a fitness equipment
- Rising use of bungee cords in the shipping and packaging industry
- Increasing demand for custom-made bungee cords from end-users
- Technological advancements in the production of bungee cords
Scope Of The Report
Report Attributes
Report Details
Report Title
Bungee Shock Cord Market Research Report
By Type
Heavy Duty Cord, Lightweight Cord,
By Application
Bungee Jumping, Other Sports,
By Companies
Hampton Products, Strainrite, Rhino USA, Erickson, GLT Products, Nite Ize, Recmar Products, Kotap, Spidertarp, Reese/Horizon Global Corporation, Huang Buffalo Co., Ltd, Master Lock Company LLC, Starling's, FORTEM, Strapright, Bihlerflex, Better Bungee
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global Bungee Shock Cord Market Report Segments:
The global Bungee Shock Cord market is segmented on the basis of:
Types
Heavy Duty Cord, Lightweight Cord,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Bungee Jumping, Other Sports,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hampton Products
- Strainrite
- Rhino USA
- Erickson
- GLT Products
- Nite Ize
- Recmar Products
- Kotap
- Spidertarp
- Reese/Horizon Global Corporation
- Huang Buffalo Co., Ltd
- Master Lock Company LLC
- Starling's
- FORTEM
- Strapright
- Bihlerflex
- Better Bungee
Highlights of The Bungee Shock Cord Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heavy Duty Cord
- Lightweight Cord
- By Application:
- Bungee Jumping
- Other Sports
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bungee Shock Cord Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bungee shock cord is a type of cord used to secure objects together. It consists of a thin, elastic band with two or more hooks at one end and a loop at the other. When pulled tight, the band causes the hooks to close around the object, preventing it from moving.
Some of the major companies in the bungee shock cord market are Hampton Products, Strainrite, Rhino USA, Erickson, GLT Products, Nite Ize, Recmar Products, Kotap, Spidertarp, Reese/Horizon Global Corporation, Huang Buffalo Co., Ltd, Master Lock Company LLC, Starling's, FORTEM, Strapright, Bihlerflex, Better Bungee.
The bungee shock cord market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bungee Shock Cord Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bungee Shock Cord Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bungee Shock Cord Market - Supply Chain
4.5. Global Bungee Shock Cord Market Forecast
4.5.1. Bungee Shock Cord Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bungee Shock Cord Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bungee Shock Cord Market Absolute $ Opportunity
5. Global Bungee Shock Cord Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bungee Shock Cord Market Size and Volume Forecast by Type
5.3.1. Heavy Duty Cord
5.3.2. Lightweight Cord
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bungee Shock Cord Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bungee Shock Cord Market Size and Volume Forecast by Application
6.3.1. Bungee Jumping
6.3.2. Other Sports
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bungee Shock Cord Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bungee Shock Cord Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bungee Shock Cord Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bungee Shock Cord Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bungee Shock Cord Demand Share Forecast, 2019-2026
9. North America Bungee Shock Cord Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bungee Shock Cord Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bungee Shock Cord Market Size and Volume Forecast by Application
9.4.1. Bungee Jumping
9.4.2. Other Sports
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bungee Shock Cord Market Size and Volume Forecast by Type
9.7.1. Heavy Duty Cord
9.7.2. Lightweight Cord
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bungee Shock Cord Demand Share Forecast, 2019-2026
10. Latin America Bungee Shock Cord Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bungee Shock Cord Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bungee Shock Cord Market Size and Volume Forecast by Application
10.4.1. Bungee Jumping
10.4.2. Other Sports
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bungee Shock Cord Market Size and Volume Forecast by Type
10.7.1. Heavy Duty Cord
10.7.2. Lightweight Cord
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bungee Shock Cord Demand Share Forecast, 2019-2026
11. Europe Bungee Shock Cord Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bungee Shock Cord Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bungee Shock Cord Market Size and Volume Forecast by Application
11.4.1. Bungee Jumping
11.4.2. Other Sports
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bungee Shock Cord Market Size and Volume Forecast by Type
11.7.1. Heavy Duty Cord
11.7.2. Lightweight Cord
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.101. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bungee Shock Cord Demand Share, 2019-2026
12. Asia Pacific Bungee Shock Cord Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bungee Shock Cord Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bungee Shock Cord Market Size and Volume Forecast by Application
12.4.1. Bungee Jumping
12.4.2. Other Sports
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bungee Shock Cord Market Size and Volume Forecast by Type
12.7.1. Heavy Duty Cord
12.7.2. Lightweight Cord
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bungee Shock Cord Demand Share, 2019-2026
13. Middle East & Africa Bungee Shock Cord Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bungee Shock Cord Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bungee Shock Cord Market Size and Volume Forecast by Application
13.4.1. Bungee Jumping
13.4.2. Other Sports
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bungee Shock Cord Market Size and Volume Forecast by Type
13.7.1. Heavy Duty Cord
13.7.2. Lightweight Cord
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bungee Shock Cord Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bungee Shock Cord Market: Market Share Analysis
14.2. Bungee Shock Cord Distributors and Customers
14.3. Bungee Shock Cord Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Hampton Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Strainrite
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rhino USA
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Erickson
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. GLT Products
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Nite Ize
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Recmar Products
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Kotap
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Spidertarp
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Reese/Horizon Global Corporation
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Huang Buffalo Co., Ltd
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Master Lock Company LLC
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Starling's
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. FORTEM
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Strapright
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Bihlerflex
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Better Bungee
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
