Bungee Cord Market Analysis & Forecast 2024-2030

Global Bungee Cord Market is expected to reach USD 1418.94 million by 2030 with CAGR of 6.1% between 2024 and 2030

A bungee cord is an electric cord, also known as a shock cord that is composed of one or more elastic cord forming a core. Today, bungee cords are used to secure objects without tying knots. Bungee cords have applications in areas like military, adventure sports, securing tarpaulins and many other applications. The emerging vogue of adventure sports among the youth is also increasing the demand for Bungee Cords. The global bungee cord market consists of small and large manufacturers and is pushed by local or global manufacturers. Since, bungee cords are flexible and mobile, a single bungee cord can be used for several purposes.  

A supreme factor driving the Bungee Cords Market is the quick growth of adventure games in developing countries. Since bungee cords are affordable and used as the most comfortable safety equipment, it is one of the first few products picked before venturing out on adventure sports. The easy portability of bungee cords and accessories has led to the high growth in the market as it can be kept in small spaces and used for multiple purposes. Attributing to the cost-effectiveness and the easy availability of bungee cords and accessories in the developing regions, the bungee cords and accessories have witnessed high growth in the market. The exposure of bungee jumping as a quickly growing adventure sporting game is a increasing trend in the Bungee Cords Market.  

The commercial bungee cords, rope and straps are generally cheaper and have endless uses. Bungee Cords will continue to be a primary material across various sectors in the future. Natural rubber has the drawback of having low defiance to air and ultraviolet radiations in sunlight, which is a pivotal restraint for the natural rubber-based bungee cords. Several regulations and authorizations imposed on adventure sports like bungee jumping also hampers the growth of the bungee cords and accessories market.  

The Global Bungee cord market is further segmented into heavy duty bungee cord and lightweight bungee cord. The major key players in global bungee cord market are: Hampton Products, Keeper, Strainrite, Rhino USA, Erickson, GLT Products, Nite Ize, Lynx Supply, and Recmar Products. On the basis of end-user/application side Global bungee cord market consists of Bungee jumping. The fundamental application areas of Bungee Cords Market are additionally added dependent on their operations and revenue generated annually. Bungee cords have been used to provide a flimsy deferral for aircraft bodies from before World War I, and are still used on a wide range in small home built aircraft where weight remains condemnatory. Bungee cords were also used in parachuting to abet in opening the old-style parachute container after the ripcord was tugged.  

On the basis of geographical condition Global Bungee Cords Market are divided into several regions including India, China, Japan, Europe, North America, and South-east Asia. Developed economies of North America and Europe have a huge number of important Bungee Cords companies due to high demand and high investment capabilities. Also, there is a rising vogue of adventure sporting among the peoples in North America, and Europe, which will provide wide range of opportunities for the Bungee Cords Market.  

Rapidly increasing adventure sports in the countries of Latin America and MEA will serve as the majority of the bungee cords and accessories demand in the region. Increasing urbanization, growing demand for adventure sports and rising youth population will provide rapid growth for bungee cords and accessories during the forecast period. Accordingly, North America and Europe are expected to account for a bigger market size for Bungee Cords Market while the Asia Pacific is pinned to experience higher growth in the Bungee Cords Market. Countries such as China and Japan are manufacturing Bungee.  

Global Bungee Cord Market: Product Type

• Heavy-duty bungee cord
• Lightweight bungee cord

Global Bungee Cord Market: Competitive Analysis

Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study constitutes of following key players in Global Bungee Cord Market :

• Hampton Products
• Keeper
• Strainrite
• Rhino USA
• Erickson
• GLT Products
• Nite Ize
• Lynx Supply
• Recmar Products

Geographical analysis of Global Bungee Cord Market :

• North America
  • U.S.A.
  • Canada
• Europe
  • France
  • Germany
  • Spain
  • UK
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South East Asia
• Latin America
  • Brazil
• Middle East and Africa

Global Bungee Cord Market Report delivers a comprehensive analysis of the following parameters:

• Market Forecast for 2024-2030
• Market growth drivers
• Challenges and Opportunities
• Emerging and Current market trends
• Market player Capacity, Production, Revenue (Value)
• Supply (Production), Consumption, Export, Import analysis
• End user/application Analysis

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