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Global Bungee Cord Market is estimated to reach USD 1188.01 million by 2027, growing at a CAGR of 6.1 % between 2019 and 2027
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 and appurtenance. 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 and appurtenance market. The commercial bungee cords, rope and straps are generally cheaper and have endless uses. Bungee cords and appurtenance 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 and appurtenance 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 and appurtenance 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 and appurtenance market while the Asia Pacific is pinned to experience higher growth in the Bungee cords and appurtenance market. Countries such as China and Japan are manufacturing Bungee.
Global Bungee Cord Market: Product Type
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 :
Geographical analysis of Global Bungee Cord Market :
Global Bungee Cord Market Report delivers comprehensive analysis of :
Base Year Value (2022)
USD 832.78 million
Forecast Value (2029)
USD 1260.485848 million
CAGR (2022 to 2028)
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW
Bungee Cord Market was valued at around USD 832.78 million in 2022 & estimated to reach USD 1260.485848 million by 2029.
Bungee Cord Market is likely to grow at compounded annual growth rate (CAGR) of 6.1% between 2023 to 2029.
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