Global Bungee Jumping Equipment Market 2017-2021
About Bungee Jumping Equipment
Bungee jumping is an extreme adventure sport. In this, a jumper does a free fall from a fixed tall structure like a cliff, bridge, or crane, as well as from a stationary hot-air balloon or helicopter, with the help of a harness and a rubber cord (commonly known as a bungee cord) attached to the body. The jumper bounces back to some extent when the bungee cord rebounds its maximum stretch, and continues to fly up and down until all the kinetic energy is dissipated.
Technavio’s analysts forecast the global bungee jumping equipment market to grow at a CAGR of 6.09% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global bungee jumping equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated through the retail sales of different types bungee jumping equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Bungee Jumping Equipment Market 2017-2021
Technavio recognizes the following companies as the key players in the global bungee jumping equipment market: Adrenalin Dreams, Cobra Rope, Lexco Cable, and VER Sales.
Other Prominent Vendors in the market are: Novabraid, Sailrite, Taraflex, and Victorem.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is increase in adventure sports for fundraising purposes. With people getting attracted to fund-raising events for civic or health issues, many industries are coming up with several ideas to raise funds for a noble cause through sports activities. One of those adventure sports is nude bungee jumping where nude bungee jumping is done to raise funds for mental health. Many adventure sports enthusiasts are taking up this challenge for the noble cause. Spectators are not allowed to enter the premises with their cameras or recording devices. To protect the privacy of participants, proper steps are taken. However, participants can get the pictures from professional photographers, if they wish to.”
According to the report, one of the major drivers for this market is Greater emphasis on training programs. There is an increase in bungee jumping training programs to boost people's awareness, to pique their curiosity to try the sport once, and to generate more bungee experts as jump masters. Adrenalin Dreams provides jump crews the required expertise for safe and efficient operations at bungee jumping sites through its Adrenalin Dreams Bungee Safety and Operations Training. The methods and techniques used in its training programs are prescribed by the Pennsylvania State Government Bungee Jumping Regulations and the New Zealand Bureau of Bungee Jumping Standards. The safety procedures covered in training programs abide by the US Occupational Safety and Health Administration (OSHA) and the National Fire Protection Association (NFPA).
Further, the report states that one of the major factors hindering the growth of this market is Severe injuries and accidents associated with bungee jumping. Though bungee jumping gives great thrills, boosts adrenalin, and helps conquer fear, it can also result in grave injuries and accidents. After the free fall, the bouncing back happens with a sudden and great force, which does not occur normally in nature. The push due to extreme force and dangling from a cord can lead to severe injuries in the eyes, spine, and neck, and in some cases, death. A bad jump may also lead to several accidents. Additionally, a long bungee cord may result in death. For instance, in Brazil, a man bungee jumped to death in 2016 because the bungee rope was too long. Instead of bouncing back, he hit the ground and died.
Adrenalin Dreams, Cobra Rope, Lexco Cable, VER Sales, Novabraid, Sailrite, Taraflex, and Victorem.
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