Bicycle Parking Racks Market Showcases Future Status of Prime Manufacturers

A bicycle parking rack, widely known as bike rack and bicycle stand, is a device which is used for parking bicycles. Bicycles are attached to these racks for safe and secure parking. A bike rack can be free standing or can be safely attached to the ground or to some stationary object such as a building.

Fact.MR published an exclusive forecast report for the bicycle parking rack market between 2018 and 2026. The foremost objective of this report on bicycle parking rack market is pitch spearhead insights on market scenario, demand generators, and technological advancements in bicycle parking rack market. Also, the study on bicycle parking rack market addresses key dynamics, which are expected to diversify the sales and future prominence of bicycle parking rack market.

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‘Biking for Health’ Trend Creating Significant Opportunities

The prospects of bicycle parking rack market are directly related to the broader trends concerning overall interest in bicycling. Positive public perception on taking up bicycling as an activity, combined with growing carbon consciousness about reducing the use of automobiles are broader developments influencing the bicycle parking rack market.

Governmental initiatives to revitalize the bicycle infrastructure to create an emission-free ecosystem has also led to significant opportunities for stakeholders in the bicycle parking rack ecosystem. Several countries such as Denmark, Netherlands and Germany are proactively contributing to establish a green ecosystem by making cycling safe and comfortable. Governmental bodies are incentivizing people using bicycles and offering extensive bicycle parking solutions.

Customer Preference for Technologically Advanced, Value-for-money Bike Parking Racks Growing

The adoption of technologically-advanced, value-for-money bike parking racks is continues to witness steady increase. With cyclists seeking better parking solutions, integration of digital security systems. Institutions such as schools, universities, and offices are promoting use of bicycles among their employees. In a bid to eliminate the risk of thefts, manufacturers are making efforts to provide advanced solutions armed with security alarms and camera surveillance.  Apart from manufacturers, governments across various regions are proactively participating in a bid to tackle theft issues.

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‘Shared Bikes’: An Evolving Trend that’s Likely to Create Ample Opportunities

With shared bikes evolving as the latest trend facilitating public commute, companies offering bike sharing solutions are vying to expand across multiple regions. Ofo and Mobike, the two biggest bike-share operators of China, are planning to expand across more than 200 cities by the end of 2018. Having said that, Reckless parking of shared bikes has turned up as one of the major concerns evoking high demand for bicycle parking racks. Reckless parking has led to issues with distribution of bikes and blocking of public spaces, which has persuaded town councils to include parking racks as an imperative in their bicycle sharing schemes.

Bike Racks for Corporate Branding: An Investment with a Significant Impact

Psychology states that customers tend to quickly draw metaphors from physical cues of a brand or business, which further encourages the customers to come up with specific conclusions. With reference to this, several businesses have started making bicycle parking racks a brand addition adding to their aesthetics. Requirements from businesses for underlining a well-constructed corporate brand is spurring revenues of bicycle parking rack market. Both small and large businesses across the world are evolving as demand generators in bicycle parking rack market for displaying a signature of engagement and goodwill.

Competition Dashboard

Efforts are being made by manufacturers in bicycle parking rack market to expand with strategic interventions including promising ventures, revamps in production and marketing framework, introduction of enhanced product portfolio and technological breakthroughs in bicycle parking rack market. Some of the key players operating in bicycle parking rack market include Bikeep Inc., Cycle-Works Ltd., Dero Bike Racks Inc., Falco BV Ltd., Forms and Surfaces Inc., Graber Manufacturing Inc., Ground Control Systems, Leda Security Products Pty Ltd., Reliance Foundry Co. Ltd., Saris Cycling Group Inc., and Urban Bicycle Parking Systems Inc.

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Functional Fitness Equipment Market to Pave Path for Augmented Revenue during the Period

As the fitness industry continues to consolidate and mature, with prominent fitness equipment manufacturers vying for dais positions, functional fitness training equipment is bid to gain increased traction in the forthcoming years. With continuous rise in the obesity and cardiovascular disease epidemic, functional training – a latest trend in the fitness industry – is likely to play an integral role in improving health of individuals, alongside increasing awareness about following healthy lifestyle.

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Various non-profit organizations, such as the USA Functional Fitness (USAFF) have been focusing on the promotion of functional training via spreading awareness on its inherent benefits through championship initiatives. This has spurred the participation rate in fitness activities, with premium fitness centers such as Gold’s Gym incorporating functional fitness activities in their workout regimes. The growth of the functional fitness equipment market will significantly remain influenced by the aforementioned instances.

A recent Fact.MR report foresees the functional fitness equipment market to present an impressive growth during the period of forecast (2018-2028). With Millennials increasingly driving the consumer spending, offering services appealing to their values is being considered crucial among industrial sectors, and the fitness industry is no exception. A recent survey has found over four-fifth percentile of Millennial population adhere to daily exercise, as opposed to that of just above three-fifth of Baby Boomers.

For Millennials, health & wellness is an active, daily pursuit, with their focus being robust with regard to exercise, and healthy diet. This generation is smoking less than its predecessors. Fitness is one area where Millennials are willing to spend more on compelling brands. In addition, the trend of functional training is highly underpinned by the Millennials. Nevertheless, other demographic segments are not being neglected, when it comes to development of functional fitness equipment, as the actively-aging Baby Boomers population is also deemed as a lucrative area for growth.

Functional Fitness Equipment Market: Bars & Plates and Kettlebells & Dumbbells Remain Sought-After

Bars & plates seek extensive adoption among enthusiasts that indulge in dynamic lifts, including snatches and cleans, particularly with heavy weight loads and high reps. Although most athletes prefer standard-sized bars, some feature ones with smaller diameter. Smaller diameter bars particularly seek used among the female fitness enthusiasts, of whom participation rates have witness significant proliferation in the recent past.

Functional training workout activities frequently feature plates of 65 lbs for women and 95 lbs for men, which has driven the demand for these bars & plates variants. Bars & plates are likely to remain sought-after among end-users of functional fitness equipment, with kettlebells & dumbbells following the suit. With rising traction of progressive kettlebell & dumbbells workouts, these functional fitness equipment are witnessing huge demand as they serve the purpose of adding weight to the exercise movement patterns.

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Functional Fitness Equipment Market: Rowing Machine to Present Fastest Revenue Generation while Gaining Traction as “The New Spinning”

Rowing machine has recently witnessed a rise in popularity as a combination machine, which combines cardiovascular elements and muscle building resistance. Easy-on-joints and low impact attributes of rowing machines have led their interest among older fitness enthusiasts. This humble rowing machine that long gathered dust in corners of gyms, has been experiencing a renaissance over the recent past, being dubbed as “the new spinning”.

The report envisages fastest revenue growth for rowing machines through the forecast period. While indoor rowing machine is likened to the equipment that ply their trade on water, past few years have demonstrated rowing machine’s popularity surge as an alternative to static bikes and treadmills in gyms. This will significantly impact growth of the functional fitness equipment market in the long run.

Functional Fitness Equipment Market: Growth Remains Confined by Lower Translation of Health Awareness into Require Action in Emerging Economies

Although increased efforts are being health organizations and medical institutes to spread awareness on leading healthier lifestyle, a significant chunk of population is observed to be irregular w.r.t their consumption patterns and fitness activities. For example, nearly three-fourth population in India fail to exercise, with approximately two-third of them not monitoring their diet.

Such unawareness and ignorance toward health among populations in emerging economies and underdeveloped nations will continue to inhibit demand for fitness equipment, thereby curbing growth of the functional fitness equipment market. Additionally, high reluctance among amateurs with regard to purchasing functional fitness equipment on account of their high cost, compared to the regular gym equipment, will continue to be a key growth deterrent for the functional fitness equipment market in the near future.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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Pole Vault Equipment Market: Increased Demand Expected to Soar Revenue during Forecast Period

Inclusion of pole vaulting in various tournaments, Olympics and Commonwealth Games has demanded use of quality pole vault equipment, which continues to drive the sale of pole vault equipment, in turn pushing the growth of the pole vault equipment market. In addition, with stringent regulations laid by pole vault associations apropos of appropriate specifications of various pole vault equipment such as vaulting pole material hardness and strength, vault box, and other landing equipment including platform length, landing accessories and vault pit, with a view to increase the safety quotient has presented potential opportunities for manufacturers of pole vault equipment to provide effective products. This factor is expected to further support the growth of the pole vault equipment market in the forthcoming years.

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FactMR has recently drafted a new research report on pole vault equipment market that covers statistics reflecting growth projections with respect to demand of pole vault equipment across key regional markets. According to this study, the pole vault equipment market is projected to expand at a steady rate throughout the period of forecast, 2018-2028. The volume sales of pole vault equipment continues to remain concentrated in the developed regions of North America and Europe. Albeit gaining high popularity in developed regions, pole vaulting a game has witnessed low acceptance in other regions in the world, which has indirectly impacted the demand for pole vault equipment and its market.

Pole Vault Equipment Market: Inflatable Pole Vault Pit – A Novelty

Private clubs, colleges and schools are key end users of pole vault equipment, including pole vault pits. Manufacturers of pole vault equipment are striving to cater to growing demands of these end users by enhancing their production capacities and developing enhanced pole vault equipment. Besides developments in material of pole vault equipment, manufacturers have come up with inflatable pole vault pits that facilitate uniqueness in landing system. The inflatable pole vault pits resolve the issue of using traditional foam. Moreover, they also provide vaulters with flexible landing system as well as enhance their results. In addition, inflatable pole vault pit can be stored in any metal container in any weather. This feature of performance enhancement coupled with safety is likely to raise the demand for inflatable pole vault pits, in turn pushing the growth of the pole vault equipment market in the years to follow.

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Pole Vault Equipment Market: Catastrophic Injuries to Confine Growth

Pole vault equipment market is largely impacted with the injuries associated with the sport, with the decreasing participation in pole vaulting. It is considered as the third most difficult sport across the globe with the risk of injuries increasing with increase in height. With height with 20 feet or over, vaulters are exposed to increased risk of physical damage such as ligament tear and bone damage. Specifically occurring during training sessions, such damages have induced a sense of reluctance among athletes to pursue the sport, in turn negatively impacting the demand for pole vault equipment. Moreover, in some cases injuries occur due to cracking of poles leading to severe physical damages. The physically demanding and highly challenging nature of pole vault sport is expected to impede the growth of the pole vault equipment market during the assessment period.

Pole Vault Equipment Market: Fewer Developments Limiting Scope of the Sport

Since the past few years, there have been fewer advancements in pole vault equipment including pole material. The pole material shifted from bamboo material to aluminum and ultimately to fiberglass material. Albeit manufacturers of pole vault equipment introducing novel introductions such as inflatable pits, further innovations in material design have not yet been researched upon, limiting the development scope. That said, the pole vault equipment market is expected to grow at a meek pace during the period of assessment.

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Cycling Apparel Status & Revenue Forecast Recorded during Forecast Period

Gradually progressing cycling industry coupled with significant growth of sports apparel industry continue to remain instrumental in influencing the demand of cycling apparel worldwide. In addition, the cycling apparel market growth is pushed by the increasing preference for cycling, given the inherent health benefits of this sport. For instance, in United States demand for cycling quadrupled in the past few years, reveals World Bank analysis. Albeit wide adoption among low income groups of people, cycling has also proliferated across medium and high income classes, mainly driven by personal liking and preference for sustainable awareness. This has largely propelled the adoption of cycling apparel, in turn driving growth of cycling apparel market.

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Considering all odds, FactMR has drafted a new research report on cycling apparel market that projects the demand and adoption scenario of cycling apparel across major countries worldwide. The report projects that the cycling apparel market is expected to rise at a moderate pace during the period of forecast, 2018-2028. The cycling apparel market report reveals that the sales of cycling apparel are expected to remain concentrated in developed nations of North America and Europe, while on the other hand, Asia Pacific excluding Japan (APEJ) region is expected to reflect significant growth potential apropos of cycling apparel demand.

In consonant with consumer demand for cycling apparel, manufacturers are introducing a wide range of novel cycling apparel to gain customer loyalty towards the respective cycling apparel brand as well as higher visibility among untapped customer base. In addition, manufacturers of cycling apparel are adopting omnichannel approach for distribution of cycling apparel as they touch base with dealers, vendors and third party suppliers to provide a seamless experience to customers preferring cycling apparel.

Cycling Apparel Market: Looked Upon as Sustainable Transport

With growing concerns regarding environment protection against greenhouse emissions, EPA has been striving to regulate the carbon dioxide emissions from vehicles in a bid to improve environment health. That said, cycling being a socially, environmentally and economically sustainable activity, it promotes environment health along with physical health. Albeit being a feasible means of transport, accidents are prone to occur that can induce a level of reluctance among cyclists. This has promoted cycling safety by mandating use of gears such as cycling apparel. With cycling gaining higher significance as a sustainable transport mode, the demand for cycling apparel is likely to witness steady rise during the period of forecast, thus fuelling growth of cycling apparel market.

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Cycling Apparel Market: Design Innovations to Favor Momentum

The cycling apparel market is highly unorganized as market comprises a large percentage of small players spread worldwide. With growing popularity of cycling, manufacturers of cycling apparel competing in the international market are focusing on collaborative efforts with a view to organize the supply chain of the cycling apparel industry as well as advancements in cycling apparel that enhance comfort and usability. Ford has introduced cycling jacket that is a smart cycling apparel which has sleeves that light up to guide the rider on road. Such design innovations are expected to spur the demand for cycling apparel in turn favoring momentum of cycling apparel market during the forecast period.

Cycling Apparel Market: Growing Cyclist Death to Induce Sense of Reluctance

Increasing number of cyclist deaths has induced a sense of reluctance among people which is likely to hamper the growth of cycling apparel market. Albeit a higher percentage of population preferring cycling, road accident factor is likely to reduce the count in the coming years, which can impede the use of cycling apparel. According to Governor’s Highway Safety Association (GHSA), deaths among cyclist due to road accidents is increasing by 12.2 percent per year. This coupled with automobile development is likely to create challenges for cycling activates, in turn hindering adoption of cycling apparel.

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Fishing Hooks Market to Garner Brimming Revenues by 2028

Fishing hooks continue to witness lucrative opportunities across countries on the backdrop of increasing number of fishing anglers worldwide. Moreover, growth in recreational fishing sport sector has influenced the adoption of fishing hooks owing to increasing demand for high strength fishing hooks from anglers. This has encouraged manufacturers to adopt high carbon steel hooks. The trending convergence of circle hooks type which has more adoption rate, is further anticipated to create remunerative growth opportunities for the fishing hooks market.

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Recreational fishing activities has impacted the fishing hooks manufacturing sectors, creating demand for advanced hooks that makes easy and efficient fishing. Increasing demand for salt water and sea shore fishing is creating opportunity for high strength and corrosive resistant fishing hooks. However, spending on fishing hooks is less compared to other fishing equipment.

A recent Fact.MR study foretells the fishing hooks market to record an expansion at 2% CAGR over the forecast period (2018-2028). Fishing hooks continues to witness increased traction in salt water applications. However, fresh water fishing has impressive growth in some of the regions.

Fishing Hooks Market – Growing Influenced Proliferation in Anglers

Development of fishing hooks has fueled the use of different hook types in the fishing activities, offering a potential boost to the adoption of double and treble hooks over other types due to multiple applications and use in both the water types-salt and fresh water.

This growth in the fishing hooks industry is ideally underpinned by the growing investments by companies to cater to the need for recreational fishing, with a view to manage expanding number of fishing days by the fishing anglers. The rapid increase in the number of fishing anglers has translated into a significant rise in demand for fishing hooks, in turn driving the growth of its market.

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Fishing Hooks Market - Fishing Hooks for Sustainable Fishing

A variety of sustainable fishing methods are being adopted by fishermen to reduce the extent of exploited feedstocks. Hook and line or trolling is a sustainable fishing method in which circle hooks are used instead of J hooks. Circle hook minimizes by-catch and causes little to no habitat damage. This increases fish captures without causing injuries to the fishes. For sports fishing as well as recreational purpose, catch and release hooks are being adopted. These hooks allow safer, quicker, and easier way of releasing fishes without handling them. Adoption of such methods can reduce fish mortalities during recreational as well as commercial fishing and are called sustainable fishing methods.

With the growing adoption of sustainable fishing practices, manufacturers are introducing environment-friendly and less harmful fishing tackles that leave lesser footprints.

Fishing Hooks Market - Growing Popularity of Recreational Fishing Resulting Increase in Spending Of Fishing Tackle

Marine recreational fishing is a high?participation activity with large economic value and social benefits across the globe. Approximately 8.7 million European recreational sea fishers participated in recreational fishing last year, the average per capita spending of Europe is around US$ 10. And it is high among other regions of the globe. And total expenditure of €5.9 billion is spent annually on the fishing tackle. In addition, fishing participation has increased by almost 20% over the last 10 years. Anglers have also increased their overall spend by 2.4% during the past five years. Revenue from equipment purchases to all trip expenditures also increased from US$ 45 billion to US$ 46.1 billion in the last five years.

According to the American Sport fishing Association (ASA), anglers in America generate more than US$ 48 billion in retail sales with a US$115 billion impact on the nation’s economy and create employment for more than 828,000 people. The average per capita spending of the U.S. is more than US$ 13, which is slightly higher than the European countries and other regions of the globe. The impact as such represents growing popularity of recreational fishing, which is likely to create a lucrative opportunity for fishing hooks market in the future.

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Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

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