Analysis of Speed Chute market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Athletes need to focus on building their strength, stamina, acceleration, and, most importantly, speed. Speed chute allows athletes to maximize their acceleration and top-end speed through progressive resistance and over-speed training. A speed chute is a great option for sprinters, athletes, and sportsmen to increase their speed. Speed chutes are parachute-like structures that athletes wear around his or her waistline. It has built-in mesh panels that keep strings from tangling and help to stabilize the chute during training runs. An athlete should cover anywhere between a minimum of 20 meters to 100 meters using a speed chute while training for optimum results.
Depending on the size of the speed chute, it can produce between 15 and 50 pounds of resistance. Studies have shown that training with speed chutes can enhance speed by 3.3% compared to those who did not use speed chutes. Skeletal muscle fibers are divided into two types, fast-twitch, and slow-twitch muscles. Speed chute works on fast-twitch muscles. Fast-twitch muscles are used in short bursts of speed, critical in shorter races like 100 meters.
The fitness of athletes is assessed by clearance of fitness test by an individual athlete, and hence, it is necessary to build or work on fitness factors. These factors are expected to act as a driver for the speed chute market. Speed chutes are easy to carry portable sports equipment that can be a demand driver. Day-to-day increase in demand for training equipment can act as a driver. Economic option available in the speed chute market is also expected to be a demand driver. There are various equipment options for home workouts available online that could act as a restrain for the speed chute market. With the increased sporting leagues, a number of amateur players participating in sporting events are expected to open various opportunities to market speed chutes. The inferior quality of speed chutes available in the market due to the rising demand could be a threat to the product.
Geographically, the speed chute market can be segmented into six key regions: Latin America, Europe, North America, Japan, Asia Pacific excluding Japan and the Middle East, and Africa. In terms of regional demand for speed chutes North America leads the market due to the supportive sporting environment in the region, this statement is supported by the number of medals the United States grabbed in the Olympics 2016. This factor is expected to showcase a rising demand for speed chutes in North America. Europe is also expected to show a growing demand for speed chutes on the same grounds as North America.
One of the most awaited sporting events Olympics 2020 will be held in Japan in 2020. This sporting event is expected to create tremendous opportunities in the Asia Pacific. In Olympics 2016, China stood third in the medals tally table. China has the required infrastructure to fuel the growth of the speed chute market in the region. Recently, a sprinter from India Hima Das clinched the gold medal in the International Association of Athletics Federations World Under-20 Athletics Championships. This is likely to fuel the growth of speed chute in India as well as other growing economies.
Some of the players in the speed chute market include Nike, livestrong, Sklz, Kbands training, AGPtek, and others. The growth prospects of the speed chute market are promising and are expected to escalate the position of the speed chute market across the globe.
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On the basis size of speed chute: The speed chute is available in many different sizes and allows players to maximize their acceleration and top running speed, through resistance training. Size of speed chute is directly proportional to the resistance it offers. Larger the size of speed chute more will be the resistance offered. Thus, the speed chutes can be divided into:
Small speed chutes: 40 inches x 40 inches, Medium speed chutes: 48 inches x 48 inches, Large speed chutes: 56 inches x 56 inches, Extra-large speed chutes: 70 inches x 70 inches
On the basis of distribution channels: Speed chutes can be distributed through various channels and on basis of that, speed chutes can be segmented as: online retail, specialty sports stores, direct sales, discount stores and others.
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Speed chute market is estimated to grow at a CAGR of 4.5% during the forecast period.
Expansion of athletic leagues and amateur athletes engaging in sporting events.
The U.S. is likely to be a region with lucrative opportunities for the speed chute market players.
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