Industry Background:
A walking stick is a device used to facilitate walking, for fashion, or for defensive. It may come in different sizes and shapes which can be widely used in various applications. The global walking stick is anticipated to grow owing to the rising aging population, increasing incidences of debilitating neurological diseases & injuries. and technological advancements & product leasing that have led to the increase in usage of walking assist devices.This growth is primarily driven by Increasing Demand for Walking Sticks Among Visually Impaired People and Rise in Number of Population with Chronic Diseases.
Globally, a noticeable market trend is evident Introduction of Folding Walking Sticks and Trekking Poles. Major Vendors, such as GASTROCK (Germany), Black Diamond Equipment (United States), LEKI Lenhart GmbH (United States), Brazos Walking Sticks (United States), Cane Masters (United States), James Smith & Sons (United Kingdom), Classic Canes (United Kingdom), Charles Buyers & Co Ltd (United Kingdom), N R S Healthcare (United States) and Phoenix Walking Stick (United Kingdom) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Regulatory Insights:
"According to the World Health Organization (WHO), the global population in the age group of 60 years and above is expected to grow from 841 Million in 2013 to more than 2 Billion by 2050"
Market Drivers
- Increasing Demand for Walking Sticks Among Visually Impaired People
- Rise in Number of Population with Chronic Diseases
Market Trend
- Introduction of Folding Walking Sticks and Trekking Poles
Restraints
- Growing Popularity of Crutches as an Alternative to Walking Sticks
Opportunities
Increasing Geriatric Population Led to Rise In Demand for Walking Stick and Advent of Self-guiding Walking Sticks with Digital Features
Challenges
Quality Concerns Regarding Walking Sticks and Long-term Use of Walking Sticks May Reduce Balance and Coordinative Ability of Individuals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Walking Stick Study Sheds Light on
The Walking Stick Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Walking Stick industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Walking Stick industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.