Global Ski Gear and Equipment Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Global Ski Gear and Equipment Market: Introduction
“The global Ski Gear and Equipment Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Ski gear and equipment comprise of wearables such as helmet, boots and bindings, goggles, etc. that are worn during skiing in order to protect from extreme weather conditions.
Global Ski Gear and Equipment Market: Dynamics
Increasing participation rate of young population in outdoor recreational activities such as skiing and other snow sports is major factor expected to drive growth of the target market. In addition, growing number of ski resorts and increasing government initiatives in developed and developing countries to encourage participation in skiing are some of the key factors expected to propel growth of the target market.
Rapid growth of the tourism industry is expected to support growth of the target market, owing to increasing number of international travelers participating in recreational activities such as skiing and other snow sports.
Ski gear and equipment manufacturers are concentrating on launching and development of new products in order to meet the changing requirements of consumers through advanced technology. For instance, Blue Infusion Technologies LLC introduced Bluetooth ski gloves named Beartek, which aids to remotely access target device such as playing music, attend calls, etc.
However, an increasing number of injuries caused by accidents while skiing is one of the major factors expected to hamper growth of the target market. In addition, changing weather conditions, the high cost of ski and gear products, and availability of counterfeit products in the local market are some other factors expected to hinder growth of the target market.
Global Ski Gear and Equipment Market: Segment Analysis
On the basis of product type, helmet segment is expected to register significant growth, owing to increasing usage of a helmet in skiing in order to reduce the risk of head injuries that may cause by incidents of falls.
On the basis of the distribution channel, supermarket segment is expected to witness substantial growth, owing to various discounts offered by supermarkets.
On the basis of the end user, women segment is estimated to register considerable growth, owing to increasing participation of women population in skiing.
Global Ski Gear and Equipment Market: Regional Analysis
The market in the Asia Pacific is expected to register significant growth, owing to increasing government initiatives to encourage participation in skiing.
For instance, in 2018, FIS academy – an education entity of International Ski Federation (FIS), has teamed up with the Chinese Ski Association (CSA) and launched Get into Snow Sport (GISS), skiing in China as a China grassroots programme i.e., 2018/2019 ski season.
Ski gear and equipment market in North America is projected to dominate the global market, owing to the increasing number of skier visit.
For instance, in May 2018, The National Ski Areas Association (NSAA) announced that US ski areas perceived approximately 53 million snowboarder and skier visits during the 2017-18 season.
Markets in Europe, Middle East & Africa, and Latin America are expected to witness moderate growth over the forecast period.
Global Ski Gear and Equipment Market Segmentation:
Segmentation by Product Type:
- Protective Gear
- Boots & Bindings
- Ski Boot Accessories
- Others (Eyewear and Clothing)
Segmentation by Application:
- Cross-Country Skiing
- Downhill Skiing
- Freestyle Skiing
- Others (Telemark Skiing and Nordic Skiing)
Segmentation by End User:
Segmentation by Distribution Channel:
- Specialty Stores
- Online Stores
- Sports Stores
Segmentation by Region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Amer Sports
- Fischer Sports GmbH
- Black Diamond Equipment, Ltd.
- Burton Snowboard
- Coalition Snow
- Helly Hansen
- Volcom LLC
- DICK'S Sporting Goods
- com Retail Ltd.
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