Ski Gear & Equipment Market Brief Overview by Research Cosmos
Ski Gear & Equipment Market Size and Growth Rate:
Ski Gear & Equipment Market size was valued at USD XX Million in 2017 and this figure estimated to cross USD XX Million by 2023 end growing at a CAGR of XX% during the forecast period 2018-2023.
Increase in the rate of participation in outdoor activities such as skiing and other snow sports, strengthening government initiatives to promote the sport, and growth of ski resorts are the main factors driving global sales. In addition, the growth of the tourism industry will encourage people to practice more snow sports. However, factors such as climatic conditions and the availability of counterfeits slowdown the growth.
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Ski Gear & Equipment Market Growth Drivers and Restraints:
Manufacturers of ski gear and equipment are more focused on the development and launch of new and innovative products to meet the changing needs and demands of consumers through the most advanced technology. For example, Helly Hansen has introduced radar sensitive ski pants, which help to know the location, if the user is caught in an avalanche. Similarly, Beartek introduced Bluetooth ski gloves and RIDEON, augmented reality ski goggles. These innovations will increase sales of the market during the foreseen period. In recent years, the number of women participating in various sports has increased worldwide, including skiing. Sellers offer equipment specifically designed for women. For example, Coalition Snow is one of the leading manufacturers of outdoor recreation equipment for women. Therefore, the increasing adoption of ski gear by women indicates a positive effect on market growth.
Geographical Overview of Ski Gear & Equipment Market:
APAC is the fastest growing region in the global ski gear and equipment market. China, Japan, Australia, India and South Korea are the main contributors in this region. It is likely that factors such as the increase in female participation rates and the increase in government initiatives will stimulate the demand for the market in the region. In addition, the number of ski areas, especially in China and Japan, has increased, which will lead to an increase in the number of participants and the demand for ski equipment.
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Key Players of Ski Gear & Equipment Market:
Some of the leading market players of Ski Gear & Equipment Market are Burton, Atomic, Rossignol, Salomon, Fischer, Head, Swix, Mammut, Volkl, Scott, Lange and others.
Detailed Segmentation of Ski Gear & Equipment Market:
By Type:
- Skis & Snowboard
- Ski Boots
- Ski Apparel
- Ski Protection
- Other
By Application:
- Alpine Skiing
- Nordic
- Telemark
- Other
By Region:
- North America
- South America
- Europe
- Asia Pacific
- Middle East and Africa
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