Global Ski Gear and Equipment Market size was valued US$ XX Mn in 2019 and the total revenue is expected to grow at 3.82 % from 2020 to 2027, reaching US$ XX Mn.
Global Ski Gear and Equipment Market
Global Ski Gear and Equipment Market Overview:
The rising tourism industry may also drive the consumers to take part in snow sports with the ski. The international tourist arrivals have improved from 1.24 Bn in 2016 to 1.33 Bn in 2017. In addition, the number of contestants in the snow sports has increased on account of growing awareness about dissimilar types of ski with Alpine skiing, ski touring, & cross-country skiing.
The global ski equipment & gear market is anticipated to witness a rise in the demand due to commercialization of the sport & the smooth & safe involvement of the sport with several types of ski equipment & gears. Growing awareness about the use of helmets & other ski equipment & gear on account of increasing worries over injuries produced by skiing is expected to promote market development during the forecast period.
The infrastructure for snow sports, with skiing, is emerging around the world, on account of growing consumer preference for snow-related activities & tourism activities. These trends of evolving snow sports infrastructure are anticipated to boost the scope of ski equipment & gear products in the near future. Clothing ruled the market with a revenue of $441.2 Mn in 2018. This development is attributed to improved acceptance of progressive & new designs of the several types of ski clothing with jackets, ski suits, ski pants, & a moisture-wicking base layer. The ski clothes companies are focused on introducing & developing new products to meet the fluctuating demand & needs of the consumers through advanced technology. For example, in 2016, Helly Hansen launched radar-sensitive pants for skiing. These radar-sensitive pants have an efficient rescue system, which imitates the location of the person if the skier is trapped in the snow.
Headgear is anticipated to be the fastest-growing section, increasing at a CAGR of 3.37% from 2019 to 2027. This development is attributed to an increasing number of injuries linked to snow sports. As the safety of the consumers, In &Motion has introduced a smart ski airbag suit to prevent the skiers from any injuries on the crash. The suit senses the movements of the person & expands into an airbag to guard injuries during fall. These new launches by the market leaders on consideration of the safety of the customers are expected to remain a favorable factor.
Distribution Channel Overview:
Supermarkets/hypermarkets made revenue of USD 600.8 Mn in the year 2018. Easy accessibility of ski equipment & gear products in the supermarkets/hypermarkets helps the consumers to choose a wide range of products. These influences are expected to increase the development of this distribution channel in the near future.
The online segment is anticipated to expand at a CAGR of 3.39% from 2019 to 2027 on account of the introduction of several e-commerce portals, which deliver value-added services counting cashback benefits. Key players like decathlon.in, snowinn.com, & skis.com are coming up with new online services for bringing the products at the doorsteps of the consumers.
Global Ski Gear and Equipment Market1
North America was the leading regional market, accounting for a share of 42.4 percent in the year 2018. This development is attributed to the strong foothold of consumers contributing to skiing as a recreational activity in nations like the U.S. & Canada. Moreover, an increasing number of women skiers due to the introduction of new products & technologies for women safety by the key players is anticipated to rise the demand for ski equipment & gear during the forecast period.
The Asia Pacific is anticipated to expand at a CAGR of 3.8 percent during the forecast period. This development is attributed to the growing government initiatives on snow-related sports & activities. Get into Snow Sports (GISS) scheme was taken in China in 2018. This initiative was introduced as a part of the Winter Olympics introduced by the International Ski Federation (FIS) to develop & promote the snow sports internationally & to inspire ski in China.
The objective of the report is to present a comprehensive analysis of the Global Ski Gear and Equipment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Ski Gear and Equipment Market dynamics, structure by analyzing the market segments and project the Global Ski Gear and Equipment Market size. Clear representation of competitive analysis of key players by Application, price, financial position, Distribution Channel portfolio, growth strategies, and regional presence in the Global Ski Gear and Equipment Market make the report investor’s guide.
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Global Ski Gear and Equipment Market, By Product
• Head Gear
• Ski and Poles
Global Ski Gear and Equipment Market, By Distribution Channel
• Convenience Stores
Global Ski Gear and Equipment Market, by Region
• North America
• MEA & Africa
• Latin America
Global Ski Gear and Equipment Market Key Players
• Amer Sports Oyj
• Fischer Beteiligungsverwaltungs GmbH
• Black Diamond Equipment, Ltd.
• Skis Rossignol S.A.
• The Burton Corporation
• Icelantic LLC
• Marker Volkl (International) Sales GmbH
• Volcom LLC
• Helly Hansen
• Coalition Snow
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