Global Ski Gear & Equipment Market Research Report, 2023-28

Global Ski Gear & Equipment Market Research Report, 2023-28

Actual Market Research 31-12-2022 80 Pages Figures : 16 Tables : 25 Category : Consumer Goods & Services Leisure

1. Amer Sports

2. Burton Snowboards Inc.

3. Fischer Sports GmbH

4. Skis Rossignol SA

5. Icelantic Skis


Skis, ski poles, goggles, gloves, helmets, and ski boots are the bare necessities for skiing and are used in skiing winter sports to float through the snow. Cambered skis were invented in Norway and were originally used by farmers or hunters before being turned into a sport. Skiing is typically a competitive winter sport or a leisure activity in which contestants skate on snow using skis. Skiing can be used as a mode of transportation at times. The market is driven by an increasing number of participants in outdoor sports such as skiing, along with favorable government initiatives in countries, such as India, China, and Japan, on encouraging the population to participate in skiing. Also, the growing tourism industry may also drive customers to take part in snow sports including skiing. According to the World Bank Group, international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. In addition, the number of participants in snow sports has increased on account of increasing awareness regarding different types of skiing including Alpine skiing, ski touring, and cross-country skiing. According to the research report, "Global Ski Gear & Equipments Market Research Report, 2023-28," published by Actual Market Research, the overall market is anticipated to attain a size of more than USD 2900 Million, an increase from USD 2380 Million. Further, the market is anticipated to grow at a CAGR of 3.34% during the forecast period. The market is majorly driven by an increase in the number of people participating in outdoor sports like skiing, as well as favorable government policies that encourage people to engage in skiing. The infrastructure for snow sports, including skiing, is developing around the globe, on account of increasing customer preference for snow-related activities and tourism activities. These favorable trends in developing the snow sports infrastructure are expected to promote the scope of ski equipment and gear products in the near future. Also, the global ski equipment & gear market is expected to witness an increase in demand on account of the commercialization of the sport and the smooth and safe experience of the sport with various types of ski equipment and gears. Increasing awareness regarding the usage of helmets and other ski equipment and gear on account of rising concerns over injuries caused by skiing is anticipated to promote market growth in the coming years. Based on Product, The market is segmented into various product types, including skis and snowboards, ski footwear (boots and bindings), ski poles and sticks, ski helmets, ski goggles, ski gloves and ski mittens, ski clothing and apparel, and others. Among these product types, the ski clothing and apparel segment is dominating the market in 2022 with the highest market share owing to launching and creating new products to meet the changing demand and needs of the market manufacturers. The winter sports equipment market constantly innovates new technologies and products to keep pace with rapidly changing global trends. Manufacturers are focusing on innovations in new wearables to improve the performance and precision of skiing activities. For instance, in Aug 2018, a smart skiing systems provider named Snowcookie launched an innovative ski technology named SKEO Snowcookie sensor that has gained expertise in developing multi-sensor systems that capture data related to speed and technique, and body position. Descente, the high-end ski apparel brand based in Japan, has a presence in China through a unit that is part of Anta Sports, a domestic sportswear firm. Descente has expanded to nearly 200 stores in first and second-tier cities in China. It opened its global experience center in Beijing in November. Winter sports are performed in snow or ice and are played during the winter. There are different kinds of winter sporting events gaining widespread popularity among youngsters and sports enthusiasts, including winter hockey, skiing, snowboarding, and bobsled. These sports were initially played in cold areas during the winter season, but nowadays, artificial snow or ice makes it more flexible for playing such sports. These sporting events have essentially boosted the demand for winter sports gear such as gloves, skates, sticks, guard pads, and helmets. Consumers essentially need sports winter wear for high insulation value, as well as comfort level. Recent Developments: • Following a tough winter season in 2020-21, the Rossignol Group is anticipating a robust return in winter 2022, with activity increasing by 28% across its portfolio of brands. The French group, which is now celebrating its 115th anniversary and strong racing results, hopes to capitalize on this momentum and accelerate its transition by making additional commitments to sustainable development, eco-conscious design, product life-cycle, and recycling solutions. • In January 2018, Thule Group launched a new collection of ski backpacks and snowboards, designed along with flexible and removable airbags for protection. • In November 2021, Fischer Sports announced Alpine product lineups in ski and boot categories for both resort and backcountry categories. It included the Women's All-mountain category with the Ranger 94 FR WS and the Women's Deep Powder Snow category with the Ranger 115 FR. Other official selections include the Ranger 102 FR, the Fischer RC One 86 GT and the Ranger 99 Ti. Covid-19 Impacts: The pandemic is the only major factor that has hampered this sector in the last few years. The COVID-19 outbreak has had an impact on a number of industries, notably the ski gear and equipment industry. According to numerous types of research, a major portion of ski gear and equipment companies saw decreased sales as a result of the season's premature termination, with two-thirds reporting lower-than-average sales for winter 2020-21. Furthermore, by the middle of March 2021, Austria, France, and Switzerland had closed all of their ski resorts, and the rest of the season's vacations had been canceled. However, by the end of 2021, ease in governmental regulations as well as the reopening of various ski resorts across the globe is anticipated to boost the market growth. Major Companies present in the market: Amer Sports Oyj, Burton Snowboards, Fischer Sports, Skis Rossignol SA, Icelantic Skis, Volcom, Elan, Helly Hansen, Coalition Snow, Alpina Sports Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global ski gear & equipment market with its value and forecast along with its segments • Region-wise ski gear & equipments market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions covered in the report: • North America • Europe • Asia-Pacific • South America • Middle-East & Africa By Product: • Skies/Ski Snowboards • Ski Footwear/Ski Boots and Bindings • Ski Poles/Ski Sticks • Ski Helmets • Ski Goggles • Ski Gloves/Ski Mittens • Ski Clothing/Apparel • Others By Distribution Channel: • Hypermarkets/Supermarkets • Specialty Stores • Online Stores • Other Distribution Channels By End-User: • Men • Women • Kids The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, annual reports of companies, and analyzing government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the ski-gear equipment industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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