Global Ski Equipment Market, By Product (Skis and Poles, Ski Boots, Ski Bindings, Ski Bindings), Distribution Channel (Specialty And Sports Shops, Chain Stores, Online) Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Ski Equipment Market
The ski equipment market is expected to be growing at a growth rate of 2.70% in the forecast period of 2022 to 2029 and would likely to reach an estimated value of 105.44 million in 2029. Data Bridge Market Research analyses the factors responsible for fostering the growth of Ski equipment market. The ski equipment market report examines the growth that is currently occurring as a result of the increasing number of skiers worldwide, which is a major driver of the ski equipment market.
A ski is a narrow strip of semi-rigid material worn beneath the foot for gliding over snow. Although skiing is now a sport, the skies were once used for fast and efficient transportation in snowy areas. Skis, boots, a helmet, goggles, and ski poles are all required equipment for skiing. Although the skis may appear similar to untrained eyes, there are a variety of skis ranging in length from 70cm to 143cm.
The growing numbers of initiatives to increase skiing participation, as well as the growing number of people pursuing skiing as a recreational activity, are expected to drive the ski market in the coming years. In addition, the increasing number of ski resorts and government initiatives to encourage skiing participation are expected to boost the market in the coming years. Furthermore, the developments of new and innovative products to meet changing consumer needs, as well as technological advancements in this segment, are expected to fuel the market during the forecasted years.
The global ski equipment and gear market is expected to grow due to the commercialization of the sport as well as the smooth and safe experience of the sport with various types of ski equipment and gears. Increasing awareness about the use of helmets and other ski equipment and gear as a result of rising concerns about skiing-related injuries is expected to drive market growth in the coming years.
However, the declining popularity of skiing among millennials is expected to stifle growth in the ski equipment market during the aforementioned period.
This ski equipment market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on ski equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Ski Equipment Market Scope and Market Size
Ski equipment market is segmented on the basis of product and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of product, the ski equipment market is segmented into skis and poles, ski boots, ski bindings, and ski bindings.
- On the basis of distribution channel, the ski equipment market is segmented into specialty and sports shops, chain stores, and online.
Ski Equipment Market Country Level Analysis
The ski equipment market is analysed and market size insights and trends are provided by country, type, product and distribution channel as referenced above.
The countries covered in the Ski equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominated the regional market, accounting for a sizable share. This expansion can be attributed to the strong foothold of buyers who enjoy skiing as a recreational activity in countries such as the United States and Canada. Furthermore, an increase in the number of female skiers due to the introduction of new products and technologies for women's safety by companies is expected to increase demand for ski equipment and gear in the near future. Asia Pacific is expected to grow at a healthy rate. This increase can be attributed to increased government initiatives on snow-related sports and activities to develop and promote snow sports globally, as well as to encourage skiing in the region.
The country section of the ski equipment market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Ski Equipment Market Share Analysis
The ski equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Ski equipment market.
Some of the major players covered in the ski equipment market report are Black Diamond Equipment, Decathlon Group, Fischer, KOHLBERG and COMPANY, L.L.C., Oberalp S.p.a., Skis Rossignol, Tecnica Group S.p.A, Amer Sports, Skis Rossignol, Burton Snowboards, Coalition Snow, Helly Hansen, Marker Völkl (International) GmbH, K2 Sports, Head, Volcom, American Athletic Shoe, Franklin Sports Inc.a, and Graf among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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