Know More About “Ski Equipment & Gear Market 2019-2025” Growth Worldwide…..|Grand View Research, Inc.



The global ski equipment and gear market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.7% over the forecast period. Increasing participation in the outdoor recreational sports including skiing at a global level is expected to remain a favorable factor. Furthermore, rising importance of rental skiing as a key service offering that provides convenience, professional expert advice, and product availability at affordable prices is expected to open new avenues for the market in the near future.
The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
Growth of the tourism industry is one of the key factors increasing ṅthe spending on skiing, which, in turn, is expected to promote the scope of various sports equipment. The World Bank Group revealed that the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. Furthermore, emergence of the Indian Himalayas as a snow sports hub as a result of supportive government policies aimed at the development of hill stations, including Auli and Manali, is expected to open new industry avenues.
Product innovation is expected to remain a critical success factor over the next few years. For instance, in 2016, Scott Sports launched Walkable Ski Boot to provide the skiers optimum grip during skiing. Moreover, these boots are designed in such a way that it can be used for normal walking, thereby making them effective and comfortable in nature.
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For instance, in 2018, Salmon S.A.S. launched Salomon QST 99, a lightweight ski to provide a better and smooth experience of skiing so that the customer can achieve more speed with less effort. Moreover, in 2018, Oakley Inc. launched Inferno Prizm Goggles. With this new product, the company is providing anti-fogging feature to the customers with the help of an electric heat current to clear the glasses.
Further key findings from the report suggest:
·         By product, clothing dominated the global ski equipment & gear market with an overall share of 32.5% in 2018. Headgear is expected to expand at a CAGR of 3.3% from 2019 to 2025
·         By distribution channel, supermarkets/hypermarkets accounted for a share of 44.2% in 2018
·         North America dominated the market in 2018, accounting for 42.4% share of the global revenue
·         Key industry players include Amer Sports Oyj, Black Diamond Equipment, Ltd., Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, The Burton Corporation, Volcom LLC, and Helly Hansen.
The global ski equipment & gear market size was valued at USD 1.4 billion in 2018 and is anticipated to expand at a CAGR of 2.7% over the forecast period. The market is driven by increasing number of participants in the 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.
Growing tourism industry may also drive the customers to take part in snow sports including ski. According to the World Bank Group, the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. In addition, number of participants in the snow sports has increased on account of increasing awareness regarding different types of ski including Alpine skiing, ski touring, and cross-country skiing.
The global ski equipment & gear market is expected to witness an increase in the demand on account of 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 from skiing is anticipated to promote market growth in the coming years.
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 of developing the snow sports infrastructure are expected to promote the scope of ski equipment and gear products in the near future.
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Grand View Research has segmented the global ski equipment and gear market on the basis of product, application, distribution channel:
Ski Equipment & Gear Product Outlook (Revenue, USD Million, 2015 - 2025)
·         Clothing
·         Headgear
·         Ski and Poles
·         Footwear
·         Others
Ski Equipment & Gear Application Outlook (Revenue, USD Million, 2015 - 2025)
·         Male
·         Female
·         Kids
Ski Equipment & Gear Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
·         Supermarkets/Hypermarkets
·         Convenience Stores
·         Online
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.



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