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  • Published On : Jul 2022
  • Code : CMI1943
  • Industry : Consumer Goods
  • Pages : 107
  • Formats :

Ski gear & equipment such as skis, helmets, boots, and poles among others, are used in skiing winter sports to glide through snow. Cambered ski was developed in Norway, used by farmers or hunters and has been transformed into a sporting activity, ever since. Increasing investment in ski infrastructure for the development of skiing is one of the factors driving growth of the ski gear & equipment market. For instance, in January 2018, Les 3 Valless, the ongoing expansion and improvement in the ski resort infrastructure includes lifts, which encourage skiers to enjoy more of the existing marked ski run in the network.

 Global ski Gear and Equipment market was valued at US$ 1,332.4 Million in 2021, in terms of revenue, exhibiting a CAGR of 2.9% during the forecast period (2022 to 2030).   

Drivers

The market is driven by an increasing number of participants in outdoor sports such as skiing, along with favourable government initiatives in countries, such as India, China, and Japan, on encouraging the population to participate in skiing. Ski gear and equipment’s are more economical, less labour-intensive, and more sustainable when compared to fold towel and box towel, which is expected to drive growth of the market.

Among regions, North America is expected to hold the dominant market for ski gear & equipment and accounted for a market share of 25.9% in 2021. This growth is primarily driven by increasing skier visits in the region. According to the Destination British Columbia, North America combined with South America, both regions accounted for 27% of skier visits and in the U.S., 59 million skier visits are recorded annually, accounted for 19% of the global total during 2021.

Figure 1. Global Ski Gear & Equipment Market Value Share (%), By Region, 2021

Ski Gear & Equipment  | Coherent Market Insights

Market Restraints

Lack of universal directives pertaining to applications of the global Ski Gear & Equipment  is expected to restrain market growth during the forecast period. Every country has different directives pertaining to use and applications of Ski Gear and Equipment. Key players find it difficult to cope with such country wise regulations, which in turn is discouraging investment in the Ski Gear & Equipment industry, thereby restraining the market growth.

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Ski Gear & Equipment Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 1,332.4 Mn 
Historical Data for: 2017-2021 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 2.9% Forecast Period: 2022-2030
Geographies covered:
  • Region: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa
Segments covered:
  • By Product Type: Boots & Bindings, Helmet, Poles, Protective Gear, Ski Boot Accessories, Others
  • By Form: Alpine or Downhill Skiing, Cross-Country Skiing, Telemark Skiing, Freestyle Skiing, Nordic Skiing, Others
  • By Distribution Channel: Supermarkets, Hypermarkets, Online Stores, Specialty Stores, Others
  • By End User: Men, Women, Kids
Companies covered:

Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteilgungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation, and Volcom LLC

Growth Drivers:
  • The market is driven by an increasing number of participants in outdoor sports such as skiing
  • Key players are focused on launching new products to expand their product portfolio 
Restraints & Challenges:
  • Lack of universal directives pertaining to Ski Gear & Equipment

Market Trends

Key players are focused on launching new products to expand their product portfolio is the key trend in the global ski gear & equipment market. For instance, in March 2019, Backcountry, online retail company, launched gearhead certified product that includes Backcountry touring collection which is a set of products specific to split boarding and ski touring. .

Figure 2. Global Ski Gear & Equipment Market Value Share (%), By Product Type, 2021

Ski Gear & Equipment  | Coherent Market Insights

Among product type, the helmet segment is projected to witness a significant growth over the forecast period, owing to increasing use of helmet in skiing, as it help to protect or reduce risk of head injuries from collisions or falls. According to the U.S. Consumer Product Safety Commission, the use of helmet by snowboarders or skiers can prevent around 44% of head injuries to adults and 53% in case of children below 15 years of age.

Recent Developments

  • On May 6, 2022, Amer Sports and Liesheng have completed the transaction in which Amer Sports divests Suunto to Liesheng. Amer Sports’ strategy is to focus on developing internationally recognized sporting goods brands within the lifestyle, apparel, and footwear segments with a strong focus on direct-to-consumer channels, as well as an enhanced presence in large markets such as China and the U.S.
  • On Jan 10, 2022, Amer Sports and Liesheng − a leading Chinese technology company agreed on a transaction in which Amer Sports divests Suunto to Liesheng. Amer Sports’ strategy is to focus on developing internationally recognized sporting-goods brands within the lifestyle, apparel, and footwear segments, shifting more business to D2C (direct-to-consumer) channels, as well as enhancing its presence in large markets such as China and the US.
  • On March 18, 2021, Black Diamond Equipment, the global innovator in climbing, skiing, mountain sports equipment, and apparel announced its partnership with NuORDER, the premiere wholesale B2B e-commerce platform. Beginning with the FW21 buying season, Black Diamond will conduct all its wholesale practices through the digital buying platform.

Competitive Section

Major players operating in the global Ski Gear & Equipment  market include Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteilgungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation, and Volcom LLC.

Skiing is a winter sport in which the participants use skis to glide on snow. Traditionally, such sports were played only in cold areas during winters, however, artificial ice and snow allows for enhanced flexibility. Increasing participation in skiing activities coupled with growing initiatives to encourage skiing participation, is expected to boost growth of the global ski gear & equipment market. For instance, in June 2017, International Ski Federation (FIS), Sports Organization and Alisport entered into a partnership to develop 30 million snow sport participants in China, which aids in the growth of ski gear & equipment market.

However, increasing fatalities or injuries caused while skiing is expected to hinder growth of skiing industry, in turn negatively impacting the market growth.

Market Dynamics

North America is expected to show significant growth in the global ski gear & equipment market, owing to increasing international trading activities. According to the U.S., the total value of import in ski and snowboard equipment market increased by 9.7% since 2009 to a total of 115 million in 2013.

Asia Pacific is expected to be the fastest-growing region in the global market over the forecast period. This is attributed to supportive government initiative to increase ski sport participation. For instance, in August 2017, Get Into Snow Sport (GISS), Skiing initiative to be launched in China as a part of Winter Olympics build-up. This initiative operates through a partnership between the International Ski Federation (FIS) and Beijing Sports University in collaboration with the Chinese Ski Association.

Key features of the study:

  • This report provides an in-depth analysis of global Ski Equipment & Gear market, and provides market size (US$ Billion) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global Ski Equipment & Gear market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteilgungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation and Volcom LLC.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Ski Equipment & Gear market report caters to various stakeholders in this industry including investors, suppliers, Ski Equipment & Gear manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global Ski Equipment & Gear market

Detailed Segmentation:

  • Global Ski Equipment & Gear Market, By Product Type :
    • Boots & Bindings
    • Helmet
    • Poles
    • Protective Gear
    • Ski Boot Accessories
    • Others
  • Global Ski Equipment & Gear Market, By Form:
    • Alpine or Downhill Skiing
    • Cross-Country Skiing
    • Telemark Skiing
    • Freestyle Skiing
    • Nordic Skiing
    • Others
  • Global Ski Equipment & Gear Market, By Distribution Channel:
    • Supermarkets
    • Hypermarkets
    • Online Stores
    • Specialty Stores
    • Others
  • Global Ski Equipment & Gear Market, By End User:
    • Men
    • Women
    • Kids
  •  Global Ski Equipment & Gear Market, By Region:
    • North America
      • By Country:
        • U.S
        • Canada
    • Latin America
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Country:
        • Germany
        • U.K
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Country/Region:
        • Middle East
        • Africa
  • Company Profiles
    • Amer Sports Oyj  
      • Company Overview
      • Product Portfolio
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Black Diamond Equipment, Ltd.
    • Coalition Snow
    • Fischer Beteilgungsverwaltungs GmbH
    • Helly Hansen
    • Icelantic LLC
    • Marker Volkl (International) Sales GmbH
    • Skis Rassignol S.A.
    • The Burton Corporation
    • Volcom LLC.

“*” marked represents similar segmentation in other categories in the respective section

Frequently Asked Questions

Global adaptive clothing market was valued at around US$ 1,537.3 Million in 2021.
Demand for adaptive clothing is high from hospitals as such clothing is convenient for caregivers, nurses or hospice staff to undress or dress patients are some of the major factors that are expected to drive growth of the market over the forecast period.
Launch of new innovative products is the key trend in the market.
High cost and limited availability of adaptive clothing is one of the major factors that is expected to hamper growth of the market over the forecast period.
Major players operating in the market include Silvert’s Adaptive Clothing & Footwear, Izzy Camilleri, NBZ Apparel International, Able2Wear, Adaptions By Adrian, Professional fit Clothing, Adaptive Clothing Showroom, Creation Comfort, Buck & Buck, and PVH Corp.
The market is estimated to grow at around 5.7% CAGR in the forecast period (2022-2030).

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