Ski gear and equipment market

Ski Gear and Equipment Market, by Product Type (Boots & Bindings, Helmet, Poles, Protective Gear, Ski Boot Accessories and 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 and Others), by End User (Men, Women and Kids), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Jul 2022
CMI1943
107 Pages
Excel & Pdf
Consumer Goods

Summary

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

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.

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

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.

Table of Content

Table of Contents

* Browse 50 market data tables* and 40 figures* on “Global Ski Gear and Equipment Market” - forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What was the global Adaptive Clothing market size in 2021?

Global adaptive clothing market was valued at around US$ 1,537.3 Million in 2021.

What are the major factors that are expected to drive growth of the market during the forecast period?

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.

What are the trends in the global Adaptive Clothing market?

Launch of new innovative products is the key trend in the market.

What are the key factors hampering growth of 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.

Which are the key players in the market?

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.

What is the estimated growth rate for the market?

The market is estimated to grow at around 5.7% CAGR in the forecast period (2022-2030).