17-May-2023 | Zion Market Research
The global ski gear and equipment industry size was nearly $13.5 Billion in 2022 and is anticipated to surge to approximately $19.5 Billion by 2030 along with recording the highest growth rate of nearly 6.1% from 2023 to 2030.
Ski gear and equipment comprise boots, poles, skis, and helmets. Furthermore, this equipment is used in winter sports that include skiing sports events arranged during winter in Western countries as well as North American countries. For the record, cambered ski was manufactured in the countries such as Norway and used by peasants. It was then converted into a sporting event after that. The rise in the allocation of funds for enhancing the ski infrastructure has resulted in the surging demand for skiing equipment across the globe.
An increase in the number of people taking part in winter sports activities including skiing will steer the growth of the global ski gear and equipment market. Favorable government policies will proliferate the size of the global market. The expansion of the global market can be attributed to lower costs of equipment and easy access to less labor-intensive techniques. In addition to this, flourishing tourist activities will account majorly for the global market growth during the forecast timeframe. Availability of strong sports infrastructure facilities will further boost global market trends.
Nevertheless, the possibility of collisions & untoward incidences taking place on the mountain tops while skiing and the presence of mountain avalanches can impede the global ski gear and equipment industry surge. However, an increase in winter sports activities and leisure activities across the globe will open new growth opportunities for the global industry.
The global ski gear and equipment market is divided into products, distribution channels, applications, and regions.
The product segment of the ski gear and equipment market is sub-segmented into clothing, footwear, headgear, and ski & poles segments. Furthermore, the head gear segment is slated to record the highest CAGR of 3.9% during the forecast timeline. The segmental expansion over 2023-2030 can be due to a rise in the number of damages to body parts occurring during snow sports activities. Additionally, new product launches will further contribute to the segmental surge during the forthcoming years.
On the basis of distribution channels, the ski gear and equipment industry across the globe is divided into supermarkets/hypermarkets and online retail stores segments. Moreover, the online retail store segment, which recorded the fastest CAGR in 2022, will continue to do so even during the forecast period. The segmental growth over the projected timespan can be attributed to the launching of various e-commerce websites offering value-added services to customers. This includes cashback offers Moreover, firms such as snowinn.com, and decathlon. in, and skis.com are some of the online retail stores offering ski gear & equipment to customers at discounted rates.
Based on the application, the global ski gear and equipment market is divided into male, kids, and female segments. The male segment, which dominates the global market share in 2022, is set to record the fastest CAGR during the forecast timeframe. The growth of the segment in the forecasting timeline can be subject to rising awareness pertaining to skiing as a major leisure activity among the male population in nations such as France, Italy, Germany, Holland, Finland, Sweden, and the UK.
Furthermore, the ski gear and equipment market in North America is predicted to retain its market domination over the upcoming timeline. The expansion of the market in North America can be credited to the huge spending capacity of the customers in the countries such as the U.S. and Canada. In addition to this, the rise in the recreational activities witnessed in these countries will proliferate the growth of the market size in North America. In addition to this, the presence of giant manufacturers in the region will prompt regional market growth.
Browse the full “Ski Gear And Equipment Market By Product (Clothing, Footwear, Head Gear, And Ski & Poles), By Application (Male, Kids, And Female), By Distribution Channel (Supermarkets/Hypermarkets, Online Retail Stores), And By Region - Global, And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030.” Report at https://www.zionmarketresearch.com/report/ski-gear-equipment-market
Key players in the global ski gear and equipment market include:
By Distribution Channel
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