Ski Gear and Equipment Market Size, Share, Growth Report 2030

Industry Perspective:

The global ski gear and equipment market size was evaluated at $13.5 Billion in 2022 and is slated to hit $19.5 Billion by the end of 2030 with a CAGR of nearly 6.1% between 2023 and 2030.

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The market report is an indispensable guide on growth factors, challenges, restraints, and opportunities in the global marketplace. The ski gear and equipment industry report covers the geographical market along with a comprehensive competitive landscape analysis. The report includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, and value chain analysis. Additionally, the ski gear and equipment market report explores the investor and stakeholder space to help companies make data-driven decisions.

Ski Gear and Equipment Market: Overview

Ski gear and equipment include boots, skis, poles, and helmets. Moreover, these products are utilized in skiing sports events taking place during winter in European countries. Reportedly, a cambered ski was produced in Norway and was utilized by peasants. It was transformed into a sporting activity since then. Surging allocation of funds to improve ski infrastructure has led to rapid growth in Skiing activities across the Western world.

Key Insights

• As per the analysis shared by our research analyst, the global ski gear and equipment market is projected to expand annually at the annual growth rate of around 6.1% over the forecast timespan (2023-2030)
• In terms of revenue, the global ski gear and equipment market size was evaluated at nearly $13.5 billion in 2022 and is expected to reach $19.5 billion by 2030.
• The global ski gear and equipment market is anticipated to record massive growth over the forecast period owing to easy access to strong infrastructure availability for snow sports and consumer inclination towards snow-related events.
• Based on product, the clothing segment is predicted to contribute a majorly towards the market growth over the forecast timeline.
• In terms of application, the male segment to make major contributions towards the global market proceeds over 2023-2030.
• Based on distribution channel, the supermarkets/hypermarkets segment to make major contributions towards the global market proceeds over 2023-2030.
• Region-wise, the Asia-Pacific ski gear and equipment market is projected to register the fastest CAGR during the assessment period.

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Ski Gear and Equipment Market: Growth Factors

Flourishing tourist activities can prop up the growth of the global market over 2023-2030

Rise in the number of people in outdoor sports activities including skiing and supportive government policies will prompt the global ski gear and equipment market. The expansion of the global market can be credited to the cost-efficiency of equipment and easy access to less labor-intensive methods. Apart from this, the thriving tourism industry will contribute majorly towards the growth of the global market over the upcoming years. As per the World Bank Group, global tourist arrivals increased from 1.30 billion in 2016 to 1.35 billion in 2017. Increase in snow sports events including various kinds of skiing events such as cross-country skiing, alpine skiing, and ski touring will drive the global market trends. Commercialization of snow sports and growing awareness about the use of helmets and gears in these sports has prompted the growth of the market across the globe.

Easy access to strong infrastructure availability for snow sports and consumer inclination towards snow-related events will steer the expansion of the global market. Positive outlook of people and governments towards snow sports has facilitated the scope of the growth of the global market.

Ski Gear and Equipment Market: Hindrances

Accidental deaths caused due to falls from mountain tops during skiing can impede the global industry surge

Severe collisions and the presence of mountain avalanches can hinder the global ski gear and equipment industry growth. Fluctuating costs of raw materials used in producing the ski gear and equipment can further retard the growth of the global industry.

Ski Gear and Equipment Market: Opportunities

Growing popularity of leisure activities and adventure sports will offer new growth avenues for the global market

Increase in winter tourism and adventure sports across the globe will open new growth avenues for the global ski gear and equipment market. Increase in new product launches and thriving tourist activities in countries such as India, China, and Japan will shape the dimensions of the growth of the global market.                

Ski Gear and Equipment Market: Challenges

Stringent laws regulating the organizing of winter sports activities due to global warming can put a big challenge for the global industry

Strict government laws governing the organization of winter sports due to climatic changes and heavy snowfall along with high equipment costs can be a big challenge for the growth of the global ski gear and equipment industry.

Ski Gear and Equipment Market: Segmentation

The global ski gear and equipment market is sectored into product, application, distribution channel, and region.       

In terms of product, the global ski gear and equipment market is divided into the clothing, footwear, head gear, and ski & poles segments. Furthermore, the clothing segment, which accounted for more than 55% of the global market share in 2022, is slated to retain its domination status even during 2023-2030. The segmental surge in the next eight years can be owing to the growing adoption of advanced designs in the various kinds of ski clothing including ski suits, jackets, ski pants, and a moisture-wicking base layer.

The manufacturers of ski clothes are focusing on producing new products for fulfilling the changing customer demand for advanced technology. Citing an instance, in 2016, Helly Hansen, a key manufacturer of winter sports equipment, introduced radar-sensitive pants for sports activities such as skiing. These clothes have upgraded rescue systems that possess sensors that can help in the identification of the skier when he or she is trapped in snow-clad mountainous regions.  

On the basis of the application, the global ski gear and equipment industry is sectored into male, kids, and female segments. The male segment, which accounted for the major share of the global industry in 2022, is set to record the fastest CAGR over the forecast timeline. The growth of the segment in the coming years can be due to surging awareness about skiing as a major leisure activity among males in developed countries such as France, Germany, and the UK.

Based on the distribution channel, the global ski gear and equipment market is divided into supermarkets/hypermarkets and online retail stores segments. The supermarkets/hypermarkets segment, which contributed a major share of the global market in 2022, is set to record the dominant segmental space in the coming years. The growth of the segment in the forecasting years can be due to easy access to ski devices as well as gear products on shelves of supermarkets or hypermarkets that assist the end-users in selecting an array of ski & gear sports instruments.

Recent Breakthroughs

• In the first half of 2022, Liesheng and Amer Sports entered into a deal in which the latter divested Suunto to Liesheng. Moreover, the move will help Amer Sports in setting up renowned sports brands as well as direct-to-customer channels in economies such as the U.S. and China. The initiative will benefit the growth of the ski gear and equipment market across the globe.
• In the second half of 2021, Fischer Sports declared that it will add a new product to the alpine product portfolio in the ski & boot category. The move is likely to expand the scope of the ski gear and equipment industry across the globe.
• In the first half of 2021, NuORDER, a key player in the B2B e-commerce business, announced its partnership agreement with Black Diamond Equipment, the key player in manufacturing climbing, mountain sports equipment, skiing, and clothes. The move will boost the expansion of the global ski gear and equipment industry.

Ski Gear and Equipment Market: Report Scope

Ski Gear and Equipment Market: Regional Insights 

North American Ski Gear and Equipment market to accrue the highest revenue share over 2023-2030

North America, which accounted for over 35% of the global ski gear and equipment market revenue share in 2022, is anticipated to dominate the regional market growth over the forecast timeline. The regional market surge over 2023-2030 can be due to the huge purchasing capacity of the customers in the countries such as the U.S. and Canada. Apart from this, the rise in the recreational activities witnessed in these countries will prompt the growth of the market in North America.  Moreover, the rise in the number of women skiers with the launching of new products focusing on women’s safety is predicted to enhance the demand for ski equipment and gear in the coming years.

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On the other hand, the ski gear and equipment industry in Asia-Pacific is predicted to record the fastest CAGR of 7.5% in the forthcoming years. The regional market expansion over the forecast timeline can be due to supportive government initiatives on snow-related sports events held in the countries such as China and Japan.

Ski Gear and Equipment Market: Competitive Space

The ski gear and equipment market profiles key players such as:

• Marker Volkl (International) Sales GmbH
• Helly Hansen
• Amer Sports Oyj
• Fischer Beteilgungsverwaltungs GmbH
• The Burton Corporation
• Skis Rassignol S.A.
• Volcom LLC
• Icelantic LLC
• Coalition Snow.

The global ski gear and equipment market is segmented as follows:

By Product

• Clothing
• Footwear
• Head Gear
• Ski & Poles

By Application

• Male
• Kids
• Female

By Distribution Channel

• Supermarkets/Hypermarkets
• Online Retail Stores

 By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa