What Is The Predicted Revenue Outlook For The Ski Equipment And Gear Market To Surpass $1.87 Billion?
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What Are The Future Growth Projections For The Ski Equipment And Gear Market Size?
In recent times, there has been a consistent rise in the market size of ski equipment and gear. From the year 2024, the market value is predicted to increase from $1.57 billion to $1.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 2.4%. The past growth trends can be linked to factors such as the expansion of winter tourism, economic growth, the impact of Olympic and other sporting events, marketing and sponsorship initiatives, and the popularity of winter sports culture.
The ski equipment and gear industry is predicted to experience a consistent expansion in the forthcoming years, reaching a market size of $1.87 billion in 2029 at a compound annual growth rate (CAGR) of 3.9%. The projected growth over this period can be linked to factors such as increasing interest in outdoor activities, health and wellness trends, use of sustainable and eco-friendly products, worldwide sporting events, and supportive government schemes and policies. Key trends during this forecast period encompass a digital shopping scene, innovative material developments, technological enhancements, tech-integrated equipment, and the rise of backcountry and off-piste gear.
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Which Growth Drivers Are Shaping The Ski Equipment And Gear Market Outlook?
The surge in outdoor sports activities is anticipated to drive the expansion of the ski equipment and gear market in the future. Outdoor sport involves physical activities and sports conducted in an outdoor setting, including necessary facilities like sports fields, skateboard parks, trails, and outdoor equipment. Properly designed and well-adjusted ski equipment and gear can enhance performance, increase safety, and enrich enjoyment during these outdoor activities. For example, in June 2023, the Outdoor Industry Association, a US-based membership organization, reported a 2.3% rise in the outdoor participant base in 2022, achieving a milestone of 168.1 million participants, as opposed to 164.2 million in 2021. Consequently, the rising prevalence of outdoor sports activities is propelling the expansion of the ski equipment and gear market.
How Is The Ski Equipment And Gear Market Organized By Different Segments?
The ski equipment and gear market covered in this report is segmented –
1) By Product: Clothing, Headgear, Ski And Poles, Footwear, Other Products
2) By Application: Male, Female, Kids
3) By Distribution Channel: Supermarkets And Hypermarkets, Convenience Stores, Online
Subsegments:
1) By Clothing: Ski Jackets, Ski Pants, Base Layers, Ski Gloves And Mittens, Ski Socks
2) By Headgear: Ski Helmets, Ski Goggles, Beanies And Headbands, Balaclavas
3) By Ski And Poles: Skis (Alpine, Freestyle, Backcountry), Ski Poles, Ski Bindings
4) By Footwear: Ski Boots, Snowboard Boots, Snowshoes
5) By Other Products: Ski Bags And Storage Solutions, Avalanche Safety Gear, Maintenance And Repair Tools
What Current And Upcoming Trends Are Shaping The Ski Equipment And Gear Market?
Top-tier firms in the ski equipment and gear market are taking measures to provide cutting-edge solutions, such as online rental services, to compete more effectively. These online rental services supply items from ethical clothing brands and bring them straight to the customer’s doorstep, with the alternative of collecting the items after use for sanitizing and cleaning. To illustrate, Balenciaga, a leading fashion house based in Paris that creates, produces, and sells ready-to-wear footwear, bags, and accessories, introduced its inaugural Skiwear collection in October 2023. Balenciaga, by releasing a series of high-tech clothing items, accessories, and functional sports gear, aims to serve both fashion-oriented consumers and those passionate about winter sports. With the incorporation of high-performance materials, Balenciaga intends to provide fashionable yet functional skiing options.
Who Are The Primary Market Leaders In The Ski Equipment And Gear Market?
Major companies operating in the ski equipment and gear market include Decathlon SA, Amer Sports, Tecnica Group S.p.A, K2 Sports LLC, Fischer Beteiligungsverwaltungs GmbH, Groupe Rossignol, Head Skis, Clarus Corp, Helly Hansen, Skis Rossignol S.A., Salomon, Alpina DOO, Black Diamond, ELAN D.O.O., Surefoot, Armada, Blizzard Sport GmbH, Icelantic LLC, Black Crows, Dynastar, Faction Skis, Kastle, Full Tilt Boots Global, ATK Bindings, Coalition Snow, Crosson Ski, Liberty Skis, Look Bindings, Stockli Swiss Sports AG, 4FRNT Skis LLC, Atomic Austria GmbH
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How Do Regional Dynamics Influence The Ski Equipment And Gear Market Performance?
North America was the largest region in the ski equipment and gear market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ski equipment and gear market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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