July 12, 2024

Skiing Equipment Segment Is The Largest Segment Driving The Growth Of Ski Gear And Equipment Market

Ski gear and equipment refers to products used in skiing and snowboarding sports. It includes skiing clothing, protective gear, skiing boots, bindings, and others. Such products provide support, safety, and comfort during skiing activities.

The global Ski Gear and Equipment Market is estimated to be valued at US$ 1,332.4 Mn or Bn in 2023 and is expected to exhibit a CAGR of 2.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the ski gear and equipment market is the development of innovative skiing products. Manufacturers are focusing on developing advanced skiing gear and equipment made from lightweight yet durable materials for enhanced performance, comfort, and safety. For instance, high-performance ski apparel is incorporated with breathable and waterproof fabrics to keep skiers warm and dry. Similarly, ski boots are integrated with customized foam padding and responsive buckles for improved sensitivity and comfort. Such innovative product developments are expected to boost the demand for ski gear and equipment over the forecast period.

SWOT Analysis
Strength: Ski gear and equipment market have strong industry players with established brand names and loyal customer base. Products offered provide safety, convenience and enhance skiing experience.
Weakness: High costs associated with ski gear limits potential customers. Weather dependency makes demand seasonal in nature.
Opportunity: Growth of adventure and winter sports tourism in newer locations provides scope for market expansion. Innovation in materials can help provide high-performance gear at affordable prices.
Threats: Threat from substitute winter sports like snowboarding. Stringent regulations regarding raw material sourcing and manufacturing.

Key Takeaways

The global ski gear and equipment market is expected to witness high growth, exhibiting CAGR of 2.9% over the forecast period, due to increasing popularity of skiing as a adventure sport. Better infrastructure and resorts in newer locations is also driving the market.

Regional analysis

North America dominated the ski gear and equipment market in 2023, accounting for around 35% of global share. Presence of major players, developed infrastructure for skiing and large number of ski resorts have been driving the North America market. Europe is also a significant market for ski gear owing to strong participation in winter sports in countries like France and Switzerland.

Key players

Key players operating in the ski gear and equipment market are Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteiligungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation, and Volcom LLC. Major players are focused on introducing innovative product types to attract more customers and expand into newer regions.

*Note:

1.Source: Coherent Market Insights, Public sources, Desk research

2.We have leveraged AI tools to mine information and compile it