Global Ski Touring Equipment and Apparel Market revenue is estimated to be $XX Billion in 2019 and shall grow with a CAGR of 3.2% during the forecast period of 2019 to 2026.
Ski touring equipment and apparel refers to the equipment and apparel utilized in ski activities. An extensive range of ski and snow sports products are manufactured by companies around the globe to facilitate efficiency and safety in ski activities. The apparels are equipped with features and specifications such as extra storage, multiple pockets, and modification in the use of fabric material made up of comfortable and lightweight Fabrics which can be used to manufacture abrasion, wrinkle, tear, and shrunk resistant clothes.
History and forecast of Snow/ski equipment and apparel market
Manufacturers of snow sports gears and ski touring equipment are now more focused on developing, manufacturing, and launching new products through innovative ideas to fulfill the latest emerging and changing requirements and demands of consumers. They are achieving this goal by using advanced technologies and improved infrastructure. An extensive range of ski and snow sports products are manufactured by companies around the globe to facilitate efficiency and safety in ski activities. One of the trends driving innovation in the ski equipment industry are the innovative ideas that have been taken to boost participation in skiing.
Analyzed data and statistics-
The most expensive yet high in-demand types of equipment in skiing is Skis and boots. The European market is the largest consumption market in terms of skiing gears and equipment of the world, with around 56.29% in 2015-2016, which covers more than half of the market. This is followed by the second largest market of these items, North America, which includes and contributes approximately 20.18% on a global level. Japan, China, and Europe have more than almost 95% market in Asia.
Analysis by Application-
Alpine skiing is divided into technical events and speed events. Various equipment used in Alpine skiing is bindings, helmets, boots, and skis. There has been a massive scale development in the Alpine skiing industry, which is attracting a large number of individuals towards the sport, ultimately increasing the market for ski gears, etc. The most profitable market for Alpine ski equipment is not America, which is anticipated to cross 200 US$ until 2023.
Analysis by Growth and Trends
The growing popularity of outdoor sports and expansion of the tourism industry are showing an international trend where people are indulging in snow sports including skiing. Moreover, the number of participants in snow sports has increased on account of increasing awareness regarding different kinds of the ski including ski touring, Alpine skiing, and cross-country skiing. The global ski equipment and gear market is anticipated to experience an increase in demand as a result of the commercialization of skiing and the smoothness and safety associated with it. Wider availability of advanced and innovative designs of various types of clothing for skiing, including ski suit, ski jackets, ski pants, and a moisture wicking base layer further propels the market growth. For instance, radar-sensitive pants have been effective in updating the rescue system which helps in identifying the location if a skier is trapped in snow. With an increasing number of injuries related to snow sports, the headgear category is anticipated to be the fastest-growing product segment. There are suits that detect the movements of a skier and expands into an airbag to prevent one from suffering injuries in case of a fall or slip. These are major factors fostering the market growth for ski touring equipment and clothing. Easy availability of ski equipment and apparel in supermarkets enables consumers to select a wide range of products, which in turn boosts the expansion of the distribution channel in the future. Further, the online segment will expand as a result of the presence of a wide range of e-commerce portals that provide value-added services including cashback benefits and doorstep delivery.
However, with the tourism industry having been hit by the Covid-19 pandemic, there has been a sudden slowdown in the market growth of ski touring equipment and apparel, a temporary challenge across the globe.
Analysis by company outlook
Burton, Rossignol, Salomon, Ficher, and Atomic are the top 5 manufactories in terms of snow sports/Ski equipment and gears of the world. The top five companies take the lead when compared to the others as they have more than around 21% of the global market. Few other manufacturers with high production, price, revenue, and market share are, Swix, Mapplus, Dominator, Holmenkol, Hertel Wax, etc. The worldwide market for Ski equipment and gear is expected to grow at a CAGR of roughly 4.1 % over in the future five years approximately. This will reach an estimated value of 6850 million US$ in 2024. From the past cost of 5400 million US$ in 2019.
• Market Revenue Estimation and Forecast (2019 – 2026)
• Market Production Estimation and Forecast (2019 – 2026)
• Market Sales/Consumption Volume Estimation and Forecast (2019 – 2026)
• Breakdown of Revenue by Segments (2019 – 2026)
• Breakdown of Production by Segments (2019 – 2026)
• Breakdown of Sales Volume by Segments (2019 – 2026)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
• Regional Analysis and Market Data Breakdown
By its product type ($Revenue and Unit Sales, 2019-2026)
• Ski Boots
• Skies and Snowboard
• Ski protection
• Ski Apparel
By Application Outlook ($Revenue and Unit Sales, 2019-2026)
By Distribution channel
• Online Retail Stores
• Offline Retail Stores
By Regional Outlook ($Revenue and Unit Sales, 2019-2026)
• North America
o The U.S.
o New Zealand
• Latin America
• Middle East & Africa
o Saudi Arabia
List of Companies Profiled.