NEW YORK, July 23, 2024 /PRNewswire/ -- The global ski
equipment market size is estimated to grow by USD 430.2 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 4.33%
during the forecast period. Increasing participation rate in skiing
and other snow sports is driving market growth, with a trend
towards rising trend of freeride skiing. However, high cost of
ski equipment poses a challenge. Key market players include
ANTA Sports Products Ltd., Burton Corp., Clarus Corp., Crosson,
Decathlon SA, Fischer Sports GmbH, Gi.Di. Meccanica S.p.A.,
Icelantic LLC, INEMOTION INC., K2 Sports Europe GmbH, KJK Sports,
Kneissl Tirol GmbH, LIVALL Tech Co. Ltd., Ober Alp SPA, Rhythm
SnowSports, Group Rossignol USA
Inc., SKIWAX, Stöckli Swiss Sports AG, Tecnica Group SpA, and Volkl
Int. GmbH.
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Ski Equipment Market
Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.33%
|
Market growth
2024-2028
|
USD 430.2
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
4.21
|
Regional
analysis
|
Europe, North America,
APAC, South America, and Middle East and Africa
|
Performing market
contribution
|
Europe at
48%
|
Key
countries
|
US, Japan, France,
Austria, and Italy
|
Key companies
profiled
|
ANTA Sports Products
Ltd., Burton Corp., Clarus Corp., Crosson, Decathlon SA, Fischer
Sports GmbH, Gi.Di. Meccanica S.p.A., Icelantic LLC, INEMOTION
INC., K2 Sports Europe GmbH, KJK Sports, Kneissl Tirol GmbH, LIVALL
Tech Co. Ltd., Ober Alp SPA, Rhythm SnowSports, Group Rossignol USA
Inc., SKIWAX, Stöckli Swiss Sports AG, Tecnica Group SpA, and Volkl
Int. GmbH
|
Market Driver
Freeride skiing is a popular snow sport involving un-groomed
terrain without set courses or rules, gaining significant traction
in North America and Europe. The Freeride World Tour and Sprint US
Grand Prix series are major events fueling market growth. Consumer
awareness of fitness, increased spending, and numerous snow regions
drive demand. Safety is paramount, necessitating varied equipment
for optimal performance and protection. These factors contribute to
the expansion of the global ski equipment market throughout the
forecast period.
The ski equipment market is thriving with trends in ski gear and
equipment, including skis, boots, and poles. Farmers and hunters,
as well as participants in outdoor sports, are increasingly turning
to skiing as a popular lifestyle choice. Ski infrastructure, such
as ski resorts and marked ski runs, attract millions of skier
visits each year. However, safety concerns, including head injuries
and collisions, remain a priority. Advanced technology and global
regulations are driving innovation in ski equipment, from cambered
skis to helmets. Brands like Black Diamond Equipment and Coalition
Snow lead the industry in skiing apparel and equipment. The
Olympics and other adventure sports events fuel participation,
making skiing a growing sector in the outdoor activities market.
Affordable resorts and advanced technology continue to expand the
ski industry's reach, with distance and area offering new
opportunities for alpine touring and snowboarding.
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Market Challenges
- The ski equipment market is characterized by significant
investments due to the high costs associated with winter sports.
According to the International Olympic Association, the average
cost per athlete for Winter Games is approximately double that of
Summer Games, with ski equipment
accounting for a larger portion of the expenses. The average cost
per athlete for Winter Games is around USD1.3 million, and apparel makes up
approximately 40% of the total cost. Ski equipment, considered a
luxury item, has seen an increase in prices over the years. For
instance, a ski jacket can range from USD40 to USD250.
The manufacturing of ski equipment involves specific materials and
technologies to ensure safety and warmth for players. Despite these
investments, the high cost of ski equipment may hinder market
growth during the forecast period.
- The ski equipment market faces several challenges. Collisions
on the slopes continue to be a concern, leading to a focus on
helmet usage and safety. Lifestyle trends impact skiing apparel and
footwear choices. Direct-to-consumer channels disrupt traditional
sales models. Brands like Black Diamond Equipment and Coalition
Snow innovate with advanced technology. Skiing, an adventure sport,
is growing, with the Olympics boosting participation. Global
regulations and national laws shape the industry. Ski equipment and
clothing sales depend on consumer spending, with males and females
having different preferences. Apparel, footwear, and safety gear
are essential categories. Affordable resorts in tourist hotspots
attract skiers, including those new to skiing and snowboarding,
alpine touring, cross-country skiing, and skiing groups. Skiing's
popularity increases awareness of safety concerns and the
importance of proper equipment. The market includes ski resorts,
skiing apparel, and skiing equipment. Consumers seek quality and
value, driving innovation in the industry. Safety, convenience, and
comfort are key considerations for skiers. Fold towels and box
towels cater to these needs. The market's future lies in addressing
these challenges while providing enjoyable and safe experiences for
skiers.
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Segment Overview
This ski equipment market report extensively covers market
segmentation by
- Product
- 1.1 Skis and poles
- 1.2 Ski boots
- 1.3 Ski bindings
- 1.4 Ski protective gear
- Distribution Channel
- Geography
- 3.1 Europe
- 3.2 North America
- 3.3 APAC
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Skis and poles- Ski poles are essential tools
for skiing, assisting skiers in moving forward on flat surfaces and
for pole planting during intermediate and advanced skiing
techniques. Various types of ski poles exist, catering to different
skiing styles and materials. The length of ski poles is measured in
centimeters, from the grip to the tip. Skiing's popularity in
North America and Europe, due to abundant mountainous regions
and heavy snowfall, fuels the ski equipment market's growth. The
International Ski Federation (FIS) governs ski sports, including
the FIS Alpine World Ski Championships, FIS Nordic World Ski
Championships, FIS Freestyle World Ski Championships, FIS Ski
Flying Championships, and the Winter Olympics. Market expansion is
driven by skiing infrastructure development, increased skiing
tournaments, and a growing number of female skiing
participants.
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analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
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reports
The global cricket equipment market is witnessing substantial
growth due to the rising popularity of the sport worldwide.
Meanwhile, the global surface water sports equipment market is
expanding as more people engage in activities like kayaking and
surfing. Similarly, the global ice hockey equipment market is
thriving, driven by increasing participation in ice hockey across
various regions. Key players in these markets are focusing on
innovation and quality to cater to the growing demand for
high-performance sports gear, enhancing the overall sports
experience for athletes and enthusiasts alike.
Research Analysis
The ski equipment market encompasses a wide range of products
designed for the popular winter sport of skiing. These include
skis, boots, and poles, each with advanced technology for optimal
performance. Skiers and snowboarders, ranging from farmers and
hunters to athletes and adventure seekers, rely on this equipment
for their sporting activities. Ski infrastructure, including
resorts and Olympics, plays a significant role in driving demand
for ski equipment and ski clothing. The ski industry continues to
evolve with new regulations, both global and national, shaping its
future. Affordable resorts and a growing interest in outdoor
activities further fuel market growth. Skiing apparel, towels
(folded or boxed), and distance and area measurement tools are
additional essentials for the skiing community.
Market Research Overview
The ski equipment market encompasses a range of gear and apparel
designed for the winter sport of skiing. This includes skis, boots,
and poles, as well as advanced technology like cambered skis.
Farmers, hunters, and outdoor enthusiasts participate in this
sporting activity, utilizing ski infrastructure such as ski resorts
and marked ski runs. Skier visits have been increasing due to
growing lifestyle trends and the popularity of adventure sports,
including skiing, snowboarding, alpine touring, and cross-country
skiing. Safety concerns, such as head injuries and collisions, have
led to an emphasis on helmet usage and consumer spending on ski
equipment and clothing. Direct-to-consumer channels and brands like
Black Diamond Equipment and Coalition Snow have disrupted
traditional sales models. Global regulations and national laws
impact the industry, while affordable resorts and tourist hotspots
attract a diverse range of skiers, from males to females. Skiing
apparel and skiing participation continue to grow, with the
Olympics and Winter Olympics further fueling interest in this
exciting and dynamic market.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Skis And Poles
- Ski Boots
- Ski Bindings
- Ski Protective Gear
- Distribution Channel
-
- Geography
-
- Europe
- North America
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
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technologies, spanning across 50 countries. Their client base
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Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio