Global Ski Equipment & Gear Market is Estimated to Value USD 1.6 Billion By 2025: Grand View Research, Inc

November 07 00:20 2019
Global Ski Equipment & Gear Market is Estimated to Value USD 1.6 Billion By 2025: Grand View Research, Inc

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global ski equipment & gear market size was valued at USD 1.4 billion in 2018 and is anticipated to expand at a CAGR of 2.7% over the forecast period.

The global Ski Equipment And Gear Market size is expected to reach USD 1.6 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 2.7% over the forecast period. Increasing participation in the outdoor recreational sports including skiing at a global level is expected to remain a favorable factor. Furthermore, rising importance of rental skiing as a key service offering that provides convenience, professional expert advice, and product availability at affordable prices is expected to open new avenues for the market in the near future.

Growth of the tourism industry is one of the key factors increasing ṅthe spending on skiing, which, in turn, is expected to promote the scope of various sports equipment. The World Bank Group revealed that the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. Furthermore, emergence of the Indian Himalayas as a snow sports hub as a result of supportive government policies aimed at the development of hill stations, including Auli and Manali, is expected to open new industry avenues.

Product innovation is expected to remain a critical success factor over the next few years. For instance, in 2016, Scott Sports launched Walkable Ski Boot to provide the skiers optimum grip during skiing. Moreover, these boots are designed in such a way that it can be used for normal walking, thereby making them effective and comfortable in nature.

For instance, in 2018, Salmon S.A.S. launched Salomon QST 99, a lightweight ski to provide a better and smooth experience of skiing so that the customer can achieve more speed with less effort. Moreover, in 2018, Oakley Inc. launched Inferno Prizm Goggles. With this new product, the company is providing anti-fogging feature to the customers with the help of an electric heat current to clear the glasses.

Ski Equipment & Gear Market

Request a Sample Copy of the Global Ski Equipment & Gear Market Research Report @ https://www.grandviewresearch.com/industry-analysis/ski-equipment-gear-market/request/rs1

Further key findings from the report suggest:

  • By product, clothing dominated the global ski equipment & gear market with an overall share of 32.5% in 2018. Headgear is expected to expand at a CAGR of 3.3% from 2019 to 2025
  • By distribution channel, supermarkets/hypermarkets accounted for a share of 44.2% in 2018
  • North America dominated the market in 2018, accounting for 42.4% share of the global revenue
  • Key industry players include Amer Sports Oyj, Black Diamond Equipment, Ltd., Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, The Burton Corporation, Volcom LLC, and Helly Hansen.

Ski Equipment & Gear Market trends

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Grand View Research has segmented the global ski equipment and gear market on the basis of product, application, distribution channel, and region:

Ski Equipment & Gear Product Outlook (Revenue, USD Million, 2015 – 2025)

  • Clothing
  • Headgear
  • Poles
  • Footwear
  • Others

Ski Equipment & Gear Application Outlook (Revenue, USD Million, 2015 – 2025)

  • Male
  • Female
  • Kids

Ski Equipment & Gear Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)

  • Supermarkets/Hypermarkets
  • Convenience Stores
  • Online

Ski Equipment & Gear Regional Outlook (Revenue, USD Million, 2015 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • U.K.
    • Germany
    • Russia
  • Asia Pacific
    • Japan
    • China
  • Central & South America
  • Middle East & Africa

Browse Related Reports @

Footwear Market: https://www.grandviewresearch.com/industry-analysis/footwear-market

Men’s Wear Market: https://www.grandviewresearch.com/industry-analysis/mens-wear-market

About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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Website: https://www.grandviewresearch.com/industry-analysis/ski-equipment-gear-market

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