Industry Background:
Increasing popularity of adventure activities will help to boost global avalanche air bags market in the foretasted periods. Avalanche airbags are safety gear intended to avoid the wearer from being buried while skiing and mountaineering. Avalanche airbags are designed in a way that develops their functionality of uplifting the user, maintaining his/her position above snow surface. In an avalanche, larger objects increase to the surface, while minor objects sink to the bottom. An airbag system incorporated into a backpack, with a large balloon or balloons that inflates at the pull of a cord, is designed to make the person wearing it larger so that they naturally upsurge to the surface of the snow.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | ABS Protection GmbH (United States), Arc'teryx (Canada), Black Diamond Equipment Ltd. (United States), Scott Sports (Switzerland), Osprey Packs (United States), Backcountry Access (United States), Mystery Ranch (United States), Arva Corporation (Indonesia), ABS Protection GmbH (Germany), Mammut (Switzerland) and Clarus Corporation (United States) |
According to AMA, the market for Avalanche Air Bags is expected to register a CAGR of 5.9% during the forecast period to 2028. This growth is primarily driven by Increasing Popularity of Ski Touring and Freeriding and Huge Demand Due To Online Availability.
Globally, a noticeable market trend is evident Increasing Avalanche Fatalities to Trigger Adoption of Avalanche Airbags
The Apparel, Accessories & Luxury Goods sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as ABS Protection GmbH (United States), Arc'teryx (Canada), Black Diamond Equipment Ltd. (United States), Scott Sports (Switzerland), Osprey Packs (United States), Backcountry Access (United States), Mystery Ranch (United States), Arva Corporation (Indonesia), ABS Protection GmbH (Germany), Mammut (Switzerland) and Clarus Corporation (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The key player in the avalanche airbags market are largely focusing on new product developments in a bid to improve user convenience, experience and safety. New acquisitions have taken place in the avalanche airbags marketplace, as new companies are entering the market by acquiring avalanche airbags manufacturers.
Key Developments in the Market:
In November 2021, Osprey Packs, Inc. was acquired by Helen of Troy Limited, a designer, developer and worldwide marketer of consumer branded household, health, home and beauty products. We have a wide range of backpacks and daypacks for hiking, climbing, skiing, mountaineering, mountain biking, trail running, commuting and school, as well as rugged adventure travel bags, wheeled suitcases and travel accessories. The company sees this acquisition as an important next step as it advances its strategic goal of acquiring and investing in businesses that can accelerate profitable growth in categories that can add value and leverage scalable shared services and operating platforms.
In February 2022, ORTOVOX and Arc’teryx, two global leaders in mountain safety equipment and apparel, have teamed up to develop a boundary-pushing new avalanche airbag technology for Winter that is lightweight, intuitive, and reliable. Made possible by a special collaboration, LiTRIC technology enables both brands to produce airbag systems that weigh just 2.4 pounds and feature an electronic system run by supercapacitors and a long-lasting Lithium Ion battery that hold 60 hours of charge for at least two inflations.
Regulatory Insights:
FAA’s Hazardous Materials Regulations state that avalanche rescue backpacks are not allowed in baggage in the U.S. unless the gas cylinder is empty and there is no explosive charge. JetForce Avalanche Airbags do NOT contain a compressed gas cartridge, an explosive charges or an explosive trigger (squib).
Influencing Trend:
Increasing Avalanche Fatalities to Trigger Adoption of Avalanche Airbags and Growing Skiing and Snowboarding Participation Influencing Sales of Avalanche Airbags
Market Growth Drivers:
Increasing Popularity of Ski Touring and Freeriding and Huge Demand Due To Online Availability
Challenges:
Growing Concern Related higher possibility of avalanche fatalities
Restraints:
High Price associated with Avalanche Air Bags
Opportunities:
Huge Demand from Emerging Countries Owing to Increasing Popularity
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Avalanche Air Bags Market
- Analysis about New Entrants in Avalanche Air Bags Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Avalanche Air Bags Study Sheds Light on
The Avalanche Air Bags Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Avalanche Air Bags industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Avalanche Air Bags industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.