What is Winter Sports Equipment Market?
Winter sports equipment are intended to help the user in every sport related to the winter Whether a skier, a snowboarder, or an outdoor runner in any temperature, the user has to be the best winter sports equipment. It comprises of snow athletic gear, clothing, and another top of line fundamentals to get you through the chilly season. According to the research Every year, thousands of youths and adults are harmed by winter downhill slant activities, such as snow skiing, snowboarding, sledding, and sledding. As indicated by the National Electronic Injury Surveillance System of the U.S. Purchaser Product Safety Commission (CPSC), in excess of 241,700 winter sports-related wounds were treated in clinic crisis divisions, specialists' workplaces, and facilities in 2014. The clinical, lawful, work misfortune, and agony, and enduring expenses related to these wounds added up to more than USD6.65 billion. Moreover, the demand for Winter Sports Equipment is booming owing to the Innovations in winter sports equipment is triggering growth.
The market study is being classified by Type (Ski, Skis and Poles, Ski Boots, Other Protective Gear and Accessories and Snowboard), by Application (Skiing, Ice hockey, Snowboarding and Figure skating) and major geographies with country level break-up.
American Athletic Shoe(United States), BAUER Hockey(United States), NIDECKER(United States), Amer Sports Oyj (Finland), ROCES(United States), SCOTT Sports (Switzerland), Skis Rossignol (Switzerland), Clarus Corporation (United States), Tecnica Group SpA (Italy) and Burton Snowboards(United States) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Fischer Beteiligungsverwaltungs GmbH (Austria) and Marker Dalbello Völkl (International) GmbH (Switzerland).
The companies are exploring the market by adopting expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Winter Sports Equipment market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Winter Sports Equipment market by Type, Application and Region.
On the basis of geography, the market of Winter Sports Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing in need of Winter Sports Equipment used in various applications such as skiing, ice hockey, snowboarding, and figure skating.
- The rising participation rate in professional ice hockey competitions
Market Trend
- The increasing online sales channel
Restraints
- Fluctuated price of raw material
Opportunities
- Owing to the increased popularity of winter sports in developing economies, the demand for various winter sports equipment has grown considerably in recent years
Challenges
- Availability of local manufacturers
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Winter Sports Equipment Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry