About Hard Adventure Sports Equipment
There are a vast number of hard adventure sports activities being conducted across the globe. In order to ensure safety of participants in such events the need had been felt to lay down the minimum acceptable standards in terms of equipment. Moreover, hard adventure sports include sporting activities that mostly involve a high degree of inherent risk. The demand for hard adventure sports equipment has increased due to growing adventure tourism industry and the increasing participation rates in adventure sports. Further, the popularity of hard adventure sports activities is gaining momentum worldwide
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Hard Adventure Sports Equipment market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Black Diamond (United States), Jarden (United States), Johnson Outdoors (United States), VF (United States), AMG Group (United States), Big Agnes (United States, Columbia Sportswear (United States), Deuter Sport (Germany), Dive Rite (United States) and Exxel Outdoors (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Gregory Mountain Products (United States), Jack Wolfskin (Germany), Mad Rock Climbing (United States), Omega Pacific (United States), Osprey Packs (United States) and Petzl (France).
Segmentation Overview
AMA Research has segmented the market of Global Hard Adventure Sports Equipment market by Type (Climbing Equipment, Cycling Equipment, Caving Equipment and Other), Application (Dry Land Sports, Water Sports and Air Sports) and Region.
On the basis of Type, Climbing Equipment are dominating the market in the year 2023 where as Cycling Equipment stood as second largest market share.
On the basis of application, Dry Land Sports segment is dominating the market in the year 2023 where as Water Sports segment stood as second largest market .On the basis of geography, the market of Hard Adventure 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). North America region held largest market share in the year 2023. Asia Pacific, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Sales Channel, the sub-segment i.e. Independent Retailers will boost the Hard Adventure Sports Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of improved quality products and Growing online research
Market Growth Drivers:
Influence of growth in the adventure tourism industry and Resulting benefits of adventure sports like physical and mental fitness
Challenges:
High risk factors related with hard adventure sports and Unfavorable climate circumstances
Restraints:
Growing preference for rentals
Opportunities:
Increasing participation in outdoor recreational activities
Market Leaders and their expansionary development strategies
In October 2023, Clarus Corporation, a global company focused on the outdoor and consumer enthusiast markets, has acquired Australian-based TRED Outdoors Pty Ltd. from Venlo Holdings. TRED is a fast-growing, outdoor adventure brand producing best-in-class innovative products across the following segments: Offroad, 4x4 automotive touring, camping and caravans. The transaction includes a combination of cash, stock and future consideration based on TRED’s performance. TRED will continue to operate independently as a wholly-owned indirect subsidiary of Clarus and will be part of the Company’s Adventure segment.
In May 2023 , Timberland and icebreaker join forces for the first time to present a capsule designed for the present, with the future in mind in the Timberland® x icebreaker collection. The two brands, born on different sides of the earth, are united by a commitment to craftsmanship, nature, and reducing impact on the environment. Embracing icebreaker's 'Move to natural' mindset and Timberland's work and outdoor heritage, the collection aims to bridge the gap between urban and natural environments with pieces designed to take you from the city to the outdoors, and back again.
Key Target Audience
Manufacturers of hard adventure sports equipment, Suppliers of hard adventure sports equipment parts, Wholesalers, distributers and retailers of hard adventure sports equipment, Sports industry, Tourism industry, End user, Online retailors and Governmental bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.