Market Snapshot:
Ski Boots are the types of footwear that help the end-user to enjoy their skiing experiences with full proof security. These boots use binding in combination so that they can provide a secured and exclusive experience of skiing. The manufactures of these boots use specific materials that are specially dedicated to different applications such as (race skiing, mogul skiing, ski-mountaineering, etc.). Moreover, enhancing the interests of people in skiing. For example, the total number of visitors to skiing regions in the United States increased by about 11%, between 2018 and 2019. Thus driving the market in the forecasted period.
Segment Analysis
AMA Research have segmented the market of Global Ski Boots market by Type, Application and Region. On the basis of Type, Alpine Ski Boots are dominating the market in the year 2021
On the basis of geography, the market of Ski Boots 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). Europe region held largest market share in the year 2021. North America on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Trend
Increasing initiatives taken by various governments to promote skiing is one of the trending factor coupled with the rising interest of people towards exotic holidays in the snow. Moreover, the Indian government has also announced plans to construct new skiing areas in the country. Thus enhancing the people's attention towards their passion for skiing.
Market Drivers
The increasing number of skiers globally is one of the major reasons for market growth. According to statistics, it shows the number of active skiers and snowboarders in the United States (2017/18), there were 9.2 million active skiers and snowboarders in the United States. Hence making this market to grow at a higher pace.
Opportunities
Construction of Ski/Snowboard areas or resorts across the world is providing opportunities in this market. For instance, there are 66 countries with 2,131 ski resort areas globally. Countries such as (Germany, Italy, Switzerland, and France) are home to 35% of those resorts, & accounts for 38% of the global lift capacity. Moreover, overall, North America has 21% of the total market share of resort visits, the Alps account for 43%, and the Asia and Pacific region has 15% of the market share.
Restraints
- Less Awareness About These Platforms or Resorts in Emerging Economies
- Fluctuating Raw Material Prices
In addition to the aforementioned factor, The increasing number of skiers globally is one of the major reasons for market growth. According to statistics, it shows the number of active skiers and snowboarders in the United States (2017/18), there were 9.2 million active skiers and snowboarders in the United States. Hence making this market to grow at a higher pace. is expected to propel the growth of the market over the forecast period.
The key Vendors profiled in the study are Black Diamond (United States), DYNAFIT (Austria), Fischer (Germany), Full Tilt (United States), Garmont (Italy), Raichle (United States), Rossignol (France), Atomic (Austria), APEX SKI BOOTS (United States) and Dalbello (Italy). A lot of France and Italy players are profiled in the research study indicating a strong market dependence.