The market for winter sports equipment is expected to grow rapidly, with a projected CAGR of 4.1% from 2021 to 2031 and an estimated market value of $15,341.7 million. The rise in popularity and quantity of sporting events, rising consumer interest in outdoor sports, rising household income levels, rising awareness of the mental and physical health benefits of winter sports, and the availability of cutting-edge product offerings are the main factors fueling the market’s expansion.
An increasing number of people are taking up winter sports including skiing, snowboarding, ice hockey, and other winter activities around the world. The need for winter sports equipment has increased due to the growing popularity of winter sports competitions and events, such as the Winter Olympics and World Championships. To improve their performance and safety while engaging in various athletic activities, participants and aficionados are increasingly investing in high-quality, performance-oriented equipment.
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In addition, people are becoming more and more aware of the psychological and physical advantages of participating in winter sports. Winter sports offer possibilities for social contact, outdoor recreation, and physical activity, enhancing both physical and mental health. Equipment for winter sports is increasingly in demand as people realise the value of living an active lifestyle.
The market for winter sports equipment is also expanding as people’s interest in outdoor activities and sports that are based on nature grows. Winter sports gear like skis, snowboards, and ice skates are in high demand as consumers look for ways to get outside and experience new things. Manufacturers are responding to this trend by releasing cutting-edge items, which is further boosting market expansion.
The popularity of sporting events, increased knowledge of the health advantages of winter sports, rising consumer interest in outdoor recreation, and the availability of cutting-edge product offerings will all contribute to the significant growth of the global market for winter sports equipment. Businesses in this industry, with a predicted valuation of over $15,000 million by 2031, can take advantage of the expanding demand for winter sports equipment to grow significantly and meet the varied needs of winter sports enthusiasts around the world.
Highlighted with 80 tables and 85 figures, this 159-page report “Global Winter Sports Equipment Market 2021-2031 by Product (Ski, Poles, Snowboard, Bindings, Boots, Ice Hockey Sticks, Accessories, Others), Sport (Skiing, Ice Hockey, Snowboarding, Ice Skating, Sledding, Others), Application (Outdoor, Indoor), End User (Adults, Kids), Distribution Channel (Supermarket & Hypermarket, Specialty Stores, Online Sales, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global winter sports equipment market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and the Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global winter sports equipment market in every aspect of the classification from perspectives of Product, Sport, Application, End User, Distribution Channel, and Region.
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Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Ski
- Poles
- Snowboard
- Bindings
- Boots
- Ice Hockey Sticks
- Accessories
- Other Products
Based on Sport, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Skiing
- Ice Hockey
- Snowboarding
- Ice Skating
- Sledding
- Other Sports
By Application, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Outdoor Activities
- Indoor Activities
By End User, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Adults
- Kids
By Distribution Channel, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Supermarket & Hypermarket
- Specialty Stores
- Online Sales
- Other Distribution Channels
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, Other Nations)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by Product, Sport, and Distribution Channel over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Amer Sports Corporation
- BAUER Hockey LLC
- Clarus Corporation
- ELAN D.O.O.
- Fischer Sports GmbH
- Head UK Ltd.
- Icelantic LLC
- Rossignol Group
- Sport Maska Inc.
- Volkl Sports GmbH & Co. Kg
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