The global winter sports equipment market size will grow with rising outdoor activities. Moreover, a notable surge in sports activities, including snowboarding, skiing and ice-skating, will encourage leading companies to invest in the portfolio. Soaring sporting events have spurred the demand for skates, gloves, guard pads, helmets and sticks.
Fortune Business Insights™ has delved into these inputs in an upcoming research report, titled, “Winter Sports Equipment Market, 2022-2029.”
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Some of the Leading Companies Profiled in the Market:
Völkl Sports GmbH (Germany)
Fischer Sports Corporation (Austria)
Amer Sports Corporation (Finland)
Clarus Corp (U.S.)
BAUER Hockey (U.S.)
Icelantic LLC (U.S.)
Segments-
In terms of the product type, the market is segmented into hockey sticks, ski equipment, snowboards, protective gear, footwear and others. With respect to sport, the industry is segregated into bobsled, snowboarding, skiing and winter hockey. On the basis of distribution channel, the market is classified into offline retail and online. The offline retail segment is sub-segmented into specialty stores, supermarkets/hypermarkets and others. From the geographical perspective, the market is divided into Europe, North America, Asia Pacific, the Middle East & Africa and South America.
Report Coverage-
The research report offers insights into industry dynamics redefining the global landscape. The report delves into drivers, opportunities, restraints and trends to provide a holistic market view. The report is prepared through primary sources, including interviews with directors and executives and qualitative and quantitative analyses. The report also provides secondary resources, such as press releases, annual reports, white papers and journals. The research report also delves into pre-and post-COVID outlooks to provide a holistic view of the global market.
Drivers and Restraints-
Robust Demand for Skiing Equipment to Bolster Growth
Stakeholders expect winter sports equipment market share to gain traction in the wake of the rising popularity of skiing equipment. Sports equipment has become sought-after for momentum and balance across a host of competitive sports. Over the years, skis have become trendier across freestyle skiing, alpine skiing and cross country skiing. Moreover, a surge in women’s participation in winter sports will also bode well for the industry outlook. Industry players are expected to explore opportunities from a surge in the number of people engaging in sports activities. However, the rising cases of injuries could hamper the market growth in the ensuing period.
Regional Insights
North America Gains Prominence from Surge in Sports Participation
Industry players are expected to inject funds into North America market following the surge in sports participation. The U.S. and Canada could witness the trend for wearables to boost skiing performance. Besides, National Ski Areas Association and SnowSports Industries America (SIA) have been encouraging participation in winter sporting events.
Europe winter sports equipment market growth could gain impetus from the rising popularity of Switzerland, France, Germany and Spain as popular ski destinations. An uptick in infrastructural development could attract investments in the landscape. Prominently, the trend for Alpine Touring gear will bode well for leading companies fostering regional market growth.
Competitive Landscape-
Industry Players Invest in Product Launches to Tap into Markets
Leading players could inject funds into R&D activities, product launches, innovations, and collaboration to boost their competitive edge in the global market. Besides, the infusion of funds into technological advancements will help stakeholders expand their penetration across untapped areas. Industry participants are expected to invest in organic and inorganic strategies to boost their presence globally.
July 2019: The Rossignol Group announced a new store in Austria to bolster its market presence.
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