Winter Sports Equipment Market to reach $ 3602.2 Million by 2031, notes TMR Study

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Sep 26, 2022, 22:30 ET

The global market for winter sports equipment is expected to be driven by an increase in awareness about benefits of healthy lifestyle and rising demand for a variety of winter sports activities
The need for winter sports equipment is increasing as outdoor activities, such as snow sports, become more popular with people

WILMINGTON, Del., Sept. 27, 2022 /PRNewswire/ -- In 2021, the value of global winter sports equipment market was clocked at US$ 2436.5 Mn. The global market is anticipated to develop at a CAGR of 4.1% during the forecast period, from 2022 to 2031. By 2031, the global winter sports equipment market is estimated to touch valuation of US$ 3602.2 Mn. Teenagers are becoming more active in winter sports including figure skating, alpine skiing, cross-country skiing, ski jumping, snowboarding, luge, and speed skating, which is likely to drive the global winter sports equipment market.

The market for winter sports equipment is most developed in Europe and North America. The number of people participating in winter sports has significantly increased across Asia Pacific as well. As a result, there is a growing demand for winter sports equipment in the region, along with protective clothing and accessories, such as best snowboard gear 2022. In order to broaden their geographic coverage and provide profitable growth prospects, market players are concentrating on e-commerce platforms.

In developing nations, there is a significant demand for winter sports accessories, clothing, and footwear. In order to grow their market share, businesses are concentrating on developing sophisticated products like folding skis.

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Key Findings of Market Report

The need for winter sports equipment is rising as outdoor activities, especially snow sports, become more and more popular with people. The demand for winter sports equipment, such as sleds and tubes, is being driven by a rise in interest in outdoor activities that provide both pleasure and competition.
Dislocations, sprains, fractures and, strains are among the most prevalent injuries sustained during winter sports. As a result, concerns regarding safety during winter sporting activities are growing. Besides, the need for protective gear including padding, goggles, and helmets is growing. The market for protective wear and equipment for winter sports is thus being driven by this factor.
Based on sports, skiing accounts for a substantial chunk of the global market in both volume and value. The segment is anticipated to expand at a very high CAGR during the forecast timeline. Skiing is regarded as a cardiovascular activity that burns calories effectively, activates core muscles, helps in strengthening the lower body part, and improves mood. Consequently, there is an increase in demand for skiing equipment. For winter sports equipment companies, this is likely to opens up attractive growth prospects in the winter sports footwear and accessories industry.

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Global Winter Sports Equipment Market: Growth Drivers

In the global market for winter sports equipment, Europe is a significant territory as well. Germany leads the way in the growth of the winter sports equipment industry, with France coming in second. During the projection period, it is predicted that an increase in the number of individuals participating in snowboarding and off-piste skiing will raise demand for winter sport clothes and accessories.

Global Winter Sports Equipment Market: Key Players

Some of the key market players are

Fischer Sports GmbH
Tecnica Group S.p.A.
K2 Sports LLC
Skis Rossignol S.A.
Icelantic Skis
Elan d.o.o.

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Global Winter Sports Equipment Market: Segmentation

Product Type

Equipment
Protective Gear and Accessories
Others

Sports

Skiing
Ice Hockey
Ice Skating
Snowboarding
Others

End User

Professional
Amateur

Consumer Group

Men
Women
Kids

Price

Passenger Vehicle
Low
Medium
High

Distribution

Online
Offline

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