The global ski equipment & gear market size was valued at USD 1.4 billion in 2018 and is anticipated to expand at a CAGR of 2.7% over the forecast period. The market is driven by an increasing number of participants in outdoor sports such as skiing, along with favorable government initiatives in countries, such as India, China, and Japan, on encouraging the population to participate in skiing.
The growing tourism industry may also drive the customers to take part in snow sports including ski. According to the World Bank Group, the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. In addition, the number of participants in the snow sports has increased on account of increasing awareness regarding different types of the ski including Alpine skiing, ski touring, and cross-country skiing.
The global ski equipment & gear market is expected to witness an increase in the demand on account of the commercialization of the sport and the smooth and safe experience of the sport with various types of ski equipment and gears. Increasing awareness regarding the usage of helmets and other ski equipment and gear on account of rising concerns over injuries caused by skiing is anticipated to promote market growth in the coming years.
The infrastructure for snow sports, including skiing, is developing around the globe, on account of increasing customer preference for snow-related activities and tourism activities. These favorable trends of developing the snow sports infrastructure are expected to promote the scope of ski equipment and gear products in the near future.
Clothing dominated the market with a revenue of USD 441.2 million in 2018. This growth is attributed to increased acceptance of advanced and new designs of the various types of ski clothing including jackets, ski suit, ski pants, and a moisture wicking base layer. The ski clothes manufacturers are focused on launching and developing innovative products to meet the changing demand and needs of the customers through advanced technology. For instance, in 2016, Helly Hansen launched radar-sensitive pants for skiing. These radar-sensitive pants have updated rescue system, which reflects the location of the person if the skier is trapped in the snow.
Headgear is expected to be the fastest-growing segment, expanding at a CAGR of 3.3% from 2019 to 2025. This growth is attributed to an increasing number of injuries related to snow sports. Considering the safety of the customers, In&Motion has launched a smart ski airbag suit to prevent the skiers from any injuries on collision. The suit detects the movements of the person and expands into an airbag to protect injuries during fall or slip. These new launches by the market leaders on consideration of the safety of the customers are expected to remain a favorable factor.
Supermarkets/hypermarkets generated a revenue of USD 600.8 million in 2018. Easy availability of ski equipment and gear products in the supermarkets/hypermarkets helps the customers to choose a wide range of products. These factors are anticipated to boost the growth of this distribution channel in the near future.
The online segment is expected to expand at a CAGR of 3.2% from 2019 to 2025 on account of the introduction of various e-commerce portals, which provide value-added services including cashback benefits. Companies such as decathlon.in, snowinn.com, and skis.com are coming up with new online services for delivering the products at the doorsteps of the customers.
Males are the major consumers of these products, accounting for a share of 42.4% in 2018. Increasing awareness regarding skiing as a key part of recreational activity among working-class male adults in developed economies including Germany, France, and U.K. is expected to remain a key trend.
The female segment generated a revenue of USD 478.8 million in the year 2018. Companies including Coalition Snow are developing advanced and safety gear, especially for female skiers. Moreover, females are participating in outdoor sports and activities related to snow for recreational purposes.
North America was the dominant regional market, accounting for a share of 42.4% in 2018. This growth is attributed to the strong foothold of buyers participating in skiing as a recreational activity in countries such as the U.S. and Canada. Moreover, an increasing number of women skiers on account of the introduction of new products and technologies for women safety by the companies is expected to increase the demand for ski equipment and gear in the upcoming future.
Asia Pacific is expected to expand at a CAGR of 3.4% from 2019 to 2025. This growth is attributed to increasing government initiatives on snow-related sports and activities. In 2018, the Get into Snow Sports (GISS) initiative was taken in China. This initiative was launched as a part of the Winter Olympics, which was build-up by the International Ski Federation (FIS) to develop and promote the snow sports globally and to encourage ski in China.
Key market players include Amer Sports Oyj, The Burton Corporation, Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, Volcom LLC, Marker Volkl (International) Sales GmbH, Helly Hansen, and Coalition Snow. The companies are developing new product designs according to the latest consumer preferences for fashion and safety in order to acquire a larger market share. For instance, in January 2018, Thule Group has launched a new collection for ski backpacks and snowboards, designed along with flexible and removable airbags for protection.
Report Attribute |
Details |
Market size value in 2020 |
USD 1.43 billion |
Revenue forecast in 2025 |
USD 1.64 billion |
Growth Rate |
CAGR of 2.7% from 2019 to 2025 |
Base year for estimation |
2018 |
Historical data |
2015 - 2017 |
Forecast period |
2019 - 2025 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2019 to 2025 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments covered |
Product, application, distribution channel, region |
Regional scope |
North America; Europe; Asia Pacific; Central & South America; Middle East & Africa |
Country scope |
U.S.; Canada; U.K.; Germany; Russia; Japan; India |
Key companies profiled |
Amer Sports Oyj; The Burton Corporation; Fischer Beteilgungsverwaltungs GmbH; Skis Rassignol S.A.; Icelantic LLC; Helly Hansen; Coalition Snow |
Customization scope |
Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country; regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2015 to 2025. For the purpose of this study, Grand View Research has segmented the global ski equipment and gear market report on the basis of product, application, distribution channel, and region:
Product Outlook (Revenue, USD Million, 2015 - 2025)
Clothing
Heargear
Ski and Poles
Footwear
Others
Application Outlook (Revenue, USD Million, 2015 - 2025)
Male
Female
Kids
Distribution Channel Outlook (Revenue, USD Million, 2015 - 2025)
Supermarkets/Hypermarkets
Convenience Stores
Online
Regional Outlook (Revenue, USD Million, 2015 - 2025)
North America
The U.S.
Canada
Europe
Germany
U.K.
Russia
Asia Pacific
India
Japan
Central & South America
Middle East & Africa
b. The global ski equipment and gear market size was estimated at USD 1.39 billion in 2019 and is expected to reach USD 1.43 billion in 2020.
b. The global ski equipment and gear market is expected to grow at a compound annual growth rate of 2.7% from 2019 to 2025 to reach USD 1.64 billion by 2025.
b. North America dominated the ski equipment and gear market with a share of 42.4% in 2019. This is attributable to the strong foothold of buyers participating in skiing as a recreational activity in countries such as the U.S. and Canada.
b. Some key players operating in the ski equipment and gear market include Amer Sports Oyj, The Burton Corporation, Fischer Beteilgungsverwaltungs GmbH, Skis Rassignol S.A., Icelantic LLC, Helly Hansen, and Coalition Snow.
b. Key factors that are driving the market growth include increasing number of participants in outdoor sports such as skiing, along with favorable government initiatives in countries such as India, China, and Japan, encouraging the populace to participate in skiing.
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The clothing, footwear, & accessories industry is anticipated to witness checkered growth throughout 2020, as a result of the unprecedented supply chain disruptions caused by the COVID-19 outbreak worldwide. The expected decline in the global sales of clothing, footwear, & accessories is attributable to massive supply chain disruptions across significant export markets, including China and India. However, the industry is likely to recover over the forecast timeframe, given the rising popularity of online/e-commerce sales. From a manufacturing standpoint, the sustainable or ethical fashion trend is expected to favor market growth throughout the forecast timeframe. Luxury apparel is another lucrative space for prospective manufacturers to target, given the mushrooming number of affluent and fashion-conscious consumers across the globe. Our team is diligently working towards accounting these factors in our report with the aim of providing you with the up-to-date, actionable market information and projections.
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