Ski Boot Is Fastest Growing Segment Fueling The Growth Of Ski Gear And Equipment Market

Ski Gear And Equipment Market

The Global Ski Gear And Equipment Market is estimated to be valued at US$ 1410.8 Mn in 2023 and is expected to exhibit a CAGR of 2.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.


Market Overview:
Ski gear and equipment are used for skiing or snowboarding activities. This includes ski boots, skis, ski poles, ski bindings, goggles, helmets and protective gear like jackets and pants. Ski gear provides safety, support and allows better control while skiing or snowboarding on snow covered slopes.

Market key trends:
One of the key trends in the ski gear and equipment market is the growing popularity of ski boots. Ski boot technology has advanced significantly over the past few years. Manufacturers are focusing on developing boots that provide a customized and comfortable fit. Some key innovations in ski boots include customizable flex settings, BOA lacing systems for quick and tight fitting, integrated liner technologies for moisture wicking and insulation. With growing participation in skiing and snowboarding, especially among younger generation, demand for high performance and technologically advanced ski boots is increasing rapidly. This is expected to continue fuelling the growth of the overall ski gear and equipment market during the forecast period.

Segment Analysis
The global ski gear and equipment market is dominated by alpine ski equipment segment. Alpine skis, ski boots, and ski bindings collectively dominate the market with a share of over 60%. Alpine skiing is more popular than other skiing types such as cross-country skiing, freestyle skiing, and telemark skiing. This is driving the dominance of alpine equipment segment. The growth in popularity of alpine skiing, especially among recreational skiers, is expected to continue driving the segment's dominance over the forecast period.

Key Takeaways
The Global Ski Gear And Equipment Market is expected to witness high growth, exhibiting CAGR of 2.9% over the forecast period, due to increasing popularity of winter sports among recreation seekers and introduction of innovative ski products.

Regional analysis
Europe dominates the global ski gear and equipment market with over 30% share. Countries like Austria, France, Italy, and Switzerland have strong presence of ski resorts and highest skier visits. This has made Europe the largest and the fastest growing regional market. North America is also a major region for ski gear and equipment market.

Key players
Key players operating in the ski gear and equipment market are Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteilgungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation, and Volcom LLC. Amer Sports Oyj and The Burton Corporation are the largest players globally.

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