PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127424
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1127424
Avalanche safety gear market size was valued at USD 970.8 Million in 2021, growing at a CAGR of 5.8% from 2022 to 2028.
A mountainside avalanche is a sudden, swift flow of snow that is often caused by gravity or an earthquake. It is capable of travelling at rates of up to 150 km/h (93 mph)*, devastating anything in its path. Your odds of surviving are quite minimal if you're taken by surprise when one comes. Wearing the proper safety gear is the best method to shield you and your loved ones from an avalanche.
The rising number of avalanche fatalities is one of the main factors influencing the use of avalanche airbags. The demand for essential safety equipment from mountaineers, hikers, and adventure seekers is always very high. The need for avalanche airbags has expanded as a result of this issue, creating manufacturing potential. The market for avalanche airbags is expanding as a result of the growing popularity of skiing and snowboarding. Avalanche airbags are becoming more and more necessary in skiing to maintain safety. For additional safety, backcountry skiers employ airbags. Even in situations where a person has been buried and is unable to escape on their own or with the aid of rescuers, they use compressed air to deploy protective cloth that helps the user dodge an avalanche. Self-inflating airbags that deploy at the first sign of danger have been improved in recent years. Airbag systems can be attached to skis with bindings that allow them to detach when necessary or worn as a backpack. Many recreational backcountry users view them as pricey purchases because they typically cost $600-$700.
The Worldwide Avalanche safety gear Market is segmented on the basis of Type, Application, and Region.
The market is divided into two categories based on product type: Airbag and Security Backpack. The market for avalanche airbags is driven by the rising popularity of snow-related activities such as skiing, hiking, and other winter sports, as well as consumer awareness of the safety benefits of utilizing them. Because safety is the most crucial consideration for industry participants in the avalanche airbags market, producers are producing more robust and resilient airbags. After globally successful immunization campaigns, the tourism sector is now rebounding from its losses. The market for avalanche airbags is also driven by rising government initiatives to support outdoor activities with the greatest care and safety.
The market is divided into three categories based on application: Professional Competition, Ski Entertainment, and Other Applications. In the ski entertainment category, avalanche safety equipment is widely used to simulate a natural avalanche so that skiers and snowboarders may observe the consequences of an avalanche without getting buried or struck by one. The equipment mostly comprises rescue beacon-equipped security backpacks and airbag packs that are inflated with compressed gas. In order to ensure the safety of the skiers and snowboarders, a special effects team must first cause the avalanche.
The global market for Avalanche safety gear is made of a number of both international and local producers, making it a fairly competitive sector in the world. Some of the leading strategies adopted by corporations to expand their market share include new launches, expansion of distribution network development, research spending, and strategic mergers and acquisitions. In February 2022, two manufacturers of mountain safety equipment and apparel, Ortovox and Arc'teryx, developed a lightweight, intuitive and reliable avalanche airbag for Winter 2022.
The scope of this report covers the market by its major segments, which include as follows: