Winter Sports Equipment Market - Global Size, Share, Trend Analysis, Opportunity and Forecast Report, 2018-2028, Segmented By Product Type ; By Distribution Channel (Offline, Online); By Region

Description

Global Winter Sports Equipment Market to Touch USD 21.3 billion by 2028

Global winter sports equipment market is flourishing, as people become more aware of the advantages of a healthy lifestyle and increasing popularity and participation in a variety of winter sports, outdoor activities (snow sports), off-piste skiing, and snowboarding.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global winter sports equipment market size to grow at a CAGR of 7.4% during the forecast period between 2022 and 2028, reaching a value of USD 21.28 billion by 2028. The rise in winter tourism in various countries around the world and increasing popularity and interest in nature-based sports that provide leisure and competitiveness are expected to drive global winter sports equipment market during the period in analysis. The growing popularity of several winter sports in the Winter Olympic Games, such as figure skating, bobsled, luge, and Alpine snowboarding, is boosting the growth of market for winter sporting goods. An increasing demand for high-quality waterproof boots is expected to propel the winter sports equipment market forward. Many innovations in ski equipment are expected to cushion the growth of the winter sports equipment market. On the other hand, growing popularity of rental winter sports equipment may pose a challenge to the growth of global winter sports equipment market.

Growing popularity of winter sports

Rise in popularity of outdoor activities including snow sports among people fuels the growth of global winter sports equipment market. Demand for winter sports equipment, such as sleds and tubes, is thriving owing to increasing interest in leisurely and competitive nature-based sports. Moreover, demand for various winter sports activities, such as skiing, snowboarding, cross-country skiing, sledding, and ice skating, especially in countries with wintry weather, particularly the United States, Canada, Germany, Sweden, France, and Austria, has increased, due to growing awareness of the advantages of a healthy lifestyle. In the 2019-2020 winter season, approximately 25.1 million Americans aged 6 and older participated in winter sports, a 1.9% increase from the 24.6 million recorded in the 2018-2019 winter season. All these factors propel the growth of global winter sports equipment market.

Increasingly popularity of skiing as a leisure activity

Skiing is a popular winter sport among winter games. According to data from SIA (Snowsports Industries America), there are approximately 125 million skiers and snowboarders worldwide, with North America accounting for 31 million of those. There are approximately 5,716 ski areas as well. Skiing is regarded as a beneficial cardiovascular exercise as it aids in calorie burning, builds lower body strength, engages the core, and elevates mood. Thus, there is a growing need for skiing equipment.

Challenge: High cost and safety issues

Skiing equipment is typically more expensive than snowboarding equipment. It simply boils down to how much gear you need for each sport. With skiing, the cost is slightly higher because one needs two poles and two skis. In addition, snowboarders are more likely to sustain sprains and fractures than contusions, lacerations, dislocations, and concussions. Additionally, a significant percentage of injured snowboarders are novices. Due in part to frequent falls, beginners are more likely to sustain wrist fractures and other injuries. The IOC study determined that ski halfpipe is the most hazardous, with 28% of athletes injured in 2018. The second-most hazardous activity was snowboarding cross, where 26% of athletes were injured. All these factors may stymie the market growth.

Segmental Coverage

Global Winter Sports Equipment Market - By Distribution Channel

Based on application, global winter sports market is categorized into Offline (Supermarkets/ Hypermarkets, Specialty Stores, Departmental Stores, and Convenience Stores) and Online. The offline segment, which includes supermarkets, holds a higher market share. Traditional offline distribution channels still account for most of the market's revenue. Offline distribution channels prioritize product variety, price-based promotions, and the customer shopping experience. A substantial number of retailers could pay more attention to online retail distribution strategies throughout the forecast period because of the growing adoption of omnichannel retail strategies among offline distributors worldwide.

Impact of COVID-19 on Global Winter Sports Equipment Market

Winter sports equipment market was negatively impacted by COVID-19, particularly during its peak transmission period in 2020. In addition, a COVID-19 (coronavirus) outbreak began in China in the first half of 2020, affecting the expansion of the market for winter sporting goods. Many market players have relied on the Chinese market for both finished goods and raw materials used in the production of several types of winter sporting goods. Even though the COVID-19 pandemic continues to have an impact on business globally, the global winter sports equipment market has been able to resume pre-COVID-19 levels of growth. It is expected that the global market for winter sports will increase due to the restart of sporting events, gyms, and other regional, national, and international competitions.

Competitive Landscape

Leading players in global winter sports equipment market include Alpina Sports, Amer Sports, BAUER Hockey, LLC, Black Crows, Clarus Corporation, ELAN, D.O.O., Fischer Sports GmbH, Head UK Ltd., Icelantic Skis, K2 Sports LLC, MDV Sports, Rossignol Group, Tecnica Group S.p.A., SCOTT Sports SA, Under Armour Inc, and Volkl Int. Gmbh. Global winter sports equipment market is highly fragmented with the presence of several manufacturing companies. The market leaders retain their supremacy by spending on research and development, incorporating innovative technology into their goods, and releasing upgraded items for customers. They employ various strategies, including strategic alliances, agreements, mergers, and partnerships, to gain a competitive edge in the market.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Winter Sports Equipment Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Winter Sports Equipment Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC22461

1. Research Framework

1.1. Research Objective
1.2. Product Type Overview
1.3. Market Segmentation

2. Executive Summary

3. Global Winter Sports Equipment Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Rising Prevalence of Insect-borne Diseases
  - 3.2.1.2. Increasing Research and Development Activities
- 3.2.2. Restraints
  - 3.2.2.1. Side Effects on the Human Body
- 3.2.3. Opportunities
  - 3.2.3.1. Rising Health Awareness
  - 3.2.3.2. Increased Recreational and Outdoor Activities
- 3.2.4. Challenges
  - 3.2.4.1. Stringent Government Regulations
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. Global Winter Sports Equipment Market Overview

4.1. Market Size & Forecast, by Value, 2018-2028
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Product Type
  - 4.2.1.1. Sleds
  - 4.2.1.2. Tubes
  - 4.2.1.3. Ski
  - 4.2.1.4. Snowboards
  - 4.2.1.5. Footwear
  - 4.2.1.6. Protective Gear
  - 4.2.1.7. Others
- 4.2.2. By Distribution Channel
  - 4.2.2.1. Offline
  - 4.2.2.1.1. Supermarkets/ Hypermarkets
  - 4.2.2.1.2. Specialty Stores
  - 4.2.2.1.3. Departmental Stores
  - 4.2.2.1.4. Convenience Stores
  - 4.2.2.2. Online
- 4.2.3. By Region
  - 4.2.3.1. North America
  - 4.2.3.2. Europe
  - 4.2.3.3. Asia Pacific (APAC)
  - 4.2.3.4. Latin America
  - 4.2.3.5. Middle East and Africa (MEA)

5. North America Winter Sports Equipment Market

5.1.1. Market Size & Forecast, by Value, 2018-2028
5.1.2. By Value (USD Million)

5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Distribution Channel
- 5.2.3. By Country
  - 5.2.3.1. US
  - 5.2.3.1.1. By Product Type
  - 5.2.3.1.2. By Distribution Channel
  - 5.2.3.2. Canada
  - 5.2.3.2.1. By Product Type
  - 5.2.3.2.2. By Distribution Channel

6. Europe Winter Sports Equipment Market

6.1. Market Size & Forecast, by Value, 2018-2028
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Distribution Channel
- 6.2.3. By Country
  - 6.2.3.1. Germany
  - 6.2.3.1.1. By Product Type
  - 6.2.3.1.2. By Distribution Channel
  - 6.2.3.2. UK
  - 6.2.3.2.1. By Product Type
  - 6.2.3.2.2. By Distribution Channel
  - 6.2.3.3. Italy
  - 6.2.3.3.1. By Product Type
  - 6.2.3.3.2. By Distribution Channel
  - 6.2.3.4. France
  - 6.2.3.4.1. By Product Type
  - 6.2.3.4.2. By Distribution Channel
  - 6.2.3.5. Spain
  - 6.2.3.5.1. By Product Type
  - 6.2.3.5.2. By Distribution Channel
  - 6.2.3.6. The Netherlands
  - 6.2.3.6.1. By Product Type
  - 6.2.3.6.2. By Distribution Channel
  - 6.2.3.7. Belgium
  - 6.2.3.7.1. By Product Type
  - 6.2.3.7.2. By Distribution Channel
  - 6.2.3.8. NORDIC Countries
  - 6.2.3.8.1. By Product Type
  - 6.2.3.8.2. By Distribution Channel
  - 6.2.3.9. Rest of Europe
  - 6.2.3.9.1. By Product Type
  - 6.2.3.9.2. By Distribution Channel

7. Asia Pacific Winter Sports Equipment Market

7.1. Market Size & Forecast, by Value, 2018-2028
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Distribution Channel
- 7.2.3. By Country
  - 7.2.3.1. China
  - 7.2.3.1.1. By Product Type
  - 7.2.3.1.2. By Distribution Channel
  - 7.2.3.2. India
  - 7.2.3.2.1. By Product Type
  - 7.2.3.2.2. By Distribution Channel
  - 7.2.3.3. Japan
  - 7.2.3.3.1. By Product Type
  - 7.2.3.3.2. By Distribution Channel
  - 7.2.3.4. South Korea
  - 7.2.3.4.1. By Product Type
  - 7.2.3.4.2. By Distribution Channel
  - 7.2.3.5. Australia & New Zealand
  - 7.2.3.5.1. By Product Type
  - 7.2.3.5.2. By Distribution Channel
  - 7.2.3.6. Indonesia
  - 7.2.3.6.1. By Product Type
  - 7.2.3.6.2. By Distribution Channel
  - 7.2.3.7. Malaysia
  - 7.2.3.7.1. By Product Type
  - 7.2.3.7.2. By Distribution Channel
  - 7.2.3.8. Singapore
  - 7.2.3.8.1. By Product Type
  - 7.2.3.8.2. By Distribution Channel
  - 7.2.3.9. Philippines
  - 7.2.3.9.1. By Product Type
  - 7.2.3.9.2. By Distribution Channel
  - 7.2.3.10. Vietnam
  - 7.2.3.10.1. By Product Type
  - 7.2.3.10.2. By Distribution Channel
  - 7.2.3.11. Rest of Asia Pacific
  - 7.2.3.11.1. By Product Type
  - 7.2.3.11.2. By Distribution Channel

8. Latin America Winter Sports Equipment Market

8.1. Market Size & Forecast, by Value, 2018-2028
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Distribution Channel
- 8.2.3. By Country
  - 8.2.3.1. Brazil
  - 8.2.3.1.1. By Product Type
  - 8.2.3.1.2. By Distribution Channel
  - 8.2.3.2. Mexico
  - 8.2.3.2.1. By Product Type
  - 8.2.3.2.2. By Distribution Channel
  - 8.2.3.3. Argentina
  - 8.2.3.3.1. By Product Type
  - 8.2.3.3.2. By Distribution Channel
  - 8.2.3.4. Peru
  - 8.2.3.4.1. By Product Type
  - 8.2.3.4.2. By Distribution Channel
  - 8.2.3.5. Colombia
  - 8.2.3.5.1. By Product Type
  - 8.2.3.5.2. By Distribution Channel
  - 8.2.3.6. Rest of Latin America
  - 8.2.3.6.1. By Product Type
  - 8.2.3.6.2. By Distribution Channel

9. Middle East & Africa Winter Sports Equipment Market

9.1. Market Size & Forecast, by Value, 2018-2028
- 9.1.1. By Value (USD Million)
9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Distribution Channel
- 9.2.3. By Country
  - 9.2.3.1. Saudi Arabia
  - 9.2.3.1.1. By Product Type
  - 9.2.3.1.2. By Distribution Channel
  - 9.2.3.2. UAE
  - 9.2.3.2.1. By Product Type
  - 9.2.3.2.2. By Distribution Channel
  - 9.2.3.3. Qatar
  - 9.2.3.3.1. By Product Type
  - 9.2.3.3.2. By Distribution Channel
  - 9.2.3.4. Kuwait
  - 9.2.3.4.1. By Product Type
  - 9.2.3.4.2. By Distribution Channel
  - 9.2.3.5. Iran
  - 9.2.3.5.1. By Product Type
  - 9.2.3.5.2. By Distribution Channel
  - 9.2.3.6. South Africa
  - 9.2.3.6.1. By Product Type
  - 9.2.3.6.2. By Distribution Channel
  - 9.2.3.7. Nigeria
  - 9.2.3.7.1. By Product Type
  - 9.2.3.7.2. By Distribution Channel
  - 9.2.3.8. Kenya
  - 9.2.3.8.1. By Product Type
  - 9.2.3.8.2. By Distribution Channel
  - 9.2.3.9. Egypt
  - 9.2.3.9.1. By Product Type
  - 9.2.3.9.2. By Distribution Channel
  - 9.2.3.10. Morocco
  - 9.2.3.10.1. By Product Type
  - 9.2.3.10.2. By Distribution Channel
  - 9.2.3.11. Algeria
  - 9.2.3.11.1. By Product Type
  - 9.2.3.11.2. By Distribution Channel
  - 9.2.3.12. Rest of Middle East & Africa
  - 9.2.3.12.1. By Product Type
  - 9.2.3.12.2. By Distribution Channel

10. Competitive Landscape

10.1. List of Key Players and Their Offerings
10.2. Global 5G Substrate Materials Company Market Share Analysis, 2021
10.3. Competitive Benchmarking, By Operating Parameters
10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships)

11. Impact of Covid-19 on Global 5G Substrate Materials System Market

12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT)

12.1. Alpina Sports
12.2. Amer Sports
12.3. BAUER Hockey, LLC
12.4. Black Crows
12.5. Clarus Corporation
12.6. ELAN, D.O.O.
12.7. Fischer Sports GmbH
12.8. Head UK Ltd.
12.9. Icelantic Skis
12.10. K2 Sports LLC
12.11. MDV Sports
12.12. Rossignol Group
12.13. Tecnica Group S.p.A.
12.14. SCOTT Sports SA
12.15. Under Armour Inc
12.16. Volkl Int. Gmbh
12.17. Other Prominent Companies

13. Key Strategic Recommendations

14. Research Methodology

14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
14.2. Quantitative Research
14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
14.4. Breakdown of Primary Research Respondents, By Region
14.5. Assumptions & Limitations