PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358111
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358111
The Global Snow Boots Market is projected to reach around US$ 2,860.7 Million by the end of 2030, in terms of revenue, growing at CAGR of 4.5% during the forecast period (2023-2030).
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 2,004.2 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 4.50% | 2030 Value Projection: | US$ 2,860.7 Mn |
North America and Europe are the leading regions in the Global Snow Board Market. The growing civil engineering industry makes settlement and tourism easier in these snow-covered regions. According to a report by the international Report on Snow and Mountain Tourism, 2020, it was found that resorts in Europe registered considerably more visitors than those in North America. According to this report, Australia, Switzerland, Italy, and France were recognized as inbound ski destinations. The Carpathian Mountains, the second largest mountain range in Europe, had 44 ski resorts and 150 ski lifts, out of which 20% were renewed in the last 15 years. The Carpathian Mountain Range is becoming an attractive destination for visitors as the prices are cheaper compared to other resorts in Europe. Some of the ski slopes are lit at night for night skiing. Such developments will attract more and more visitors in the near future. The increase in skiing activities will consequently generate demand for snow boots.
The key players operating in the global snow boots market are executing expansion plans by means of Initial public offering. For instance, in July 2021, Campus Shoes, a private leather products manufacturing company located in Delhi, India, went public by listing itself in the market for attracting big investors with its 2200 crore.
Key market players are adopting strategies such as partnerships, mergers, and acquisitions, in order to strengthen their position in the global snow boots market. For instance, In March 2021, Peloton, an exercise equipment and media company based in New York, U.S., entered into partnership with Adidas to provide scope for better opportunities in product development for both companies.
Browse 50 market data tables* and 45 figures* on "Global Snow Boots Market" - Global forecast to 2030.