Winter Sports Equiment Market By Product Type (Ski equipment, Footwear, Protective gear, Other), By Sports (Snowboarding, Skiing, Ice hockey, Others), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global winter sports equiment market was valued at $14.69 billion in 2021, and is projected to reach $32.83 billion by 2031, growing at a CAGR of 8.5% from 2022 to 2031.The necessary utility equipment for participating in winter sports, winter sports equipment also helps athletes comply with the laws and regulations of their particular sport. The performance of sportsmen can be improved with the help of this equipment. A growing number of young people are adopting new sports technologies and fashion trends, which is causing the winter sports equipment sector to change quickly. Manufacturers may compete in a crowded market, attract new customers, and satisfy the needs of existing ones by introducing innovative products. The industry is expanding as a result of rising interest in popular sporting events like the Winter Olympics and others among fans.
The market's expansion is, however, negatively impacted by youths' growing preference for indoor activities like playing video games and their increased use of cellphones as a result of increased internet usage. The popularity of other leisure pursuits among consumers, such as virtual reality gaming, watching movies, attending live music events, and other similar pursuits, also hinders the expansion of the winter sports equipment sector. As a result of the conclusion of the sporting season, the seasonality of sports also increases consumer preference for other leisure pursuits, which hinders market expansion.
The global winter sports equipment market is segmented into product type, sports, distribution channel, and region. By product type, the market is divided into ski equipment, footwear, protective gear, and others. By sports, it is classified into snowboarding, skiing, ice hockey, others. By distribution channel, the market is divided into online and offline. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, Poland, France, UK, Austria, Italy, Switzerland, Sweden, Spain, Russia, Norway, Denmark, Czech Republic, Hungary, Finland, Ireland, Belgium, The Netherlands, Luxembourg, Portugal, and rest of Europe), Asia-Pacific (China, Australia, Japan, Malaysia, Thailand, Singapore, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Argentina, United Arab Emirates, and the rest of LAMEA.
The market for winter sports equipment is negatively impacted by COVID-19, particularly during its peak transmission period in 2020. Even if the COVID-19 pandemic continues to have an impact on business globally, despite challenging economic conditions, the market for winter sports equipment has been able to resume pre-COVID-19 levels of growth. The worldwide winter sports equipment market is anticipated to sustain a substantial growth rate over the forecast period due to the resumption of sporting events and other national and international competitions.
The major players operating in the global winter sports equipment market are 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 Völkl Int. Gmbh.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the winter sports equiment market analysis from 2021 to 2031 to identify the prevailing winter sports equiment market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the winter sports equiment market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global winter sports equiment market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Distribution Channel
Online
Offline
By Product Type
Ski equipment
Footwear
Protective gear
Other
By Sports
Snowboarding
Skiing
Ice hockey
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
Poland
France
U.K.
Austria
Italy
Switzerland
Sweden
Spain
Russia
Norway
Denmark
Czech Republic
Hungary
Finland
Ireland
Belgium
Netherlands
Luxembourg
Portugal
Rest of Europe
Asia-Pacific
South Korea
Rest of Asia-Pacific
China
India
Australia
Japan
Malaysia
Thailand
Singapore
LAMEA
Brazil
Argentina
United Arab Emirates
Rest of LAMEA
Key Market Players
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
Völkl Int. Gmbh
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