Ski Gear and Equipment Market, by Product Type (Boots & Bindings, Helmet, Poles, Protective Gear, Ski Boot Accessories and Others), by Form (Alpine or Downhill Skiing, Cross-Country Skiing, Telemark Skiing, Freestyle Skiing, Nordic Skiing, Others), by Distribution Channel (Supermarkets, Hypermarkets, Online Stores, Specialty Stores and Others), by End User (Men, Women and Kids), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
Skiing is a winter sport in which the participants use skis to glide on snow. Traditionally, such sports were played only in cold areas during winters, however, artificial ice and snow allows for enhanced flexibility. Increasing participation in skiing activities coupled with growing initiatives to encourage skiing participation, is expected to boost growth of the global ski gear & equipment market. For instance, in June 2017, International Ski Federation (FIS), Sports Organization and Alisport entered into a partnership to develop 30 million snow sport participants in China, which aids in the growth of ski gear & equipment market.
However, increasing fatalities or injuries caused while skiing is expected to hinder growth of skiing industry, in turn negatively impacting the market growth.
Market Dynamics
North America is expected to show significant growth in the global ski gear & equipment market, owing to increasing international trading activities. According to the U.S., the total value of import in ski and snowboard equipment market increased by 9.7% since 2009 to a total of 115 million in 2013.
Asia Pacific is expected to be the fastest-growing region in the global market over the forecast period. This is attributed to supportive government initiative to increase ski sport participation. For instance, in August 2017, Get Into Snow Sport (GISS), Skiing initiative to be launched in China as a part of Winter Olympics build-up. This initiative operates through a partnership between the International Ski Federation (FIS) and Beijing Sports University in collaboration with the Chinese Ski Association.
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