Global Splitboards Market 2023-2030

Global Splitboards Market 2023-2030

Global splitboards market is anticipated to grow at a considerable CAGR of 5.4% during the forecast period. Splitboards is used for winter sports and has been witnessing an upward trend in demand in recent years owing to the growing popularity of winter sports. A growing number of aspiring snow sports athletes is also anticipated to substantially boost the shipments of snowboarding gear such as snowboard bindings, snowboards, skiing bags, and so on, over the coming years. Integration of advanced technologies with winter sports equipment to improve their functionality and offer better safety. Heated snowboard boots and advanced tracker watches for navigation are expected to witness an increase in demand over the forecast period. For instance, in November 2022, Apple partnered with Slopes, a third-party application, to detect new workout modes such as snowboarding and skiing. The feature is available for Apple Watch Ultra users on a paid basis.

Segmental Outlook

The global splitboards market is segmented based on the type, application, shape, and distribution channel. Based on the type, the market is segmented into baseplate type, high back type, straps type, heelcup type, chassis type and others. Further, on the basis of application, the market is sub-segmented into men’s, women’s and others. Based on the shape, the market is segmented into directional, and directional twin. On the basis of distribution channel, the market is segmented into online and offline.

Segmental Outlook

Among the type segment, the baseplate type sub-segment is anticipated to register significant growth for the forecast period. The growth of the baseplate type sub-segment is attributed to factors such as the increasing demand for lightweight and durable splitboard bindings. Baseplate Type splitboard bindings offer better weight distribution and allow for better control, making them ideal for backcountry snowboarding. Furthermore, manufacturers are investing heavily in research and development to create innovative baseplate designs that cater to the needs of different snowboarding styles and terrains. For instance, companies such as Burton and K2 Snowboarding have launched new baseplate designs that offer better responsiveness and improved shock absorption, enhancing the overall performance of splitboards. This has contributed to the growing popularity of baseplate type splitboard bindings, driving the demand for this sub-segment.

Regional Outlooks

The global splitboards market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). The market can be analyzed for particular region or country level as per the requirement. Among these, the Asia-Pacific regional market is expected to cater prominent growth over the forecast period, however, the North American region is projected to experience considerable growth in the splitboards market.

The Asia-Pacific Region Is Expected To Hold Prominent Share in the Global Splitboards Market

The Asia-Pacific region is anticipated to hold a prominent share in the global splitboards market. The growth of the market in this region can be attributed to several factors such as the increasing popularity of snowboarding, rising disposable income, and the growing trend of adventure tourism. Countries such as Japan, South Korea, and China are witnessing significant growth in the snowboarding industry, driven by the increasing number of snowboarding enthusiasts and winter sports events. Furthermore, the increasing focus on promoting adventure tourism in these countries is expected to boost the demand for splitboards, especially for backcountry snowboarding. Moreover, the rising disposable income of the middle-class population in the region is driving the demand for recreational activities, including snowboarding. The increasing popularity of snowboarding among millennials and the younger generation is also contributing to the growth of the market in this region. Market Players Outlook

The major companies serving the global splitboards market include Korua Shapes, Lib Tech, Rome Snowboards, Rossignol, Salomon, Skis Rossignol, Union and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in June 2019, SnoFolio partnered with the U SCollegiate Ski and Snowboard Association. This partnership provides supporting and progressing skiers throughout the lifetime by making snowsport performance technology available to more athletes.

The Report Covers

Market value data analysis of 2021 and forecast to 2028.

Annualized market revenues ($ million) for each market segment.

Country-wise analysis of major geographical regions.

Key companies operating in the global splitboards market. Based on the availability of data, information related to new product launches, and relevant news is also available in the re-port.

Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.

Analysis of market-entry and market expansion strategies.

Competitive strategies by identifying ‘who-stands-where’ in the market.