Ski Boots Is Fastest Growing Segment Fueling The Growth Of Ski Gear And Equipment Market

 

Ski gear and equipment includes items used for recreational skiing and snowboarding. Ski boots, skis, ski poles, helmets, goggles, skintight clothing are some of the essential products and accessories in the market. Proper ski gear ensures safety, performance and enjoyment on snow.

The global Ski Gear and Equipment Market is estimated to be valued at US$ 1,332.4 Mn in 2023 and is expected to exhibit a CAGR of 2.9% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
One of the key trends in the ski gear and equipment market is the increasing demand for advanced ski boots. Ski boot technology has advanced rapidly over the past few years with the introduction of custom molded designs, performance flex ratings, and BOA closure systems that offer a more comfortable and precise fit. New ski boots feature lightweight designs and use high-performance materials that maximize power transfer, increase comfort, and reduce fatigue.


Segment Analysis
The global ski gear and equipment market is segmented by product type, application, and distribution channel. Based on product type, the market can be categorized into ski boots, ski bindings, ski poles, skis and snowboard, and others, with skis and snowboard segment dominating the market. Due to the growing popularity of snowboarding as a sport as well as recreational activity, the skis and snowboard segment accounts for the largest revenue share as many new skiers opt for snowboard over skis.

Key Takeaways
The global ski gear and equipment market is expected to witness high growth, exhibiting CAGR of 2.9% over the forecast period, due to increasing preference for outdoor winter sports among millennials as well as rising number of ski resorts globally.

Regional analysis
Europe dominates the ski gear and equipment market with highest revenue share, followed by North America. This is attributed to presence of major ski resorts as well as growing participation in skiing as a sport in countries such as Austria, France, Italy, and Switzerland.

Key players
Key players operating in the ski gear and equipment market are Amer Sports Oyj, Black Diamond Equipment, Ltd., Coalition Snow, Fischer Beteilgungsverwaltungs GmbH, Helly Hansen, Icelantic LLC, Marker Volkl (International) Sales GmbH, Skis Rassignol S.A., The Burton Corporation, and Volcom LLC. Amer Sports Oyj and The Burton Corporation capture significant market share with their wide range of innovative ski products.

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