Ski Gear and Equipment Market Growth Accelerated by Increasing Skiing Participation

 

Ski gear and equipment are essential accessories for skiing and snowboarding activities. Skiing is one of most popular winter sports and it continues to gain more followers globally. Skis, ski boots, bindings, poles, helmets, goggles, and other protective gears are key products associated with skiing. 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 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The increasing participation in skiing and snowboarding activities is one of the key trends propelling the growth of the global ski gear and equipmentmarket. According to National Ski Areas Association, ski visits in North American increased from 57.2 million to 61.2 million between 2017 and 2022. Supported by the growing popularity of skiing as one of the iconic winter sports, innovation in ski gear and equipment along with offering durable and high quality products is encouraging more people to take up skiing. This is positively impacting the sales of ski gear and equipment such as skis, boots, bindings, helmets and protective clothing. Manufacturers are launching technologically advanced ski products to attract more customers and tap growth opportunities in the market.

Segment Analysis
The global ski gear and equipment market is dominated by the alpine skis segment which holds around 65% market share. Alpine skiing remains the most popular skiing segment and alpine skis are used for skiing down snow covered slopes. The growing popularity of alpine skiing among recreation enthusiasts and skiers contributes to the high demand for alpine skis.

Key Takeaways
The global ski gear and equipment market is expected to witness high growth over the forecast period of 2023 to 2030.

Regional analysis: North America accounts for the largest share of the global ski gear and equipment market currently. Countries like the US and Canada have a strong ski culture and presence of major ski resorts which drives the demand for ski gear and equipment in the region. The growing interest in winter sports among millennials is also boosting the North America market.

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 leads the market with its brand portfolio including Arc'teryx, Atomic, and Salomon. Black Diamond Equipment, Ltd. specializes in rock climbing, skiing and mountain gear. 

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