Press release
Global Ski Market Size to Grow at a CAGR of 3.20% in the Forecast Period of 2024-2032
The key highlights of the report include:
Market Overview (2018-2032)
• Historical Market Size (2023): USD 1.70 Billion
• Forecast CAGR (2024-2032): 3.20%
• Forecast Market Size (2032): USD 2.26 Billion
Due to the commercialisation of skiing, the demand for ski equipment and gear is anticipated to significantly rise. In the coming years, the market expansion is anticipated to be driven by growing awareness about the importance of using helmets and other ski equipment and gear to reduce the risk of skiing-related injuries.
The infrastructure associated with skiing is significantly growing due to the increasing consumer demand for snow-related leisure and tourism activities. This, coupled with the growing popularity of skiing as a recreational activity, is likely to aid the global ski market growth in the coming years.
Skiing is popular in places like the United Kingdom, continental Europe, and the United States due to high snowfall in the regions. The market is also expected to expand during the forecast period as a consequence of government programmes encouraging skiing and promoting the development of ski resorts to enhance income from tourism.
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Ski Industry Definition and Major Segments
Skiing is a well-known snow activity that requires gliding on snow, frequently down hills, mountains, or other inclined plains. Short and semi-rigid strips of cloth beneath the feet are typically worn during skiing. Mass-market skis are commonly composed of wood, foam, or plastic.
The global ski market, based on product, can be divided into:
• Skis and Poles
• Ski Boots
• Ski Protective Gear and Accessories
Based on distribution channel, the market can be segmented into:
• Offline
• Online
Based on region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Ski Market Trends
Ski apparel and equipment manufacturers are increasingly focused on developing and launching cutting-edge products to satisfy consumers' changing needs and preferences. Globally, the number of women participating in sports like skiing has grown recently, which is a significant ski market trend.
There is a rising demand for versatile and designer ski clothing amid the growing fashion consciousness. Key players are also introducing new products that can enhance the safety of wearer and reduce the risk of injuries. Besides, the development of new indoor ski resorts, as well as improvements in existing ones, is further augmenting the global ski market development.
In the forecast period, the growing spending on leisure and recreational activities by the middle-class population is likely to fuel the market for ski.
Key Market Players
The major players in the global ski market report include Fischer Sports GmbH, Black Diamond Equipment, Ltd, Amer Sports Corporation, Skis Rossignol SAS, United States Ski Pole Company, Fatcan Ski Poles, Apex Ski Boots, Icelantic LLC, Demon United, and Helly Hansen AS, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter's Five Forces Models.
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