$ 834.99 Million Expected Growth in Winter Sports Equipment Market | 3.25% YoY Growth in 2021 Amid Spread of COVID-19 | North America to experience maximum growth
The rapid increase in the number of COVID-19 cases has had a negative impact on the sports and tourism industry. The imposition of blockages and travel restrictions has resulted in the cancellation of major winter sporting events in 2020. However, in 2021, the market is expected to accelerate with the removal of restrictions and blockages.
The market is expected to be driven by factors such as the growing popularity and growing number of sports tournaments and the increasing participation rate in professional ice hockey competitions.
The report also provides information on the upcoming trends and challenges that will influence the growth of the market.
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Winter Sports Equipment Market: Opportunities
Over the years, the market has seen an increase in the number of women participating in winter sports. In addition, many people are increasingly adopting figure skating as a fitness activity, which is driving the demand for innovative winter sports equipment. In addition, the presence of favorable government policies and increasing popularity of hockey arenas are expected to create significant opportunities for market players during the forecast period.
Winter sports equipment market: segmentation by product
On the basis of the segmentation by product, the market generated maximum revenue in the SP, SB and HS segments in 2020. The segment is driven by the growing popularity of skiing across North America and Europe. In addition, the proliferation of ice rinks is expected to have a positive impact on the growth of the segment during the forecast period.
Winter sports equipment market: segmentation by geography
North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the market growth in Europe, APAC and MEA. Market growth in North America can be attributed to the availability of numerous rinks, both indoor and outdoor. In addition, the growing popularity of cross-country skiing, figure skating, ice hockey and ice skating is expected to contribute to the growth of the winter sports equipment market in North America during the forecast period.
One of the Fortune 500 companies used the detailed research report on the Winter Sports Equipment market and decided to increase its market share in the North American region which offers the highest market opportunities in the world. during the forecast period.
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Winter Sports Equipment Market: Major Suppliers
American Athletic Shoe Co.
The company offers figure skates, hockey skates, roller skates and other products.
The company offers skis, climbing skins, ski poles and other winter sports equipment under the Black Diamond Equipment brand.
Fischer Sports GmbH
The company offers alpine skis, alpine bindings, alpine boots, cross-country skis, cross-country boots, cross-country bindings, poles, jumping skis, accessories and hockey products. The company also offers skis, boots, sticks, bindings, hockey sticks and related accessories.
The company offers skateboards, scooters, inline skates, ice skates, roller skates and related accessories.
SCOTT Sports SA
The company offers helmets, goggles, sunglasses, shoes, body protection, skis, ski boots and poles, among others.
In addition to market data, Technavio offers customizations according to the specific needs of companies. The following customization options are available for the Winter Sports Equipment Market report:
- New breakdown of market segmentation in requested regions.
Information on market players
- Detailed analysis and profiling of additional market players, supplier segmentation and supplier offerings.
- Know the strategies adopted by suppliers during the COVID-19 recovery phase.
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- Market ecosystem
- Market characteristics
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2020
- Market Outlook: Forecast for 2020 – 2025
Five forces analysis
- Summary of the five forces
- The bargaining power of buyers
- Bargaining power of suppliers
- The threat of new participants
- The threat of substitutes
- Threat of rivalry
- State of the market
Market segmentation by product
- Market segments
- Comparison by product
- Footwear – Market Size and Forecast 2020-2025
- Protective Equipment Market Size and Forecast 2020-2025
- Others – Market Size and Forecast 2020-2025
- Market opportunity by product
Market segmentation by application
- Market segments
- Comparison by application
- Skiing – Market Size and Forecast 2020-2025
- Ice Hockey Market Size and Forecast 2020-2025
- Snowboarding Market Size and Forecast 2020-2025
- Figure Skating Market Size and Forecast 2020-2025
- Market Opportunity By Application
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- APAC Market Size and Forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market Size and Forecast 2020-2025
- Main leading countries
- Market opportunity by geography
- Market factors
- Market challenges
- Market trends
- Competitive scenario
- Supplier landscape
- Landscape disturbance
- Industry risks
- Covered suppliers
- Positioning of sellers in the market
- American Athletic Shoe Co.
- ANTA Sports Products Ltd.
- Clarus Corp.
- EDEA srl
- Fischer Sports GmbH
- GRAF SKATES AG
- Icelandic LLC
- Roces Srl
- SCOTT Sports SA
- SKIS ROSSIGNOL SA
- Scope of the report
- Currency conversion rates for US $
- Research methodology
- Abreviations list
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