The global Winter Sporting Goods market size is expected to be worth around US$ 678.9 million by 2030, according to a new report by Vision Research Reports.
The global Winter Sporting Goods market size was valued at US$ 372.9 million in 2020 and is anticipated to grow at a CAGR of 6.7% during forecast period 2021 to 2030.
|Market Size||US$ 678.9 million by 2030|
|Growth Rate||CAGR of 6.7% From 2021 to 2030
|Forecast Period||2021 to 2030|
|Segments Covered||Product, Distribution Channel|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Tube Pro, Inc.; Airhead Sports Group; L.L. Bean; Agit Global, Inc.; Paricon; Bestway Inflatables & Material Corp.; Emsco Group; Slippery Racer; Franklin Sports Inc.; Gizmo Riders; Surf 9 LLC; Zipfy; PoolCandy|
The rising popularity of outdoor activities including snow sports among consumers, because of the growing awareness regarding these sports’ mental and physical benefits, is driving the winter sporting goods demand, thereby supporting this market’s growth. Furthermore, the growing consumer interest in nature-based sports that offer leisure as well as competitiveness has been promoting the demand for winter sports products including sleds and tubes.
The growing popularity of e-commerce platforms and the increasing preference for online shopping have compelled manufacturers to lean on online distribution for better visibility and a wider consumer reach. Several manufacturers are increasingly focusing on implementing the direct-to-consumer approach to generate more sales through their online retail platforms.
By Distribution Channel Analysis
In terms of value, the offline distribution channel segment dominated the market for winter sporting goods and accounted for the largest revenue share of over 57.0% in 2020. This segment is projected to witness a maximum CAGR of 6.4% over the forecast period.
The online segment is expected to witness a CAGR of 4.9% in the market for winter sporting goods from 2021 to 2028. Online is emerging as the most popular distribution channel for all types of winter sporting goods.
Buying winter sporting goods online helps customers save a significant amount of time and energy usually spent on offline shopping. As most online retailers for winter sporting goods ship products for free, customers can easily benefit from zero transportation/shipping costs.
By Product Analysis
In terms of value, the sleds segment dominated the market for winter sporting goods and accounted for the largest revenue share of around 56.0% in 2020. This product segment is projected to witness a CAGR of over 5% over the forecast period. A sled is a small vehicle/device used typically by children to coast down snow/ice-covered areas.
The tubes segment is projected to witness a CAGR of 7.6% in the market for winter sporting goods from 2021 to 2030. Snow tubes are oversized inner tubes that feature a cut-out (usually round) section in the center.
Individuals who require control and are particular about a device’s steering capabilities prefer sleds. On the other hand, tubes are inherently hard to control as they are designed for fast speeds.
By Regional Analysis
North America dominated the winter sporting goods market and accounted for the largest revenue share of over 38.0% in 2020. The increasing popularity of winter sports among youngsters and millennials is likely to boost the demand for these products.
Asia Pacific is projected to witness a CAGR of 7.6% over the forecast period. The increased popularity of winter sports among youngsters and millennials and the growth of winter tourism in several parts of the region are primary factors driving the demand for winter sporting goods.
Tube Pro, Inc.
Airhead Sports Group
Agit Global, Inc.
Bestway Inflatables & Material Corp.
Franklin Sports Inc.
Surf 9 LLC
By Distribution Channel
Central & South America
Middle East & Africa (MEA)
The Winter Sporting Goods market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Winter Sporting Goods market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Winter Sporting Goods market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Winter Sporting Goods market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Winter Sporting Goods market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Winter Sporting Goods capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Winter Sporting Goods by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Winter Sporting Goods market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Winter Sporting Goods market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Winter Sporting Goods market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Winter Sporting Goods industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
Winter Sporting Goods market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Winter Sporting Goods market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Winter Sporting Goods market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Winter Sporting Goods market. These factors have benefited the growth of the global market for Winter Sporting Goods. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Winter Sporting Goods. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Winter Sporting Goods are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
The study objectives of this report are:
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