Market Size of Winter Sports Equipment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 8.50 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Winter Sports Equipment Market Analysis
The Winter sports equipment market is projected to register a CAGR of 8.5% during the forecast period, 2022-2027.
During the COVID-19 pandemic, major sports events around the world have been impacted by the novel coronavirus. Various studies have depicted that nearly 80% of winter sports equipment companies suffered declined sales due to the premature end of the 2019-2020 season, with two-thirds experiencing lower than usual sales for winter 2020-21. Further, by the end of the middle of March 2020, countries like Austria, France, and Switzerland closed all of their ski resorts, and holidays for the rest of the season were canceled. The cancelation has directly impacted the ski gear market, owing to the decline in participation from both amateur and professional players.
Over the long term, the market is expected to benefit from the growth of the tourism sector, specifically during the winter, following strong participation from the baby boomers segment. Apart from this, the fusion of gadgets in ice skates, skiing, and snowboarding concerning a strong inclination toward technological innovation and implementation is expected to boost the market for winter sports equipment and gears.
Winter Sports Equipment Industry Segmentation
The study scope covers the analysis of equipment used in different winter sports like ice skating, skiing, snowboarding, ice hockey, and others. The global winter sports equipment market is segmented by sports type, distribution channel, and geography. By sports type, the market is segmented into skiing, snowboarding, figure skating, ice hockey, and others. By distribution channel, the market is segmented into offline retail stores and online retail stores. It provides an analysis of emerging and established economies across the world, comprising North America, Europe, South America, Asia-Pacific, and Middle East and Africa. For each segment, the market sizing and forecasts have been done based on value (in USD million).
By Sports Type | |
Skiing | |
Snowboarding | |
Figure Skating | |
Ice Hockey | |
Others |
By Distribution Channel | |
Offline Retail Stores | |
Online Retail Stores |
By Geography | ||||||||||
| ||||||||||
| ||||||||||
| ||||||||||
|
Winter Sports Equipment Market Size Summary
The winter sports equipment market is poised for significant growth, driven by a resurgence in tourism and increased participation in winter sports activities. The market's recovery from the setbacks experienced during the COVID-19 pandemic is bolstered by the growing interest in winter sports among baby boomers and the integration of technological innovations in equipment such as ice skates, skiing, and snowboarding gear. While mature markets like France, Austria, and the United States show stable participation levels, emerging markets in Russia and China are witnessing a surge in interest, supported by the development of numerous ski resorts and ice rinks. This trend is further amplified by the health and wellness movement, social media influence, and celebrity endorsements, which encourage greater engagement in sports like ice hockey and skiing.
The competitive landscape of the global winter sports equipment market features a mix of established regional and global players, such as Anta International, Fischer Beteiligungsverwaltungs GmbH, BAUER Hockey LLC, and Groupe Rossignol. These companies are investing heavily in research and development to deliver advanced technological solutions to consumers. The market is also seeing new entrants leveraging social media and online platforms for marketing and distribution, aiming to capture a larger customer base. Recent product launches, such as Twelve Board Store's new ski season range and CCM's Eflex 5 Goalie line, highlight the ongoing innovation and expansion within the industry. The collaborative efforts by brands like Icelantic Skis, which involve athletes in product development, further underscore the dynamic nature of the market.
Winter Sports Equipment Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Drivers
-
1.2 Market Restraints
-
1.3 Porter's Five Force Analysis
-
1.3.1 Threat of New Entrants
-
1.3.2 Bargaining Power of Buyers/Consumers
-
1.3.3 Bargaining Power of Suppliers
-
1.3.4 Threat of Substitute Products
-
1.3.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Sports Type
-
2.1.1 Skiing
-
2.1.2 Snowboarding
-
2.1.3 Figure Skating
-
2.1.4 Ice Hockey
-
2.1.5 Others
-
-
2.2 By Distribution Channel
-
2.2.1 Offline Retail Stores
-
2.2.2 Online Retail Stores
-
-
2.3 By Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Rest of North America
-
-
2.3.2 Europe
-
2.3.2.1 United Kingdom
-
2.3.2.2 Germany
-
2.3.2.3 Spain
-
2.3.2.4 France
-
2.3.2.5 Italy
-
2.3.2.6 Austria
-
2.3.2.7 Switzerland
-
2.3.2.8 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 South Korea
-
2.3.3.4 Australia
-
2.3.3.5 Rest of Asia-Pacific
-
-
2.3.4 Rest of the World
-
2.3.4.1 South America
-
2.3.4.2 Middle East & Africa
-
-
-
Winter Sports Equipment Market Size FAQs
What is the current Winter Sports Equipment Market size?
The Winter Sports Equipment Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in Winter Sports Equipment Market?
Anta International , Fischer Beteiligungsverwaltungs GmbH , BAUER Hockey LLC, Groupe Rossignol and New Balance Athletics Inc are the major companies operating in the Winter Sports Equipment Market.