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WILMINGTON, Del. , Sept. 27, 2022 /PRNewswire/ -- In 2021, the value of global winter sports equipment market was clocked at US$ 2436.5 Mn . The global market is anticipated to develop at a CAGR of 4.1% during the forecast period, from 2022 to 2031. By 2031, the global winter sports equipment market is estimated to touch valuation of US$ 3602.2 Mn . Teenagers are becoming more active in winter sports including figure skating, alpine skiing, cross-country skiing, ski jumping, snowboarding, luge, and speed skating, which is likely to drive the global winter sports equipment market.
The market for winter sports equipment is most developed in Europe and North America . The number of people participating in winter sports has significantly increased across Asia Pacific as well. As a result, there is a growing demand for winter sports equipment in the region, along with protective clothing and accessories, such as best snowboard gear 2022. In order to broaden their geographic coverage and provide profitable growth prospects, market players are concentrating on e-commerce platforms.
In developing nations, there is a significant demand for winter sports accessories, clothing, and footwear. In order to grow their market share, businesses are concentrating on developing sophisticated products like folding skis.
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Key Findings of Market Report
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Global Winter Sports Equipment Market: Growth Drivers
Global Winter Sports Equipment Market: Key Players
Some of the key market players are
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Global Winter Sports Equipment Market: Segmentation
Sports Protective Equipment Market - The global sports protective equipment market is expected to reach US$ 13.35 Bn by the end of 2031, grow at a CAGR of 5.2% from 2022 to 2031
Board Games & Puzzles Market - The global board games & puzzles market is expected to surpass the value of US$ 24.5 Bn by the end of 2031, expand at a CAGR of 7% from 2021 to 2031
Golf Rangefinder Market - The global golf rangefinder market is expected to cross the value of US$ 510.5 Mn by the end of 2031, expand at a CAGR of 5.9% from 2021 to 2031
Kids Activity Box Market - The global kids activity box market is estimated to exceed the value of 5.7 Bn by 2031, expanding at a CAGR of 5.9% during the forecast period
Shooting Ranges Market - Globally, revenue generated by the shooting ranges market accounted for over US$ 19.5 Bn in 2020, which is expected to expand at a CAGR of 7% in terms of value during the forecast period
Helmet Market - The helmet market is expected to expand at a CAGR 5.7% during the forecast period, it estimated to reach a value of US$ 34.2 Bn by 2030
Socks Market - The global socks market was valued at US$ 42.5 bn in 2018 and it is expected to expand at a CAGR of 6.5% from 2019 to 2027
Licensed Sports Merchandise Market - Global licensed sports merchandise market is expected to grow with a CAGR of 6.5% from 2019 to 2027
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