This report provides exclusive insights into the COVID-19 impact on the Winter Sports Equipment Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Winter Sports Equipment Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Winter Sports Equipment Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on
winter sports equipment market provides in-depth analysis of segments and
sub-segments in the global as well as regional winter sports equipment market.
The study also highlights the impact of drivers, restraints, and macro
indicators on the global and regional winter sports equipment market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global winter sports equipment market.
According to the report, the global winter sports equipment market is projected
to grow at a CAGR of 2.1% over the forecast period of 2019-2025.
Winter sports are gaining popularity with rising tourism in
the winter season. It is important to have proper winter sports equipment while
participating in any of the winter sports. Staying warm is necessary while
playing any of the winter sport. Thus the right clothing and equipment will
help to stay warm. The leading players are investing in technological
advancement to innovate various advanced winter sports equipment.
The growing winter tourism industry is one of the major
contributors to the growth of the winter sports equipment market. The changing
consumer preferences and cutting-edge technology led to a transformation in the
skiing industry. Bobsled Tirol based startup has developed an e-vehicle for
inclusion people the snow resorts like a go-kart on the snow. This will be
beneficial for non-skiers to enjoy the trip. Further, the growing demand for
high-quality waterproof boots complements the growth of winter sports equipment
market. Various innovations in ski equipment favor the expansion of the winter
sports equipment market. In addition, the growing demand for innovative ski and
snowboard accessories led to the growth of the winter sports equipment market.
On the flip side, overcrowding at snow resorts hampers the growth of the winter
sports equipment market. Companies are engaging in tie-up with resort owners
for improving the facilities at resorts. Moreover, the introduction of new
wearables and sensors for big data analysis creates fruitful opportunities for
the growth of the winter sports equipment market.
Geographically, the global winter sports equipment market is
divided into North America, Asia-Pacific, Europe, and the Rest of the World.
North America is expected to have a major share in the global winter sports
equipment market. The growing participation rate in professional ice hockey
competitions in North America will augment the growth of the winter sports
equipment market in the region. In addition, the presence of various sports
enthusiasts in the region led to the increased demand for the winter sports
equipment. Asia-Pacific region is anticipated to grow in the global winter
sports equipment market with a healthy CAGR over the forecast period. The
rising popularity of winter sports in developing countries in Asia-Pacific will
augment the growth of the Asia-Pacific winter sports equipment market. Europe
has fruitful opportunities in the global winter sports equipment market due to
advancements in the skiing industry in the region.
The report on global winter sports equipment market covers
segments such as product, sport, and distribution channel. On the basis of
product, the sub-markets include poles, skies, snowboards, boots, ice hockey
sticks, and other products. On the basis of sport, the sub-markets include ice
hockey, ice skating, snowboarding, and other sports. On the basis of
distribution channel, the sub-markets include online, and offline.
The report provides profiles of the companies in the market
such as Clarus Corporation, Icelantic LLC, ELAN D.O.O., Fischer Sports GmbH,
Rossignol Group, AmerHead UK Ltd. Sports Oyj, Head UK Ltd., Sport Maska Inc.,
BAUER Hockey LLC, Volkl Sports GmbH & Co. Kg, and Other companies.
The report provides deep insights into the demand forecasts,
market trends, and micro and macro indicators. In addition, this report
provides insights into the factors that are driving and restraining the growth
in this market. Moreover, The IGR-Growth Matrix analysis given in the report
brings an insight into the investment areas that existing or new market players
can consider. The report provides insights into the market using analytical
tools such as Porter's five forces analysis and DRO analysis of winter sports
equipment market. Moreover, the study highlights current market trends and
provides forecast from 2019-2025. We also have highlighted future trends in the
market that will affect the demand during the forecast period. Moreover, the
competitive analysis given in each regional market brings an insight into the
market share of the leading players.