Snow Sports Apparel Market 2020 Size, Share, Trends, Growth, Top Companies and Forecast 2027
COVID-19 Scenario Analysis:
• The COVID-19 outbreak has heavily hit the clothing, footwear, and accessories industry through the globe.
• Also, the sports industry has been on a halt due to the Corona Pandemic prevailing globally.
• Many sports events have been postponed or canceled due to safety reasons.
• The supply chain for the global snow sports market has disrupted due to the stoppage on export–import transactions.
• China was the major exporter and manufacturer of snow sports apparel, but now, the lockdown has stopped all these activities.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Snow sports is trending these days, and there has been a surge in the number of snow sports tournament held globally. The increase in participation in these snow sports tournaments by sports enthusiasts is the most significant factor that drives the snow sports apparel market. Rise in publicity to winter games like winter Olympics gives momentum to the global snow sports apparel market. The participation of women in these sports is another factor that boosts the demand for snow sports apparel in the market. The new trend of creating and sharing challenges, on social media platforms, excites individuals to participate in such sports activities. Sales of offline retail stores are dominant than online sales of snow sports apparel market.
However, increase in competition due to the emergence of new market players slows the growth of this market. The high cost of apparel also hampers the growth of the snow sports apparel market. There is a lack of infrastructure for winter sports activities in many countries globally. The reason for lack of infrastructure is that the majority of the nations, often follow only one sport. Prospects of winter sports thus get hurt, due to these tendencies.
Technological advancements and innovation, international expansion, surge in awareness, participation of women athletes, automation in textile industry, and continuous focus on market sustainability are few opportunities that are expected to propel the growth of the global snow sports apparel market.
Virtual Reality Shopping Experience:
The emergence of Virtual Reality (VR) has started to the traction of the global snow sports apparel market. This technology is gaining popularity in the retail industry and is going to become part of our lifestyle very soon. With the help of virtual shopping, a customer can try on different apparels, including the snow sports apparel to check the fitting, color, design, and other related things; that too without standing and waiting in a queue outside the trial rooms. For instance, Adidas, a leading vendor of the sports apparel industry, has introduced VR technology, which gives a 360° shopping experience in the retail stores.
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Companies covered Adidas, Nike, The North Face, Schoeffel, Spyder, VF Corporation, Columbia Sportswear Company, Kering Amer Sports, Decathlon, Volcom, Northland, Phenix, Lafuma, and Skis Rossignol S.A.
Key Benefits of the Report:
• This study presents the analytical depiction of the global snow sports apparel industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global snow sports apparel market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global snow sports apparel market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global snow sports apparel market analysis based on competitive intensity and how the competition will take shape in the coming years.
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