Sales of United States Cross Country Skiing Equipment Market to Grow 2.2X by 2031

Europe holds a major chunk of the global cross country skiing equipment market share due to its geographical advantage and rising government investments in the tourism sector, followed by North America. Rising standards of middle-class households around the world as well as people's preference for visiting adventurous locations for recreational activities and complementing market expansion.

For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=226

Soaring investments are being seen in research & development to acquaint consumers with advanced skiing equipment to prevent falls and facilitate easy gliding on soft snow.

According to the latest revised report by Fact.MR, the cross country skiing equipment market is estimated to be valued at over US$ 1 Bn in 2021, and is expected to grow 1.7X by 2031, at a CAGR of close to 6%.

Key Takeaways from Market Study

• Race and performance classic skis account for the largest market share of 15.5%, and are expected to hold a market value of US$ 225 Mn by the end of 2031.

For critical insights on this market, request for methodology here - https://www.factmr.com/connectus/sample?flag=RM&rep_id=226

• By end use, institutional level holds the highest value and is expected to reach US$ 794 Mn by the end of 2031.
• Under the sales channel, specialty stores hold the 35.3% of the market share, and will offer an absolute dollar opportunity of US$ 282 Mn over the next ten years.
• The market in Europe to lose 753.5 BPS over the forecast years, but grow 1.5X over 2021 to 2031.
• The Alps, under country segment in Europe, to hold the highest market share of 37.9% in 2021, and is anticipated to expand at a CAGR of close to 6% over the forecast years.

For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/226

Key Market Segments Covered

• By Product
o Touring Skis
o Race and Performance Classic Skis
o Metal-edge Touring Skis
o Touring Boots
o Race and Performance Classic Boots
o Metal-edge Touring Boots
o New Nordic Norms (NNN) Bindings
o Salomon Nordic system (SNS) Bindings
o Poles

• By Price Range
o Economy Cross Country Skiing Equipment
o Mid-range Cross Country Skiing Equipment
o Premium Cross Country Skiing Equipment
o Super Premium Cross Country Skiing Equipment

Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2019/06/11/1866892/0/en/Growing-Sportfishing-and-Angling-Popularity-Likely-to-Drive-Global-Fishing-Rods-Sales-to-Over-12-Million-by-2020-finds-Fact-MR-Study.html

Winning Strategy

Key stakeholders have been investing in research & development in order to develop lighter equipment with longer lifespan and greater flexibility. These advancements would propel the sports industry forward in the medium- to long-term forecast period, including the market for cross country skiing equipment.

Explore how MarketNgage can help your Business: https://techbullion.com/marketngage-a-revolutionary-intelligence-engine-for-todays-research-needs/

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
E: sales@factmr.com
Website: https://www.factmr.com
Content Source: https://www.factmr.com/media-release/1999/cross-country-ski-equipment-market-trends

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.