Press release
Avalanche Airbags Market is Projected to Reach US$ 134.4 Mn by 2031
Transparency Market Research delivers key insights on the global avalanche airbags market. In terms of revenue, the global avalanche airbags market is expected to expand at a CAGR of 5.3% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global avalanche airbags market.The global avalanche airbags market is broadly affected by several factors - increasing interest in outdoor activities; improving lifestyle of consumers; rising disposable income; and the physical benefits of outdoor recreational activities, which increases participation in skiing and snowboarding activities across the globe. All these factors are propelling the global avalanche airbags market.
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Avalanche Airbags Market: Dynamics
In terms of type, the avalanche airbags market has been bifurcated into canister-based airbag and fan-based airbag. The demand for canister-based airbags is more, globally. In terms of size, the market has been divided into below 25 liters, between 25 - 35 liters, and above 35 liters. Avalanche airbags, which are between 25 - 35 liters, are widely used and hold the highest market share globally. Based on price, the market has been classified into low (below US$ 500), medium (US$ 500- US$ 800), and high (above US$ 800). Avalanche airbags, which are medium priced are preferred. In terms of application, the market has been categorized into skiing, climbing, hiking, snowboarding, split boarding, snowmobile, and others (ski touring, etc.). Avalanche airbags for skiing purposes are used by most of the consumers.
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The distribution channel comprises online (company owned websites and e-commerce websites) and offline (departmental stores, specialty stores, and others [retail formats, etc.]), of which, the offline channel of distribution holds the highest share.
Avalanche Airbags Market: Prominent Regions
In 2020, North America and Europe together contributed more than 75% revenue share to the global avalanche airbags market. Asia Pacific is the fastest growing region in the global market. Therefore, the market in this region is anticipated to witness the fastest CAGR of 5.2% during the forecast period. The market in Europe and North America is expected to grow moderately due to increasing demand for avalanche airbags in the upcoming years. Europe accounts for a prominent market share, owing to a strong consumer base and high popularity of avalanche airbags among young adults and teenagers. Major European countries such as Italy, Germany, France, and the U.K. have mass consumers. The demand for avalanche airbags in the U.S. is anticipated to expand at a CAGR of 4.2%, followed by Canada to reach market volume of 31,345 units by the end of 2031.
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Avalanche Airbags Market: Key Players
Key players operating in the global avalanche airbags market are Mammut Sports Group AG, ABS, Arc’tyerx, Backcountry Access, Black Diamond Equipment, Ltd, NIC IMPEX, SAS (Arva), ORTOVOX, Osprey Packs, Inc., SCOTT Sports SA, and The North Face.
Global Avalanche Airbags Market: Segmentation
Avalanche Airbags Market, by Type
Canister-based Airbag
Fan-based Airbag
Avalanche Airbags Market, by Size
Below 25 Liters
Between 25 - 35 Liters
Above 35 Liters
Avalanche Airbags Market, by Price
Low (Below US$ 500)
Medium (US$ 500- US$ 800)
High (Above US$ 800)
Avalanche Airbags Market, by Application
Skiing
Climbing
Hiking
Snowboarding
Split Boarding
Snowmobile
Others (Ski Touring, etc.)
Avalanche Airbags Market, by Distribution Channel
Online
Company Owned Websites
E-commerce Websites
Offline
Departmental Stores
Specialty Stores
Other (Retail Formats, etc.)
Avalanche Airbags Market, by Region
North America
U.S.
Canada
Rest of North America
Europe
U.K.
Germany
France
Rest of Europe
Asia Pacific (APAC)
China
India
Japan
Rest of Asia Pacific
Middle East & Africa (MEA)
GCC Countries
South Africa
Rest of Middle East & Africa
South America
Brazil
Rest of South America
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Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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