Press release
Avalanche Airbags Market to Expand with Significant CAGR during 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.
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.
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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.
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.
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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
o Company Owned Websites
o E-commerce Websites
• Offline
o Departmental Stores
o Specialty Stores
o Other (Retail Formats, etc.)
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