Global Downhill Ski Boots Market Sluggish Growth Rate Foreseen by 2022-2028

The global downhill ski boots market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). The increasing participation in winter sports is anticipated to drive the growth of the global downhill ski boots market.  According to the data published by Forbes in 2022, the participation in snow sports accounted for 10.5 million in 2020-2021 and more than 1 million participants were reported as first-time skiers and riders. Moreover, as per the data published by the Canadian Pediatric Society in 2020, there are more than 78 million annual visits to North American ski areas by skiers and snowboarders of all ages. Approximately 20.0% to 30.0% of participants consist of youth and children. Moreover, an estimated 15.0% of Canadians over the age of 12, and 4.0% of the US population over the age of seven reported participation in alpine skiing or snowboarding at least once in their lifetime. Thus, the increasing participation in snow sports is anticipated to fuel the demand for the global downhill ski boots market.

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The rise in the prevalence of skiing accidents is anticipated to drive the growth of the global downhill ski boots market. According to the data published by National Ski Areas Association (NSAA) in 2020, 51 million snowboarders and skiers hit the slopes during the 2019-2020 winter ski season. Approximately 29 catastrophic injuries and 42 fatalities were registered in the US during the 2019-2020 winter ski season. Moreover, in Colorado, the nominal rate of ski and snowboarding accidents is about 2.5 per 1000 skiers and snowboarders. However, low ability and less experienced skiers and snowboarders have injured 4 times the rate of advanced recreational skiers and snowboarders. Additionally, under the Colorado Ski Safety Act, every skier and snowboarder who hits the slopes in Colorado assumes the risk of injury resulting from any of the inherent dangers. Thus, the adoption of downhill ski boots is anticipated to avoid major injuries such as ankle sprains and prevent unnatural positions, which in turn will fuel the demand for the global downhill ski boots market.

Looking toward the demand for downhill ski boots, key market players are adopting various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in February 2022, Dalbello (MDV Group) launched Green Menance and Green Gaia for the 2022-2023 winter season. The Green Menance and Green Gaia are two ranges of eco-friendly ski boots built from recycled plastics as a part of the brand's Reboot Project. Thus, such launches are anticipated to drive the growth of the global downhill ski boots market during the forecast period.

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Market Coverage

The market number available for - 2021-2028
Base year- 2021
Forecast period- 2022-2028
Segment Covered-
By Type
By Application
Regions Covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape- Amer Sports, Group Rossignal USA, Inc., and Garmont Outdoor USA among others

Key questions addressed by the report

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
Deviation from the pre-COVID-19 forecast
Most affected region and segment
Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Downhill Ski Boots Market Report by Segment

By Type

Male Ski Boots
Female Ski Boots
Children Ski Boots

By Application

Consumer Use
Commercial Use

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This release was published on openPR.