Press release
Survival Tools Market Set to Reach $2,481.6 million by 2030, Driven by Increasing Demand and Application Expansion
The sports & recreational activities sector was severely affected during the outbreak of the COVID-19 pandemic. This is attributable to the facts that government of all the countries imposed strict lockdown in their countries, consumers were restricting themselves to go out from their home in order to maintain social distancing. Thus, the aforementioned facts hampered the growth of the market during pandemic.
By product type, the others segment is anticipated to grow at the highest CAGR during the forecast period. With owing to increase in demand for outdoor recreational activities due to rising population and trend of outing and outdoor recreation, the demand for survival tools including whistles, ropes, GPS and others is consistently rising.
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Moreover, by application, the camping segment in the survival tools market is anticipated to grow at the highest CAGR of 4.07% in terms of value sales during the forecast period. This is attributable to the rising trend of camping among the consumers, especially among millennial, which in turn is fueling the survival tools market growth.
Furthermore, by distribution channel, online store is anticipated to be the fastest growing segment in terms of value sales during the forecast period. This is because online platforms or e-commerce are becoming a popular medium for the purchase survival tools among the customers. This is due to easy availability of survival tools and the benefits provided by it such as the information about the product functional attribute, time-saving feature, and the facility of home delivery to the customers.
The global survival tools market is analyzed on the basis of product type, application, distribution channel, and region. By product type, it is classified into pocket tools, first aid kit, compass and others. By application, it is divided into hiking, hunting & fishing, camping and others. Based on distribution channel, the market is segregated into specialty store, online store, supermarket/hypermarket and others. Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and rest of Europe), Asia-Pacific (China, India, Australia & New Zealand, Japan, South Korea, ASEAN and rest of Asia-Pacific), and LAMEA ( Brazil, Saudi Arabia, South Africa, Turkey and rest of LAMEA).
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Key findings of the study
By product type, the pocket tools segment accounted for the highest survival tools market share in 2020, growing at a CAGR of 6.2% from 2021 to 2030.
By application, the hiking segment accounted for the highest market share in 2019, growing at a CAGR of 6.0% from 2021 to 2030.
By distribution channel, the specialty store segment accounted for the highest market share in 2020, growing at a CAGR of 5.9% from 2021to 2030.
By region, North America occupied the maximum share in the survival tools market in 2020 and is expected to dominate the market during the forecast period.
The key players operating in the global survival tools industry include Coleman Company, Inc., Exxel Outdoors, LLC, Fenix Outdoors International AG, Fiskars Group, Johnson & Johnson, Leatherman Tool Group, Inc., SOG Specialty Knives & Tools, Surefire, LLC and UST Brands.
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TABLE OF CONTENT :-
CHAPTER 1:INTRODUCTION
1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology
1.4.1.Secondary research
1.4.2.Primary research
1.4.3.Analyst tools and models
CHAPTER 2:EXECUTIVE SUMMARY
2.1.Key findings of the study
2.2.CXO perspective
CHAPTER 3:MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.COVID-19 impact on India skin care products market
3.4.1.Multiple scenario
3.5.Value chain Analysis
3.6.Top Impacting factors
3.7.Top Impacting factors
3.8.Market dynamics
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Allied Market Research is market research, consulting, and advisory firm of Allied Analytics LLP. Founded in 2013, the firm has been instrumental in offering high-quality syndicated and customized market research reports, consulting services, and useful insights to leading market players, startups, investors, and stakeholders. Driven by the aim to eliminate sub-standard data and become a successful partner for organizations, Allied Market Research has been innovating continuously, expanding the product & service portfolio, and implementing the client-first approach since its inception. With the clientele spanning more than 7,000 organizations that also include a majority of Fortune 500 companies, AMR has a proven track record of helping and serving the global clientele and playing a major role in their success.
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