Global Snowboard Equipment Market Set to Reach $455 Million by 2033

The global snowboard equipment market is expected to achieve a 3.9% CAGR through the next decade, reaching a valuation of US $455 million by the end of 2033. Snowboard equipment encompasses specially designed gear tailored for snowboarding, including boards, bindings, boots, outerwear, and protective gear. Its appeal lies in its versatility, offering beginners an easier learning curve and providing seasoned riders with enhanced control and maneuverability on snow-covered slopes. The design, which secures both feet to a single board, promotes quicker skill acquisition, while also enabling freestyle capabilities that facilitate various tricks and maneuvers with agility.

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The market is driven by the increasing popularity of snowboarding as a recreational and competitive sport, accompanied by a global increase in participation rates. Technological advancements, the globalization of snowboarding culture, and a growing focus on sustainability further contribute to the market's growth. The snowboard equipment market faces the challenge of seasonal demand, with sales heavily dependent on winter weather conditions, limiting revenue streams during off-seasons. Furthermore, the market's growth is tied to the health of the tourism industry, as many snowboarding destinations rely on visitors.

Key Takeaways

Japan is renowned worldwide as a premier destination for snowboarding enthusiasts, buoyed by its abundant high-quality snow and well-established ski resorts across regions like Kyushu, Tohoku, Hokkaido, and Yuzawa. This favorable landscape is poised to significantly drive the sales of snowboard equipment in Japan throughout the forecast period.

Meanwhile, in the United States, there is a growing emphasis on both mental and physical well-being, fueling increased participation in outdoor recreational activities. This societal shift is expected to propel demand for snowboarding equipment and apparel across the country. Additionally, split boards are anticipated to capture approximately 25% of the global market revenue share, boosted by greater accessibility and continuous introduction of new models, thus driving heightened consumer interest in these versatile products over the next decade.

List of Key Companies Profiled in The Report

Amer Sports Corporation
Academy Snowboard Co. Inc.
Emsco Group Inc.
Zion Snow Boards
Skis Rossignol SAS
Newell Brands Inc.
Others

Market Trends

Keeping abreast of market trends is vital in a dynamic industry like Snowboard Equipment. This section explores the latest trends shaping the market, including the rise of sustainable and recycled materials in equipment manufacturing, the emphasis on lightweight and performance-driven designs, and the integration of augmented reality in snowboarding experiences. Understanding these trends not only helps manufacturers stay ahead of consumer demands but also ensures that the Snowboard Equipment market remains at the forefront of innovation within the winter sports industry.

Value Chain

Understanding the value chain is integral to comprehending the intricate journey of Snowboard Equipment from concept to slopes. This section provides a detailed exploration of the stages involved in the production, distribution, and utilization of snowboarding gear. From the selection of materials and manufacturing processes to retail distribution and after-sales services, each step in the value chain contributes to the overall quality and customer satisfaction in the Snowboard Equipment market. Insight into the value chain aids stakeholders in making informed decisions and highlights potential areas for optimization and collaboration within the broader ecosystem.

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Competitive Landscape

Snowboard equipment manufacturers are strategically expanding their business capabilities by introducing innovative services and solutions to enhance revenue streams. In December 2022, Vermont-based Burton unveiled a new online rental program in collaboration with Arrive, providing riders with the option to rent complete snowboarding kits, shipped directly to their chosen destination. This move reflects a commitment to improving the overall customer experience and increasing revenue generation.

Leading snowboard equipment suppliers are also leveraging advanced materials and unique product offerings to capture consumer interest on a global scale. In July 2022, WNDR Alpine, an outdoor brand associated with advanced material company Checkerspot, introduced its first two snowboards, the BelleAire solid and the BelleTour split board, incorporating innovative AlgalTech materials. Additionally, Quiksilver, a boardsports brand established in 1969, expanded its portfolio in October 2021 with the 'Surf the Mountain' collection. This collection features signature snow pieces designed in collaboration with renowned names such as Sammy Carlson, Bryan Fox, and Travis Rice, showcasing the brand's dedication to staying at the forefront of snowboarding trends.

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This release was published on openPR.