Press release
Survival Tools Market Update 2024 : Projected to Exhibit USD 2.4 Billion Industry Revenue by 2030 , Claims AMR
Major determinants of the market growth
Surge in use of survival tools for safety, ease in availability, and surge in number of recreational activities among enthusiasts drive the global survival tools market. However, low penetration in developing countries and availability of counterfeit products hinder the market growth. On the contrary, product innovations and rapid growth of online retail platformsare expected to open lucrative opportunities for the market players in the future.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ญ: https://www.alliedmarketresearch.com/request-sample/12873
The hikingsegment dominated the market
By application, the hikingsegment held the lion's share in 2020, accounting for nearly two-fifthsof the global survival tools market, due to rise in popularity of outdoor activities among people and busy and hectic lifestyle coupled with surge in popularity of recreational activities. However, the campingsegment is projected to manifest the highest CAGR of 10.0% from 2021 to 2030, owing torise in popularity of survival camping and increase in demand for survival kits.
The online store segment to manifest the highest CAGR through 2030
By distribution channel, the online store segment is estimated to register the highest CAGR of 9.0% during the forecast period, due to easy availability of survival tools and benefits offered by online stores such as information of product and directions to use. However, the specialty store segment dominated the market in terms of revenue in 2020, contributing to more than one-third of the global survival tools market, as consumers prefer to analyze and evaluate the product before purchases and rise in retail sales of survival tools.
North America held the largest share
By region, the global survival tools market across North Americaheld the largest share in 2020, contributing to nearly two-fifths of the market, due to popularity of hunting & fishing among other popular recreational activities and rise in adoption of healthy lifestyle. However, the market across Asia-Pacific is expected to register the highest CAGR of 9.9% during the forecast period, owing torise in urbanization and disposable income and increase in participation in recreational activities in China, Japan, and India.
๐ ๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ ๐๐ญ: https://www.alliedmarketresearch.com/purchase-enquiry/12873
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.
Major market players
Coleman Company, Inc.
Fenix Outdoors International AG
Exxel Outdoors, LLC
Johnson & Johnson
Fiskars Group
SOG Specialty Knives & Tools
Leatherman Tool Group, Inc.
UST Brands
Surefire, LLC
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ https://www.alliedmarketresearch.com/survival-tools-market-A12508
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๐๐๐๐ฒ ๐๐๐๐ข๐๐ข๐๐ซ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/baby-pacifier-market
๐๐จ๐ฆ๐ ๐๐๐๐ข๐๐ ๐ ๐ฎ๐ซ๐ง๐ข๐ญ๐ฎ๐ซ๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/home-office-furniture-market-A12536
๐.๐. ๐๐จ๐ฆ๐ ๐๐๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/us-home-decor-market-A06775
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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