Press release
2025-2034 Ski Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Ski
What Is the Expected CAGR for the Ski Market Through 2025?
The ski market has expanded steadily in recent years. It is forecasted to move from $1.58 billion in 2024 to $1.61 billion in 2025, growing at a CAGR of 2.3%. Historic growth stemmed from rising winter sports popularity, tourism increases, resort expansions, higher disposable incomes, and eco-friendly practices.
What's the Projected Size of the Global Ski Market by 2029?
Over the coming years, the size of the ski market is projected to undergo consistent growth, with an expected value of $1.91 billion by 2029. This will reflect a compound annual growth rate (CAGR) of 4.4%. Factors contributing to this projected growth during the forecast period include heightened interest in recreational activities, surging demand for leisure and adventurous activities, and an increase in skiing and snowboarding participation. The introduction of eco-friendly products, the deployment of technological solutions, forging of strategic partnerships, introduction of sustainable products, lightweight bindings, and incorporated hike mechanisms are significant trends foreseen for this period.
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Top Growth Drivers in the Ski Industry: What's Accelerating the Market?
The surge in leisure activities is predicted to boost the expansion of the ski market. Such activities, characterized by any outdoor pursuits for pleasure, physical fitness, or relaxation, also include learning the techniques of motion. Skiing, a favored pastime, offers both amusement and workout, letting people engage in a stellar outdoor activity. For example, the Outdoor Foundation, a non-profit organization based in the US, released a 2023 outdoor participation trends report in December 2023, revealing a 2.3% rise in outdoor recreational participants in 2022, hitting a record-breaking 168.1 million - equivalent to 55% of US residents aged 6 and above. Consequently, the escalating participation in recreational activities is fueling the development of the ski market.
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What Trends Will Shape the Ski Market Through 2029 and Beyond?
Product innovation is becoming an increasingly trending factor in the ski market. Key businesses in this particular industry are crafting innovative goods to maintain their market dominance. For instance, Fischer Sports, a sports equipment firm based in Austria, unveiled its newly designed Ranger series skis, suitable for all mountain sports in January 2022. The meticulous selection of materials was a crucial aspect of the Ranger series' creation, aiming to reduce environmental impact. Each iteration includes recycled steel edges that vary from 20-25%, and half of the top sheets are derived from vegetable oil, comprising 10% recycled material. Contrastingly, the bases are made up of a minimum of 50% recyclable material, contributing to a zero-waste wood core, and Titanal, which consists of at least 80% recycled materials.
What Are the Main Segments in the Ski Market?
The ski market covered in this report is segmented -
1) By Product Type: Skis And Poles, Ski Boots, Ski Protective Gear And Accessories
2) By Distribution Channels: Online, Offline
3) By End-User: Men, Women, Kids
Subsegments:
1) By Skis And Poles: Alpine Skis, Cross-Country Skis, Freestyle Skis, Ski Poles
2) By Ski Boots: Alpine Ski Boots, Cross-Country Ski Boots, Freestyle Ski Boots, Adjustable Ski Boots
3) By Ski Protective Gear And Accessories: Helmets, Goggles, Knee And Elbow Pads, Ski Bags And Storage Solutions
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Which Top Companies are Driving Growth in the Ski Market?
Major companies operating in the ski market include Decathlon SA, Amer Sports, Tecnica Group S.p.A, K2 Sports LLC, Fischer Beteiligungsverwaltungs GmbH, Groupe Rossignol, Head Skis, Helly Hansen, Alpina DOO, Black Diamond Equipment Ltd, Surefoot, Armada, Blizzard Sport GmbH, Scott Sports, Icelantic LLC, DPS Skis, Rottefella AS, Marker Dalbello Voelklski GmbH, Faction Skis, Kastle GmbH, Volkl, Majesty Skis, 4FRNT Skis LLC, Coalition Snow, United States Ski Pole Company, Whitedot Skis, Liberty Skis, Moment Skis, ON3P Skis, Stockli Swiss Sports AG.
Which Regions Will Dominate the Ski Market Through 2029?
North America was the largest region in the ski market in 2024. The regions covered in the ski market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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