Snow Sports Accessories Market Anticipated for Progressive CAGR Growth during 2017-2022

Global snow sports accessories market is growing steadily due to the growing popularity of snow sports like skiing. In addition, there are several countries in the world that are devoted to the development of snow sports infrastructure. Due to this, people are being attracted to snow sports and are increasingly indulging in them. Governments in countries like China and South Korea are making large scale investments in developing infrastructure for snow sports such as ski slopes and night ski, which will further boost the snow sports accessories market. Besides this, a growing awareness about health and fitness and the rise of ecommerce domain is also contributing to the growth of this market. However, availability of counterfeit products and rising cost of snow sports accessories are acting as a restraint to the growth of the snow sports accessories market.

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Snow sports accessories are various types of equipment that are used in various sports like skiing and snowboarding among others. The various types of equipment termed as snow sports accessories are goggles, snowshoes, helmets, protection pads, etc. among others.

4 Forecast Highlights on Global Snow Sports Accessories Market

1. As per the forecast of Fact.MR, the sunglasses segment is slated to touch a value of nearly US$ 260 Mn in the year 2022. This represents a sluggish CAGR growth during the assessment period of 2017-2022. The sunglasses segment is estimated to account for nearly one-fifth of the revenue share of the product type segment by the year 2017 end and is expected to gain in market share by the year 2022 end.

2. As per the forecast of Fact.MR, the franchised stores segment will reach a value of nearly US$ 237 Mn in the year 2017. This represents a sluggish CAGR growth during the forecast period. The franchised stores segment is estimated to account for more than one-fifth of the revenue share of the channel segment in the year 2017 end and is expected to lose market share by the end of the year 2022.

3. As per the forecast of Fact.MR, the economy segment is slated to reach a value of nearly US$ 467 Mn in 2022. The economy segment is expected to lose some market value by the end of the year 2022. The largest share is contributed by the North America region in the economy segment.

4. Fact.MR forecasts the men snow sports accessories segment to grow from US$ 603 Mn in 2017 to nearly US$ 686 Mn in 2022. This represents a compound annual growth rate (CAGR) of 2.6% from 2017 to 2022.

North America Market Set to Dominate the Global Snow Sports Accessories Market in Terms of Revenue
The market in North America is set to dominate the global snow sports accessories market in terms of value and this trend is projected to sustain itself throughout the assessment period. North America snow sports accessories market is the most attractive market, growing at a sluggish CAGR over the assessment period.

Goggles Segment Poised to Touch a Value of Nearly US$ 429 Mn in 2022
As per the forecast of Fact.MR, the goggles segment is expected to reach a value of nearly US$ 429 Mn in the year 2022. This represents a sluggish CAGR during the forecast period of 2017-2022. Goggles segment is expected to account for nearly one-third of the revenue share of the product type segment by the year 2017 and is expected to gain market share by the end of the year 2022.

Sports Stores Segment to exhibit a CAGR of 2.5% During the Assessment Period
As per the forecast of Fact.MR, the sports stores segment is slated to touch a figure of US$ 330 Mn in the year 2022. This represents a CAGR of 2.5% during the assessment period from 2017 till the year 2022. This segment is expected to gain market share by the end of the year 2022. The sports stores segment is expected to account for more than one-fourth of the revenue share of the channel segment by the year 2017.

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Competition Tracking
The report also profiles companies that are expected to remain active in the expansion of global snow sports accessories market through 2022, which include Amer Sports Corporation, NIKE, Inc., Black Diamond, Inc., Fischer Sports GmbH, Head NV, Lucky Bums, LLC, Olympia Sports, Inc., Skis Rossignol SAS and The Burton Corporation.

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This release was published on openPR.