Alpine Ski Equipment Market Attractiveness, Competitive Landscape and Forecasts till 2022
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Alpine skiing is a recreational as well as a competitive winter sport, with a rising number of individuals taking part in the sport. Although it is not mandatory to use helmets in most of the alpine skiing locations, adoption of helmets continue to increase on the back of awareness about head injuries. Alpine skiing infrastructure has been witnessing development across the globe, promoting tourism, and even driving a country’s economy. For example – in South Korea, a major development in skiing is being undertaken for supporting the 2018 Winter Olympics. Alpine ski resorts are continuously extending their facilities in well-established ski regions including North America and Europe. This large-scale development of alpine skiing infrastructure is attracting more individuals to participate in the sport. In addition, several ski economies have been expanding their initiatives for increasing the rate of participation in alpine skiing, and to reap economic benefits. Ski & Snowboard Australia (SSA), the governing body of competitive snow sports in Australia, had recently launched a program, called “Little Shredders”, for teaching children basics of alpine skiing without visiting slopes.
9 Key Estimations on Future of Global Alpine Ski Equipment Market
1. >110 mm size of alpine ski equipment is expected to remain sought-after among people around the world, accounting for over 80% revenues share of the market throughout the forecast period.
2. 70-79 mm alpine ski equipment sales are estimated to exhibit the highest CAGR in the market through 2022.
3. Sales of alpine ski equipment in online sales channel are expected to ride on a CAGR of 4.3% through 2022.
4. Specialty stores will remain the most lucrative sales channel in the global alpine ski equipment market, with sales projected to surpass revenues worth US$ 240 Mn by 2022-end.
5. On the basis of equipment type, alpine bindings will witness the fastest expansion in sales during 2017 to 2022.
6. Alpine boots, estimated to account for nearly one-third market revenue share, will continue to be the top-selling equipment in the market over the forecast period.
7. North America is anticipated to retain its dominance in the market, in terms of revenues. However, sales in Asia-Pacific excluding Japan (APEJ), and Middle East and Africa (MEA) will exhibit a relatively higher CAGR through 2022.
8. Based on price range, economy segment is expected to remain preferred among individuals across the globe, with sales poised to surpass US$ 250 Mn in revenues by 2022-end.
9. Key market players profiled in the report include Nordica S.p.A., Kneissl Tirol GmbH, Head NV, Skis Rossignol SAS, Fischer Sports GmbH, Clarus Corporation, Newell Brands Inc., and Amer Sports Corporation.
APEJ to Register the Highest CAGR in the Market through 2022
In terms of revenues, North America is estimated to remain the most lucrative market for alpine ski equipment. Sales of alpine ski equipment in North America are expected to reach nearly US$ 200 Mn by 2022-end. Sales of alpine ski equipment in Asia-Pacific excluding Japan (APEJ) are poised to register the highest CAGR through 2022, followed by Middle East and Africa (MEA). Europe will continue to be the second largest market for alpine ski equipment over the forecast period.
Sales of alpine bindings are projected to exhibit the highest CAGR through 2022, based on equipment type. Accounting for approximately one-third revenue share of the market, alpine boots will remain the most lucrative equipment segment in the global market, followed by all alpine skis.
Specialty stores will continue to be the largest sales channel for alpine ski equipment, with sales estimated to exceed US$ 240 Mn in revenues by 2022-end. Online sales channel for alpine ski equipment is estimated to reflect 4.3% CAGR through 2022. On the basis of size, >110 mm alpine ski equipment will remain preferred among individuals across the globe.
Revenues from this segment are anticipated to account for more than 80% share of the market during 2017 to 2022. Sales of 70-79 mm alpine ski equipment are projected to register the fastest expansion through 2022.
Sales of premium alpine ski equipment will exhibit the highest CAGR as compared to all the other price range segments through 2022. However, economy alpine ski equipment will continue to be sought-after in the market. Sales of economy alpine ski equipment will account for revenues over US$ 250 Mn by 2022-end.
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Fact.MR’s report identifies leading players in the global alpine ski equipment market, which include Amer Sports Corporation, Newell Brands Inc., Clarus Corporation, Fischer Sports GmbH, Skis Rossignol SAS, Head NV, Kneissl Tirol GmbH, and Nordica S.p.A.
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