Global market for cross country ski equipment is poised to account for over US$ 50 Mn revenues by 2022-end

Cross country skiing scales are comparative less expensive, and less crowded, which in turn attracts more people to take participation. Several health benefits are associated with cross country skiing, as it is an aerobic sport and quite similar to jogging. The report, compiled by Fact.MR, provides in-depth analysis of the global cross country ski equipment market for the forecast period 2017-2022, and offers key insights about future market direction.

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The next section offers an overview of the cross country ski equipment market. This comprises an introduction to the market, along with a standard definition of the product – cross country ski equipment. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global cross country ski equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of cross country ski equipment. With continuous evolution of the sports industry, keeping a record of latest developments and trends is fundamental for cross country ski equipment manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, pricing analysis, list of distributors, and cost structure are provided in this section.

5 Key Projections on Future of Global Cross Country Ski Equipment Market

1. Based on product type, race & performance classic skis will account for revenues nearly US$ 8 Mn by 2022-end. Race & performance classic skis are estimated to remain the most lucrative product in the market. In addition, sales of the metal edge touring skis are poised to exhibit the highest CAGR through 2022.

2. Specialty stores will continue to be the largest distribution channels in the global cross country ski equipment market, and are expected to hold over one third market revenue share over the forecast period. Franchise stores are expected to be the second most lucrative distribution channel for the cross country ski equipment by 2022-end.

3. On the basis of price range, although premium cross country ski equipment will continue to be preferred among individuals, mid-range cross country ski equipment sales are projected to register the fastest expansion through 2022. Revenues from premium cross country ski equipment will account for more than 25% market share during 2017 to 2022.

4. North America is projected to retain its dominance in the global market for cross country ski equipment, witnessing expansion at a CAGR of 4.6% through 2022. Approximately US$ 16 Mn revenues will be accounted by cross country ski equipment sales in North America by 2022-end.

5. Europe will continue to be the second most lucrative market for cross country ski equipment over the forecast period. The market in Middle East and Africa (MEA) is estimated to register a sluggish expansion through 2022.

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Premium Cross Country Ski Equipment to Remain Sought-After among Individuals

Although premium cross country ski equipment are expected to remain sought-after among individuals, sales of mid-range cross country ski equipment will exhibit the highest CAGR in the market through 2022, based on price range. Over one-fourth share of the market will be accounted by premium cross country ski equipment through 2022.

Specialty stores will remain the most attractive distribution channel for cross country ski equipment across the globe, accounting for more than one-third revenue share of the market during 2017 to 2022. Franchise stores will continue to be the second largest distribution channel for cross country ski equipment.

Race and performance classic skis are expected to bring in nearly US$ 8 Mn revenues by 2022-end. This product type segment will remain the most lucrative during the forecast period. Sales of metal-edge touring skis are expected to register the fastest expansion in the market through 2022.

North America is estimated to remain dominant in the global cross country ski equipment market, expanding at 4.6% CAGR through 2022. Sales of cross country ski equipment in North America will reach nearly US$ 16 Mn in revenues by 2022-end.

Competition Tracking

Key players listed in Fact.MR’s report include Amer Sports Corporation, Fischer Sports GmbH, Kneissl Tirol GmbH, Newell Brands Inc., Black Diamond, Inc., Skis Rossignol SAS, Head NV, and Nordica S.p.A.

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This release was published on openPR.