Snowboard Equipment Market: Industry is projected to Bring in US$ 300 Million Revenue by the end of 2022, New Report Suggests

Surge in snowboard athletes is expected to fuel demand for snowboard equipment in the sports industry significantly. Sales of snowboard equipment through online and specialty stores is expected to boost growth of the global market. Increasing demand for technically equipped sports equipment is further expected to rev up demand for snowboard equipment among athletes The report, compiled by Fact.MR, provides in-depth analysis of the global snowboard 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 snowboard equipment market. This comprises an introduction to the market, along with a standard definition of the product – sports fitness tracker. 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 snowboard equipment market, the report provides updates about market opportunities, which can benefit leading manufacturers of sports fitness tracker. With continuous evolution of the sporting goods & accessories industry, keeping a record of latest developments and trends is fundamental for snowboard 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.

Snowboarding – A Healthy Workout

As the plummeting temperature leads to myriad of inactivity and boredom, snowboarding is a sport that has helped people squash their winter blues. Attributed to various health-related benefits, snowboarding has been considered equivalent to aerobic exercise. This popular winter sports offers strong cardio workout, which helps in burning calories. Much known for health-related benefits, snowboarding also continues to cognition and mental health of people positively. A recently conducted research by the National Institute on Aging reveals that exercise is one of the various factors that impact cognition positively apart from cardiovascular health, social engagement, and mental activity. Bound to such factors, snowboarding continues to witness a surge in demand in the cold countries.

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Significant Demand in the Sports Industry

Growing number of aspiring snowboarding athletes has led to an upsurge in demand for snowboard equipment globally. In pace with changing weather conditions, there is a surge in demand for sport equipment that are equipped with enhanced technology. Sports manufacturers are integrating advanced technology in equipment including tracker watches, heated boot liners, and other gadgets that offer convenience and safety to sportsmen.

However, several factors are impacting demand for snowboards negatively. Insufficient snow due global climatic change has led to significant drop in snowboarding participation. According to NGA, an average of 6.8 million skiers, and 5 million snowboarders participated in the sports between the year 2010 and 2013.

Speciality Store to Represent a Leading Segment

Split board is expected to represent the highest growth in terms of revenue in the global market. This segment is expected to represent a value of over US$ 10 Mn in the global snowboards equipment market by the end of 2022. Snowboard binding is expected to represent the second highest growth in terms of revenue in the global market through 2022. North America is expected to represent the largest market for snowboard equipment products globally. Men’s snowboard boots is expected to witness the highest CAGR growth in the global market, followed by split board and kid’s snowboard boots.

Speciality store is expected to represent the highest growth in terms of revenue in the global market. This segment is expected to represent a value of over US$ 20 Mn in the global snowboard equipment market by the end of 2017. Online sales channel is expected to represent the second highest growth in terms of revenue in 2017. Sales of snowboard equipment products is expected to remain high in North America. Speciality stores is expected to witness the highest CAGR growth in the global market, followed by direct sales.

Economic price range is expected to represent the highest growth in terms of revenue in the global market. This segment represent a value of over US$ 30 Mn in the global snowboard equipment market by the end of 2022. Premium range is expected to represent the second highest growth in terms of revenue in the global market through 2022. Mid-range price is expected to witness the highest CAGR growth in the global market, followed by premium price range throughout 2022.

Competitive Tracking

Leading market players operating in the global snowboard equipment market include Amer Sports Corporation, Emsco Group, Inc, Skis Rossignol SAS, Gilson Boards, LLC, Newell Brands Inc, Zion Snow Boards, Head NV, and Academy Snowboard Co. Inc.

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This release was published on openPR.