Winter Sporting Goods Market - Industry Size, Share, Growth & Forecast 2027 | UnivDatos

 

Winter Sporting Goods have been in demand by the high-net-worth-individuals (HNWI) in the developed nations leading to a growth in the market. The Winter Sporting Goods Market is primarily driven by factors such as rising popularity of winter sports in developing economies and rising number of participants in winter sports from both advanced and emerging economies. Automation in Production has led to higher supply catering to the high demand in the market. Due to automation, the production time and cost of production have reduced fueling the growth in the market.

According to UnivDatos Market Insights (UMI)’ research report “Winter Sporting Goods Market”, the market is expected to witness a CAGR growth of around ~3% during the forecast period 2021-2027F. Global Winter Sporting Goods Market is experiencing significant growth due growing consumer interest in nature-based sports that offer leisure, as well as competitiveness, has been promoting the demand for winter sports.

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Based on Product, the market is segmented into Skis and Poles, Snowboards, Footwear, Ice Hockey Sticks, Protective Gear and Accessories and Others. Of the different product segments, the footwear segment leads the global market, accounting for over half of the overall market share in 2020. Advancements in technology have given rise to innovations in wearable gear. Intelligent gear such as insoles that act as a personal ski instructor, and textiles that regulate body temperature, are dictating the startup scene as well as product launches in the skiing space.

Based on Application, the Winter Sporting Goods Market is segmented into Skiing, Ice Hockey, Snowboarding, Figure Skating and Others. The Skiing segment contributed the maximum market to the Winter Sporting Goods Market. The increasing concern among consumers for a healthy lifestyle coupled with the rising acceptance of various winter sports activities, such as skiing, snowboarding, cross-country skiing, sledding, and ice skating, especially in countries with cold weather like the U.S., Canada, Germany, Sweden, France, and Austria, has increased the popularity of winter sports.

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Based on Distribution Channel, the Winter Sporting Goods Market is segmented into Online and Offline. Online segment holds the highest share in the Winter Sporting Goods Market. The growing popularity of e-commerce platforms and the increasing preference for online shopping have compelled manufacturers to lean on online distribution for better visibility and a wider consumer reach. Several manufacturers are increasingly focusing on implementing the direct-to-consumer approach to generate more sales through their online retail platforms.

North America to Witness Strong Growth

North America dominates the winter sports equipment market due to presence of various sports enthusiasts and an increasing number of winter sports participants. Sports enthusiasts in the advanced economies are focusing on making winter sports a mainstream profession which acts as a vital factor escalating the market growth. This is boosting the sales of sporting goods massively and helping the market grow organically without any major push. Moreover, increasing research and development activities and modernization will further create new opportunities for winter sports equipment market the in the forecast period. This has given a boost to the North America Winter Sporting Goods market and will define its growth in the upcoming years.

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According to UnivDatos Market Insights (UMI)’, the key players with a considerable market share in the Winter Sporting Goods Market are includes L.L. Bean Inc., American Athletic Shoe Co., ANTA Sports Products Ltd.,Clarus Corp., EDEA srl, Fischer Sports GmbH, GRAF SKATES AG, Icelantic LLC, Roces S.r.l., SCOTT Sports SA, etc.

• In December 2021, The world moves a little more slowly during the winter season, creating the perfect opportunity to indulge in outdoor fun and indoor relaxation. Winter sports fanatics, leisurely nature observers, social butterflies and stay-at-home snugglers alike should be able to depend on their winter wear to offer comfort and versatility. L.L.Bean has released its Indoor-to-Outdoor Winter Essentials for the Whole Family.

 “Winter Sporting Goods Market” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

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Market Segmentation:

1. By Product (Skis and Poles, Snowboards, Footwear, Ice Hockey Sticks, Protective Gear and Accessories and Others)
2. By Application (Skiing, Ice Hockey, Snowboarding, Figure Skating, Others)
3. By Distribution Channel (Online and Offline)
4. By Region [North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Spain, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)]
5. By Company (L. Bean Inc., American Athletic Shoe Co., ANTA Sports Products Ltd.,Clarus Corp., EDEA srl, Fischer Sports GmbH, GRAF SKATES AG, Icelantic LLC, Roces S.r.l., SCOTT Sports SA)

Key questions answered in the study:

1. What are the current and future trends of the Winter Sporting Goods Sector?
2. How the industry has been evolving in terms of consumer demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Winter Sporting Goods Sector?
5. What is the customer orientation, purchase behavior, and expectations from the Winter Sporting Goods Products suppliers across various countries?

Table of Content –

1 MARKET INTRODUCTION

2 RESEARCH METHODOLOGY OR ASSUMPTION

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 WINTER SPORTING GOODS MARKET COVID-19 IMPACT

6 WINTER SPORTING GOODS MARKET REVENUE, 2019-2027F

7 MARKET INSIGHTS BY PRODUCT

8 MARKET INSIGHTS BY APPLICATION

9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

10 MARKET INSIGHTS BY REGIONS

11 WINTER SPORTING GOODS MARKET DYNAMICS

12 WINTER SPORTING GOODS MARKET OPPORTUNITIES

13 WINTER SPORTING GOODS MARKET TRENDS

14 WINTER SPORTING GOODS MARKET VALUE CHAIN

15 DEMAND & SUPPLY ANALYSIS

16 COMPETITIVE SCENARIO

17 COMPANY PROFILED

18 DISCLAIMER

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