Global Snowboard Equipment Market Size By Type (Split Board, Snowboard Binding And Snowboard Boots), By Sales Channel (Online and Offline), By Geography Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Snowboard Equipment Market size was valued at USD 400 Million in 2024 and is projected to reach USD 599.25 Million by 2031, growing at a CAGR of 4.7% from 2024 to 2031.
Hey, have you noticed how everyone's getting into snowboarding? That's driving the demand for Snowboard Equipment through the roof! All these cool winter sports events popping up around the world are also a huge factor in why the market's growing. It seems like more and more people are discovering how awesome snowboarding is, so the demand is likely to keep climbing. If you're curious about the market, the Global Snowboard Equipment Market report offers a really thorough look. It dives deep into all the important stuff – key segments, trends, what's pushing growth, what's holding it back, who the big players are, and everything else that's seriously impacting the market.
Global Snowboard Equipment Market Definition
Snowboard Equipment is the set of tools and gear used by snowboarders for snowboarding. It typically includes Snowboard, Bindings, Boots, helmets, Goggles, Gloves, Jackets and pants, base layers, and a Snowboard bag among others. The bindings are used to attach the snowboard to the rider’s boots. Snowboard boots are specially designed to fit in the bindings and provide support to the rider’s feet.
Snowboarders wear goggles to protect their eyes from snow, wind, and sunlight. Snowboarders wear special jackets and pants that are designed to keep them warm and dry in cold, snowy conditions. A base layer is worn underneath the jacket and pants to provide additional warmth. There are also additional accessories that snowboarders may use, such as wrist guards, knee pads, and elbow pads.
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Global Snowboard Equipment Market Overview
Snowboarding has become an increasingly popular sport and recreational activity, leading to a growing demand for Snowboard Equipment. This can be attributed to a number of factors, such as the development of new technology in Snowboard Equipment, increased accessibility to snowboarding through the establishment of new ski resorts and the growing popularity of winter sports in general. Moreover, snowboarding has become more mainstream over the years, with professional snowboarders gaining exposure through competitions, films, and social media. This has helped to fuel interest and demand for Snowboard Equipment, as more people are inspired to take up the sport.
However, the high cost of Snowboard Equipment is one of the significant factors which could hinder the growth of the market over the forecast period. In addition, the COVID-19 pandemic has led to a surge in interest in outdoor activities, including winter sports such as snowboarding. As people look for safe ways to stay active and enjoy the outdoors, snowboarding has emerged as a popular option.
Market Attractiveness
The image of market attractiveness provided would further help to get information about the region that is majorly leading in the global Snowboard Equipment Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.
Porter’s Five Forces
The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the global Snowboard Equipment Market, gauge the attractiveness of a certain sector, and assess investment possibilities.
Global Snowboard Equipment Market Segmentation Analysis
The Global Snowboard Equipment Market is Segmented on the Basis of Type, Sales Channel, Vehicle Type, And Geography.
Snowboard Equipment Market, By Type
Split Board
Snowboard Binding
Snowboard Boots
Others
Based on Type, the market is segmented into Split Board, Snowboard Binding, Snowboard Boots, and Others. The split board segment held the largest market share in the Snowboard Equipment Market in 2021. Split board snowboarding has been gaining popularity in recent years, particularly among backcountry snowboarders who enjoy exploring untouched terrain. A split board is essentially a snowboard that can be separated into two halves, creating a pair of skis that can be used to hike uphill. This allows snowboarders to access backcountry areas that would be difficult or impossible to reach with a regular snowboard.
Snowboard Equipment Market, By Sales Channel
Online
Offline
Based on Sales Channel, the market is segmented into Online and Offline. The offline segment held a significant market share in the Snowboard Equipment Market in 2021. Availability of Snowboard Equipment in offline stores such as specialty stores and retail stores is one of the key factors which is driving the growth of the market. The online segment is anticipated to grow at the highest CAGR over the forecast period. Rising preference for online shopping is one of the key factors boosting the growth of the market.
Snowboard Equipment Market, By Vehicle Type
Passenger Vehicle
Commercial Vehicle
Based on Vehicle Type , the market is segmented into Passenger Vehicle, Commercial Vehicle, and Others.
Snowboard Equipment Market, By Geography
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
On the basis of Geography, the global Snowboard Equipment Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America region accounted for the highest market share in the global Snowboard Equipment Market in the year 2021. There has been a growing demand for Snowboard Equipment in North America in recent years.
This trend can be attributed to several factors, including the increasing popularity of snowboarding as a winter sport, the growth of the winter sports industry, and the development of new and innovative snowboarding equipment. Snowboarding has become increasingly popular in North America, particularly among younger generations. Many ski resorts now offer dedicated snowboarding terrain parks, which has helped to attract more snowboarders to the sport.
Key Players
The “Global Snowboard Equipment Market” study report will provide valuable insight with an emphasis on the global market including some of the major players of the industry are Emsco, Amer Sports, Gison Boards, Skis Rossignal, Zion Snow Boards, Newell Brands, Moonchild Snowboards, among others.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Ace Matrix Analysis
The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
KEY COMPANIES PROFILED
Emsco, Amer Sports, Gison Boards, Skis Rossignal, Zion Snow Boards, Newell Brands, Moonchild Snowboards, among others.
SEGMENTS COVERED
By Type, By Sales Channel, By Vehicle Type, And By Geography.
CUSTOMIZATION SCOPE
Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope
Research Methodology of Market Research
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Reasons to Purchase this Report
We'll dive deep, looking at the market from all angles – not just the numbers, but also the human side of things. You'll get the scoop on market values (think USD Billion) for every little piece of the pie. We'll pinpoint which region and segment are set to explode with growth and which ones are already king. Plus, we'll break down what's driving or holding back each region, specifically looking at product/service consumption. Need to know who's who? Our competitive landscape section ranks the major players and highlights their latest movesnew launches, partnerships, expansions, and acquisitions from the last five years. We're also including detailed company profiles, packed with company overviews, insights, product benchmarks, and good old SWOT analyses. Get ready for a peek into the future – the industry's outlook, growth opportunities, and the challenges ahead, both in emerging and established markets. We'll even throw in Porter's five forces and a deep dive into the value chain. And to top it off, we’ll offer market dynamics scenarios and highlight up-and-coming growth opportunities, and you get 6 months of analyst support after you purchase.
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