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Investments in developing ski resorts and upgrading facilities have made skiing more accessible in regions experiencing a tourism surge. This growth not only boosts ski participation rates but also heightens the demand for premium, durable equipment. Recognized increasingly as a fitness boon, skiing promotes cardiovascular health and muscle strength. Such recognition has fueled a consistent interest in ski gear among health-conscious consumers, bolstering long-term market demand.
Heightened awareness of safety in winter sports has spurred a surge in demand for protective gear, including helmets, goggles, and other protective apparel, carving out a substantial segment in the market. Additionally, trends fueled by social media and influencers, championing outdoor lifestyles, have elevated skiing's status as a sought-after activity. This has, in turn, amplified the appetite for ski apparel and gear, particularly among the younger, more active demographic.
Skiing, being a seasonal activity, hinges on particular weather conditions, confining gear demand predominantly to the winter months. Areas lacking consistent snowfall or skiing infrastructure experience diminished demand, leading to market fluctuations and curtailing year-round sales potential.
The global ski gear & equipment industry was valued at USD 1.79 Bn in 2023 and is estimated to grow at a 3.6% CAGR from 2024 to 2032, driven by the increasing popularity of winter sports.
The men's segment held around 52% of the total market share in 2023 and is anticipated to grow at a 3.8% CAGR during the forecast period, as men in the skiing community frequently adopt the latest innovations and technological upgrades.
The U.S. dominates with an overall market share of around 85% in the North America ski gear & equipment market, driven by renowned ski resorts in states like Colorado, Utah, California, and Vermont.
Key players in the industry include Atomic Austria GmbH, Black Crows Skis, Blizzard S.p.A., Burton Snowboards, Dynastar, Elan d.o.o., Fischer Sports GmbH, Head Sport GmbH, and K2 Sports, LLC.