About Hard Adventure Sports Equipment
Hard adventure sports include sporting activities that mostly involve a high degree of inherent risk. Hard adventure sports equipment includes equipment for trekking, climbing, and caving. The growing demand for hard adventure sports equipment is a direct result of the growing adventure tourism industry and the increasing participation rates in adventure sports. Presently, the popularity of hard adventure sports activities is gaining momentum across the globe. Vendors are focusing on building a strong distribution network to reach out to more customers in the fastest possible manner. As such, they are making their products available through distribution channels like sporting goods stores, specialty sports shops, and online retail either directly or through e-tailers.
Technavio’s analysts forecast the global hard adventure sports equipment market to grow at a CAGR of 2.46% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global hard adventure sports equipment market for 2016-2020. To calculate the market size, Technavio considers the revenue generated from the sales of different types of hard adventure sports equipment such as trekking equipment, climbing equipment, and caving equipment.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Hard Adventure Sports Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global hard adventure sports equipment market: Black Diamond, Jarden, Johnson Outdoors, Seattle Manufacturing Corporation (SMC), and VF.
Other Prominent Vendors in the market are: AMG Group, Big Agnes, CAMP Technical Adventure Equipment, Columbia Sportswear, Deuter Sport, Dive Rite, Exxel Outdoors, Gregory Mountain Products, High Sierra, Jack Wolfskin, Mad Rock Climbing, Omega Pacific, Osprey Packs, Petzl, Snugpak, and VAUDE.
Commenting on the report, an analyst from Technavio’s team said: “An increase in Internet research about the hard adventure sports can be seen in recent times and will be a key trend for market growth. Most hard adventure sports enthusiasts prefer to research about destinations online before planning their trip. Around one-fifth of the total number of hard adventure sports travelers used social media to research about the caves or mountains either by reading a blog post or viewing a friend’s photos on social networking sites. Facebook is the most preferred social media platform for this research. Most hard adventure travelers also discover new adventure destinations, which were never found out before and never promoted by any organizations.”
According to the report, increasing participation in outdoor recreational activities will be a key driver for market growth. With the fast-paced and hectic lifestyle of the global population today, consumers are looking for more ways to de-stress. Owing to such needs, the participation rate in leisure activities and outdoor sports is on the rise. It is expected that the popularity of leisure activities and outdoor sports, which include the hard adventure sports as well, will likely increase the expenditure on such activities significantly over the next five years. This is one of the primary drivers of the market, which will positively impact the growth of the market during the forecast period.
Further, the report states that unfavorable weather conditions will be a challenge for the market. Unfavourable weather conditions could negatively affect hard adventure sports activities like trekking, rock climbing, and mountain climbing during the forecast period. Changes in weather patterns such as extreme heat, cold, and humidity can lead to unpleasant experiences. Using equipment such as oxygen tanks, computers, gauges, backpacks, ropes, harnesses, and masks during extreme weather conditions can be a serious concern among adventure sports enthusiasts as it becomes difficult to manage these complex equipment during turbulent weather. The dependence on weather conditions will likely limit the market's growth during the forecast period.
Black Diamond, Jarden, Johnson Outdoors, Seattle Manufacturing Corporation (SMC), VF, AMG Group, Big Agnes, CAMP Technical Adventure Equipment, Columbia Sportswear, Deuter Sport, Dive Rite, Exxel Outdoors, Gregory Mountain Products, High Sierra, Jack Wolfskin, Mad Rock Climbing, Omega Pacific, Osprey Packs, Petzl, Snugpak, VAUDE.