Global Ski Equipment Market 2016-2020
Skiing is a competitive as well as recreational winter sport in which the participant uses to skate on snow. This sport is most popular in North America and Europe. International Ski Federation (FIS) is the highest governing body of all ski sports. FIS Alpine World Ski Championships, FIS Nordic World Ski Championships, FIS Freestyle World Ski Championships, FIS Ski Flying World Championships, and the Winter Olympics are the highest ski tournaments in the world.
Technavio’s analysts forecast the global ski equipment market to grow at a CAGR of 1.19% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global ski equipment market for 2016-2020. To calculate the market size, the report considers the revenue generated from the retail sales of different types of ski equipment to individual consumers, clubs, and sports organizers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Ski Equipment Market 2016-2020
Technavio recognizes the following companies as the key players in the global ski equipment market: Amer Sports, Black Diamond Equipment, Rossignol, Fischer, and Newell Brands.
Other Prominent Vendors in the market are: American Athletic Shoe, Franklin Sports, and Graf.
Commenting on the report, an analyst from Technavio’s team said: “Women ski jumping is a growing trend in the market and has also been added in Winter Olympic 2015 held in Sochi, Russia. It took more than 80 years to get this women ski jumping included in the Olympic. Inclusion of this discipline in the Olympic is making the sport very popular across the globe. 30 women from 12 nations. However, this number of qualified participants is expected to increase in next Winter Olympic 2018 in South Korea. This discipline has also been included in FIS (International Ski Federation) Ski Jumping World Cup 2011. In that world cup, about 50 women ski jumpers from 15 nations participated.”
According to the report, as the ski has more recreational players than the professional skiers, the rule of wearing protective gear like helmet is not compulsory in recreational sports. For example, in Canada, ski helmets lack mandatory Canadian safety rules. The helmets used by the skiers in Canada aren't governed by any mandatory Canadian safety standards. However, there is a growth in number of helmets used by the skiers. In Canada, the usage of helmets increased from 30% in 2003 to 85% in 2015. Such growth in the helmet is a key driver for market growth.
Further, the report states that lack of snowfall during the winter is a major challenge for the ski equipment and the market as the sport entirely relies on the snow. Such lack of snow has reported across the globe. In 2015 in Japan, the lack of snowfall in Japan has led to many ski resorts closed. In December, more than 60% of the big 54 big resorts in Hokkaido, one of the most prominent places for ski in Japan, cancelled their ski services due to lack of snowfall. Temperature in such prominent ski areas remained above 32°F during the December, which is the peak time for ski.
Amer Sports, Black Diamond Equipment, Rossignol, Fischer, Newell Brands, American Athletic Shoe, Franklin Sports, Graf.
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