Revenues from the global market for alpine ski equipment are expected to reach roughly US$ 700 Mn by 2022-end.
[EUPRwire, Tue Apr 30 2019] Large-scale development in the infrastructure of alpine skiing is expected to drive growth of the alpine ski equipment market. Most of the ski countries are taking initiatives to enhance the participation rate of alpine skiing, for reaping economic benefits. The report, compiled by Fact.MR, provides in-depth analysis of the global alpine ski equipment market for the forecast period 2017-2022, and offers key insights about future market direction.
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Equipment used by individuals in Alpine skiing i.e. sliding down the snow-covered hills are referred to as alpine skiing equipment. These equipment include skis, bindings, boots, and helmets. These equipment ensure safety of individuals while sliding down the slopes, preventing head and knee injuries.
A new report by Fact.MR projects that the global alpine ski equipment market will register a moderate expansion during the forecast period (2017-2022). Revenues from the global market for alpine ski equipment are expected to reach roughly US$ 700 Mn by 2022-end.
APEJ to Register the Highest CAGR in the Market through 2022
In terms of revenues, North America is estimated to remain the most lucrative market for alpine ski equipment. Sales of alpine ski equipment in North America are expected to reach nearly US$ 200 Mn by 2022-end. Sales of alpine ski equipment in Asia-Pacific excluding Japan (APEJ) are poised to register the highest CAGR through 2022, followed by Middle East and Africa (MEA). Europe will continue to be the second largest market for alpine ski equipment over the forecast period.
Sales of alpine bindings are projected to exhibit the highest CAGR through 2022, based on equipment type. Accounting for approximately one-third revenue share of the market, alpine boots will remain the most lucrative equipment segment in the global market, followed by all alpine skis.
Sales of premium alpine ski equipment will exhibit the highest CAGR as compared to all the other price range segments through 2022. However, economy alpine ski equipment will continue to be sought-after in the market. Sales of economy alpine ski equipment will account for revenues over US$ 250 Mn by 2022-end.
Fact.MR’s report identifies leading players in the global alpine ski equipment market, which include Amer Sports Corporation, Newell Brands Inc., Clarus Corporation, Fischer Sports GmbH, Skis Rossignol SAS, Head NV, Kneissl Tirol GmbH, and Nordica S.p.A.
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