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Global Ski Gear & Equipment Market to Surpass US$ 1,439.4 Million by 2025 – Coherent Market Insights

Seattle, July 12, 2018 (GLOBE NEWSWIRE) -- The global ski gear and equipment market was valued at US$ 1,199.9 million in 2017 and is projected to exhibit a CAGR of 2.9% over the forecast period (2018–2025).

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/EIN News/ -- Key Trends and Analysis of the Ski Gear and Equipment Market:

  • Increasing adoption of helmets and increasing number of skier visitors are expected to boost growth of the global ski gear and equipment market over the forecast period. According to U.S. Consumer Product Safety Commission, the use of helmets by snowboarders or skiers can prevent around 44% head injuries among adults and 53% among children aged 15 years and below.
  • According to the Destination British Columbia, North America and South America, together accounted for 22% of the skier visits and 57 million skier visits are annually recorded in the U.S., accounting for 15% of the total global visits during 2011-2012.

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Key Market Takeaways:

  • The market is expected to exhibit a CAGR of 2.9% during the forecast period (2018–2025), attributed to high participation of the populace in outdoor recreational activities such as skiing and other snow sports. For instance, according to Sports England, a public body under the Department for Culture, Media and Sport, 47% people participate in regular outdoor activities in the U.K.
  • Asia Pacific held a significant position in the market in 2017 and is projected to retain its dominance throughout the forecast period, owing to growing ski industry in this region. According to the Destination British Columbia, the ski industry in China was valued at US$ 629 million in 2015.
  • Furthermore, increasing government initiatives to encourage participation in skiing is expected to drive growth of the ski gear & equipment market. For instance, in August 2017, Get Into Snow Sport (GISS), skiing initiatives is expected to be launched in China as a part of Winter Olympics build-up. This initiative operates through a partnership between the International Ski Federation (FIS) and Beijing Sports University in collaboration with the Chinese Ski Association.
  • Some of the major players operating in the global ski gear and equipment market are Amer Sports Oyj, Fischer Beteiligungsverwaltungs Gmbh, Black Diamond Equipment, Ltd., Skis Rossignol S.A., The Burton Corporation, Coalition Snow, Helly Hansen, and Volcom LLC
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