Market Size of Winter Sports Equipment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 8.50 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Winter Sports Equipment Market Analysis
The Winter sports equipment market is projected to register a CAGR of 8.5% during the forecast period, 2022-2027.
During the COVID-19 pandemic, major sports events around the world have been impacted by the novel coronavirus. Various studies have depicted that nearly 80% of winter sports equipment companies suffered declined sales due to the premature end of the 2019-2020 season, with two-thirds experiencing lower than usual sales for winter 2020-21. Further, by the end of the middle of March 2020, countries like Austria, France, and Switzerland closed all of their ski resorts, and holidays for the rest of the season were canceled. The cancelation has directly impacted the ski gear market, owing to the decline in participation from both amateur and professional players.
Over the long term, the market is expected to benefit from the growth of the tourism sector, specifically during the winter, following strong participation from the baby boomers segment. Apart from this, the fusion of gadgets in ice skates, skiing, and snowboarding concerning a strong inclination toward technological innovation and implementation is expected to boost the market for winter sports equipment and gears.
