Global Snowboard Equipment Market Overview:
According to NGA (National Sports Goods Association), there is an average of 6.8 million skiers, and 5 million snowboarders who participate in the sports activities during the year 2013. Snowboard equipment are being used for surfing down hills and are covered with snow in cold countries additionally, the snowboard equipment are significantly used by the snowboard athletes to improve performance. Snowboard Equipment such as special boots and bindings are being used for securing the feet of snowboarders. Apart from the athletes, other people are also participating in snowboarding sports activities as it helps in improving cardiovascular health and squash winter blues. Snowboard participation and snowboard events, good weather conditions, and favorable demographic trends and changes are the few factors which are driving the snowboard equipment market. Some of the key players profiled in the study are Emsco (United States), Amer Sports (Finland), Gison Boards (United States), Skis Rossignal S.A. (France), Newell Brands (United States), Academy (United States) and Ski & Snowboard (United States).
On the basis of geography, the market of Snowboard Equipment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution channel, the sub-segment i.e. Online will boost the Snowboard Equipment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Significant Demand for Snowboard Equipment in Sports Industry
- Increasing Number of Aspiring Athletes
- Health Benefits Associated with Snowboard Equipment
- An Upsurge in the Demand for Snowboard Equipment due to Increasing Number of Aspiring Athletes
- Introduction of Newly Designed Cost-effective Snowboard equipment by Different Providers
- High Cost of Snowboard Equipment
- Changing Climatic Condition due to Availability of less Amount of Snow is Hindering the Market Growth
- Surge in Demand for Snowboard Equipment in Cold Countries
- High Investment by the Government in Sports Activities
- High Learning Curve and High Injury Rate are the Major Industry Growth Challengers
May 2019, Ski & Snowboard, the National Governing Body (NGB) of Olympic ski and snowboard sports in the United States, announced a new partnership with HomeLight, the San Francisco-based real estate technology company. and HomeLight is the title sponsor for the Ladies’ FIS Ski World Cup at Killington, the HomeLight Killington Cup. This event will be the only domestic stop on the World Cup tour for the women of the U.S. Ski Team. The highly anticipated event draws over 40,000 spectators over three days annually, and for many fans, the event signals the beginning of the ski season.
The Global snowboard equipment market is concentrated with the players who are involved in new product launch and new activities. For instance, June 2019, 360 Adventure Collective, a trusted association for outdoor and winter sales reps on the East Coast, has announced On Snow Demo dates and venues providing on-snow testing experiences in New England up through 2022. For 2020, the Collective will return to Pico Mountain for two days, January 22 and 23, 2020 followed by two days at Waterville Valley on February 11 and 12,2020.
Target Audience:Snowboard Equipment Manufacturer, Industry Association, Potential Investors, Downstream Vendors, Government and Regulatory Bodies and Others
Major Objectives Focused through this Study To define, describe, and forecast the Global Snowboard Equipment market on the basis of product [Split Board , Snowboard Binding , Snowboard Boots and Others] , application [Children, Men and Women], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Snowboard Equipment market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Snowboard Equipment industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization: Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Snowboard Equipment market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.