Global Avalanche Airbags Market, By Airbag Type (Mono Avalanche Airbags and Dual Avalanche Airbags), Activation Type (Canister/ Cartridge Powered Avalanche Bags and Electric Fan Powered Avalanche Bags), System Type (Integrated, Base Unit and Removable Systems), Airbag Size (Below 25 Litres, Between 25 - 35 Litres, and Above 35 Litres), Price (Low [Below US$ 500], Medium [US$ 500 - US$ 800], and High [Above US$ 800]), Application (Skiing, Climbing, Hiking, Snowboarding, Split Boarding, Snowmobile, and Others), Distribution Channel (Online Distribution Channel and Offline Distribution Channel), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Market Analysis and Insights of Avalanche Airbags Market
Data Bridge Market Research analyses that the global avalanche airbags market will project a CAGR of 8.20% for the forecast period of 2022-2029. Growth and expansion of fast moving consumables goods industry especially in the developing economies, rising fondness among the youngsters to participate in adventure sports globally, growing awareness about the various brands and increasing personal disposable income are the major factors attributable to the growth of avalanche airbags. Therefore, the avalanche airbags market value, which was USD 201 million in 2021, would rocket up to USD 408.54 million by 2029.
From the name itself, it is clear that the avalanche airbags are the safety gears that are used by the mountaineers to carry the backpack and survive in case of avalanche. Wearing an inflated avalanche airbag has proven to improve the survival rate by 50%.
Surging number of mountaineers, trekkers, and adventure enthusiasts and rising number of product innovations are the major factors fostering growth of the market. Rising awareness about the need to adopt airbags for safety purposes and surging number of fatalities will further create lucrative growth opportunities for the market. Rising number of offline distribution channels, growing number of celebrity brand endorsements and increasing penetration of e-commerce platforms are other important factors bolstering the market growth rate.
However, intense pricing pressure over the manufacturers and fluctuations in the prices of raw materials will pose a major challenge to the growth of market. Large scale availability of low quality products in the market and uncertainties associated with use of avalanche airbags resulting in fatalities will further derail the market growth rate. Lack of strong distribution network in the backward areas and stringent regulations imposed by the regulatory authorities on skiing will further restrict the scope of growth of the market.
This avalanche airbags market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on avalanche airbags market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Avalanche Airbags Market Scope and Market Size
The avalanche airbags market is segmented on the basis of airbag type, activation type, system type, airbag size, price, application and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of airbag type, the avalanche airbags market is segmented into mono avalanche airbags and dual avalanche airbags.
- On the basis of activation type, the avalanche airbags market is segmented into canister/ cartridge powered avalanche bags and electric fan powered avalanche bags.
- On the basis of system type, the avalanche airbags market is segmented into integrated, base unit and removable systems.
- On the basis of airbag size, the avalanche airbags market is segmented into below 25 litres, between 25 - 35 litres, and Above 35 litres.
- On the basis of price, the avalanche airbags market is segmented into low [below US$ 500], medium [US$ 500 - US$ 800], and high [above US$ 800].
- On the basis of application, the avalanche airbags market is segmented into skiing, climbing, hiking, snowboarding, split boarding, snowmobile, and others.
- The avalanche airbags market is segmented in terms of market value, volume, market opportunities, and niches into multiple distribution channel. The distribution channel segment is segmented into online distribution channel, and offline distribution channel. Offline distribution channel has been further segmented into shopping mall, chain specialty store, sports variety stores and others. Online distribution channel has been further segmented into e-commerce platforms and company owned websites.
Avalanche Airbags Market Country Level Analysis
The avalanche airbags market is segmented on the basis of airbag type, activation type, system type, airbag size, price, application and distribution channel.
The countries covered in the avalanche airbags market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America is dominating the market and will continue to owing to the rising popularity of winter sports among millennial and rise in consumer spending capacity to buy products that improve the safety quotient. Asia-Pacific will continue to undergo substantial gains during the forecast period and score the highest growth rate owing to the increased presence of consumer willingness to spend on recreational sports and improving personal disposable income.
The country section of the avalanche airbags market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Avalanche Airbags Market Share Analysis
The avalanche airbags market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to avalanche airbags market.
Some of the major players covered in the avalanche airbags market are Mammut Sports Group AG, ABS, Amer Sports, Backcountry Access EU, Black Diamond Equipment, Ltd, NIC IMPEX, SAS., ORTOVOX Sportartikel GmbH, Osprey Packs, Inc., SCOTT Sports SA., THE NORTH FACE, Dakine, Osprey Packs, Inc., MYSTERY RANCH BACKPACKS, Millet SA, MOTORFIST., Deuter Sport GmbH, Clarus Corporation., Nike, Inc., Under Armour, Inc. and ASICS Asia Pte. Ltd., among others.
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