A new market study, titled “Discover Global Avalanche Airbag Pack Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Avalanche airbag packs refer to safety equipment that are used while mountaineering, skiing, hiking, freeriding, ski-jumping, ski-touring, and other such sporting activities. Avalanche airbag packs are among the top must-have gears for such activities and for backcountry travelers, just like probes, shovels, and beacons. Companies are focusing on developing products with advanced features which will boost the global market. The global avalanche airbag pack market was valued at $190 million in 2018 is predicted to go up to $290 million by 2025, at a CAGR of 5.9%.
Avalanche airbag packs ensure the safety of the wearer to prevent being buried when skiing or mountaineering. During an avalanche, large objects will rise to the surface, while small objects will sink to the bottom. An airbag system is added into a backpack and contains a large balloon which inflates when the cord is pulled, helping the wearer rise to the surface. Being an important safety measure, the use of these bags is now considered a critical part of skiing gear and not a luxury good.
A growing interest in adventure sports and recreational activities like snowboarding and skiing will drive the avalanche airbag packs market. This equipment significantly reduces the risk of avalanche mishaps, which is a primary factor contributing to the market growth. A growing focus towards the safety of sports players and reducing sports-related injuries will further boost the market growth.
Improper assembling of avalanche airbag packs or manufacturing defects might limit market growth.
Key Players of Global Avalanche Airbag Pack Market =>
- BCA Float
- Black Diamond
- Mystery Ranch
- Osprey Kode
- SCOTT Sports
The animal health care market can be segmented by type and application. Based on type, the market segments include mono avalanche bags and dual avalanche bags. Mono avalanche airbags have the most market share, but dual avalanche airbags have also gained increasing popularity in recent years. Market applications include skiing, hiking, and climbing. Skiing has the highest market contribution due to the growing demand for skiing as a recreational activity.
Geographically, the market can be segmented into North America, Europe, and the Asia Pacific. North America is the highest market contributor followed by Europe. Increased interest in recreational activities and prevalence of major manufacturers in these regions results in the higher market demand. The Asia Pacific is an emerging market and has witnessed a rise in avalanche airbag pack market demand in recent years. Latin America and Africa are also predicted to play a major role in market demand.
Adoption of advanced technologies is the best way to get ahead of the competition. Market players have adopted strategies like mergers & acquisitions, collaborations, and partnerships to get a strong foothold in the market.
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