Snow Sports Apparel Market Size, Share, Growth, Trends and Industry Analysis Report
by Susan Hill Business ConsultantThe
global snow sports apparel market size is expected to
reach USD 3.5 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 5.4% over the forecast period. The
market is driven by growing importance of winter sports among millennials as
they provide vitamin D exposure and improve tone muscles. Additionally, during
fall season in North America and Europe, people prefer enjoying snow sports on
weekend to keep themselves fit for a longer time, which, in turn, is likely to
have a significant impact on the industry growth.
Top apparel
dominated the market for the year, 2018. Growing popularity of snow sportswear
among the adult population for safety as well as appearance purposes is
expected to have a positive impact on the snow sports apparel market growth.
Furthermore, increasing demand for shooting social media videos of winter
sports among the youth population is driving manufacturers to launch various
fashionable products.
The women
segment is expected to be the fastest growing application, expanding at a CAGR
of 5.9% from 2019 to 2025. Increasing number of women participants from
developing countries including China, Mexico, and South Africa is driving the
sales of women winter sports wear. Furthermore, increasing number of women snow
sports events by authorities at the global level is expected to open new
avenues over the next few years.
The offline
segment is the largest distribution channel, with a revenue of USD 1.9 billion
in 2018. Increasing number of specialty snow sports stores, coupled with their
try and buy option, is expected to boost the market growth. Consumers prefer to
purchase their products from offline channels as they can choose from different
brands and are able to negotiate product price with retailers.
Asia Pacific
is expected to at the fastest CAGR of 6.3% from 2019 to 2025. Growing
middle-class population in developing countries such as China and India is a
key factor driving the market in this region. As a result, the manufacturers
are expected to establish their strategic business units including brand retail
outlets in order to cater to the growing requirements of snow apparel among
consumers who are interested in leisure activity.
Key
manufacturers in the market include VF Corporation; Columbia Sportswear
Company; Kering; Amer Sports; adidas Group; DESCENTE LTD.; Decathlon; Lafuma;
GOLDWIN INC.; and Skis Rossignol S.A. The companies are taking efforts on
designing new products in order to expand their market share.
Further key
findings from the report suggest:
- Bottom apparel
products are expected to be the fastest growing segment with a CAGR of
6.8% from 2019 to 2025
- The men
application segment was the largest segment, with a revenue of USD 1.5
billion in 2018
- The online
segment is the fastest growing distribution channel with a CAGR of 6.1%
from 2019 to 2025
- North America
was the largest region with a revenue of USD 918.9 million in 2018.
Access
full research report on global snow sports apparel market:
www.grandviewresearch.com/industry-analysis/snow-sports-apparel-market
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Created on Nov 13th 2019 07:58. Viewed 272 times.