Snow Sports Apparel Market Size to Grow by USD 979.21 Million

NEW YORK, June 13, 2022 / PRNewswire / – The Snow Sports Apparel Market report provides complete insights on key vendors including adidas AG, ANTA Sports Products Ltd., Burton Corp., Clarus Corp., Columbia Sportswear Co., Decathlon SA, Group Rossignol USA Inc., Halti Oy, Schoffel Sportbekleidung GmbH, VF Corp., Bogner homeshopping GmbH and Co. KG, Authentic Brands Group LLC, Backcountry.com LLC, CALIDA HOLDING AGChina Dongxiang Co. Ltd., DESCENTE Ltd., Hot Chillys, K2 Sports Europe GmbH, Patagonia Inc., and Youngone Corp.

Technavio has announced its latest market research report titled Snow Sports Apparel Market by Product and Geography – Forecast and Analysis 2022-2026

  • adidas AG- The company offers snow sports apparel such as Resort three in one jacket, Acerra 3ST ADV boots, and Terrex climawarm snowpitch winter shoes.

  • ANTA Sports Products Ltd.- The company offers snow sports apparel under the subsidiary Amer Sports. Moreover, the company also offers sportswear products by its brands such as DESCENTE and KOLON SPORT.

  • Burton Corp.- The company offers a wide range of products such as snowborarding products, T shirts, Hoodies, sweatshirts, gloves, mittens and others.

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The Snow Sports Apparel Market value is set to grow by USD 979.21 million from 2021 to 2026, as for the latest report by Technavio. Moreover, the market is segmented by Product (Alpine apparel and snowboard apparel) and Geography (North America, EuropeAPAC, South Americaand the Middle East and Africa).

Market Segmentation

  • By Product- The snow sports apparel market share growth by the alpine apparel segment will be significant during the forecast period. The developments in the skiing infrastructure globally, the rapid increase in the number of skiing tournaments, and the rising participation of women in such sports are the key factors driving the growth of the segment.

  • By Geography- 40% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for snow sports apparel in North America. Market growth in this region will be faster than the growth of the market in the Middle East and Africa. The increase in participation in snow sports such as alpine skiing will facilitate the snow sports apparel market growth in North America over the forecast period.

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Market Dynamics

  • Key Driver- The availability of a wide product mix and the assortment is a major factor driving the global snow sports apparel market growth. The global snow sports apparel market is witnessing a huge demand from the influx of snow sports enthusiastic population for recreational activities such as skiing, snowboarding, trekking, mountaineering, and climbing. Vendors that were offering sports and outdoor clothing have started to offer a variety of snow sports apparel in the last decade. For instance- VF Corporation, one of the sports and casual apparel giants, is offering numerous ski and snowboarding clothes with a large product mix and product assortment. The global snow sports apparel market is witnessing a huge demand due to millennials’ inclination toward outdoor sports, including snow sports activities in countries such as the US. Therefore, the wide product mix and product assortment made by vendors will drive the global snow sports apparel market during the forecast period.

  • Major Challenge- The threat of counterfeit products will be a major challenge for the global snow sports apparel market share growth during the forecast period. The penetration of the Internet and smartphone has grown over the last decade, which facilitates both established and local vendors to sell their products online. By leveraging e-commerce platforms, counterfeit outdoor and sports apparel are being sold in the market by replicating the original ones. The presence of many unregistered vendors that sell counterfeit products of branded counterparts online may hamper the optimum market penetration of key vendors. The counterfeit snow sports apparel looks the same as the original ones, and users can make out the difference only in terms of quality, comfort, and dimensional stability. With the growing sales of these counterfeit products, consumers may not be able to differentiate between genuine / branded and counterfeit products. Thus, the prevalence of counterfeit products is expected to hinder the market’s growth and hamper the image of genuine manufacturers during the forecast period.

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Snow Sports Apparel Market Scope

Coverage Report

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Decelerate at a CAGR of 4.2%

Market growth 2022-2026

$ 979.21 million

Market structure

Fragmented

YoY growth (%)

4.57

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 40%

Key consumer countries

US, Canada, China, Russia, and UK

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

adidas AG, ANTA Sports Products Ltd., Burton Corp., Clarus Corp., Columbia Sportswear Co., Decathlon SA, Group Rossignol USA Inc., Halti Oy, Schoffel Sportbekleidung GmbH, VF Corp., Bogner homeshopping GmbH and Co. KG, Authentic Brands Group LLC, Backcountry.com LLC, CALIDA HOLDING AG, China Dongxiang Co. Ltd., DESCENTE Ltd., Hot Chillys, K2 Sports Europe GmbH, Patagonia Inc., and Youngone Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization preview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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