The
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.
Browse
Details of Report @
https://www.grandviewresearch.com/industry-analysis/snow-sports-apparel-market
https://www.grandviewresearch.com/industry-analysis/snow-sports-apparel-market
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.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
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