New Delhi, Oct. 25, 2022 (GLOBE NEWSWIRE) — Global winter sports equipment market is flourishing, as people become more aware of the advantages of a healthy lifestyle and increasing popularity and participation in a variety of winter sports, outdoor activities (snow sports), off-piste skiing, and snowboarding.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects global winter sports equipment market size to grow at a CAGR of 7.4% during the forecast period between 2022 and 2028, reaching a value of USD 21.28 billion by 2028. The rise in winter tourism in various countries around the world and increasing popularity and interest in nature-based sports that provide leisure and competitiveness are expected to drive global winter sports equipment market during the period in analysis. The growing popularity of several winter sports in the Winter Olympic Games, such as figure skating, bobsled, luge, and Alpine snowboarding, is boosting the growth of market for winter sporting goods. An increasing demand for high-quality waterproof boots is expected to propel the winter sports equipment market forward. Many innovations in ski equipment are expected to cushion the growth of the winter sports equipment market. On the other hand, growing popularity of rental winter sports equipment may pose a challenge to the growth of global winter sports equipment market.
Growing popularity of winter sports
Rise in popularity of outdoor activities including snow sports among people fuels the growth of global winter sports equipment market. Demand for winter sports equipment, such as sleds and tubes, is thriving owing to increasing interest in leisurely and competitive nature-based sports. Moreover, demand for various winter sports activities, such as skiing, snowboarding, cross-country skiing, sledding, and ice skating, especially in countries with wintry weather, particularly the United States, Canada, Germany, Sweden, France, and Austria, has increased,