SNOW HELMET MARKET REPORT OVERVIEW
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The global snow helmet market size is estimated to be worth US$ 327.2 million in 2021 and is forecast to a readjusted size of USD 442.86 million by 2031 with a CAGR of 3.1% during the forecast period.
Snow helmet is also called safety equipment used to guard the head while executing snow activities. The features consist of moisture-wicking liners, temperature-sensitive materials, and ear coverage. It is more common among racers, and skiers. Moreover, various benefits like comfort, lightweight, strength, and others. A rising accessibility of various styles, sizes and colors of snow helmets through several distribution channels such as specialty stores, e-commerce, and hypermarkets are another factor to propel growth of the global market.
An increasing number of snow sports such as ice hockey, trekking, ice climbing, ice skating, and snowboarding is expected to drive the global snow helmet market over the forecast period. Furthermore, due to increased demand, there is an increase in the number of snow and ice adventure activities in emerging countries. Another factor expected to support the target market's growth in the future years is the increasing utilization of various types of sophisticated protective materials in manufacturing. These are some of the other factors expected to support growth of the target market during the forecast period.
COVID-19 Impact: Supply Chain Disruption to Slower Market Growth
Due to enforced lockdowns and imposed limits by separate regulatory bodies in the wake of the recent COVID-19 outbreak, numerous industries' operations have either been temporarily halted or are operating with reduced personnel. This is no different in the global snow helmet market, and this aspect is expected to have a substantial negative impact on the industry's revenue growth. Additionally, the high costs associated with the installation and maintenance of these devices is a factor that could limit the global snow helmet market growth throughout the forecast period.
LATEST TRENDS
"Increasing Infrastructural Development to Foster Progress of the Market"
Increasing government measures to encourage participation in outdoor activities such as snow sports, skiing, and other, expansion in the number of ski resorts, are some of the key factors contributing to increased sales of snow helmet across the region. Manufacturers are introducing lightweight and innovative helmets to obtain a competitive advantage and improve convenience of use. Helmets with the most up-to-date AR technology. Furthermore, there are various countries dedicated to the development of snow sports infrastructure around the world. Therefore, people are becoming more interested in snow activities and are participating in them more frequently.
SNOW HELMET MARKET SEGMENTATION
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- By Type Analysis
By type, the market is segmented into ABS Material and PC Material.
- By Application Analysis
Based on applications, the market is classified into Public Rental and Personal user.
DRIVING FACTORS
"Increasing Desire for Snow Sports to Boost Market Growth"
The market for snow helmets is fueled by reasons such as an increase in population desire for snow sports or activities, as well as the various health benefits that snow games provide. Snow helmet demand is expected to rise in the near future due to a variety of additional causes, including a growing interest in snow games in emerging nations and an increase in the number of adventurous snow activities. Snow helmets are required because there is a risk of accidents and falls while playing snow games. During the projected period, the aforementioned factors are expected to contribute to the snow helmets market.
"Technological Advancement to Boost Industry Progress"
Riders used to wear large black helmets, which are now considered archaic. Currently, new fashionable helmets are being used, which can match the rider's own taste while also providing adequate safety. Snow helmets must be warm and comfortable, not bulky or heavy, because they are worn when enjoying snow games. MIPS (Multi-directional Impact Protection System) helmets are made using a variety of manufacturing techniques that add to the product's safety. Snow helmets are now lighter, tougher, and more comfortable to wear than ever before. In addition, new materials like aramid and carbon fiber make helmets stronger without sacrificing weight. These helmets provide excellent protection against a variety of impacts. Construction, fit, and other factors are all taken into account when making a snow helmet.
RESTRAINING FACTORS
"Weather Conditions to Impede Market Progress"
Disparities in end-user attitude and behavior toward snow games across various regions such as North America, Asia Pacific, and the Middle East and Africa are anticipated to stymie the snow helmets market in the coming years. Furthermore, the snow helmets market is expected to be hampered by factors such as severe weather and the danger of injury connected with snow sports during the forecast period. Factors such as fluctuating weather conditions and the cheap availability of rental and counterfeit products, on the other hand, are limiting the market's growth.
SNOW HELMET MARKET REGIONAL INSIGHTS
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"Presence of Prominent Players to Propel Market Progress in North America"
North America is projected to dominate the snow helmet market share because of the growing number of snow sports participants in countries like Canada and the U.S., the North American snow helmet market dominates the global market in terms of revenue. Furthermore, the rising popularity of various winter activities such as ski jumping, alpine skiing, cross-country skiing, ski orienteering, and others is expected to propel the snow helmet market forward.
Furthermore, due to increased government attempts to encourage snow sports players in growing economies such as China and India in this area, the Asia Pacific market is predicted to grow significantly in the worldwide market. In addition, the market in Latin America, Europe, and the Middle East and Africa is expected to grow steadily, owing to the rising popularity of various winter sports games, particularly among snow sports players in countries such as Germany, France, the United Kingdom, Italy, Brazil, Mexico, and South Africa.
KEY INDUSTRY PLAYERS
"Incorporation of Research and Development Strategies to Improve their Brand Image"
The snow helmet industry is highly competitive, and key competitors are working on distinguishing their products through product releases, mergers and acquisitions, and expanding their brand portfolio to cater to a variety of consumer preferences. Furthermore, prominent market players adopted expansion as one of their primary tactics for tapping newer markets and expanding their manufacturing facilities. Because the market has greater potential than any other area in the globe, prominent market participants are concentrating on geographical expansions to increase their market position.
INDUSTRY DEVELOPMENT
Alpina launched a new line of innovative boots in March 2018 that have the patented InTemp control system, a fully integrated heating system designed to keep skiers' feet warm and comfortable, with battery-powered warmth at the press of a button.
List of Market Players Profiled
- Atomic (Austria)
- Smith Optics (U.S.)
- Rossignol (France)
- Uvex (U.K.)
- Giro (BRG Sports) (U.S.)
- Head (Austria)
- K2 Sports (U.S.)
- Scott (Switzerland)
- Swans (Australia)
- Burton (U.S.)
- Salomon
- Bern
- POC Sports
- Sweet Protection
- Briko
- Sandbox
- Bolle
- Pret
REPORT COVERAGE
The research contains information, including market dynamics and opportunities for the forecast period. Data on demand and supply forces, their impact on the market may be found at the regional, sub-regional, and country levels. The next section of the research focuses on macroeconomic, demand, supply drivers, restrictions, and major trends. The study includes an impact analysis of weighted average model-based growth drivers to provide clients with superior decision-making insights.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 327.2 Million in 2021 |
Market Size Value By |
US$ 442.86 Million by 2031 |
Growth Rate |
CAGR of 3.1% from 2021 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type, Application & Region |
Frequently Asked Questions
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What will be the value of the snow helmet market by, 2031?
Based on our research, the global snow helmet market is expected to reach USD 442.86 million by, 2031.
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What CAGR is the snow helmet market expected to exhibit by 2031?
The snow helmet market is expected to exhibit a CAGR of 3.1% by 2031.
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Which are the driving factors of the snow helmet market?
Increasing desire for snow sports and technological advancements to drive the snow helmet market growth.
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Which are the top companies operating in the snow helmet market?
MaAtomic, Smith Optics, Rossignol, Uvex, Giro (BRG Sports), Head, K2 Sports, Scott, Swans, Burton, are the top companies operating in the snow helmet market.