Snowboard Equipment Market Size, Share, Growth, and Industry Analysis by Type (Split Board, Snowboard Binding, Snowboard Boots and Others) By Application (Children, Men and Women), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

Snowboard Equipment Market Report Overview

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The global snowboard equipment market size is expected to be USD 285.7 million in 2021 and is projected to touch USD 416.71 million by 2031, at a CAGR of 3.8% during the forecast period.

The snowy season has a big impact on snowboard gear. Due to growing snowboard infrastructure, increased boot usage, and growing number of programs to increase snowboarding participation, it is projected that demand for snowboards will increase. There are more individuals who snowboard for fun than there are snowboarders who compete professionally. One of the main drivers driving the sales of snowboard equipment globally is the rising rate of involvement in outdoor activities like snowboarding and other snow sports, rising government measures to encourage participation, and rise in the number of snowboard resorts.

People's awareness of the usage of helmets and other equipment is predicted to continue growing as a result of growing worries about the injuries brought on by the activity, which is anticipated to fuel market growth during the forecast period. In the near future, it is projected that these infrastructural trends for snow sports will expand the range of equipment & gear offerings. Due to the increase in female participation in snow sports and other activities in recent years, suppliers are increasingly offering clothing and equipment designed exclusively for women.

COVID-19 Impact:  Decline in Travel and Tourism Affected Market Dynamics

The global COVID-19 pandemic has been unprecedented and staggering, with snowboard equipment experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The spike in CAGR is attributable to the snowboard equipment market growth and demand returning to pre-pandemic levels once the pandemic is over.

Due to a lack of site access, a disrupted supply chain, and a labor scarcity brought on by COVID-19, makers of snowboard equipment have been forced to stop manufacturing, order delivery, and operations. Following COVID-19, there is a greater awareness of consumption and expenditure worldwide as individuals aim to save more money and refrain from spending money on leisure activities. Travel restrictions put in place by governments throughout the world to combat COVID-19 have also put an end to all winter adventure and leisure activities, which has had a big impact on the market for snowboard equipment.

LATEST TRENDS

"Introduction of New Gears to Boost Snowboard Equipment Demand"

Sports equipment makers are incorporating cutting-edge technology into products like heated boot liners, tracker watches, and other devices that provide sportsmen with comfort and safety. The number of sports and adventure enthusiasts is rising across the world, especially following months of COVID-19 pandemic-related restrictions. Due to the rising participation in snowboarding, the consumption of snowboard equipment is rising, both across specialty stores and online channels. The largest revenue share would be held by specialty stores. Meanwhile, online sales would also make a notable chunk of the snowboard equipment market share in the next few years.

Snowboard Equipment Market Segmentation

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• By Type Analysis

By type, market is segmented into split board, snowboard binding, snowboard boots and others. The split board will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is children, men and women. The children segment will lead the global share through 2028.

DRIVING FACTORS

"Numerous Health Benefits to Increase the Market Growth"

Snowboarding is a sport that has assisted individuals in overcoming their winter blues since the freezing temperatures cause a variety of idleness and boredom. Snowboarding has been compared to aerobic exercise because of its numerous health advantages. This well-liked winter activity provides a challenging aerobic workout that aids in calorie burning. Snowboarding continues to have significant effects on people's cognitive and mental health in addition to its many established health advantages. These factors may influence snowboard equipment market growth during the forecast duration.

"Expanding Snowboarding Infrastructure to Push the Market"

Global demand for snowboard equipment is anticipated to increase as a result of expanding snowboarding infrastructure and manufacturer promotions of snowboarding gear through various channels. The development of snowboard equipment enables manufacturers to introduce freshly created, reasonably priced snowboard equipment, which is projected to continue expanding rapidly across the world. Additionally, it is anticipated that the market for snowboard equipment would increase due to growing safety awareness brought on by an increase in serious accidents sustained while snowboarding.

RESTRAINING FACTORS

"High Injury Rates to Hamper the Market"

Less consumers will embrace snowboard equipment due to the high injury rate and rental equipment availability, which is anticipated to restrain market growth from 2022 to 2028. Various severe and life-threatening injuries due to snowboarding accidents have occurred over the years. As a result, snowboarding participants, especially newer ones, are skeptic regarding the activity. High risk of injuries or accidents involved could thus lead to a lower demand in the snowboard equipment market.  

"Short Lifespan of the Equipment Leads to Market Decline"

The high price of snowboard equipment on the international market and the equipment's short lifespan, which necessitates frequent replacement, would be a big burden on consumers and are likely to reduce demand for snowboard equipment. Over the projection period, it is anticipated that inconsistent weather patterns caused by global warming and rising pollution would impede the expansion of the snowboard equipment market worldwide. The lack of infrastructure and medical care for snowboarders presented a significant obstacle to the global market for snowboard gear.

Snowboard Equipment Market Regional Insights

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"North America Will Witness The Highest Growth in the Market"

The region dominating snowboard equipment market share is anticipated to be North America. In this region, the demand for men's snowboard boots is predicted to witness substantial demand, followed by split board and kid's snowboard boots. In North America, sales of snowboarding gear are anticipated to stay robust. Direct sales are anticipated to expand at a substantial rate, following  specialty retailers. The region is witnessing growing number of adventure sports activities and events, including snowboarding and skiing, among others. Increasing number of enthusiasts increasingly participating in such events, especially following months of lockdown restrictions, will positively influence the market growth in the North American region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• Emsco (U.S.)
• Amer Sports (Finland)
• Gison Boards (U.S.)
• Skis Rossignal (France)
• Zion Snow Boards (Canada)
• Newell Brands (U.S.)
• Academy (U.S.)
• Head (Austria)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.