The global snow sports apparel market size was evaluated at $10.1 Billion in 2022 and is slated to hit $21.01 Billion by the end of 2030 with a CAGR of nearly 11.1% between 2023 and 2030.
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➤ The global demand for snow sports apparel is expected to increase due to the increasing prominence of winter sports activities.
The global snow sports apparel market will experience a surge in growth as a result of the increasing awareness of physical and mental fitness among the urban population, which is reflected in a growing preference for outdoor events such as snow sports. The demand for snow sports apparel will be stimulated by the increasing number of winter sports events in countries such as Brazil and Australia. The business sector will be driven by the increase in leisure and recreational activities, including mountain climbing, trekking, mountaineering, and snowboarding. In recent years, the global market has been significantly influenced by the growth of e-commerce activities.
➤ The product’s distribution may be impeded by the increasing costs of snow sports apparel.
The global development of the snow sports apparel industry may be disrupted by seasonal fluctuations and increases in apparel costs that are a result of climatic changes. In addition, the industry’s growth path may be obstructed by the unfavorable conditions for snow sports activities that have been observed in countries such as the U.S., the UK, Germany, and Canada in recent years.
➤ Preference for outdoor sports activities to create new growth opportunities for the global market
New growth opportunities for the snow sports apparel market worldwide will be created by the increasing inclination of the millennial population to engage in outdoor sports activities, including snow sports. Additionally, these millennials are significantly influenced by social networking platforms like Pinterest, Instagram, and Facebook.
➤ The most significant obstacle to the industry’s expansion worldwide is the increase in the sale of duplicate products.
Vendors are encountering substantial obstacles in the context of the supply chain management activities of a variety of fabrics that are associated with snow sports. Additionally, the proliferation of counterfeit products can pose a significant obstacle to the expansion of the global snow sports apparel industry.
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The Global Snow Sports Apparel Market is segmented based on product, application and region
Global Snow Sports Apparel Market: Product Segment Analysis
● Top Apparel
● Bottom Apparel
● Accessories
Global Snow Sports Apparel Market: Application Segment Analysis
● Men
● Children
● Women
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The global Snow Sports Apparel market profiles key players such as:
● Decente Ltd
● Decathlon
● Lafuma
● Goldwin Inc.
● Skis Rossignol S.A.
● Adidas Group
● Columbia Sportswear Company
● Schoeffel
● Volcom
● The North Face
● Phenix
● Spyder
● Halti
● Under Armour
● VF Corporation
???? Recent Developments
• Tucker Powersports, a prominent distributor of powersports brands and products, introduced the Tucker snow product portfolio in July 2021. This portfolio comprises apparel, vehicle parts, accessories, tools, and snow sports equipment for Tucker dealers. The firm’s return to the distribution of winter sports apparel, as well as the accessories and components necessary for snowmobile repair, is marked by the introduction of the new product portfolio. The strategic move will broaden the purview of the snow sports apparel business worldwide.
• Giorgio Armani S.p.A., a luxury fashion house headquartered in Italy, announced the introduction of its Armani Neve winter sports product line during an event in Switzerland in the second quarter of 2022. The expansion of the snow sports apparel industry in Europe and worldwide will be facilitated by this development.
➤ By 2030, North America is expected to make substantial contributions to the global snow sports apparel market.
The North American region will continue to dominate the global winter sports apparel market in the years ahead, as it contributed a significant portion of the market in 2022. The anticipated timeline for the expansion of the snow sports apparel market in North America may be attributed to the increasing prominence of winter sports, including cross-country skiing, snowshoeing, and snowmobiling. In countries such as the United States and Canada, ice skating is a popular activity among sports enthusiasts and athletes due to the icy lakes and rivers.
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