Global Avalanche Backpack Market- Description
Avalanche airbags mainly act as a safety gear during skiing and mountaineering. It comprises of backpack and airbags system that inflates when the user runs into a snow storm.
These are specifically designed to enrich the functionality of uplifting the user. Also, the Avalanche airbags work on the physical principle of inverse segregation, which ensures that in an unvaryingly moving mass of snow during an avalanche, smaller particles fall and larger ones are carried to the top.
Also, the inflated airbag increases the volume of the trekker that helps in ensuring that he floats on surface of the snow rather than being buried under it.
Global Avalanche Backpack Market- Overview
The Global Avalanche Backpack Market is valued at USD 84.1 billion in 2022 and is projected to reach a value of USD 141.7 billion in 2030 expanding at a considerable CAGR of 5.3% over the forecast period of 2022-2030.
The increasing popularity of adventure sports that includes, skiing and hiking along with a preference for safety gears to avoid snow burial and probable injuries during a snow slide is projected to propel the demand for avalanche airbags over the forecast period.
Additionally, the rising fatalities because of the snow slips and companies investing in new product development to offer safety to consumers relishing hiking and climbing are projected to boost the sale of avalanche airbags in the market over the forecast period.
Global Avalanche Backpack Market-Key Market Trends
• Increasing Trend of Adventure Sports has boosted the market growth
Every market has its growth determinant and challenges. One of the major factor that has fuelled the market growth over the forecast period is the rising trend of adventure sports such as hiking, skiing, and snowboarding. The rising popularity of snow-related sports, hiking, skiing, and snow-related activities, along with the awareness of using avalanche airbags for safety purpose has driven the avalanche airbags market over the forecast period.
As safety is the most important factor for the market players in the avalanche airbags market, the manufacturers are increasing the production of strong and resilient airbags. global level.
• Rising Adoption of Avalanche Airbags for Safety Purposes
Another major factor that has fuelled the market growth over the forecast period is the rising adoption of avalanche airbags for the safety purpose. This is because there is always a huge demand of necessary safety gears from mountaineers, trekkers, and adventure enthusiasts. This factor has increased the demand for avalanche airbags and has been also increasing growth opportunities for manufacturers. The rising trend of skiing and snowboarding is also contributing to the avalanche airbags market growth over the forecast period.
Global Avalanche Backpack Market- Segmental analysis of the Market
Based on Type
• Canister-based Airbag
• Fan-based Airbag
The fan-based airbag segment has dominated the market growth over the forecast period. this is because of their ease of use. They can be used multiple times, charged easily using a lithium ion battery. They are easy to pack and carry during an expedition.
Based on Size
• Below 25 Liters
• Between 25 – 35 Liters
• Above 35 Liters
The between 25-35 litres segment has dominated the market growth over the forecast period.
Based on Application
• Skiing
• Climbing
• Hiking
• Snowboarding
• Split Boarding
• Snowmobile
• Others
The skiing segment has dominated the market growth over the forecast period. This is because of rising popularity of snow-related sports.
Based on Price
• Low (Below US$ 500)
• Medium (US$ 500- US$ 800)
• High (Above US$ 800)
The medium segment has dominated the market growth over the forecast period.
Global Avalanche Backpack Market- Geographical analysis of the Market
The Global Avalanche Backpack Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the market growth over the forecast period. This is because of the consumer willingness to spend on recreational sports, rising population, increase in per capita income. India and China are expected to be the prominent countries driving the market, due to large scale production facilities which reduce per cost unit of production which can be passed down to consumers in the market.
Global Avalanche Backpack Market- Competitive Landscape
Some of the prominent companies operating in the market are Arc’tyerx, Backcountry Access, Black Diamond Equipment, Ltd, Mammut Sports Group AG Products.
Report Scope
Global Avalanche Backpack Market: Historical Period- 2018-2021
Global Avalanche Backpack Market: Industry and Forecast Period- 2022-2030
Global Avalanche Backpack Market 2022- USD 84.1 billion
Global Avalanche Backpack Market 2030- USD 141.7 billion
Global Avalanche Backpack Market CAGR- 5.3%
Major Segments Covered
• Type (Canister-based Airbag and Fan-based Airbag)
• Size (Below 25 Liters, between 25 – 35 Liters, above 35 Litres)
• Application (Skiing, Climbing, Hiking, Snowboarding, Split Boarding, Snowmobile, Others)
• Price (low, medium, high)
Key Countries and Regions Covered
• North America (United States, Canada)
• Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa
Top companies profiled- Arc’tyerx, Backcountry Access, Black Diamond Equipment, Ltd, Mammut Sports Group AG Products.
Analysis of the impact of COVID-19 and the Russia-Ukraine War:
The readers of this section will be better informed on the effects of the pandemic, the post-pandemic, and the Russia-Ukraine War on the global market for refrigerated freight services. The factors that have changed since the poll was done include demand, consumption, transportation, consumer behavior, and supply chain management. Industry experts have also emphasized the crucial factors that will help players identify opportunities and maintain the sector as a whole in the approaching years.
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The analysis covers global market and its advancements across different industry verticals as well as regions. It targets estimating the current market size and growth potential of the global market across sections such as also application and representatives.
In an insight outlook, this research report has dedicated to several quantities of analysis – industry research (global industry trends) and global market share analysis of high players, along with company profiles, and which collectively include about the fundamental opinions regarding the market landscape; emerging and high-growth sections of global market; high-growth regions; and market drivers, restraints, and also market chances.
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