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Avalanche Backpack Market Size, Industry Analysis ReportBy Type (Canister-based Airbag, Fan-based Airbag), By Application (Skiing, Climbing, Hiking, Snowboarding, Split Boarding, Snowmobile) & Region – Forecasts By 2030

  • PUBLISHED ON
  • 1970-01-01
  • NO OF PAGES
  • 266
  • CATEGORY
  • Retails & Consumer
 Market - Overview

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.

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.

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.

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.

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.

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.

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


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Market Research Process




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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


Frequently Asked Questions

What is the market size and growth projections?

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.

What are the drivers shaping various markets?

Rising Adoption of Avalanche Airbags for Safety Purposes: - 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.

Who are the key competitors of market Players?

Some of the major players operating within the market are Arc’tyerx, Backcountry Access, Black Diamond Equipment, Ltd, Mammut Sports Group AG Products.

What are the top performing segments, and countries / regions of each of the markets?

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.

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