PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338970
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1338970
The global ski poles market size is expected to reach USD 179.12 million by 2032, according to a new study by Polaris Market Research. The report "Ski Poles Market Share, Size, Trends, Industry Analysis Report, By Product Type (100 cm - 110 cm, 110 cm - 120 cm, 120 cm - 130 cm, and Others); By Application; By Region; Segment Forecast, 2023 -2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The continuous technological advancements such as the fuse of cutting edge highlights empower the end-clients to stay associated and further deal a waterproof brilliant hold, which can be connected through the Bluetooth highlights. Additionally, ergonomic designs of sky poles and the presence of an OLED screen will encourage market expansion.
Market is also defined by a variety of trends, including the use of cutting-edge technology, product differentiation strategies, and an increased focus on mergers and acquisitions. For instance, in January 2022, Austrian sporting goods producer Head and Stuttgart-based sports car manufacturer Porsche present their first collaborative collection of winter sports equipment. The two ski models at the centre of the cooperation both have a distinct design and are modelled after racing skis, providing the wearer with an unmatched sensation on the snow. The two partners are introducing the Porsche 8 Series, a handcrafted, high-performance ski that is perfectly at home on and off-piste.
As this is going on, the majority of the major players, including ski pole manufacturers and distributors, are implementing tactics to diversify their product offerings to draw in more customers in the near future. In October 2020, The newest advancement in Nordic racing poles, the SWIX Triac 4.0 Aero, would be available to athletes starting in the fall of 2020. The pole weighs 56 grammes per metre of the shaft and has a rigidity rating of 21 millimetres. A whole 155-centimetre pole weighs only 136 grammes, grip and basket included. Therefore, the collaborations, as well as products launches among the major players, are the factors boosting the growth of the market over the forecast period.
Additionally, major businesses use Z-pole and smart shaft technology to increase brand awareness and the client base is boosting the market growth. Sports enthusiasts who engage in skiing sports run the risk of unexpected mishaps. Leading manufacturers are concentrating on combining cutting-edge technology in a variety of ski equipment, such as ski poles, to provide sports fans with increased safety gear. For instance, a well-known producer, Black Diamond, has made it a priority to incorporate Z-Pole technology into a variety of ski poles. By using this technology, the pole joints may be made more rigid and straight.
110cm-120cm segment is anticipated to grow rapidly over the forecast period. The ideal height range for this size of ski pole is between 5 ft. 2 in. and 5 ft. 10 in. The average height of the participants also falls within this range, which increases demand for this market.
Alpine Skiing segment accounted for largest revenue share. Alpine skiers use poles to increase momentum and help them control their upper bodies during turn initiation.
Asia-Pacific is expected to grow at fastest CAGR over the projected period on account of the rising skier involvement rates and expanding programmes to promote skiing. Also, rising participation in recreational activities as well as the high temptation in the mountain area is driving regional growth.
The global players include: Amer Sports, Fuko Inc., Fischer Sports, Scott Sports SA, Tecnica Group, Burton Corporation, and the United States Ski Pole Company (USSPC).
Polaris Market Research has segmented the Ski Poles market report based on product type, application, and region:
100 cm - 110 cm
110 cm - 120 cm
120 cm - 130 cm
Other