PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534951
PUBLISHER: UnivDatos Market Insights Pvt Ltd | PRODUCT CODE: 1534951
The avalanche airbag is a safety gear that is used while undertaking outdoor and winter activities. These are actually small backpacks that, when triggered, cause an airbag to blow, preventing the user from being buried in case of an avalanche. The market worldwide for avalanche airbags is on an upward trend due to various reasons. The avalanche airbags market will maintain its growth trend, which is promoted by government standards and protection, innovations, and consumer sensitization across the world. Several other factors, such as a surge in company collaborations & partnerships, are driving the global avalanche airbags market.
The Avalanche Airbags Market is expected to grow at a steady rate of around 5.2% owing to the rising company mergers and acquisitions. For instance, in September 2022, the EDELRID Group expanded its range of personal protective equipment (PPE) for winter sports by acquiring the Munich company ABS. Several other factors, including the expanding distribution channels and strategic partnerships between companies, drive the market's growth during the forecast period. Apart from this, improving the affordability and accessibility of avalanche airbags are also driving this market steadily.
Based on the product type, the market is bifurcated into electric fan-powered and canister/cartridge-powered. The electric fan-powered segment dominated the market in the year 2023. The electric fan-powered segment in the avalanche airbags market is flourishing, driven by its properties, such as inflation by a high-speed fan that can be deployed multiple times on a single charge. Thus, the electric fan-powered segment held a significant market share in 2023 among the product types.
Based on the capacity, the market is segmented into below 25 liters, between 25 - 35 liters, and above 35 liters. The between 25 - 35 liters segment dominated the market in the year 2023. This category of airbag size- between 25 - 35 liters segment in the avalanche airbags market is flourishing, driven by its enormous size to accommodate safety equipment, extra clothing layers, and some additional supplies, thus enhancing product versatility. The segment is also driven by rising innovative product launches and company expansions. Thus, the between 25 - 35 liters segment held a significant market share in 2023 among the capacity.
For a better understanding of the market adoption of avalanche airbags, the market is analyzed based on its worldwide presence in countries such as North America (U.S., Canada, and the Rest of North America), Europe (Germany, U.K., France, Spain, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Rest of Asia-Pacific), Rest of World. North America dominated the market in the current scenario of 2023 due to the new product launches, rising company expansions with mergers & acquisitions and changes in consumer preferences for avalanche safety. For instance, in April 2022, U.S.-based Backcountry Access (BCA) launched its new Float E2 avalanche airbag, the first in BCA's airbag lineup equipped with the Alpride E2 supercapacitor inflation system. Other factors, such as the improvement of affordability and accessibility of these products, have pushed the region's market growth. Thus, amongst areas, North America held a significant share of the market in 2023.
Some of the major players operating in the market include Mammut Sports Group AG; Backcountry Access EU; ABS; Black Diamond Equipment, Ltd; SCOTT Sports SA; The North Face; Dakine IP Holdings LP; PIEPS GmbH; NIC-IMPEX; ORTOVOX.