Ski Clothing Market | Market Size, Share & Forecast Analysis

29 Apr.,2024

 

Ski Clothing Market | Market Size, Share & Forecast Analysis

Ski clothing is designed for people to wear when going out skiing or snowboarding. Ski clothing can be either worn as one-piece or two-piece which includes a jacket and trousers/pants. Ski jackets are worn to keep the person warm when participating in winter sports. Ski clothes are made using waterproof fabric and non-removable lines that are made of silk, cotton, or nylon.

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The Global Ski Clothing Market is expected to grow from USD 1.2 billion in 2020 to USD 1.4 billion by 2026 at a CAGR of over 3.1% during the forecast period.

The growth of the global ski clothing market is primarily driven by increased consumer interest in outdoor sports coupled with rising per capita disposable income.

Segment Analysis

Application Trends

Based on application, the market has been segmented into amateurs, professional athletes, and others.

  • The professional athletes segment accounted for the largest market share in 2020.
  • The amateurs’ segment is expected to register highest CAGR during the review period on account of increasing number of people opting for ski sports as a recreation coupled with increasing purchasing power.

Regional Trends

Geographically, the market in Europe accounted for the largest market share of around 29% in 2020 due to the presence of key market players such as Lafuma (France) and Decathlon S.A. (France). The market in the Asia-Pacific region is expected to increase at a significant rate on account of increased spending on recreational sports activities, particularly by the young generation. Additionally, increased spending on the development of infrastructure for ski sports by the governments in developing countries particularly India and China are likely to propel the market growth significantly.

COVID-19 Impact on Global Ski Clothing Market

The outbreak of covid-19 across regions has resulted in the lockdown of cities, border restrictions, and the breakdown of the transportation network. This resulted in the closure of amusement and recreational parks which affected the product demand. Increasing social distancing norms due to fear of the spread of the virus also affected the growth of the ski clothing market. However, with the lift of lockdown, the market growth gained momentum and is expected to grow at a healthy rate during the review period.

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Critical Questions Answered in the Report

  • What are the key trends in the global ski clothing market?
  • How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
  • What is the impact of COVID-19 on the global ski clothing market?
  • What are the key strategies adopted by the major vendors to lead in the global ski clothing market?
  • What is the market share of the top vendors?

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