Avalanche Airbags Market to Expand at CAGR of 5.3%, finds TMR Study

ALBANY, N.Y., Dec. 21, 2021 /PRNewswire/ -- Transparency Market Research

Analysts at TMR estimate the avalanche airbags market to reach the valuation of US$ 134.4 Mn by 2031. The key aspect of safety for mountaineers, trekkers, and adventure enthusiasts at high altitudes is a major factor fueling the growth of the avalanche airbags market. The rising number of skiing and snowboarding enthusiasts is also contributing to the growth of the avalanche airbags market.

The availability of mountaineering safety gear via a number of sales channels is creating opportunities in the avalanche airbags market. Specialty mountaineering gear retail stores, departmental stores, and online stores are some sales channels for mountaineers and trekkers to purchase safety gear for high altitudes.

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North America and Europe together held more than 75% share of the avalanche airbags market in 2020. Participation in thrilling adventure sports in large numbers and awareness to use of safety gear at high altitudes account for large market share of the two regions. The U.S. witnesses strong demand for avalanche airbags, which is anticipated to expand at a CAGR of 4.2% during the forecast period (2021 – 2031). Market growth projections in Canada, in terms of volume, are anticipated to be 31,345 units by 2031. The Asia Pacific avalanche airbags market is anticipated to register promising growth rate during the forecast period.

Avalanche Airbags Market – Key Findings of Report

• Recovery of the tourism sector and rebound of thrilling adventure sports post the slump from COVID-19 fuel sales of avalanche airbags
• Effectiveness of avalanche airbags to increase the survival of the user in the event of an avalanche stimulates demand
• Design feature of avalanche airbags to allow the wearer to skip across snow and prevent the wearer from being buried in the event of an avalanche cement market growth
• Alarming statistics of fatalities related to avalanche due to climatic fluctuations at high altitudes steer growth of the avalanche airbags market
• Avalanche airbags of the type 25 – 35 liters witness high demand, accounting for a leading share of the avalanche airbags market

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Avalanche Airbags Market – Growth Drivers

• Rise in participation in outdoor sports, increase in disposable income, and emergence of thrill adventure groups that organize mountaineering expeditions fuel growth of the avalanche airbags market
• Availability of a range of products, of which canister-based and fan-based airbags are increasingly gaining popularity, creates opportunities in the avalanche airbags market

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Avalanche Airbags Market – Key Players

Some of the key players operating in the avalanche airbags market are;

• Mammut Sports Group AG
• Arc'tyerx
• Black Diamond Equipment Ltd
• SAS (Arva)
• Osprey packs Inc.
• The North Face
• ABS
• Backcountry Access
• NIC IMPEX
• ORTOVOX
• SCOTTS Sports SA

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The avalanche airbags market is segmented as follows;

Avalanche Airbags Market, by Type

• Canister-based Airbag
• Fan-based Airbag

Avalanche Airbags Market, by Size

• Below 25 Liters
• Between 25 - 35 Liters
• Above 35 Liters

Avalanche Airbags Market, by Price

• Low (Below US$ 500)
• Medium (US$ 500- US$ 800)
• High (Above US$ 800)

Avalanche Airbags Market, by Application

• Skiing
• Climbing
• Hiking
• Snowboarding
• Split Boarding
• Snowmobile
• Others (Ski Touring, etc.)

Avalanche Airbags Market, by Distribution Channel

• Online
• Company Owned Websites
• E-commerce Websites
• Offline
• Departmental Stores
• Specialty Stores
• Other (Retail Formats, etc.)

Avalanche Airbags Market, by Region

• North America
• Europe
• Asia Pacific (APAC)
• Middle East & Africa (MEA)
• South America

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