The global avalanche airbags market is anticipated to grow at a considerable CAGR during the forecast period (2022-2028). Avalanche airbags are the safety equipment or systems that keep the user on the surface during an avalanche. The major factor attributing to the growth of the global avalanche airbags market includes the increasing application of avalanche airbags due to the growing adventure tourism industry across the globe. According to an article published by the World Travel Trade Association (ATTA) in August 2021, the global adventure tourism industry generated around $112 billion in 2020. It is estimated that the global adventure tourism industry will generate $1,169.09 billion by 2028. Thus, increasing the demand for avalanche airbags by the people interested in snow adventure sports.
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The application of avalanche airbags is also increasing by sportspersons due to the advantages provided by avalanche airbags. These advantages include bringing the person on top of the surface in case of an avalanche, creating an air pocket for respiration if a person gets buried under the snow, and many others. Thus propelling the growth of the global avalanche airbags market.
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The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instances-
- In July 2021, Arcteryx, a provider of high-performance outdoor equipment expanded its service of climbing, skiing, and alpine technologies by opening a new retail store in New York City.
- In July 2021, Mammut, a Swiss-based premium outdoor equipment manufacturer has been awarded the “German Prize for Sustainability Projects 2021”. Mammut secured the place and became the winner in the “Recycling Process” category due to its circular economy project called “Close the Loop”.
- In December 2020, ABS Peter Aschauer GmbH, a German-based safety equipment manufacturer of adventure sports partnered with Hotel Adula located in the freeride destination of LAAX, Switzerland. With this partnership, ABS Peter Aschauer will provide its safety equipment including avalanche airbags for the tourist & visitors of LAAX, Switzerland.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Black Diamond Equipment Ltd., ABS Peter Aschauer GmbH, Mammut Sports Group AG, Backcountry.com LLC, and Ortovox Sportartikel GmbH, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Avalanche Airbags Market Report by Segment
By Type
- Canister-Based Airbags
- Fan-Based Airbags
By Application
- Skiing
- Mountaineering
- Hiking
- Other Snow Activities
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