Sport
Avalanche Airbags Market to Expand at CAGR of 5.3%, finds TMR Study
ALBANY, N.Y. , Dec. 21, 2021 /PRNewswire/ --
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.
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Some of the key players operating in the avalanche airbags market are;
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The avalanche airbags market is segmented as follows;
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