Report ID: UCMIG25J2035
Report ID:
UCMIG25J2035 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the global winter sporting goods market reached a valuation of USD 369.9 million, signifying its significant presence in the industry. Looking ahead, the market is projected to experience steady growth, with a compound annual growth rate (CAGR) of 5.7% expected between 2021 and 2028. This anticipated expansion can be attributed to several factors, including the rising popularity of winter sports and activities worldwide, increased consumer spending on recreational pursuits, and advancements in product innovation and technology. As more individuals engage in winter sports, the demand for high-quality and durable sporting goods is expected to drive market growth, offering ample opportunities for businesses operating in this sector to capitalize on this upward trend.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Leisure Products by segment aggregation, the contribution of the Leisure Products in Consumer Durables & Apparel and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25J2035