Wilmington, Delaware, United States, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global avalanche airbags market is likely to develop at a 4.9% CAGR from 2023 to 2031, reaching US$ 134.4 million by 2031. Significant growth in outdoor activities such as skiing, snowboarding, and snowmobiling globally is propelling market statistics. Outdoor activities like these are increasing the demand for avalanche airbags and consequently fueling the market growth. Avalanche airbags are designed to reduce the risk of burial in an avalanche and increase the chances of survival.
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Customers prefer safety airbags and products including avalanche beacons, avalanche probes, and avalanche shovels to enhance their outdoor experience. Hence, the increasing number of ski resorts as well as growing recreational activities in snow-covered areas are likely to drive market expansion.
Avalanche airbags are also becoming increasingly popular among professionals in the field such as avalanche rescuers and ski patrollers. These airbags are designed to provide a greater degree of protection than traditional avalanche safety equipment and can be used to help avoid or mitigate the effects of an avalanche.
Key Takeaways from the Market Study
- The avalanche airbags market reached US$ 87.8 million in 2022.
- North America is the leading avalanche airbags market.
- Europe followed by North America holds a notable share in the avalanche airbags market due to the popularity of skiing activities in the region.
- Based on product type, Canister-based airbags are performing well in the market.
Global Avalanche Airbags Market- Key Trends
- Manufacturers are focused on introducing low-profile and lightweight designs. The purpose behind it is to make such safety devices practical and improve user comfort.
- Trigger mechanisms to deploy avalanche airbags are refined for easy use as well as reliability. This includes various options to pull force to ensure that users can activate the system efficiently and quickly.
- Winter sports are becoming increasingly popular among the leisurely and adventurous alike. Demand for snow-based activities has been rising steadily across the globe. This surge in popularity is positively impacting the global avalanche airbags market growth.
Regional Landscape of the Avalanche Airbags Market
- North America is expected to account for the leading share in the forthcoming years as per the avalanche airbags market forecast. The regional growth is due to a combination of factors such as an increase in awareness about the importance of avalanche airbags for preventing burial in snow slides, growth in participation in snow sports, and a rise in the availability of avalanche airbags in the region.
- The development of lightweight and user-friendly avalanche airbags and the increase in the number of safety courses offered by ski resorts are also creating lucrative opportunities for the players in the avalanche airbag market in North America.
- Avalanche airbags market share in Europe is likely to increase notably during the projection period. Growing awareness about the safety benefits of avalanche airbags among sportspersons is fueling the market dynamics of the region.
- The rise in popularity of skiing and snowboarding activities and the increase in the trend of using avalanche airbags to ensure safety in extreme winter sports are also projected to augment avalanche airbag market growth in Europe in the near future.
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Competitive Landscape
The global market is highly competitive comprising several international and regional players. Key manufacturers of avalanche bags are investing in research and development and merger and acquisition activities to expand their customer base.
Industry players emphasize implementing effective strategies, and novel product launches to strengthen their position in the global market. They also aim to follow A few leading companies operating in the avalanche airbags market are
- ABS
- Arc'tyerx
- Backcountry Access
- Black Diamond Equipment, Ltd
- Mammut Sports Group AG
- NIC IMPEX
- ORTOVOX
- Osprey Packs, Inc.
- SCOTT Sports SA
- The North Face
Key Developments
- ABS introduced a new EasyTech avalanche airbag on September 21, 2022. A key benefit of the new mechanical system is the problem-free and uncomplicated test initiation. Customers can use the new EasyTech airbag to get a safe feeling in the event of an emergency.
- Arc’teryx Equipment partnered with ORTOVOX on February 09, 2022, to develop avalanche airbag technology. The resulting LiTRIC technology is lightweight, intuitive, and reliable. It enables both companies to produce airbag systems that weigh just 2.4 pounds (pack weight not included) with an electronic system run by supercapacitors and a long-lasting lithium-ion battery. It allows at least 60 hours of continuous operation and a minimum of two inflations.
Avalanche Airbags Market Segmentation
By Product Type
- Beacons
- Airbags
- Canister-based Airbags
- Fan-based Airbags
By Size
- Below 25 liters
- Between 25 Liters and 35 liters
- Above 35 Liters
By Application
- Skiing
- Climbing
- Hiking
- Snowboarding
- Split Boarding
- Snowmobiling
- Others (Ski Touring, etc.)
By Price
- Below US$ 500
- US$ 500 - US$ 800
- Above US$ 800
By Distribution Channel
- Online
- E-Commerce Websites
- Company-owned Websites
- Offline
- Supermarkets / Hypermarkets
- Specialty Stores
- Others (Retail Stores, etc.)
By Region
- North America
- Europe
- Asia Pacific
- The Middle East & Africa
- South America
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