Avalanche Safety Gear Market to Grow at 11.73% CAGR to 2020 Driven by increased Disposable Income
Avalanche Safety Gear Market to Grow at 11.73% CAGR to 2020 Driven by increased Disposable Income
Avalanche safety gear market in the past years manufacturers have improved the distribution channels to ensure the quality of sales, market presence, and effective after-purchase service and support to enhance customer satisfaction. Vendors in the market employ different types of distribution channels for different end-customers. Avalanche safety gear manufacturers sell their products through chains, retail e-commerce, specialty stores, and other stores.
Complete report on avalanche safety gear market spread across 66 pages, analyzing 5 major companies and providing 44 data exhibits is now available at http://www.reportsnreports.com/reports/496143-global-avalanche-safety-gear-2016-2020-.html .
The analysts forecast global avalanche safety gear market to grow at a CAGR of 11.73% during the period 2016-2020. According to the avalanche safety gear market report, the increase in disposable income has created notable business opportunities for avalanche safety gear manufacturers. On average, travelers engaging in hard adventure spend more on the safety equipment than the travelers engaging in soft adventure activities.
The market research analyst has estimated the avalanche airbags segment to account for almost 60% of the total market share by 2020. In 2015, this market segment dominated over all the other segments and is anticipated to continue its market dominance until the end of 2020 owing to their ability to reduce deaths by suffocation. Since these products help to minimize the depth of burial in avalanche debris by keeping the avalanche victim on the surface, their demand during the forecast period will witness a substantial increase until the end of the forecast period.
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Avalanche safety gear market analyst studies the Americas to be the largest market for avalanche safety gears during the forecast period. Factors such as the populace’s increasing interest in adventure activities coupled with their rising disposable income will result in the steady growth of this market in the Americas. This detailed market analysis carried out by the in-house analysts at has shown that the market for avalanche gear in the Americas will grow at a CAGR of nearly 13% by 2020.
The global avalanche safety gear market is moderately fragmented due to the significant consolidation of players. Though the large vendors dominate this market, there are several smaller players with a minor presence in the market. The competition in the market is expected to intensify further with an increase in product and service extensions, innovations in technology, and M&A activities.
Key players in the Global Avalanche Safety Gear: Black Diamond, K2 Sports, Mammut, ORTOVOX, ABS. Other Prominent Vendors in the market are: Arva, Brooks Range Mountaineering equipment, G3, HMK and Stubai.
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