Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 77.46 Million | USD 119.86 Million | 5.64% | 2022 |
The global avalanche airbags market size was worth around USD 77.46 million in 2022 and is predicted to grow to around USD 119.86 million by 2030 with a compound annual growth rate (CAGR) of roughly 5.64% between 2023 and 2030.
The report delves deeper into several crucial aspects of the global avalanche airbags market. It includes a detailed discussion of existing growth factors and restraints. Future growth opportunities and challenges that impact the avalanche airbags industry are comprehensively addressed in the report.
Avalanche airbags are also known as avalanche backpacks. They are a set of specialized backpacks that are used to help the carriers improve their chances of survival during an avalanche. They are considered important safety equipment for people who participate in outdoor activities such as skiing, snowboarding, or mountaineering in avalanche-prone areas. One of the main purposes of avalanche airbags is to prevent burial under the snow by keeping the user closer to the surface in the event of an avalanche. When an avalanche is triggered, the wearer has to deploy the bag by either pulling a handle or activating a gas canister. This causes the airbag contained in the backpack to instantly inflate which helps in creating a large volume around the wearer. This increases the overall buoyancy and keeps the person closer to the snow surface and reduces the risk of burial.
Increasing undertakings of adventure sports to drive market growth
The global avalanche airbags market is projected to grow owing to the increasing number of people participating in adventure sports. In the last decade, several forms of adventure sports have witnessed a surging number of casual and professional participants. This trend is also observed in snow-related activities such as skiing and mountain climbing. A recent report by Climbing showcases that nearly 690 individuals were successful in reaching Mount Everest Summit in 2022. Similarly, another research claimed that nearly 410 million people visit ski resorts every year. Such adventure sports require the participants to invest in superior-grade protection gear and avalanche airbags are a crucial part of protection gears that are supposed to be used in snow-related activities. Social media has played a crucial role in promoting such sporting events as it has assisted in generating better awareness rates in terms of option availability and planning itineraries.
High cost of avalanche airbags to restrict market expansion
When compared to other safety and prevention equipment used in adventure sports, avalanche airbags can be considered relatively more expensive. Additionally, the cost of high-grade bags is even higher. For instance, the Block Diamond JetForce Pro 25L costs around USD 1500. It weighs around 6 lbs and has a lightweight battery-powered fan along with a modular design. Such high costs can lead up to limited revenue as not many sports enthusiasts can afford such investments.
Increasing application in other outdoor activities to provide growth opportunities
Avalanche airbags are primarily used in sports that are associated with snow. However, there is a growing market for using these bags in other related sporting events that have a similar level of risk involved. Some examples of these activities include snowmobiling, ice climbing, and backcountry hiking. The avalanche airbag industry players can target the rising group of consumers belonging to this segment to garner higher revenue. Additionally, the increased access to sports equipment through online portals and e-commerce websites adds to a better growth trajectory.
Increasing incidents of product failure to challenge the market expansion
Like other pieces of equipment, avalanche airbags are prone to failure. Manufacturers are constantly working toward providing customers with the most advanced versions of the product; however, the avalanche event is extremely unpredictable and is quick to take a brutal form. In such cases, the bags along with other equipment may not perform as per expectations. Estimates show that nearly 152 people die every year due to avalanches and around 89.9% of the time, an avalanche is caused by a victim or someone associated.
The global avalanche airbags market is segmented based on activation, capacity, sales channel, system, and others.
Based on activation, the global market segments are electric fan-powered and canister/cartridge-powered. In 2022, the canister/cartridge-powered segment generated the highest revenue due to higher demand and consumption. These bags typically use a gas canister or cartridge that contains compressed gas such as argon or nitrogen. Once the handle is pulled during an avalanche, the gas released in the bag causes it to inflate. The gas is not dependent on external factors and stored under pressure in the bag. Once deployed, these bags continue to remain inflated for some time keeping the wearer closer to the surface. Electric fan-powered work with the help of a rechargeable battery-powered fan to inflate the airbag. Upon activation, the fan fills the bag with ambient air and hence such bags can be deployed multiple times. In 2022, more than 15 people died in the US due to an avalanche.
Based on capacity, the avalanche airbag industry is divided into small, medium, and large.
Based on sales channel, the global market is divided into modern trade channels, specialty stores, sports variety stores, and direct-to-customer. Specialty stores were the leading revenue generator in the avalanche airbags industry since these units provide some of the best deals in terms of product options and prices. Moreover, the owners of specialty stores tend to have higher awareness and knowledge about which equipment is best suited depending on customer needs. This is why most sports enthusiasts prefer buying from specialty stores as they also offer customization options in certain cases. Sports variety stores may also generate high revenue during the forecast period as the number of such stores is growing globally. An inflated avalanche bag can reduce the mortality rate by up to 50%.
Based on system, the avalanche airbags industry is segmented into removable systems, base units, and integrated.
Report Attributes | Report Details |
---|---|
Report Name | Avalanche Airbags Market Research Report |
Market Size in 2022 | USD 77.46 Million |
Market Forecast in 2030 | USD 119.86 Million |
Growth Rate | CAGR of 5.64% |
Number of Pages | 221 |
Key Companies Covered | Mammut, ABS Avalanche Airbag, BCA (Backcountry Access), Arc'teryx, Black Diamond Equipment, Ortovox, Scott Sports, The North Face, Dakine, Pieps, Arva, Snowpulse, POC, Deuter, Vaude, Grivel, Salewa, Millet, EVOC, Jones Snowboards, Burton Snowboards, WildSnow, Oakley, Sweet Protection, and Mountain Hardwear. |
Segments Covered | By Activation, By Capacity, By Sales Channel, By System, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America to register the highest growth
The global avalanche airbags market is expected to witness the highest growth in North America during the forecast period. The US and Canada may act as the most dominant countries in this region owing to the high number of adventure sports enthusiasts in these countries. As per recent reports, the US has around 14.9 million skiers and 7.6 million snowboarders who regularly participate in domestic or global sports events. Additionally, consumers in North America have a better product awareness rate due to access to advanced tools and new launches. The presence of extensive mountain ranges, backcountry skiing, and snowboarding has allowed the regional population better access and opportunities to explore snow-associated games thus driving the consumption and demand for avalanche airbags. Canada has more than 290 ski resorts spread across the country. Moreover, increasing sports tourism in the US and Canada further drives revenue in the regional avalanche airbags industry.
The global avalanche airbags market is led by players like:
Sweet Protection
Mountain Hardwear..
By Activation
By Capacity
By Sales Channel
By System
FrequentlyAsked Questions
Avalanche airbags are also known as avalanche backpacks. They are a set of specialized backpacks that are used to help the carriers improve their chances of survival during an avalanche.
The global avalanche airbags market is projected to grow owing to the increasing number of people participating in adventure sports
According to study, the global avalanche airbags market size was worth around USD 77.46 million in 2022 and is predicted to grow to around USD 119.86 million by 2030.
The CAGR value of the avalanche airbags market is expected to be around 5.64% during 2023-2030.
The global avalanche airbags market is expected to witness the highest growth in North America during the forecast period.
The global avalanche airbags market is led by players like Mammut, ABS Avalanche Airbag, BCA (Backcountry Access), Arc'teryx, Black Diamond Equipment, Ortovox, Scott Sports, The North Face, Dakine, Pieps, Arva, Snowpulse, POC, Deuter, Vaude, Grivel, Salewa, Millet, EVOC, Jones Snowboards, Burton Snowboards, WildSnow, Oakley, Sweet Protection, and Mountain Hardwear.
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