Survival Tools Market Size, Share, Trends, Growth 2030

Survival Tools Industry Perspective:

The global survival tools market size is expected to spur significantly from $1159.5 Million in 2021 to $2460.6 Million in 2030. The market is likely to rise with a CAGR of 7.4% during the forecast period.

The market report is a comprehensive study on different market dynamics, including growth factors, restraints, opportunities, and challenges affecting the marketplace. The competitive and geographical landscape is well elaborated in the report.

Request Free Sample

Survival Tools Market: Overview

Survival tool refers to the combination of basic tools and supplies offered for survival and protection purposes during recreational activities like camping, hiking, and others. These survival tools help avoid injuries while performing adventurous activities like rock climbing. The package contains different tools like compasses, first aid kits, pocket tools, and others. These tools are easily available in the market through different sales channels like online stores, specialty stores, supermarkets, and others. Additionally, as the frequency of natural disasters all across the globe has increased, the requirement for survival tools has become imperative.

According to WHO, falls are the second largest cause of unintentional injury and accidental mortality worldwide. Among all, first aid kits are critical ones, and these are gaining traction among people. The survival kits prepared for natural disasters include sanitary bags, food, and water.

Key Insights

• As per the analysis shared by our research analyst, the global survival tools market is expected to grow annually at a promising CAGR of around 7.4% during the forecast period 2022-2030.
• In terms of revenue, the global survival tools market was worth around $1159.5 million in 2021 to $2460.6 million in 2030.
• There is an exponential spike in the number of people going for adventurous activities like hiking, rock climbing, and others with family every year. The increase in number can also be attributed to technological developments, improved facilities, convenience, and affordability. However, such constantly growing numbers are contributing towards the growth of the global survival tools market significantly.
• Based on product type, the pocket tools segment held the largest market share in 2021 and is further predicted to grow rapidly at a significant CAGR of 6.5% during the forecast period.
• Based on application, the hiking segment held the largest market share in 2021 and is further projected to grow exponentially at a promising CAGR during the forecast period.
• Based on distribution channel, the specialty store segment held the largest market share in 2021.
• Based on region, the North American region held the largest market share in 2021.

To know more about this report, Request a sample copy

COVID-19 Impact:

The outbreak of Covid-19 has significantly impacted the growth of the global survival tools market. The pandemic has affected all the dimensions of human life with economic and financial losses. Due to the growing Covid cases, the government all across the globe imposed several restrictions on transport and announced worldwide lockdowns. It also closed down the manufacturing units.

Therefore, the market was negatively impacted by the outbreak of the coronavirus pandemic. But the growing inclination of people towards adventurous activities as people want proper outings after year-long lockdowns is likely to throw many strong growth prospects in the global market in the forthcoming years.

Survival Tools Market: Growth Drivers

Increasing interest of people towards recreational activities will drive the growth of the global market.

There is an exponential spike in the number of people going for adventurous activities like hiking, rock climbing, and others with family every year. The increase in number can also be attributed to technological developments, improved facilities, convenience, and affordability. However, such constantly growing numbers are contributing to the growth of the global survival tools market significantly. Nowadays, there is a trend of going on vacation every year and staying out of the office to get refreshed and spend quality time with family.

Moreover, many companies are now offering paid vacation holidays to boost employee morale and increase work productivity. Such a landscape will positively shape the trajectory of the global market as people going on vacation and adventurous trips need survival tools as a safety measure. Additionally, in recent years, there has been a massive spike in the percentage of natural calamities all across the globe.

The concerned authorities offer awareness programs to educate people regarding the importance of survival tools and how to use these tools for their safety. However, it has emerged as another key factor propelling the growth of the global market. These tools are also used in defense for different military operations.

Survival Tools Market: Restraints

Constantly increasing prices of specialized tools will restrict the growth of the global market.

In recent years, there has been a significant spike in the prices of rope, paracord, and other specialized tools, which is likely to restrict the growth of the global market. Furthermore, the transportation cost is also high, thereby hampering the global survival tools market growth.

Survival Tools Market: Opportunities

Automatic technology embedded in survival tools is likely to create new growth avenues in the global market.

Manufacturers are increasing their research and development activities in order to come up with advanced and innovative tools to help users in different operations. Modern survival tools are embedded with automatic technology like the internet of things to infuse new and advanced features. Therefore, the advent of such advanced technology is likely to create many growth opportunities in the survival tools industry in the forthcoming years.

Survival Tools Market: Challenges

Growing competition among market players is a challenge in the global market.

Due to the emergence of a number of organizations in the global market, the competition among the market players has intensified, which in turn has negatively impacted the pricing field. Therefore, it has emerged as a major challenge in the survival tools industry market.

Survival Tools Market: Segmentation

The global survival tools market can be segmented into product type, application, distribution channel, and region.

By product type, the market can be segmented into a compass, first aid kit, pocket tools, and others. The pocket tools segment held the largest market share in 2021 and is further predicted to grow rapidly at a significant CAGR of 6.5% during the forecast period. The main reason for the growth of this segment is that they are very handy to use and hence are often considered as life saviors when it comes to outdoor recreational activities.

By application, the survival tools industry can be segmented into camping, hunting & fishing, hiking, and others. The hiking segment held the largest market share in 2021 and is further projected to grow exponentially at a promising CAGR during the forecast period. The growth of this segment is mainly attributed to the increase in popularity and inclination towards recreational and outdoor activities among people across the globe as it massively helps in achieving peace of mind and also provides immense physical fitness perks.

By distribution channel, the market can be segmented into online stores, supermarkets, specialty stores, and others. The specialty store segment accounts for the largest share in the global market as people get to know each product physically, and in addition, they are also offered detailed product specifications with the help of a guide to select the right survival tool for the requirement.

Survival Tools Market Report Scope:

Survival Tools Market: Regional Landscape

North America region held the largest market share in 2021 and is further predicted to continue this trend

North America accounts for the largest share of the global survival tools market due to the presence of a strong customer base in the region. Furthermore, the increasing number of recreational enthusiasts and the presence of prominent companies offering paid vacations to employees are likely to accentuate the growth of the regional market.

Asia Pacific is expected to be the fastest-growing region in the global market due to the surging number of recreational enthusiasts in the region. The rising living standard of people will further contribute towards the growth of the global market.

Survival Tools Market: Competitive Landscape

Some of the significant players in the global survival tools market include:

• UST Brands
• Surefire LLC
• SOG Specialty Knives & Tools
• Leatherman Tool Group
• Wild and Wolf Inc.
• Frasers Group
• Honeywell International Inc.
• Survival Light Products INC
• Uncharted Supply Company
• Sharpal Inc.
• Tender Corporation
• Johnson & Johnson
• Fiskars Group
• Fenix Outdoors International AG
• Exxel Outdoors LLC
• Coleman Company Inc.

Global survival tools market is segmented as follows:

By Product type

• Pocket tools
• First Aid Kit
• Compass
• Others

By Application

• Hiking
• Hunting & Fishing
• Camping
• Others

By Distribution Channel

• Specialty Store
• Supermarket/Hypermarket
• Online store
• Others

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa