Market Size in 2021 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1159.5 Million | USD 2460.6 Million | 7.4% | 2021 |
FrequentlyAsked Questions
The global survival tools market 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 healthy annual compound rate of 7.4% during the forecast period.
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.
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, and Coleman Company, Inc.
North America accounts for the largest share in 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.
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