Ski Equipment & Gear Market To Witness Rapid Development
Ski Equipment & Gear Industry The global ski equipment and gear market size is expected to reach USD 22.9 billion in 2030 and is expected to grow at a CAGR of 5.4% from 2024 to 2030. Increasing participation in the outdoor recreational sports including skiing at a global level is expected to remain a favorable factor. Furthermore, rising importance of rental skiing as a key service offering that provides convenience, professional expert advice, and product availability at affordable prices is expected to open new avenues for the market in the near future. Growth of the tourism industry is one of the key factors increasing the spending on skiing, which, in turn, is expected to promote the scope of various sports equipment. The World Bank Group revealed that the international tourist arrivals have increased from 1.24 billion in 2016 to 1.33 billion in 2017. Furthermore, emergence of the Indian Himalayas as a snow sports hub as a result of supportive government polic...