Global Avalanche Safety Gear Market 2016-2020

Avalanche safety gear market outlook

The global market for avalanche safety gear will grow steadily over the forecast period and is anticipated to post an impressive CAGR of almost 12% during the estimated period. Recent studies have shown that the statistics of deaths due to avalanches are high. In the US alone, more than 14 people died during 2015 due to avalanches. Despite the danger involved, the adventure tourism market has not shown any sign of a slowdown. More consumers are participating inside country and backcountry travel, which in turn has increased the demand for safety equipment during the predicted period.

Avalanche safety gear market driver

The increasing participation in outdoor recreational activities is a significant factor that will drive the prospects for growth in this market. Recently, it has been observed that the populace’s participation in outdoor recreational activities is rapidly increasing, especially in regions like Europe and North America. Factors such as changes in lifestyle and attitudes, demographics, increasing recreational expenditure, and the physical and mental benefits of outdoor recreational activities will inspire consumers to engage in outdoor recreational activities. Outdoor recreational activities are also important to maintain a proper work-life balance. Benefits such as its ability to improve the physical and mental health of individuals will lead to an increase in its participation during the forecast period.

Avalanche safety gear market demand based on products

• Airbags
• Probes
• Shovels
• Transceivers