The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Cross Country Skiing Equipment market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Cross Country Skiing Equipment
The report offers actionable and valuable market insights of Cross Country Skiing Equipment. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Cross Country Skiing Equipment Market across various industries and regions.
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The global cross country skiing equipment market is projected to be valued at over US$ 1 Bn in 2021, expanding at a CAGR of close to 6% over the next ten years. Sales of cross country skiing equipment through specialty stores will be the maximum as compared to other sales channels. Beside regular skiing equipment, demand for race and performance classic skis is also rising, as well as demand for demand of metal-edge touring skis.
Cross country skiing is a style of skiing in which skiers move through snow-covered terrains using their own agility, skills, and maneuverability techniques, rather than ski lifts or other forms of assistance. Governments all over the world are focusing on boosting their travel and tourism industries in order to improve their economies. Over the forecast period, rising infrastructure, innovations in the travel and tourism industry, and high consumer spending are expected to propel demand for cross country skiing equipment.
This newly published and insightful report sheds light on Market Insights of Cross Country Skiing Equipment, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Cross Country Skiing Equipment Market.
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Key Market Segments Covered
- By Product
- Touring Skis
- Race and Performance Classic Skis
- Metal-edge Touring Skis
- Touring Boots
- Race and Performance Classic Boots
- Metal-edge Touring Boots
- New Nordic Norms (NNN) Bindings
- Salomon Nordic system (SNS) Bindings
- Poles
- By Price Range
- Economy Cross Country Skiing Equipment
- Mid-range Cross Country Skiing Equipment
- Premium Cross Country Skiing Equipment
- Super Premium Cross Country Skiing Equipment
- By End-User
- Cross Country Skiing Equipment for Individuals
- Institutional Cross Country Skiing Equipment
- Professional Cross Country Skiing Equipment
- Cross Country Skiing Equipment for Beginners
- Cross Country Skiing Equipment for Intermediates
- Advanced Cross Country Skiing Equipment
- By Sales Channel
- Direct Sales of Cross Country Skiing Equipment
- Cross Country Skiing Equipment Sold at Franchised Stores
- Cross Country Skiing Equipment Sold at Specialty Stores
- Online Sales of Cross Country Skiing Equipment
- By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
Competitive Landscape
To improve penetration across lucrative markets, these aforementioned players use a combination of organic and inorganic strategies. Brand launches, alliances and agreements with prominent cross country skiing equipment suppliers, acquisitions, and expansion of regional and global distribution networks are all part of these strategies.
Similarly, recent developments related to companies manufacturing cross country skiing equipment have been tracked by the team at Fact.MR, which is available in the full report.
5 Key Projections on Future of Global Cross Country Ski Equipment Market
- Based on product type, race & performance classic skis will account for revenues nearly US$ 8 Mn by 2022-end. Race & performance classic skis are estimated to remain the most lucrative product in the market. In addition, sales of the metal edge touring skis are poised to exhibit the highest CAGR through 2022.
- Specialty stores will continue to be the largest distribution channels in the global cross country ski equipment market, and are expected to hold over one third market revenue share over the forecast period. Franchise stores are expected to be the second most lucrative distribution channel for the cross country ski equipment by 2022-end.
- On the basis of price range, although premium cross country ski equipment will continue to be preferred among individuals, mid-range cross country ski equipment sales are projected to register the fastest expansion through 2022. Revenues from premium cross country ski equipment will account for more than 25% market share during 2017 to 2022.
- North America is projected to retain its dominance in the global market for cross country ski equipment, witnessing expansion at a CAGR of 4.6% through 2022. Approximately US$ 16 Mn revenues will be accounted by cross country ski equipment sales in North America by 2022-end.
- Europe will continue to be the second most lucrative market for cross country ski equipment over the forecast period. The market in Middle East and Africa (MEA) is estimated to register a sluggish expansion through 2022.
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More Valuable Insights on Cross Country Skiing Equipment Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Cross Country Skiing Equipment, Sales and Demand of Cross Country Skiing Equipment, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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