Avalanche Airbags Market: Growing Demand to Impact Revenue Share by 2028
Posted by Arslan on February 14th, 2019
Top Five Companies Account for Over 40% Share of the Overall Avalanche Air Bags Market: Top five companies involved in the manufacturing and distribution of avalanche airbags account for a significant revenue share of the overall avalanche airbags market. ABS Protection GmbH (now a SPIN Capital company), K-2 Sports (Backcountry Access), Mammut Sports Group AG, Arc’teryx and Black Diamond Equipment Ltd. – tier one manufacturers of avalanche airbags – collectively account for more than 40 percent share in the avalanche airbags market. Of these, ABS Protection GmbH and Mammut Sports Group AG are the top two players accounting for 13.2 percent and 10.2 percent share in the market.
Government regulations on testing of avalanche airbags have become more stringent in a bid to reduce operational failures of avalanche airbags and reduce fatalities. Field testing of avalanche airbags has become mandatory in some countries, apart from regular lab testing during manufacturing. For instance, European Union has initiated a mandate of testing of avalanche airbags under natural environmental conditions under its DIN EN 16716 regulation. Manufacturers of avalanche airbags are required to follow this regulation and avalanche airbags need to be certified with DIN EN 16716 standards.
This aspect is complemented by mandates regarding use of mountaineering equipment such as avalanche airbags while skiing and hiking. Regulatory authorities such as the International Skiing Federation has made it compulsory for skiing participants to wear avalanche airbags, particularly during national winter sports. This factor is expected to influence the demand for avalanche airbags in the forthcoming years.
Increasing Avalanche Fatalities to Trigger Adoption of Avalanche Airbags
Rising fatalities associated with avalanche mishaps have caused major concerns among mountaineers and enthusiasts. This factor has pushed the use of various safety gears such as avalanche airbags. In United States, more than 925 fatalities due to avalanche mishaps were recorded during the 1951-2013 timeline, according to Colorado Avalanche Information Center. This count is likely to increase in the coming years on account of increasing utilization of backcountry, says Colorado Avalanche Information Center. Likewise, avalanche fatalities in Europe, in particular the Alps, have risen steadily. On an average, more than 26 individual fatalities occur every year in Austria alone, which has increased to 37 deaths.
Increasing Skiing and Snowboarding Participation Influencing Sales of Avalanche Airbags
There has been a steady increase in skiing and snowboarding activities across the globe, which is expected to translate into an increase in demand for avalanche airbags. According to NSAA (National Ski Areas Association), 2017-2018 (Q3) timeline reflected participation of about 9.2 million people in skiing and snowboarding million, which is likely to increase in the coming years. Likewise, in EU, participation in skiing is likely to cross 6 million by 2018 end owing to skiing championships held in the region. For instance, the upcoming 2018/2019 Audi FIS Ski World Cup in Austria has attracted more than 200 participants, which is expected to augur well for the growth of the avalanche airbags market.
Uncertainties associated with avalanche airbags with respect to survival percentages continue to challenge avalanche airbags sales. During avalanche situations, there are certain situations where avalanche airbags operations fail, resulting in a higher possibility of avalanche fatalities. For example, if the user is at the bottom of a steep sided valley, an avalanche safety gear such as avalanche airbags would not be effective owing. Although avalanche airbags enable the user to stay on top of snow slab, there is a higher possibility of injuries occurring due to rocks and trees present on the slope. Against this backdrop, relative uncertainty lies with use of avalanche airbags that cannot be considered as a complete replacement for standard safety gear such as shovel, probes and transceivers. This factor is expected to challenge the growth of the avalanche airbags market.
The report on avalanche airbags market covers detailed portfolio of key participants involved in the manufacturing of avalanche airbags. The competitive landscape section of the avalanche airbags market report covers key aspects such as SWOT analysis, avalanche airbags product portfolio assessment, developments and key strategies. Companies such as ABS Protection GmbH, Black Diamond Equipment Ltd., and Arc’tyrex have been profiled in the report.
Companies in the avalanche airbags market are largely focusing on new product developments in a bid to enhance user convenience, experience and safety. For instance, Snowpulse has introduced new Highmark avalanche airbags that are incorporated with Snowpulse 3.0 deployment system. These avalanche airbags use both RAS (Removable Airbag System) and PAS (Protection Airbags System).
About the AuthorArslan
Joined: December 18th, 2017
Articles Posted: 13,297
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