Ice Axe Market Revenue and Value Chain 2018-2028

Posted by ankush Nikam on December 4th, 2019

Global Ice Axe market - A report by Fact.MR

Fact.MR, in its latest business intelligence study, depicts the nuts and bolts of the global Ice Axe market. The Ice Axe report presents detailed information regarding the drivers, restraints, opportunities and trends affecting market growth. Each segment along with its sub-segment is analyzed in terms of value and volume. Further, the Ice Axe report elaborates the market behavior of each vendor operating in the Ice Axe market.

The Ice Axe report considers the following years to present the overall market growth:

• Forecast Year: 2018 – 2028

Key findings of the Ice Axe market study:

• Regional breakdown of the Ice Axe market based on predefined taxonomy.
• Innovative manufacturing processes implemented by Ice Axe vendors in detail.
• Region-wise and country-wise fragmentation of the Ice Axe market to grasp the revenue, and growth outlook in these areas.
• Changing preferences among consumers across various regions and countries.
• Factors (Positive and Negative) impacting the growth of the global Ice Axe market.

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Demand for Ice Axe Driven by Increasing Participation in Ice Climbing and Trends of Alpine Tourism

In 2016, more than 144 million Americans participated in outdoor activities. The participation in outdoor activities grew significantly, up to 48.8% of the American population in 2016. In the U.S., ice climbing and mountaineering were noted among the favorite outdoor activities, which may reflect in the rising demand for ice axes in the U.S. market. Furthermore, the American Mountain Guides Association (AMGA) stated that with the increasing popularity of ice climbing and skiing, mountaineering guides generated roughly US$ 3.2 billion in the recent years. Attributing to the increasing participation in ice climbing and mountaineering, many ice skiing enthusiasts are taking up ice ski guiding as a career. It is expected to act as a primary driving force for the ice axe market in the near future.

Apart from ice climbing and mountaineering, adventure tourism and alpine tourism sectors are gaining traction all around the world. As stated by the World Tourism Organization (UNWTO), the adventure tourism industry reached over US$ 89 billion in 2013. It witnessed unprecedented growth in the next two years to reach up to US$ 263 billion. The World Wide Fund For Nature (WWF) states that over 120 million tourists indulge in alpine tourism by visiting the Alps each year. Increasing popularity of ice climbing and skiing has led to the development of around 300 ski facilities of over 3,400 km² of ski areas in the Alps. The remarkable growth of the adventure tourism industry and the alpine tourism industry is mainly attributed to the rising popularity of ice climbing and skiing, which is boosting the growth of the ice axe market.

On the basis of region, the Ice Axe market study contains:

• North America (U.S., Canada)
• Latin America (Mexico. Brazil)
• Western Europe (Germany, Italy, France, U.K, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, N. Africa)

Queries addressed in the Ice Axe market report:

• Why are the Ice Axe market players targeting region for increased product sales?
• What patented technologies are the players utilizing in the global Ice Axe market?
• Which regions are displaying the fastest growth in the Ice Axe market?
• What are the underlying micro- macroeconomic factors affecting the global Ice Axe market?

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