Avalanche Airbags Market Outlook 2019 report shares growth by regions and top players analysis
The avalanche airbags market report includes various insights on avalanche airbags sales and demand forecasts across key regions in the globe. The 150+ page report on avalanche airbags includes detailed analysis on various dynamics influencing growth in sales of avalanche airbags along with past avalanche airbags sales data, current avalanche airbags scenario and future demand for avalanche airbags for a 10 year timeline (2018-2028).
[UKPRwire, Tue Aug 13 2019] The report on “Avalanche Airbags Market forecast, trend analysis and competition tracking – global market insights 2018-2028” is an analytical compilation of various aspects influencing sales of avalanche airbags. The avalanche airbags market report includes various insights on avalanche airbags sales and demand forecasts across key regions in the globe. The 150+ page report on avalanche airbags includes detailed analysis on various dynamics influencing growth in sales of avalanche airbags along with past avalanche airbags sales data, current avalanche airbags scenario and future demand for avalanche airbags for a 10 year timeline (2018-2028).
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.
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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.
From a manufacturing perspective, the avalanche airbags market remains a consolidated landscape. The tier I manufacturers hold nearly half of the market share currently. “Avalanche airbags are safety equipment products, and considering the nature of the product, it has yet to witness the degree of fragmentation as other sports or recreational sports equipment markets. Although sports equipment manufacturers are likely to enter this market in the coming years, it is highly likely that a high level of fragmentation will not be witnessed in this market,” opine the authors of the study.
US, Canada, and Europe are among the most lucrative markets for avalanche airbags. Sales in North America (US & Canada) and Europe collectively surpassed 107,000 in 2017, and this is likely to increase to nearly 110,000 units in 2018. Opportunities are also emerging in Asia Pacific, however, from the majority of sales will remain concentrated in North America and Europe.
The research study profiles avalanche airbag manufacturers, supply-chain players, and other stakeholders in this market. The product strategies, historical sales, and future projections are included in the study. Innovation and extension of safety features is a prime focus area for manufacturers. Inclusion of removable airbag system and protection airbags system, combined with addressing current limitation of avalanche airbags is a key focus area for manufacturers.
Increasing the number of deployments per battery charge is another focus area for manufacturers. Lightweighting and improved protection against trauma are among other key innovations in avalanche airbags that are likely to gain traction in the near future.
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