Avalanche Airbags Market: Current Analysis and Forecast (2024-2032)

Report Description

Avalanche Airbags Market Size & Forecast

The Avalanche Airbags Market was valued at approximately ~USD 80 Million in 2023 and is expected to grow at a strong CAGR of around 5.2% during the forecast period (2024-2032) owing to the rising demand for avalanche safety products.

Avalanche Airbags Market Analysis

The Avalanche Airbags Market has grown significantly recently, driven by increasing urbanization; increased consumer focus on avalanche safety has boosted demand for avalanche airbags. Also, the growing cases of avalanche accidents have influenced the Avalanche Airbags Market. Company collaborations, acquisitions, and innovative product launches drive the industry’s growth.

For instance, in February 2022, Ortovox and Canada-based Arc’teryx, two global leaders in mountain safety equipment and apparel, teamed up to develop a boundary-pushing new avalanche airbag technology that is lightweight, intuitive, and reliable.

Avalanche Airbags Market Trends

This section discusses the key market trends that are influencing the various segments of the Avalanche Airbags Market, as identified by our team of research experts.

Electric-Fan Avalanche Airbags Segment Transforming Industry

The new model of avalanche airbags – the electric fan avalanche airbags – is very advanced in the technology of avalanche safety equipment. These systems utilize a battery-operated blower or air pump in place of the compressed gas cylinder to inflate the airbag. The actual principle and mechanism of an electric airbag with a fan can be summarized as a motor in the back that is lantern and battery-powered. When the inflator fires, it simultaneously inflates the airbag, and the surrounding air is compressed into the bag, thus expanding the bag and enhancing the buoyancy of the user in the avalanche debris. The ventilator is adapted to use a lithium-ion rechargeable battery that is recharged by the filling process. They are used in such a way that they can provide power for several operations unlike the cases which are for single operations. These avalanche airbags are regularly improved in correlation with the development of batteries, electric fans, and materials used in the construction of these devices. Subsequent advancements may allow for weighting loss, enhanced battery performance, better compatibility of companionship with other safety devices, like avalanche beacons, and enhance capabilities with the intention of providing for the user’s convenience and safety. These systems offer great potential in enhancing avalanche security for winter sports and individuals involved in sporting activities as they continue to gain acceptance across the globe.

North America held a significant share of the market in the year 2023

Within North America, the U.S. holds a major share of the market. The region’s rapid urbanization, rising investments in the consumer goods industry, the growing demand for avalanche safety products owing to the rising demand for these products, innovative marketing strategies, company acquisitions, and the presence of several market players are the major factors boosting the market’s growth in the country.

• In April 2022, U.S.-based Backcountry Access (BCA) launched its new Float E2 avalanche airbag, the first in BCA’s airbag lineup equipped with the Alpride E2 supercapacitor inflation system.

Avalanche Airbags Industry Overview

The Avalanche Airbags Market is competitive, with several global and international market players. The key players are adopting different growth strategies to enhance their market presence, such as partnerships, agreements, collaborations, new product launches, geographical expansions, and mergers and acquisitions. Some of the major players operating in the market are Mammut Sports Group AG; Backcountry Access EU; ABS; Black Diamond Equipment, Ltd; SCOTT Sports SA; The North Face; Dakine IP Holdings LP; PIEPS GmbH; NIC-IMPEX; ORTOVOX.

In February 2024, the German pack manufacturer Deuter struck again with a versatile bag, Alproof Tour 38+5. It is a new touring version of its avalanche backpacks with the new Alpride E2 technology, a roll-top extension for multi-day tours, and other practical features for ski touring.

In January 2024, ORTOVOX launched its new LiTRIC airbag system, which is an electronic avalanche airbag that uses a lithium-ion battery to charge supercapacitors, which drive a blower fan that inflates the airbag.

Avalanche Airbags Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolios, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The Global Avalanche Airbags Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the Avalanche Airbags Market Analysis (2024-2032)

Analyzing the historical market, estimating the current market, and forecasting the future market of the Avalanche Airbags Market were the three major steps undertaken to create and analyze the adoption of avalanche airbags in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Global Avalanche Airbags Market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the Avalanche Airbags Market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the Avalanche Airbags Market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report, such as product type, capacity, and regions. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Avalanche Airbags Market. Further, we conducted factor analysis using dependent and independent variables such as product type, capacity, and regions of the avalanche airbags market. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the avalanche airbags market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Global Avalanche Airbags Market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2032 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the Avalanche Airbags Market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the Global Avalanche Airbags Market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the Global Avalanche Airbags Market. Data was split into several segments and sub-segments after studying various parameters and trends in the areas of the product type, capacity, and regions in the Global Avalanche Airbags Market.

The main objective of the Global Avalanche Airbags Market Study

The current & future market trends of the Global Avalanche Airbags Market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the Avalanche Airbags Market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments.
• Segments in the study include areas of the product type, capacity, and regions.
• Define and analysis of the regulatory framework for the avalanche airbags
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the Avalanche Airbags Market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the Avalanche Airbags Market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry.

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