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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)
- Middle East and Africa (GCC, S. Africa, N. Africa)
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Manufacturers Produce Various Types of Ice Axes to Meet the Exact Consumer Needs
Ice climbing and skiing are becoming highly popular outdoor activities among consumers, which is why the demand for high-quality ice climbing equipment such as ice axes is increasing rapidly. As mountaineering is a recreational activity, not all consumers need highly technical and advanced ice axes. Considering the dynamic needs of consumers, leading manufacturers in the ice axe market are producing various types of ice axes to address exact requirements of consumers.
Grivel and Blue Diamond Equipment are the leading manufacturers in the ice axe market that produce excellent walking ice axes that prove to a perfect option for recreational mountaineering in winters. Designs of alpine ice axes and technical ice axes differ from normal walking axes, as alpine and technical ice axes are specially designed for technical ice climbing. Ice Rock – a leading manufacturer in the ice axe market – has introduced a lightweight technical ice axe, which offers both functionality and durability. The company substitutes aluminum shafts of ice axes for carbon fiber, which reduces its weight to a greater extent while maintaining the quality and performance of the axe.
Apart from manufacturing various types of ice axes, market players in the ice axe market are manufacturing ice axe accessories, such as ice axe leashes and picks. In this way, market players are making efforts to improve their product portfolio and gain a competitive edge in the ice axe market.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
- Market Dynamics
- Market Size
- Market Segments
- Demand & Supply Trends
- Current Issues and Challenges
- Companies and Competitor Landscape
- Value Chain
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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Reports published by Fact.MR are a result of the combination of our experts and digital technologies. We thrive to provide innovative business solutions to the clients as well as tailor the reports aligning with the clients’ requisites. Our analysts perform comprehensive research to offer ins and outs of the current market situation. Clients across various time zones tend to utilize our 24/7 service availability.
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