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The new report on the Ice Axe Market provides estimations of the size of the global market and share and size of key regional markets during the historical period of 2014 – 2018. The study provides projections of the opportunities and shares, both vis-à-vis value (US$Mn/Bn) and volume volume (n units), of various segments in the Ice Axe Market during the forecast period of 2018 – 2028. The business intelligence study offers readers a granular assessment of key growth dynamics, promising avenues, and the competitive landscape of the Ice Axe Market.
To offer a comprehensive assessment of opportunities, the study makes a scrutiny of growth prospects in various regions. The key regions comprise the following geographical segments:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC, S. Africa, N. Africa)
The detailed assessments focus on, inter alia, on the regulatory and macroeconomic frameworks, prevailing pricing structure, imminent investment pockets, and emerging application areas. Taking the analysis further, the study helps readers get a better understanding of the trends characteristics of the emerging markets, including government regulations crucial to growth of such markets. Shares of major regional markets are also presented in the analysis.
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Demand for Ice Axe Driven by Increasing Participation in Ice Climbing and Trends of Alpine Tourism
In 2016, more than 144 million Americans participated in outdoor activities. The participation in outdoor activities grew significantly, up to 48.8% of the American population in 2016. In the U.S., ice climbing and mountaineering were noted among the favorite outdoor activities, which may reflect in the rising demand for ice axes in the U.S. market. Furthermore, the American Mountain Guides Association (AMGA) stated that with the increasing popularity of ice climbing and skiing, mountaineering guides generated roughly US$ 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.
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The global Ice Axe Market report answers numerous pertinent questions, some of which are:
- What are some of the latent areas of investments in the Ice Axe Market?
- Which region is expected to emerge as showing the most attractive growth rate during the forecast period and which factors will be crucial to its growth?
- What trends are likely to change the status quo of the positions held by leading players of the Ice Axe Market in the not-so-distant future?
- Which product/service/technology segments holds game-changing potential to dramatically shape the competitive dynamic in the Ice Axe Market?
- What are the strategies adopted by top players to retain their stronghold in the Ice Axe Market?
- Which strategic moves will new entrants adopt to gain a strong foothold in the Ice Axe Market?
How can Fact.MR Make Difference?
- In-depth understanding of key industry trends shaping the present growth dynamics
- Offers value chain analysis and price trend analysis of various offering of competitors
- Offers data-drive decision to help companies decide strategies that need recalibration
- Offers insights into areas in research and development that should attract
- Identifies data outliers before your competitors
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