Used for hiking or climbing mountains, ice axe are a useful tool for adventure seekers. Currently, the global ice axe market is flooded with products. Those can be broadly classified into basic and technical. The basic tools mainly find usage in general mountaineering and winter hiking.
The global ice axe market Demand is teeming with manufacturers, suppliers, and distributors. This is owing to the low entry barriers resulting from the lesser upfront capital required. Hence, the market is flooded with products to suit different budgets and requirements. In this cutthroat environment, manufacturers are also seen focusing on innovations to churn out better products.
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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.
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Important doubts related to the Ice Axe Market clarified in the report:
- Which regional market is expected to witness the highest growth during the forecast period?
- How has the surging prices of raw materials during the COVID-19 pandemic impacted the growth of the Ice Axe market?
- Why are market players focusing on R&D and innovations?
- Are market players expanding their global presence? If yes, how?
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.
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Regional Segments Analyzed Include
- 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)
The Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Technology
- Value Chain
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Highlights from the Report
- Elaborated scenario of the parent market
- Transformations in the market dynamics
- Detailed segmentation of the target market
- Historical, current and forecast market size based on value and volume
- Latest industry developments and trends
- Competition landscape
- Strategies adopted by the market players and product developments made
- Potential and niche segments, along with their regional analysis
- Unbiased analysis on performance of the market
- Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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