The Ice Climbing Equipment Market is segmented by Product Type (Harness, Wearable Gear [Shoes, Helmet, Crampons], Carabiner, Belay, Passive Protection, and Ice Axe), Channel Type (Online and Offline), and Region (North America, Europe, Asia-Pacific, and the Rest of the World).
The growing popularity of tourism is undoubtedly a big driver in the market's expansion. The market's demand is being accelerated by rising disposable income in metropolitan regions. The rise in people's interest in adventurous activities is also attributed to the market's increased demand.
The ice climbing market has evolved remarkably over the eons, largely due to a surge in interest in ice climbing as a recreational activity, as well as because of several initiatives on organizing ice climbing events. Since 1932, the International Climbing and Mountaineering Federation (UIAA) has hosted ice climbing tournaments and championships all around the world.
The ice climbing equipment market is classified as harness, wearable gear, carabiner, belay, passive protection, and ice axe. Despite taking a nosedive in 2020, the wearable gear segment is expected to maintain its dominance in the market during the predicted timeframe, as shoes, helmets, and crampons are very essential equipment in ice climbing. Shoes and helmets are the most saleable ice climbing equipment in particular, in the forthcoming time, as the utility of these equipment provides access or protection to the ice climbers.
Europe is expected to remain the largest market for ice climbing equipment, followed by North America and Asia-Pacific during the forecast period. Switzerland, Russia, Austria, and France are the major markets for ice climbing equipment in Europe. Asia-Pacific, a relatively small market in front of Europe and North America, is anticipated to grow at the healthiest pace in the coming five years, driven by China and Japan.
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