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Snowboard Bags Market Study - Emerging Trends may Make Driving Growth Volatile

2019-10-09 16:12:59 | Business
People are showing a lot of interest in snowboarding these days, resulting into the growing demand for snowboard bags in market. According to the Snowsports Industries America (SIA) and the Physical Activity Council, last season the number of youth snowboarders surged by 6 percent in comparison to the year prior. The growing inclination of the people, especially youngsters towards snowboarding has led to the wide usage of snowboard bags in the market, which is further likely to proliferate the snowboard bags market. As per the association, the sport is most popular amongst youngsters, due to increasing number of programs centric to them, beginner-friendly developments in equipment, and resort features, etc.

Manufactures of Snowboard Bags Investing in Technology to Ensure Product Safety

The safety of the equipment is utmost to any player, and with the increasing consumer awareness about snowboard games, growing number of vendors are investing in technology to make their products theft-proof. To avoid any kind of losses, they are integrating snowboard bags with technologies like RFID tags to track the location of the product. The snowboarding activity has gained a lot of momentum over the years, becoming a significant part of snow sports activity.

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Growing Winter Sports Industry

The snowboard bags market is also likely to expand, owing to the growing winter sports industry and rising standard of living. According to SIA, 100 million Americans were active outdoors during winters (2016-2017), participating in hiking running, walking, skating, snowboarding, etc. Recognizing the growing trend of snowboarding, vendors in snowboard bags market are playing smart by creating innovative bags for different kinds of snowboards.

Main Drivers of Snowboard Bags Market

Rising Number of Snow Sports at Events :The growing number of snow sports at events and contests like winter game Olympics has resulted into high adoption of accessories, including snowboard bags to ensure safety of athletes’ equipment, snowboard. Snowboarding become a part of the Winter Olympic Games in 1998, when the game held in Nagano, Japan.

Regional Segments Analyzed Include

Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.

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