Ice climbing is an activity that involves climbing huge ice formations on rocks, icefalls, frozen waterfalls, and is similar to rock climbing. Ice climbing is broadly classified into three grades—Alpine ice climbing, Water Ice climbing, and Mixed climbing. For ice climbing, different types of gears are used, according to the type of ice, which help the climbers to maintain their balance and climb. Ice axes, pick, ice climbing shoes, climbing harness, climbing helmet, belay devices, carabiners, ice screws, rope, quickdraws, boots, crampons, gloves, eye protection equipment, and others are used for this event. The increase in inclination toward ice climbing as a recreational activity as well as government initiatives to organize ice climbing events are the factors leading to the exponential growth of the ice climbing gear market. The International Climbing and Mountaineering Federation (UIAA), established in 1932 conducts ice climbing world cups and several championships around the globe. It has a global presence on six continents, 89 member associations, and federations in 66 countries.
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COVID-19 Scenario Analysis:
Lockdown Scenario
COVID-19 outbreak has caused lockdown in several countries. The industries and businesses dealing with ice climbing gear are highly affected. The championship and events being organized at various locations have to be postponed or canceled which has led to a decline in sales and revenue of the market.
Production Hampered
Several production units have been shut down around the globe leading to a decline in the end product.
Supply Chain
The distribution channels like the brand stores and other offline stores have been dysfunctional due to the pandemic. The sales and revenue have decreased due to the decline in disposable income. The post COVID-19 scenario will also affect the market as major events and championships will be avoided to keep away mass gathering.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Ice climbing has been one of the recreational activities from an era but now it has been recognized as a competitive sport and most likely it will be a part of Olympic winter games as per the government initiatives. The global ice climbing gear market is growing exponentially due to the demand for the ice climbing equipment and the innovation done in this market for ensuring the safety of the climbers. The acquisition of new technology, escalating awareness, disposable income, need for recreational activities, participation and competitiveness in sports, government initiatives, and safety and comfort to end-user are the growing key drivers for the global ice climbing gear market. However, the increase in competition in the industry, high priced equipment, risk factors, guidelines, and approval by the government for the brands hinder the market growth. Contrarily, investments in better technology, customization in weight and size of the gears, eradicating the risk factor involved in the equipment, and providing more safety with the gears present
new pathways in the industry.
The global ice climbing gear market trends are as follows:
Launch of Innovative Gears
In recent times, innovation has led to an increase in the safety and comfort of the climbers and mountaineers. Many companies have been manufacturing gears required for outdoor adventures both for the professional and amateur climbers. The key players have been investing in the technology for proving the advanced products to the customers. Quality and safety are the key factors in this market as the brands and gears used mainly for the championship and world cup are to be approved by UIAA. The key players like Arc’teryx, Mammut, Black Diamond, and others have introduced the category of technical ice tools, replacement picks, leashes, ice protection accessories, spare parts, and others in various variants. The main focus is drawn upon increasing the grip of the tools while climbing to enhance the experience of ice climbing. Also, the companies are launching various apparel, backpacks, footwear with modern features used while climbing.
Growth in Number of Ice Climbers
Ice climbing has become a trend in countries like the U.S., South Korea, Switzerland, Italy, France, and Russia. Numerous climbers are indulging in ice climbing as a recreational activity or participating in several events being organized every year, serving the growth of the market. Sustainability is also a major factor for the ice climbing community; the key players are inclined toward contributing toward the protection of nature and mountains. The main aim of the leading brands is to build the customer's trust on their innovation and technology, which is done by the use of creating awareness and providing technique tips to the customer. The strategies used by the companies are expected to support the increase in market share.
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Key Benefits of the Report:
- This study presents the analytical depiction of the global ice climbing gear industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global ice climbing gear market share.
- The current market is quantitatively analyzed to highlight the global ice climbing gear market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global ice climbing gear market analysis based on competitive intensity and how the competition will take shape in the coming years.
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