New York, NY -- (SBWIRE) -- 10/24/2018 -- The increasing interest of people for snowboarding has led to the wide usage of snowboard bags in the market. Snowboarding has been gaining a lot of traction during winters and an increase in consumer spending on recreational activities is driving the usage of snowboard bags. As the standard of living of people is increasing day-by-day, their interest in leisure activities such as snowboarding and skiing is also rising. This is growing the demand for accessories for keeping the equipment safely, which, in turn, is driving the growth of the market.
The rise in the number of snow sports at events and contests such as winter game Olympics has led to the high adoption of accessories such as snowboard bags to keep their snowboards safely. The increasing consumer awareness about snowboard games is driving the vendors to integrate technologies such as RFID tags to track the location of snowboard bags in order to avoid losses. Today, the snowboarding activity has become a large part of the snow sports activity. Countries, such as China, are signing business partnership deals with multiple winter sports organizations to launch a series of customized entertainment programs. This is further driving the growth of market in the country.
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The snowboard bags market is proliferating due to growing winter sports industry and a rising standard of living. Vendors in the snowboard bags market are focusing on developing bags with various designs for different types of snowboards including shorter boards. Growing number of snowboarding athletes are using snowboard bags. The creation of artificial snow infrastructure plays an important role in the expansion of the snowboard bags market.
Snowboard Bags Market: Drivers and Restraints
Increasing number of tourism activities is driving the growth of snowboard activities which is further driving the growth of the snowboard bags market. Increasing e-commerce penetration and availability of snowboard bags at a discounted price is further driving the growth of the snowboard bags market.
Unpredictable weather conditions have reduced people's interest in snow sports activities which has reduced the purchase of snowboards, thereby hampering the growth of market. Also, production of poor quality of duplicated brand bags is further restraining the growth of the snowboard bags market.
Snowboard Bags Market: Segmentation
The snowboard bags market can be categorized on the basis of channel type, material type, and type of snowboard. The online retail stores' sector in the channel type segment is growing due to the high penetration of e-commerce in snowboard accessories such as snowboard bags in the market. The wheelie board case segment is expected to grow rapidly since it provides high flexibility in carrying the snowboard bags. The snowboard bags are available in many materials including canvas, cotton and others.
Snowboard Bags Market: Competitive Landscape
Examples of some of the key players operating in the Snowboard Bags market are Black Diamond, Burton, Dakine, Evo, Mammut, Ortovox, Patagonia, Picture Organic, Saloman and Transpack.
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Regional Overview
On the basis of geography, the Snowboard Bags market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and other APAC, Japan, and Middle East & Africa. North America is expected to be a large market for snowboard bags as a majority of the snowboard bags vendors such as Burton Snowboards, Dakine and Patagonia are based in the region.
The growing popularity of snow sports in developing regions, such as APEJ, Latin America, and parts of Africa, is characterized by the increasing interest of the government in developing snow sports infrastructure and materials in snowboard bags market. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of snowboard bags in these regions in the near future.
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