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Ice tool is specialized version of ice axe. It is used by the people involved in ice climbing, mountaineering, and related activities. It is also used as a means of self-arrest during downhill slip. There is an increase in the number of people interested in ice climbing and other related activities. This boosts the sales of ice tools, thus fueling the market growth.
COVID-19 Scenario Analysis:
The closure of factories due to COVID-19 led to the decline in the production of ice tools in these industries. This not only affected the scale of production but also the growth of these industries.
Online platforms, shops, and retail stores were shut due to lockdown observed worldwide. This also affected the trade of these products which in turn hampered the sales of ice tools in various countries around the world.
Ice tools have gained popularity among the people due to the associated efficiency. The sale of ice tools is expected to increase after worldwide release of the lockdown situation due to COVID-19.
Increase in the number of the adventure seekers is one of the reasons for surge in requirement of ice tools. The tools are designed to help people with hiking and mountaineering activities by providing required balance while climbing to the higher place and descending through steep slopes.
Higher spending of disposable income within emerging economies has helped to make the adventure activities popular and therefore fostered the market growth.
Due to increase in the participation of people in mountaineering and ice climbing activities, many of the enthusiasts are taking up such adventurous activities as a career, which is anticipated to boost the requirement of ice tools in the coming future.
Apart from these, alpine tourism and adventure tourism sectors are gaining popularity around the world. This remarkable growth in the tourism industry is attributing toward the growth of the market.
Considering the dynamic requirements of the consumers, leading players are manufacturing various types of ice tools to satisfy the requirement of the consumers. Like Blue Diamond Equipment and Grivel are the major players in this industry and produce excellent ice tools as a perfect option for mountaineering based activities.
Similarly, Ice Rock, the leading manufacturer in the ice tools market has launched a lightweight technical ice tool offering both durability and functionality. The company tends to substitute the aluminium made shafts for carbon fibers to reduce the weight while offering best quality and performance.
Key Benefits of the Report:
This study presents the analytical depiction of the global ice tools 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 detailed analysis of the global ice tools market share.
The current market is quantitatively analyzed to highlight the global ice toolsmarket growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global ice tools analysis based on competitive intensity and how the competition will take shape in coming years.
What are the leading market players active in the ice tools market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
Key Market Segments
Key Market Players