The ski wax Market is estimated at USD 56.98 Billion in 2022, registering at a promising CAGR of 9.23% from 2023 to 2032. The historic year considered is 2019,2020,2021 and the base year considered for the study is 2022, the estimated year is 2023 and the forecast has been provided for the period, 2023 to 2032.
The ski wax market is projected to register high demand during the forecast period with the increasing growth of snowboarding related activities in European and other regions with snowfall.
Wax is applied to materials to improve friction between two material surfaces when they in contact with each other. Ski waxes improve the coefficient of friction between different snow surfaces and surfaces of skis, sleds, and snowboards. Glide wax marginalizes the kinetic friction between surfaces and grip wax establishes static friction.
The global ski wax market is still in the developing stage and hence, companies in this market are focused on market penetration by introducing new technologies to enhance their position in the market. Moreover, companies are engaging in mergers to increase their market share.
The global ski wax market is predominant in the European region while it is still at the nascent stage in Asia. However, this market is non-existent in the Middle East due to unfavorable conditions.
Key Factors Impacting Market Growth:
- Growth of snowboarding related activities in Europe
- Increasing popularity among millennial
The ski wax market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the ski wax market owing to diversified usage of it from end-use industries and competitive scenarios. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for the ski wax market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including the Asia Pacific and South America have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets
Companies Covered: Ertel Wax, Swix, ZumWax, Demon, ONE-BALL, Maxiglide, Briko Maples, Dakine, Fast Wax, Burton, Glide-on Wax, Holmenkol, Purl Wax, Datawax, Darent Wax, TOKO Wax and Care, Start Ski Wax, Rex, Nanox, Broadside, and Down Wax
Years Covered in the Study:
Historical Year: 2019, 2020, 2021
Base Year: 2022
Forecast Year: 2023-2032
- Glide Waxes
- Grip Waxes
- North America
- The Netherlands
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
Reasons to Buy This Report:
- Market size estimation of the global ski wax market on a regional and global basis
- The unique research design for market size estimation and forecast
- Profiling of major companies operating in the market with key developments
- Broad scope to cover all the possible segments helping every stakeholder in the market
We provide customization of the study to meet specific requirements:
- By Segment
- By Sub-segment
- By Region/Country