As per the reports, the global snowboard equipment manufacturing industry in 2017 is forecast to decline at a CAGR of 1.4% and reach $388 million as compared to the decline during 2006-2011. To increase the growth, the snowboard manufacturers are using direct promotions to reach consumers, increase their profitability, and introduce innovative technology in their products such as hybrid snowboards.
According to the report, Lucintel, has analyzed global snowboard equipment manufacturing industry and offers its findings in its inclusive research report namely , Global Snowboard Equipment Manufacturing Industry 2012-2017: Trend, Profit, and Forecast Analysis. The research report is geologically divided in four regions namely North America, Europe, APAC, and Rest of World and it is found that North America and Europe lead the industry. According to the report, financial limitation, high learning curve rate, high injury rate, and rental equipment are the major industry growth challengers whereas snowboard participation and snowboard events, good weather conditions, and favorable demographic trends and changes are the drivers providing the industry with competitive advantage according to the identifications made by Lucintel.
The report say that, the industry players are expected to gain more industry share who are having strong brand equity, innovative R&D capabilities, effective network management, and solid capital resources.
This report acts as a reference guide for materials suppliers, product manufacturers, investors, executives, distributors, and many more that operate in this snowboard equipment manufacturing market. The information in this market report are mainly required to make business, investment, and strategic decisions.