Survival Tools Market Share Will Hit USD 2.8 billion by 2033 | Growth With Recent Trends & Demand

 Allied Market Research recently published a report, titled, "Survival Tools Market by product type (Pocket tools, First Aid Kit, Compass and Others), Application (Hiking, Hunting & Fishing, Camping, and others), and Distribution Channel (Specialty Store, Supermarket/Hypermarket, Online Store, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030". As per the report, the global survival tools industry generated $1.27 billion in 2020, and is estimated to reach $2.48 billion by 2030, growing at a CAGR of 7.1% from 2021 to 2030.



Major determinants of the market growth

Surge in use of survival tools for safety, ease in availability, and surge in number of recreational activities among enthusiasts drive the global survival tools market. However, low penetration in developing countries and availability of counterfeit products hinder the market growth. On the contrary, product innovations and rapid growth of online retail platformsare expected to open lucrative opportunities for the market players in the future.

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The hikingsegment dominated the market

By application, the hikingsegment held the lion's share in 2020, accounting for nearly two-fifthsof the global survival tools market, due to rise in popularity of outdoor activities among people and busy and hectic lifestyle coupled with surge in popularity of recreational activities. However, the campingsegment is projected to manifest the highest CAGR of 10.0% from 2021 to 2030, owing torise in popularity of survival camping and increase in demand for survival kits.

The online store segment to manifest the highest CAGR through 2030

By distribution channel, the online store segment is estimated to register the highest CAGR of 9.0% during the forecast period, due to easy availability of survival tools and benefits offered by online stores such as information of product and directions to use. However, the specialty store segment dominated the market in terms of revenue in 2020, contributing to more than one-third of the global survival tools market, as consumers prefer to analyze and evaluate the product before purchases and rise in retail sales of survival tools.

North America held the largest share

By region, the global survival tools market across North Americaheld the largest share in 2020, contributing to nearly two-fifths of the market, due to popularity of hunting & fishing among other popular recreational activities and rise in adoption of healthy lifestyle. However, the market across Asia-Pacific is expected to register the highest CAGR of 9.9% during the forecast period, owing torise in urbanization and disposable income and increase in participation in recreational activities in China, Japan, and India.

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Major market players

  • Coleman Company, Inc.
  • Fenix Outdoors International AG
  • Exxel Outdoors, LLC
  • Johnson & Johnson
  • Fiskars Group
  • SOG Specialty Knives & Tools
  • Leatherman Tool Group, Inc.
  • UST Brands
  • Surefire, LLC
𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:
𝐁𝐚𝐛𝐲 𝐏𝐚𝐜𝐢𝐟𝐢𝐞𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/baby-pacifier-market

𝐇𝐨𝐦𝐞 𝐎𝐟𝐟𝐢𝐜𝐞 𝐅𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/home-office-furniture-market-A12536

𝐔.𝐒. 𝐇𝐨𝐦𝐞 𝐃𝐞𝐜𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/us-home-decor-market-A06775

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