GITNUX REPORT 2024

Snowboarding Industry Statistics: $1.5B Market, 8.2M US Snowboarders by 2027

Exploring the Thriving Snowboarding Industry: Global Growth, Market Trends, and Economic Contributions Unveiled.

Author: Jannik Lindner

First published: 7/17/2024

Statistic 1

The global snowboard market size is estimated to reach $1.5 billion by 2027.

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The global snowboarding market is projected to grow at a CAGR of 4.3% from 2021 to 2028.

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Snowboard sales in Europe are expected to reach 4.5 million units by 2027.

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Snowboard apparel sales are expected to grow by 5% annually from 2021 to 2026.

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Snowboard sales are expected to increase by 3.5% in Europe in the next five years.

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Snowboard binding sales are projected to grow by 6% in the next year.

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In 2020, the average snowboarder spent $600 on equipment and gear.

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The average snowboarder spends $400 on lodging during a snowboarding trip.

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The number of snowboarders in the United States has reached 8.2 million.

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More than 70% of snowboarders are under the age of 34.

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The average annual growth rate of snowboard participation in the U.S. is 0.5%.

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Snowboarding accounts for 21% of total winter sports participation.

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The average snowboarder spends 7 days on the slopes per season.

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Female snowboard participation has been increasing at a rate of 2% per year.

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The snowboard industry contributes over $20 billion to the global economy annually.

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Snowboard equipment rental revenue in the U.S. is projected to be $564 million in 2021.

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The average cost of a day pass at a snowboard resort is $85.

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The average snowboard boot sale price is $180.

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The snowboard market in Asia-Pacific is expected to grow at a rate of 5% from 2021 to 2026.

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There are over 400 snowboard resorts in the U.S.

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Summary

  • The global snowboard market size is estimated to reach $1.5 billion by 2027.
  • The number of snowboarders in the United States has reached 8.2 million.
  • In 2020, the average snowboarder spent $600 on equipment and gear.
  • More than 70% of snowboarders are under the age of 34.
  • The global snowboarding market is projected to grow at a CAGR of 4.3% from 2021 to 2028.
  • Snowboard sales in Europe are expected to reach 4.5 million units by 2027.
  • The average annual growth rate of snowboard participation in the U.S. is 0.5%.
  • Snowboarding accounts for 21% of total winter sports participation.
  • The snowboard industry contributes over $20 billion to the global economy annually.
  • Snowboard equipment rental revenue in the U.S. is projected to be $564 million in 2021.
  • The average snowboarder spends 7 days on the slopes per season.
  • Snowboard apparel sales are expected to grow by 5% annually from 2021 to 2026.
  • There are over 400 snowboard resorts in the U.S.
  • The average cost of a day pass at a snowboard resort is $85.
  • Female snowboard participation has been increasing at a rate of 2% per year.

Strap on your helmets, folks, because the snowboarding industry is shredding its way to some serious numbers! With the global snowboard market set to hit $1.5 billion by 2027 and over 8.2 million riders in the U.S., its clear that this sport is showing no signs of slowing down. From the average snowboarder spending $600 on gear to the industry contributing over $20 billion to the global economy annually, its time to buckle up for a wild ride down the exciting slopes of snowboarding statistics. Who knew carving could be so lucrative?

1 Market Size and Projection

  • The global snowboard market size is estimated to reach $1.5 billion by 2027.
  • The global snowboarding market is projected to grow at a CAGR of 4.3% from 2021 to 2028.
  • Snowboard sales in Europe are expected to reach 4.5 million units by 2027.
  • Snowboard apparel sales are expected to grow by 5% annually from 2021 to 2026.
  • Snowboard sales are expected to increase by 3.5% in Europe in the next five years.
  • Snowboard binding sales are projected to grow by 6% in the next year.

Interpretation

As the snowboarding industry carves its way into the future, the forecasted numbers are as thrilling as a perfect powder run. With the global snowboard market poised to hit $1.5 billion by 2027, it seems like snow enthusiasts are shredding their way to economic success. From Europe's expected 4.5 million snowboard units hitting the slopes to the projected 6% growth in binding sales, it's clear that snowboarding isn't just a sport; it's a lifestyle taking the world by storm. So grab your board, buckle up those bindings, and get ready for an exhilarating ride towards a snowy financial horizon.

2 Consumer Spending Behavior

  • In 2020, the average snowboarder spent $600 on equipment and gear.
  • The average snowboarder spends $400 on lodging during a snowboarding trip.

Interpretation

In the unpredictable world of snowboarding, where riders chase after the elusive thrill of shredding powder, it seems both their passion and their wallets are equally devoted. With an average expenditure of $600 on gear, snowboarders are clearly not shy about investing in top-notch equipment to conquer the slopes. Meanwhile, the $400 spent on lodging during a snowboarding trip shows that even adrenaline junkies need a cozy nest to retreat to after a day of gravity-defying stunts. It appears that for these daredevils, no expense is too high when it comes to embracing the icy embrace of winter sports.

3 Demographics and Participation Trends

  • The number of snowboarders in the United States has reached 8.2 million.
  • More than 70% of snowboarders are under the age of 34.
  • The average annual growth rate of snowboard participation in the U.S. is 0.5%.
  • Snowboarding accounts for 21% of total winter sports participation.
  • The average snowboarder spends 7 days on the slopes per season.
  • Female snowboard participation has been increasing at a rate of 2% per year.

Interpretation

Snowboarding: where the young rule the slopes, the growth may be slow but the stoke is high. With 8.2 million shredders in the U.S., snowboarding's cool factor remains on point as over 70% of riders are under 34, spinning and sliding their way to winter glory. While the sport's annual growth rate may be a modest 0.5%, it still carves out a significant chunk of the winter sports pie at 21%. And hey, the ladies are taking charge too, with female participation rising by 2% each year. So grab your board, hit the slopes, and remember: life may be a journey, but snowboarding is the ride.

4 Industry Contribution and Revenue

  • The snowboard industry contributes over $20 billion to the global economy annually.
  • Snowboard equipment rental revenue in the U.S. is projected to be $564 million in 2021.
  • The average cost of a day pass at a snowboard resort is $85.
  • The average snowboard boot sale price is $180.

Interpretation

The snowboarding industry is shredding through the global economy, leaving behind a trail of over $20 billion in annual contributions. With snowboard equipment rental revenue in the U.S. projected to hit $564 million this year, it's clear that hitting the slopes is no longer reserved for the elite few. However, at an average cost of $85 for a day pass, it seems the high-flying thrills of snowboarding still come at a hefty price. And don't even get me started on the average cost of snowboard boots at $180—seems like even our feet have to pay a premium for that extra kick.

5 Regional Market Trends

  • The snowboard market in Asia-Pacific is expected to grow at a rate of 5% from 2021 to 2026.

Interpretation

As the snowboard market in the Asia-Pacific region carves its way towards a 5% growth from 2021 to 2026, it seems like snowboarding enthusiasts are poised to ride the wave of popularity. With this steady incline, one might say the snowboarding industry is shredding the competition and showing no signs of hitting a plateau. Whether it's the thrill of carving fresh powder or the allure of gravity-defying tricks, snowboarding continues to slope upwards in the hearts and minds of winter sports aficionados in the region.

Industry Contribution and Revenue

  • There are over 400 snowboard resorts in the U.S.

Interpretation

With over 400 snowboard resorts scattered across the snowy landscapes of the U.S., it's clear that the nation has no shortage of destinations for shredding powder and carving up the slopes. These statistics serve as a testament to the enduring popularity and growth of the snowboarding industry, where enthusiasts can find a myriad of options to satisfy their adrenaline-fueled cravings for adventure and winter fun. Whether you're a seasoned pro or a novice looking to catch some air for the first time, the abundance of snowboard resorts in the U.S. ensures that there's a perfect mountain playground waiting just around the corner for all to enjoy.

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