During the forecast period, the global survival tools market sales are expected to increase at a robust 7.8% CAGR, reaching US$ 1,207.8 million in 2023. The survival tools market is propelled by the growing emphasis on safety during outdoor recreational activities.
In light of this, the market valuation is to reach US$ 2,558.1 million by 2033. The survival tools industry study examines the current expansion, which is being driven by increased accidents and unintentional injuries worldwide.
Sales of survival tools are driven by growing demand for multipurpose survival tool kits that comprise food, water, sanitary bags, and first aid kits. Depending on the intended usage, manufacturers are releasing survival equipment and kits in duffel bags, buckets, and backpacks.
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Key Takeaways
- In the product type category, the pocket survival tools segment gets a market share of 27.4% during the forecast period.
- In the application category, the hiking activities segment to grab a market share of 37% between 2023 and 2033.
- The United States to get a market share of survival tools of 79.4% from 2023 to 2033.
- The Indian market to grab a share of 35.5% between 2023 and 2033.
- Over the forecast period, China’s market share may reach 42.6%.
- Germany’s market may grab a share of 20.4% from 2023 to 2033.
- The Japan market accounted for 35.5% of the market share of survival tools between 2023 and 2033.
- During the forecast period, Australia may take up 53.2% of the survival gear market.
Regional Economic Scenario of the Survival Tools Market
Due to increased government efforts to promote the use of survival kits, North America currently controls a large part of the global survival tools industry. Moreover, the government is enticing citizens to buy or create survival kits, which may increase demand for survival gear in the area throughout the anticipated time.
Due to the small-scale businesses involved in the production and delivery of survival tools, Asia Pacific has seen extensive growth in the survival tools industry. The industry’s ability to prosper and tap into regional markets due to the drop in manufacturing costs fuel the expansion of the survival gear market in the coming years.
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Size and Weight Restrictions on Survival Tool Kits Negatively Impact Market Expansion
Military and defence, forestry workers, and other people who work in extreme climatic conditions and remote locations should be equipped with survival equipment and disaster supplies. Although, it is difficult to keep all the essential supplies due to their restricted size and weight since survival equipment was taken for a variety of activities, including camping, travel, or sporting events.
Users need to be aware of their needs concerning their jobs and other activities. This can cut down on the extra goods carried along with your survival gear. Therefore, vendors face difficulties in determining the best survival tool mix for certain applications, which might impede survival tools market expansion.
Competitive Landscape
The key survival tool manufacturers are indulged in developing cutting-edge strategies to have a competitive edge and expand their market size.
- Tender Corporation
- Fiskars Group
- Coleman Company
- Survival Light Products INC
- Full Windsor Company
- SOG Specialty Knives and Tools, Inc.
- Wild and Wolf, Inc.
- Ultimate Survival Technologies
- Johnson and Johnson International, Inc.
- Honeywell International, Inc.
- Leatherman Tool Group, Inc.
- Frasers Group
- L.L. Bean Inc.
- Unchartered Supply Company
- Sharpal Inc.
are a few of the significant companies in the global survival tools market analyzed in this report.
Recent Development
New camping gear from Ultimate Survival Technologies offers excellent durability and comfort. To cut down on plastic waste and carbon emissions, the company uses packaging for its products that is 100% recyclable.
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Survival Tools Market by Category
Product:
- Shovels
- Ropes
- Compasses
- Pocket Tools
- Hatchets
- First Aid Kits
Material:
- Stainless Steel
- Aluminum
- Wood
- Plastic
Application:
- Hiking Activities
- Hunting and Fishing
- Camping Activities
- Other Wilderness Activities
Sales Channel:
- Supermarkets/ Hypermarkets
- Multi-Brand Stores
- Online Retailers
- Direct Sales
- Specialty Stores
Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- Middle East & Africa are to increase at a strong 7.8% CAGR during the forecast period
Author
Sneha Varghese (Senior Consultant, Consumer Products & Goods) has 6+ years of experience in the market research and consulting industry. She has worked on 200+ research assignments pertaining to Consumer Retail Goods.
Her work is primarily focused on facilitating strategic decisions, planning and managing cross-functional business operations, technology projects, and driving successful implementations. She has helped create insightful, relevant analysis of Food & Beverage market reports and studies that include consumer market, retail, and manufacturer research perspective. She has also been involved in several bulletins in food magazines and journals.
About Future Market Insights (FMI)
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