Survival Tools Market is Expected to Reach at a US$ 2,558.1 Million by 2033 | FMI

Survival Tools Market
Survival Tools Market

During the projected period, total sales in the survival tools market are to record a robust 7.8% CAGR, reaching US$ 1,207.8 million in 2023. The growing emphasis on safety while participating in outdoor leisure activities pushes the survival tools industry.

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.

Emerging Trends in the Survival Tools Market

An increase in natural disasters, national park visitation, and a surge in hiking trips are some key factors predicted to propel the survival gear market expansion during the forecast period.

Increased awareness campaigns organized by private and government organizations to educate people about the importance of survival tools in emergencies, as well as rising demand in the military segment due to survival tools available in a variety of sizes to meet the needs of various military operations, to ramp up the survival tools market growth.

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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.

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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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.

Competitive Landscape

The key survival tool manufacturers are indulged in developing cutting-edge strategies to have a competitive edge and expand their market size.

Coleman Company, Inc., Exxel Outdoors, LLC, Fenix Outdoors International AG, Fiskars Group, Johnson & Johnson, Leatherman Tool Group, Inc., SOG Specialty Knives & Tools, Surefire, LLC, and UST Brands 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.

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

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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