The global survival tools market is poised for significant growth, with a forecasted compound annual growth rate (CAGR) of 7.8% from 2023 to 2033. The market size is expected to reach USD 1,207.8 million in 2023 and grow to USD 2,558.1 million by 2033. This surge in market growth is driven by a number of factors, including the rising emphasis on safety during outdoor recreational activities and an increase in natural disasters worldwide.
Key Drivers of Market Growth
- Increased Focus on Safety: As global participation in outdoor recreational activities grows, consumers are seeking reliable survival gear to ensure safety during activities such as trekking, deep-sea diving, river rafting, and hiking. The demand for multipurpose survival kits—comprising tools such as food, water, sanitary bags, and first aid kits—has seen a sharp rise, particularly as more stringent safety regulations are implemented at popular tourist destinations.
- Heightened Natural Disaster Frequency: Natural disasters like earthquakes, floods, and cyclones are becoming more frequent, significantly increasing the need for effective survival tools. Governments worldwide are ramping up investments in disaster-prone areas to enhance accessibility to survival kits, further driving market expansion. According to data from Our World in Data, natural disasters have impacted over 60,000 people globally, highlighting the critical importance of survival preparedness.
- Industrial Safety Requirements: As industries like construction, energy, mining, and oil & gas adopt more stringent safety measures, the need for survival tools in the workplace is expected to rise. This is especially true in sectors prone to accidents, where survival tools are essential for worker safety during emergencies.
Market Segmentation Insights
- Pocket Tools: The demand for compact, portable survival tools remains strong, as these items offer versatility and are easy to carry in remote regions. Pocket tools are expected to capture a 27.4% market share due to their practicality in emergency situations.
- Hiking Equipment: With hiking gaining popularity globally, the segment is projected to hold 37.0% of the market share by 2033. This growth is spurred by the increasing participation in outdoor activities and the heightened demand for accessible survival gear for outdoor enthusiasts.
Regional Growth
- United States: The U.S. is set to dominate the survival tools market with a projected 79.4% share, driven by the growing popularity of outdoor recreational activities.
- China: China is expected to hold 42.6% of the market share by 2033, fueled by increased industrial safety measures and a rising focus on workplace protection.
- Germany: Germany’s survival tools market will grow to capture 20.4% of the share, driven by an influx of tourists and increased demand for survival kits in recreational areas.
- India: India is experiencing growing demand for survival tools, with an expected market share of 35.5%, due to rising outdoor activities and natural disaster preparedness.
- Japan: Japan is anticipated to maintain a strong market presence with a 35.5% share, driven by heightened awareness of survival gear amid natural disaster risks.
- Australia: Australia’s market share is forecast to reach 53.2%, supported by a strong outdoor recreational culture and increased focus on safety in remote areas.
Key Players
- 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.
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Key Segments
By Product:
- Shovels
- Ropes
- Compasses
- Pocket Tools
- Hatchets
- First Aid Kits
By Material:
- Stainless Steel
- Aluminum
- Wood
- Plastic
By Application:
- Hiking Activities
- Hunting and Fishing
- Camping Activities
- Other Wilderness Activities
By Sales Channel:
- Supermarkets/ Hypermarkets
- Multi-brand Stores
- Online Retailers
- Direct Sales
- Specialty Stores
By Region:
- North America
- Latin America
- Eastern Europe
- Western Europe
- Asia Pacific excluding China & Japan
- Japan
- China
- The Middle East & Africa
About Future Market Insights (FMI)
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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