Market Research Future (MRFR) has published a cooked research report on the “Global Survival Tools Market” that contains information from 2018 to 2032. The Survival Tools market is estimated to register a CAGR of 7.50% during the forecast period of 2023 to 2032.
MRFR recognizes the following companies as the key players in the global survival tools market— COLEMAN COMPANY, INC., EXXEL OUTDOORS, LLC, FENIX OUTDOORS INTERNATIONAL AG, FISKARS GROUP, JOHNSON & JOHNSON, LEATHERMAN TOOL GROUP, INC., READY AMERICA, INC., SOG Specialty Knives & Tools, SUREFIRE, LLC, and UST Brands,
The global survival tools market is accounted to register a CAGR of 7.50% during the forecast period and is estimated to reach USD 2.7 Billion by 2032.
The market for survival items is expanding significantly as outdoor recreation, camping, and disaster preparedness become more and more popular. The availability of a wide variety of survival equipment, including multipurpose knives, fire starters, and water purifiers, as well as increased awareness of the value of being ready for unanticipated scenarios are some of the drivers driving the growth of the market.
Access full report @ https://www.marketresearchfuture.com/reports/survival-tools-market-11812
The global survival tools market has been segmented based product type, application and distribution channel.
On the basis of type, the market is segmented into pocket tools, first aid kit, compass, and others. In 2022, the pocket tools segment dominated the world market. The portable, pocket-sized items are usually referred to as lifesavers in outdoor leisure activities.
Based on application, the global survival tools market has been segmented into hiking, hunting & fishing, camping, and others. In 2022, the iking segment dominated the world market. The growth of the survival equipment market through hiking can be linked to the rise in popularity of outdoor activities among individuals throughout the world.
Based on distribution channel, the global survival tools market has been segmented into specialty store, supermarket/hypermarket, online store, and others. In 2022, the specialty store industry led the global market for survival tools. This is so that customers may select survival gear that best suits their needs. The specialist store provides excellent customer service, thorough product explanations, and professional advice to customers.
The global survival tools market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Survival Tools market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Survival Tools market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Survival Tools market comprises of Middle East, Africa, and Latin America.
The North America survival tools market dominated this market in 2022 (45.80%). This is due to the increasing number of customers in the area who are adopting better lifestyles, which is increasing the number of recreational enthusiasts. As a result, there is now a greater need for survival gear in this region, which has led to the industry's growth in North America.
Moreover, in 2022, the Europe market for survival tools held a sizable market share. Sales of survival equipment are increasing as more hotels, resorts, and restaurants are located near bodies of water, such as lakes, rivers, and mountains. In partnership with hotel and resort chains, manufacturers are also offering multipurpose survival kits to give travellers the best safety equipment, which might speed up the growth of the Survival Tools market.
Additionally, from 2023 to 2032, the Asia Pacific survival tools market is anticipated to grow significantly. Sectors including oil and gas, energy, and mining are currently experiencing high production outputs, rising workforces, and a lack of security as a result of the industrial sector's seeming expansion. These businesses are vulnerable to disasters brought on by people, including explosions, protracted power outages, and fires started by technical errors. This is encouraging a focus on workplace safety in order to increase sales of survival gear in the approaching years.
Furthermore, the rest of the world's survival tools market is divided into the Middle East, Africa, and Latin America. Latin America's market for survival gear is expanding significantly as more people and outdoor enthusiasts place a high value on being prepared. The market demand is being driven by elements including adventure tourism, natural calamities, and rising public awareness of personal safety. To meet a variety of client needs, key providers are providing a wide selection of robust and flexible survival items.
Key Findings of the Study