The Asia Pacific Survival Tools Market would witness market growth of 6.6% CAGR during the forecast period (2023-2030).
The creation of stronger, lighter, and more resilient materials for survival tools results from materials science advancements. Nanotechnology is used to create lightweight yet robust materials for shelters, clothing, and tools. These innovations contribute to improving the performance and longevity of survival gear. Tools that can survive the rigors of outdoor and emergency environments are in high demand, reflected in the increased demand for materials with high resistance to corrosion, extreme weather, and wear and tear.
E-commerce platforms enable detailed product descriptions, specifications, and customer reviews. Consumers can make informed decisions by accessing comprehensive information about survival tools, leading to greater satisfaction and confidence in their purchases. Many survival tools brands adopt direct-to-consumer models through e-commerce, eliminating the need for intermediaries. This allows manufacturers to establish a direct relationship with customers, gather feedback, and maintain better control over the customer experience.
According to the report titled Cities as Engines of Growth, published in 2022 by the Government of India, the population of urban areas in India is projected to have increased approximately fourfold, from 109 million in 1970 to 460 million in 2018. The country is projected to experience an additional 416 million inhabitants in its urban areas by 2050, resulting in a 50 percent urban population share. It is already the second-largest urban community globally. All these factors will uplift the regional market’s expansion in the coming years.
The China market dominated the Asia Pacific Survival Tools Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $166.6 Thousands by 2030. The Japan market is showcasing a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would register a CAGR of 7.2% during (2023 - 2030).
Based on Product Type, the market is segmented into Pocket Tools, First Aid Kit, Compass, and Others. Based on Application, the market is segmented into Hiking, Hunting & Fishing, Camping, and Others. Based on Distribution Channel, the market is segmented into Specialty Store, Supermarket/Hypermarket, Online store, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Australia & New Zealand, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Global Survival Tools Market is Predict to reach $2.3 Billion by 2030, at a CAGR of 6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Exxel Outdoors, LLC, Johnson & Johnson, Honeywell International, Inc., Fiskars Group, The Coleman Company, Inc. (Newell Brands, Inc.), Fenix Outdoor International AG, Leatherman Tool Group, Inc., Specialty Knives & Tools (GSM Outdoors), Surefire, LLC, and L.L.Bean Inc.
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