According to a new report, published by KBV research, The Global Survival Tools Market size is expected to reach $2.3 billion by 2030, rising at a market growth of 6.0% CAGR during the forecast period.
The First Aid Kit segment is experiencing a CAGR of 6.2% during (2023 - 2030). The presence of a first aid kit allows for a rapid response to injuries. Immediate access to bandages, antiseptics, and other medical supplies can prevent the escalation of minor injuries and contribute to faster recovery. First aid kits are designed to be versatile and adaptable to different environments, including outdoor activities, travel, and urban settings. This versatility makes them a valuable component of survival tool kits suitable for various scenarios. A compact and well-organized first aid kit is convenient to carry and easily accessible in times of need. This accessibility encourages individuals to include first aid as a routine part of their emergency preparedness at home and during outdoor activities.
The Hiking segment is generating the highest revenue in the Global Survival Tools Market by Application in 2022; thereby, achieving a market value of $929.1 Thousands by 2030. The demand for hiking equipment, such as multi-tools, navigation devices, and compact shelters, contributes to the growth of the survival tools market. Hiking gear, including survival tools, is designed to be compact and lightweight to meet the needs of individuals who need to carry their equipment for extended periods. This design consideration contributes to the portability and convenience of survival tools. Multi-functional tools, such as hiking poles with integrated compasses, multitools with various functions, and compact cooking utensils, are popular among hikers. The versatility of these tools addresses multiple needs, encouraging their adoption.
The Supermarket/Hypermarket segment would exhibit a CAGR of 6.3% during (2023 - 2030). Supermarkets/hypermarkets often run seasonal promotions and displays. Aligning survival tools with relevant seasons, such as outdoor camping and hiking gear during the summer or emergency preparedness kits during the winter, can capitalize on consumer needs and boost sales. The convenience and accessibility of supermarkets/hypermarkets make it easy for customers to purchase survival tools during routine shopping trips. This accessibility can attract a broader demographic, including those who may not typically visit specialty stores catering to outdoor or survivalist products.
The North America region dominated the Global Survival Tools Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $832.4 Thousands by 2030. The Europe market is anticipated to grow a CAGR of 5.6% during (2023 - 2030). Additionally, The Asia Pacific market would witness a CAGR of 6.6% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/survival-tools-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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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