Survival Tools Market to Hit USD 2.11 at a Growth Rate of 7.9 % by 2030- Says Steller Market Research

Survival Tools Market to Hit USD 2.11 at a Growth Rate of 7.9 % by 2030- Says Steller Market Research
Survival Tools Market
Survival Tools Market size of the North America region is expected to dominate the market during the forecast period. Survival Tools Market analysis was conducted by dividing it into Product, Material, Application, and Sales Channel. The bottom-up approach was used to estimate the Survival Tools Market size.

Pune,13, May 2024: Steller Market Research, a Consumer Goods & Services business research firm has published a report on the “Survival Tools Market. The total market opportunity for Survival Tools Market was USD 1.24 Bn in 2023 and is expected to grow at 7.9 % CAGR through the forecast period by reaching nearly USD 2.11 Bn.

Survival Tools Market Report Scope and Research Methodology

Market Size in 2023   USD 1.24 Bn.

Market Size in 2030   USD 2.11 Bn.

CAGR   7.9 % (2024-2030)

Forecast Period          2024-2030

Base Year        2023

Number of Pages       278

No. of Tables  119

No. of Charts and Figures      115

Segment Covered      Product, Material, Application, Sales Channel

Regional Scope           North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage        Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

The Survival Tools Market report offers a comprehensive examination of leading players’ strategies within the industry, together with an in-depth analysis of market segments and regional dynamics. It delves into market dynamics, including drivers, trends, restraints, opportunities, challenges, both regionally and by segment. The report provides essential figures on import/export consumption, supply and demand, pricing, costs, revenue, and gross margins, serving as a valuable resource for investors.

Data collection employed a blend of primary and secondary research methods, including surveys, interviews, and expert consultations, ensuring the report’s authenticity. Utilizing a bottom-up approach, the report estimates global and regional market sizes for Survival Tools. Strengths and weaknesses of key players are outlined through SWOT analysis, enhancing insights into the industry landscape, and informing strategic decision-making processes

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Survival Tools Market Overview

The Survival Tools Market is witnessing significant growth, driven by an increasing occurrence of natural disasters globally and a rising interest in outdoor recreational activities, particularly in millennials and Generation Z. The market is considered by a growing demand for efficient and multifunctional survival tool kits, including utilities, food, water, portable charging systems. Stringent safety regulations at tourist destinations and the uptick in outdoor leisure pursuits like hiking are further boosting sales of emergency survival kits. The market is benefitting from heightened awareness programs by authorities regarding the importance of survival equipment and its safe utilization, alongside its utilization in defense for various military missions, contributing to market revenue.

Survival Tools Market Dynamics:

The Survival Tools Market is driven by the increasing prevalence of natural disasters globally, such as earthquakes, floods, and cyclones, necessitating the need for effective survival tool kits. These disasters have a profound impact on economies with partial disposable income, where inadequate infrastructure contributes to noteworthy fatalities. Consequently, governments globally are investing in making survival kits and tools more accessible in disaster-prone areas, driving market growth. Moreover, the market is experiencing a surge in demand due to heightened interest in outdoor recreational activities post-pandemic, prompting individuals to seek versatile survival tool kits for enhanced safety during adventures.

Survival Tools Market Regional Insights:

The global Survival Tools market exhibits regional variations in dominance and growth prospects. North America Survival Tools Market is witnessing robust growth globally, fueled by increasing sales of survival equipment across different continents. The rising investments by governments to enhance disaster preparedness and infrastructure, coupled with a growing population engaging in risky outdoor activities, are driving market growth. market is benefiting from the implementation of stringent safety regulations at tourist destinations and an increase in outdoor recreational pursuits like trekking and deep-sea diving. Furthermore, educational programs by authorities emphasizing the significance of survival equipment usage and its application in defense further contribute to market growth.

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Survival Tools Market Segmentation

By Product

  • Shovels
  • Ropes
  • Compasses
  • Pocket Tools
  • Hatchets
  • First Aid Kits

Based on Product, First Aid Kits segment held largest Survival Tools market share and is expected to grow at high CAGR during the forecast period. First Aid Kits dominate the market due to their essential role in addressing medical emergencies during outdoor activities.

By Material

  • Stainless Steel
  • Aluminium
  • Wood
  • Plastic

Based on Material, the Stainless Steel segment held the largest Survival Tools market share and is expected to grow at a high rate during the forecast period. Stainless Steel dominates due to its durability, resistance to corrosion, versatility in various climate, making it suitable for tools like knives, multi-tools & cookware.

By Application

  • Hiking Activities
  • Hunting and Fishing
  • Camping Activities
  • Other Wilderness Activities

Based on the Application, the camping activities segment is expected to hold the largest share of the global market in the future, camping activities dominate as the most prominent application due to the widespread acceptance of camping among outdoor enthusiasts. Survival tools personalized for camping, such as multi-tools, portable stoves, and lightweight shelters, are in more demand.

By Sales Channel

  • Supermarkets/ Hypermarkets
  • Multi-brand Stores
  • Online
  • Direct Sales
  • Specialty Stores

Based on the Sales Channel, the Online segment has dominated the market during the forecast year, driven by the convenience & accessibility of e-commerce platforms. The online segment allows consumers to browse a wide variety of survival tools from the comfort of their homes, allowing easy comparison of product and price.

Survival Tools Key Competitors include:

  • Tender Corporation (United States)
  • Coleman Company (United States)
  • SOG Specialty Knives and Tools, Inc. (United States)
  • Ultimate Survival Technologies (United States)
  • Johnson and Johnson International, Inc. (United States)
  • Honeywell International, Inc. (United States)
  • Leatherman Tool Group, Inc. (United States)
  • L. Bean Inc. (United States)
  • Unchartered Supply Company (United States)
  • Fiskars Group (Finland)
  • Wild and Wolf, Inc. (United Kingdom)
  • Frasers Group (United Kingdom)

Key questions answered in the Survival Tools Market report are:

  • What are Survival Tools?
  • Which market segment held the largest share of the global Survival Tools market in 2023?
  • What are the global trends in the Survival Tools Market?
  • What are the upcoming opportunities for the Survival Tools Market?
  • What are the recent industry drivers that can be implemented to generate additional revenue streams for the Survival Tools Market?
  • What growth strategies are the players considering to increase their presence in the Survival Tools Market?
  • Who are the leading companies and what are their portfolios in the Survival Tools Market?
  • What are the major challenges that the Survival Tools Market could face in the future?
  • Which region held the largest Survival Tools Market Share in 2023?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Share, Size & Forecast by different segment | 2023−2030
  • Survival Tools Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Survival Tools Market Segmentation – A detailed analysis by Product, Material, Application, Sales Channel and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Lucrative business opportunities with SWOT analysis
  • Analyst Recommendations

Steller Market Research a leading Consumer Goods & Services research firm, has also published the following reports:

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Montenegro Aluminum Market The market size is expected to reach USD 6.47 billion by 2030 at a CAGR of 4.5 % during the forecast period. The demand for aluminum has increased in the electrical sector to replace the existing copper cabling for power distribution. A surge in demand for environmentally friendly packaging and an increase in the popularity of canned drinks across Montenegro will drive the growth of the market.

About Steller Market Research:

Steller Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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