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The survival tools market size is estimated to grow by USD 442.5 million at a CAGR of 6.36% between 2023 and 2028. The outdoor recreational industry is experiencing a significant surge, with more people seeking new experiences and connecting with nature. Simultaneously, the DIY trend has gained immense popularity, allowing consumers to create their products at home. In response to these market shifts, our company offers a diverse range of DIY outdoor recreational kits. Our offerings include camping gear, gardening tools, and DIY crafts for creating outdoor decor. By combining the joy of outdoor activities with the satisfaction of creating something yourself, we cater to the evolving needs and preferences of modern consumers. Our commitment to innovation ensures that our product formats continually adapt to emerging trends, ensuring customer satisfaction and engagement.
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The market encompasses a wide range of products designed for use during natural disasters and outdoor activities such as adventure tourism, hiking, rock climbing, and camping. With the increasing popularity of outdoor recreational activities among Millennials and Generation Z, the demand is on the rise. Key products in this market include pocket tools, first aid kits, compasses, and specialized tools for specific activities like hunting & fishing. These tools can be purchased from various channels such as specialty stores, supermarkets, and online stores. Brands like UST have gained prominence in this market due to their automatic technology and high-quality offerings. The market is driven by factors such as the increasing number of tourist destinations and the rising living standard. Natural disasters like earthquakes have also highlighted the importance of having the right survival equipment on hand. Whether you're an experienced adventurer or just starting out, having the right tools can make all the difference in ensuring your safety and enjoying your outdoor experiences to the fullest. From hiking and camping to hunting and fishing, there's a tool for every activity and every budget. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The increasing outdoor recreational activities is notably driving market growth. The global market has experienced significant growth in recent years, driven by the increasing popularity of adventure tourism. More individuals are seeking thrilling experiences to escape their monotonous daily routines, leading to a surge in demand. These tools are essential for participating in various adventure activities, such as hiking, camping, and water sports, which offer health benefits and foster a sense of reflection. Rapid urbanization has resulted in mobile, fast-paced, and polluted environments, leading to a growing preference for heritage, nature-based, culture-based, and outdoor adventure activities, further fueling the demand. Thus, such factors are driving the growth of the market during the forecast period.
The provision of training to use survival tools is the key trend in the market. They are essential items that provide a survivor with the necessary equipment to endure harsh conditions and treat injuries. These tools cater to various scenarios, including sports, recreational tours, household work, and occupational hazards. However, it is crucial to understand their proper usage to minimize risks during emergencies. Unfortunately, many individuals are unaware of the correct methods and may worsen situations. To address this issue, vendors and safety regulatory bodies offer training programs to equip workers and students with the knowledge of using these effectively. These training sessions ensure that individuals can make the most of their survival kits during critical situations. Thus, such trends will shape the growth of the market during the forecast period.
The limitations of size and weight of the kits is the major challenge that affects the growth of the market. Survival tools play a crucial role in ensuring safety and protection in various scenarios, including military and defense, workplaces, outdoor activities, and traveling. These tools are essential for addressing injuries and unexpected accidents, making them indispensable for individuals in diverse settings. However, the challenge lies in carrying all necessary items due to their size and weight constraints. Traditional survival toolboxes, often made of metal, are susceptible to rusting and are comparatively heavy. Therefore, it is imperative for users to assess their requirements based on their specific activities.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovatorâs stage to the laggardâs stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Exxel Outdoors LLC - The company offers survival tools such as sleep systems, tents, and shelters.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The pocket tools segment is estimated to witness significant growth during the forecast period. The market encompasses a wide range of equipment designed for use during natural disasters, adventure tourism sector activities, and outdoor recreational pursuits. Millennials and Generation Z are driving demand for compact, lightweight tools such as pocket tools and multi-function devices.
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The pocket tools segment accounted for USD 391.10 million in 2018. Hiking, rock climbing, camping, and other recreational activities require essential supplies like compasses, first aid kits, and basic tools. Sales channels for survival tools include specialty stores, supermarkets, and online stores. Brands like UST offer a variety of survival tools, from simple compasses and first aid kits to more complex equipment like ropes and paracord. Natural calamities and unintentional injuries during outdoor activities necessitate the use of survival equipment for defense and medical aid. Military operations also utilize survival tools for transportation and communication purposes. Automatic technology and advanced features, such as GPS and emergency beacons, enhance the functionality of these tools. Hunting and fishing enthusiasts also benefit from survival equipment, elevating their living standards and enhancing their experiences at tourist destinations. The market for survival tools is expected to grow as more families take advantage of paid vacation holidays to engage in outdoor activities.
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APAC is estimated to contribute 31% to the growth of the global market during the market forecast period. Technavioâs analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The market encompasses a wide range of equipment designed for use during natural disasters, adventure tourism, and outdoor recreational activities. Millennials and Generation Z, with their affinity for hiking, rock climbing, and other extreme sports, are significant contributors to the market's growth. Basic tools such as pocket tools, compasses, and first aid kits are essential for these activities, and sales channels include specialty stores, supermarkets, and online stores. UST Brands, known for their survival tools, offer a variety of products for defense, military operations, and camping. Unintentional injuries and accidental mortality during recreational activities necessitate the use of specialized equipment, including ropes, paracord, and automatic technology. Hunting & fishing, tourist destinations, and living standards also influence market trends. Transportation costs and the availability of supplies vary between sales channels. Natural calamities and the need for self-defense further expand the market's scope.
The market report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million " for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
Survival tools have gained significant popularity in recent years due to the rise of adventure tourism and outdoor recreational activities. Natural disasters and unintentional injuries during camping, hiking, rock climbing, and other recreational pursuits have increased the demand for essential survival tools among Millennials and Generation Z. Survival tools include basic supplies like pocket tools, first aid kits, compasses, and more. Brands like UST have gained prominence in this market, offering a range of survival equipment for various uses. Sales channels for survival tools have expanded beyond specialty stores to include supermarkets and online stores. The convenience and affordability of purchasing survival tools online have made it a preferred choice for many consumers. Moreover, the defense and military operations sector also rely on advanced survival tools like ropes, paracord, and automatic technology for transportation and safety. Falls are a leading cause of accidental mortality and unintentional injury, making first aid kits and compasses essential tools for families during camping trips and paid vacation holidays. The tourist destinations that offer adventure activities and natural calamity-prone areas have further fueled the growth of the survival tools market. The living standard and accessibility of these tools have also contributed to their increasing popularity. In summary, the market is expected to grow significantly due to the increasing popularity of outdoor recreational activities, the need for safety during natural calamities, and the expanding sales channels.
Also, the market is witnessing significant growth driven by increasing global natural disaster frequency and the implementation of necessary safety measures. Consumers, particularly Millennials and Generation Z, are adopting survival gear for outdoor recreational activities such as hiking and rock climbing. Specialty stores, supermarkets, and online stores are pivotal in the availability of survival gear, offering a wide range of products from ropes to first aid kits and pocket tools like compasses. The adventure tourism sector benefits from this trend, emphasizing transportation costs and survival tools' importance in mitigating accidents and unintentional injuries. The survival tools industry study underscores the importance of robust manufacturing in meeting demand, ensuring families worldwide have access to essential survival equipment.
Market Scope |
|
Report Coverage |
Details |
Page number |
137 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.36% |
Market growth 2024-2028 |
USD 442.5 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.58 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
APAC at 31% |
Key countries |
US, China, Canada, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Acme United Corp., Bivouac Outdoor, Cintas Corp., Exxel Outdoors LLC, Fenix Outdoor International AG, Fiskars Group, Full Windsor, Gerber Gear, Honeywell International Inc., Johnson and Johnson Services Inc., L.L. Bean Inc., Leatherman Tool Group Inc., Lifeline, Newell Brands Inc., Recreational Equipment Inc., Sharpal Inc., SOG Specialty Knives Inc., SureFire LLC, Unchartered Supply Co., and VSSL |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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