Global snowboard bindings market is expected to register a high CAGR during the estimated forecast period. In a snowboard, binding is the technique that can keep the rider attached to the snowboard and it is very essential to find the right binding by considering the style of riding. Today, mainstream bindings are either rear entry or strap bindings.
Majorly there are two types of rated bindings; the first one is the ‘low response rating’, which has more flex and is softer. Low response rating does not have a stiff binding due to which it does not transfer instant energy, but it does provide greater margin of errors to the riders. Followed by this, ‘high response rating’ is the second type, which offers accurate control and transfers energy speedily due to its intense stiffness.
There is an upsurge in the number of aspiring athletes who are inclined towards snowboarding, which is one of the major factors that is tremendously driving the growth of the snowboard bindings market. Moreover, snowboarding has been claimed to be one of the most effective workout style among the youth. This again is triggering the market growth. Considering the demand scenario, investors have started investing more. The manufacturers are emphasizing improved features in the snowboards such as track watches and heated snow boot liners. This will eventually help the snowboard bindings industry to witness a massive growth in the near future.
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The snowboard bindings market is segmented on the basis of product (rear-entry, step-on, and strap), end-users (men’s, women’s, boys and girls), applications (competition, entertainment) and region (North America, Europe, China, Japan, Southeast Asia and India).
Considering the regions of the snowboard bindings industry, North America is anticipated to represent the largest market globally. Along with its regional aspect, it is also projected to remain high in the economic range.
The foremost key players in the snowboard bindings market are Burton, System, Union, Flow, Salomon, Sapient, Drake, Head, Nitro, Ride, Rome, Salomon, Switchback, GNU, K2, Atomic Skis, Nidecker, Roxy, Snowjam, Arbor, Bent Metal and Flux. All the leading companies are including mergers and acquisitions, partnerships and joint ventures to enhance the growth of the market efficiently.
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