According to a new report published by Allied Market Research, titled, “Survival Tools Market by Product Type, Application, and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global survival tools market size was valued at $1,279.6 million in 2020, and is projected to reach $2,481.6 million by 2030, registering a CAGR of 7.1% from 2021 to 2030.
Survival tools are one of the most integral parts of recreational activities such as hiking, caving, rock climbing mountaineering and others.
In addition, the expansion of distribution channels such as online stores, specialty stores, supermarkets, hypermarkets, and B2B channels, has made these survival tools easily accessible to the customers, which in turn has increases the survival tools market demand.
Additionally, the IOT embedded survival tools are the ongoing survival tools market trends.The sports & recreational activities sector was severely affected during the outbreak of the COVID-19 pandemic.
This is attributable to the facts that government of all the countries imposed strict lockdown in their countries, consumers were restricting themselves to go out from their home in order to maintain social distancing.
Thus, the aforementioned facts hampered the growth of the market during pandemic.Request For Sample:- https://www.alliedmarketresearch.com/request-sample/12873By product type, the others segment is anticipated to grow at the highest CAGR during the forecast period.