Portland, OR, March 07, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Survival Tools Market By Product Type (Pocket Tools, First Aid Kit, And Compass), By Application (Hiking, Hunting & Fishing, And Camping), By Distribution Channel (Specialty Store, Supermarket/Hypermarket, And Online Store), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2022 – 2030” in its research database.
“According to the latest research study, the demand for global Survival Tools Market size & share in terms of revenue was valued at USD 1159.5 million in 2022 and it is expected to surpass around USD 2460.6 million markets by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.4% during the forecast period 2023 to 2030.”
What is Survival Tools? How big is the Survival Tools Industry?
Survival tools are essential items and equipment that people use to increase their chances of survival during emergency situations, such as natural disasters, wilderness expeditions, and other extreme situations. These tools can range from simple items such as knives and flashlights to more advanced equipment such as water filtration systems and emergency shelters.
The survival tools industry is a rapidly growing market as more people are becoming interested in emergency preparedness and outdoor activities. The demand for survival tools has increased due to the rise in natural disasters, geopolitical instability, and a growing interest in outdoor activities such as hiking, camping, and backpacking.
Survival Tools Industry Coverage & Overview:
Survival tools are an essential package of basic and fundamental tools and supplies that are prepared in advance as an aid to protection and survival in emergency situations. These survival tools play a major role while engaging in various recreational activities such as caving, hiking, camping, trekking, rock climbing, and other activities.
Various supplies that are included in the pack encompass – a first aid kit, compass, flashlights, pocket tools, knife, and others. Survival tools are also extensively used in times of natural disasters such as earthquakes, floods, hurricanes, tornadoes, wildfires, tsunamis, and others. In such cases, the kit is equipped with ample food and water, sanitary bags, apart from first aid kits, and so forth. These kits can be packed in either backpacks, duffle bags, or buckets based on the different emergency situations.
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Market Growth Dynamics: Growth Factors
The demand for the global survival tools market is expected to surge exponentially due to a remarkable surge in the cases of natural disasters such as landslides, earthquakes, tsunamis, floods, tornadoes, and volcanic eruptions to name a few. Besides, growing inclination towards various recreational and adventurous activities like hiking, rock climbing, trekking, camping, and others among people create a necessary requirement to have beneficial survival tools that are expected to drive the growth of the market.
In addition, an increase in the implementation of favorable safety regulations and the growing importance of maintaining workplace safety in various sectors including industrial, chemical, mining, oil & gas, building & construction, electrical, and energy are anticipated to drive the growth of the market during the forecast period. Furthermore, an increase in the use of survival tools in the military sector for carrying out various military operations and an increase in the prevalence of consciousness programs by government and private organizations to increase awareness about the functionality of survival tools are predicted to create ample opportunities for the growth of the survival tools industry. However, an increase in the prices of ropes and other specialized tools might hamper the growth of the market to an extent.
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Report Scope
| Report Attribute | Details |
| Market Size in 2022 | USD 1159.5 million |
| Projected Market Size in 2030 | USD 2460.6 million |
| CAGR Growth Rate | 7.4% CAGR |
| Base Year | 2022 |
| Forecast Years | 2023-2030 |
| Key Market Players | UST Brands, Surefire, LLC, SOG Specialty Knives & Tools, Leatherman Tool Group, Wild and Wolf Inc., Frasers Group, Honeywell International Inc., Survival Light Products INC, Uncharted Supply Company, Sharpal Inc., Tender Corporation, Johnson & Johnson, Fiskars Group, Fenix Outdoors International AG, Exxel Outdoors, LLC, and Coleman Company, Inc. |
| Key Segment | By Product Type, By Application, By Distribution Channel, and By Region |
| Major Regions Covered | North America, Europe, Asia Pacific, Latin America, and the Middle East &, Africa |
| Purchase Options | Request customized purchase options to meet your research needs. Explore purchase options |
Survival Tools Market: Segmentation Analysis
The global survival tools market is segmented based on product type, application, distribution channel, and region.
Based on product type, the market is bifurcated into compass, first aid kit, pocket tools, and others. The pocket tools segment held the largest market share in 2021 and is further predicted to grow rapidly at a significant CAGR of 6.5% during the forecast period.
The main reason for the growth of this segment is that they are very handy to use and hence are often considered as life saviors when it comes to outdoor recreational activities. Pocket tools are multipurpose, and hence they are widely accepted by travel and recreational enthusiasts across the globe for a wide range of purposes. In addition, there has been a remarkable growth in the sales of pocket tools as they are considerably compact in size and hence require much lesser space. These factors drive the growth of the segment.
By distribution channel, the survival tools industry can be segmented into online stores, supermarkets, specialty stores, and others.
Based on application, the market is bifurcated into camping, hunting & fishing, hiking, and others. The hiking segment held the largest market share in 2021 and is further projected to grow exponentially at a promising CAGR during the forecast period.
The growth of this segment is mainly attributed to the increase in popularity and inclination towards recreational and outdoor activities among people across the globe as it massively helps in achieving peace of mind and also provides immense physical fitness perks. Thus, there has been a sharp surge in the participant rates in hiking among people to unwind from the busy, monotonous, and hectic lifestyle of people. These factors drive the growth of the segment during the forecast period.
The global Survival Tools market is segmented as follows:
By Product type
- Pocket tools
- First Aid Kit
- Compass
- Others
By Application
- Hiking
- Hunting & Fishing
- Camping
- Others
By Distribution Channel
- Specialty Store
- Supermarket/Hypermarket
- Online store
- Others
Browse the full “Survival Tools Market By Product Type (Pocket Tools, First Aid Kit, and Compass), By Application (Hiking, Hunting & Fishing, and Camping), By Distribution Channel (Specialty Store, Supermarket/Hypermarket, and Online Store), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2030.”- Report at https://www.zionmarketresearch.com/report/survival-tools-market
Competitive Landscape
Some of the main competitors dominating the global Survival Tools market include -
- UST Brands
- Surefire LLC
- SOG Specialty Knives & Tools
- Leatherman Tool Group
- Wild and Wolf Inc.
- Frasers Group
- Honeywell International Inc.
- Survival Light Products INC
- Uncharted Supply Company
- Sharpal Inc.
- Tender Corporation
- Johnson & Johnson
- Fiskars Group
- Fenix Outdoors International AG
- Exxel Outdoors LLC
- Coleman Company Inc.
Key Insights from Primary Research:
- According to the analysis shared by our research forecaster, the Survival Tools market is likely to expand at a CAGR of around 7.4% during the forecast period (2023-2030).
- In terms of revenue, the Survival Tools market size was valued at around US$ 1159.5 million in 2022 and is projected to reach US$ 2460.6 million by 2030.
- There is an exponential spike in the number of people going for adventurous activities like hiking, rock climbing, and others with family every year. The increase in number can also be attributed to technological developments, improved facilities, convenience, and affordability. However, such constantly growing numbers are contributing towards the growth of the global survival tools market significantly.
- Based on product type, the pocket tools segment held the largest market share in 2021 and is further predicted to grow rapidly at a significant CAGR of 6.5% during the forecast period.
- Based on application, the hiking segment held the largest market share in 2021 and is further projected to grow exponentially at a promising CAGR during the forecast period.
- Based on the distribution channel, the specialty store segment held the largest market share in 2021.
- Based on region, the North American region held the largest market share in 2021.
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Key questions answered in this report:
- What is the market size and growth rate forecast for Survival Tools industry?
- What are the main driving factors propelling the Survival Tools Market forward?
- What are the leading companies in the Survival Tools Industry?
- What segments does the Survival Tools Market cover?
- How can I receive a free copy of the Survival Tools Market sample report and company profiles?
Key Offerings:
- Market Size & Forecast by Revenue | 2023−2030
- Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
- Market Segmentation – A detailed analysis By Product type, By Application, By Distribution Channel, and By Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Regional Analysis:
Based on region, the North American region held the dominating market share in 2021 and is further anticipated to grow rapidly at a significant CAGR during the forecast period. The major reason for the growth of the market in this region is the increase in the number of recreational enthusiasts and increased awareness about the benefits of outdoor activities among people in this region. Besides, the prevalence of initiatives from the government toward the adoption of survival tools among people in this region is expected to drive the growth of the survival tools market during the forecast period.
By Region
- North America
- U.S.
- Canada
- Rest of North America
- Europe
- France
- UK
- Spain
- Germany
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Rest of Asia Pacific
- The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Latin America
- Brazil
- Argentina
- Rest of Latin America
Global Survival Tools Market: Opportunities
Survival gears with automatic technologies may expand the global market.
The manufacturers are ramping up their research and development efforts in order to provide more cutting-edge and original tools that may assist consumers in a variety of tasks. The latest survival gear is outfitted with automated technology, such as the internet of things, so that it may incorporate a variety of cutting-edge new functions. As a result of this, the introduction of such cutting-edge technology is projected to generate a significant number of prospects for business expansion in the survival tools sector in the years to come.
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FREQUENTLY ASKED QUESTIONS
- Which key factors will influence survival tools market growth over 2022-2030?
The global survival tools market is expected to spur significantly from $1159.5 million in 2021 to $2460.6 million in 2030. The market is likely to rise with a healthy annual compound rate of 7.4% during the forecast period.
- What will be the value of the survival tools market during 2022-2030?
There is an exponential spike in the number of people going for adventurous activities like hiking, rock climbing, and others with family every year. The increase in number can also be attributed to technological developments, improved facilities, convenience, and affordability.
- Which are the key major players in survival tools market growth?
Some of the significant players in the global survival tools market include UST Brands, Surefire, LLC, SOG Specialty Knives & Tools, Leatherman Tool Group, Wild and Wolf Inc., Frasers Group, Honeywell International Inc., Survival Light Products INC, Uncharted Supply Company, Sharpal Inc., Tender Corporation, Johnson & Johnson, Fiskars Group, Fenix Outdoors International AG, Exxel Outdoors, LLC, and Coleman Company, Inc.
- Which region will contribute notably towards the survival tools market value?
North America accounts for the largest share in the global survival tools market due to the presence of a strong customer base in the region. Furthermore, the increasing number of recreational enthusiasts and the presence of prominent companies offering paid vacations to employees are likely to accentuate the growth of the regional market.
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Survival tools are essential items and equipment that people use to increase their chances of survival during emergency situations, such as natural disasters, wilderness expeditions, and other extreme situations. These tools can range from simple items such as knives and flashlights to more advanced equipment such as water filtration systems and emergency shelters.
The survival tools industry is a rapidly growing market as more people are becoming interested in emergency preparedness and outdoor activities. The demand for survival tools has increased due to the rise in natural disasters, geopolitical instability, and a growing interest in outdoor activities such as hiking, camping, and backpacking.
According to recent market research, the global survival tools market size in terms of revenue was valued at USD 1159.5 million in 2022. The market is expected to continue to grow over the forecast period from 2023 to 2030, with a compound annual growth rate (CAGR) of approximately 7.4%. It is predicted that the survival tools market will surpass the USD 2460.6 million mark by 2030. The increasing demand for survival tools is driving innovation and growth in the industry, with new products and technologies being developed to meet the needs of consumers.
