Certified Global Research Member
Key Questions Answered
- Global Market Outlook
- In-depth analysis of global and regional trends
- Analyze and identify the major players in the market, their market share, key developments, etc.
- To understand the capability of the major players based on products offered, financials, and strategies.
- Identify disrupting products, companies, and trends.
- To identify opportunities in the market.
- Analyze the key challenges in the market.
- Analyze the regional penetration of players, products, and services in the market.
- Comparison of major players’ financial performance.
- Evaluate strategies adopted by major players.
- Recommendations
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
The Survival Tools market, which caters to consumers plus amateurs looking for disaster preparedness as well as adventure tools, utilizes unique market share placement tactics to succeed in an environment of competition. The most prevalent approach is diversifying products through innovations. Businesses that specialize in this field are always striving to provide innovative and adaptable survival tools or equipment. Whether it's a versatile folding blade, an innovative camp burner, or a small but strong torch, creativity is critical to distinguishing items and enticing clients searching for dependable gear in a variety of survival settings. Competitive pricing becomes a further significant factor within competitive positioning with respect to Survival Tools business. Many companies use an expenditure leadership planning, offering inexpensive still durable instruments that are attractive to a larger client base. This kind of approach is aimed at customers with limited funds that favor value and usefulness. Luxury costs, on the other hand, is supported by businesses who portray them as excellent suppliers, stressing durable materials, novel characteristics, and outstanding workmanship. This attracts to buyers that are prepared to spend in high-quality surviving items for increased dependability and endurance in difficult conditions. Advertising and confidence are critical when it comes to Survival Tools market or sector. Strategic advertising, an internet appearance, and ratings from clients all help to increase an item's exposure and popularity. Informative material, such as suggestions for survival along with instructions, boosts a brand's credibility in the industry and builds confidence among clients. Companies frequently use digital platforms for demonstrating the usefulness and dependability of their products, fostering an ecosystem of admirers that publish their viewpoints and suggestions. Developing a solid reputation is critical in a business wherein confidence in the usability of products is paramount. Geographically growing is a technique used by certain firms to improve their standing in the marketplace. Expansion towards new locations enables firms to reach a broad client base with distinct wants and interests. Designing goods for climate conditions and excursions allows marketers to better connect with consumers in the region. Furthermore, worldwide expansion allows organizations to extend their customer contact, lowering reliance on particular areas as well as managing concerns resulting from demand changes. Throughout Survival Tools market or industry, sustainable practices have become popularity as an economic share positioning method. Clients are gradually valuing items that promote mindful consumption. Companies that use ecologically friendly materials, production techniques, and packing help to build a positive perception of the company. The approach additionally attracts to ecologically conscious customers, yet furthermore presents businesses as ethical and innovative in a time in which ecology is a major concern. Furthermore, technological advancement has grown important in determining the market position inside Survival Tools market. Improved substances, including light-weight but strong metals, and technological advances including tracking via GPS within survival tools or gadgets are becoming increasingly popular. Corporations that utilize such advances establish themselves to be creative and responsive to the changing requirements for contemporary outdoor lovers. The approach appeals to technologically savvy customers looking for solutions that offer not just dependability but also ease and greater usefulness. To summarize, success within Survival Tools market necessitates strong revenue positioning tactics. Innovative products, pricing strategy, visibility, regional growth, sustainable practices, and integrating technology all play important factors in determining a company's share of the market. Being able to react to shifting customer tastes and successfully execute these tactics is critical for firms that want to stay apart in the competitive world of survival tools gear including outdoor-related products
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Growth Rate | 7.50% (2023-2032) |
Survival Tools Market Highlights:
Global Survival Tools Market Overview
Survival Tools Market Size was valued at USD 1.4 Billion in 2023. The Survival Tools market Technology is projected to grow from USD 1.5 Billion in 2024 to USD 2.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 7.50% during the forecast period (2024 - 2032). Demand is being driven by an increase in the frequency of natural disasters, a booming adventure tourism sector, and an increase in outdoor recreational activities, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Survival Tools Market Trends
- Increasing prevalence of natural disasters governing demand is driving the market growth
Around the world, severe weather events including cyclones, floods, and earthquakes are growing increasingly frequent. It is essential to have a reliable survival toolkit during such a calamity. According to statistics from Our World in Data, 60,000 people worldwide are affected by natural disasters. In the past ten years, 0.1% of fatalities were caused by natural disasters. The range of the number is between 0.01% and 4%. The two most deadly natural calamities are floods and droughts. However, significant fatalities do happen during earthquakes. Disasters like these have a significant effect on economies with low disposable income. In low- or middle-income nations, many deaths frequently occur when there are insufficient infrastructures to respond to these calamities and protect people. Sales of survival tools are expected to rise during the forecast period as a consequence of increased government spending by various countries to make survival kits and tools more widely available in disaster-prone areas.
People are turning to outdoor leisure activities as a result of the pandemic, especially millennials and Generation Z. to prevent getting stuck in difficult situations in far-off places. The market is in need of efficient and multifunctional survival tool kits that come with utilities, food, and water, as well as portable charging systems and other emergency supplies. The introduction of stringent safety restrictions at tourist attractions, beaches, lakes, rivers, hills, and mountains may also enhance sales of emergency survival kits. Additionally, consumers are participating in outdoor recreational activities including hiking, river rafting, deep-sea diving, and trekking, which is predicted to create growth prospects for the survival equipment market.
The number of people engaging in risky activities with their families, such as hiking, rock climbing, and others, is increasing exponentially every year. The rise in population can also be ascribed to technical advancements, better infrastructure, comfort, and affordability. However, these numbers are greatly boosting the growth of the global market for survival equipment. Going on vacation every year and taking time off work to unwind and spend quality time with family has become popular in modern society. In addition, many businesses now provide paid vacation days in an effort to raise employee morale and promote productivity. People who travel on vacation and on risky adventures need survival items as a safety measure, therefore this environment will have a favourable impact on the trajectory of the global market. Additionally, the frequency of natural disasters has dramatically increased globally in recent years.
The responsible authorities provide educational programmes to inform individuals of the value of survival equipment and how to utilise it safely. It has, nevertheless, become yet another important component driving the expansion of the global industry. Additionally, these devices are utilised in defence for various military missions. Thus, driving the Survival Tools market revenue.
Survival Tools Market Segment Insights
Survival Tools Product Type Insights
The Survival Tools Market segmentation, based on product type, includes pocket tools, first aid kit, compass, and others. Pocket tools segment dominated the global market in 2022. In outdoor recreational activities, the compact pocket-sized equipment are frequently referred to as lifesavers. The recreational enthusiast always carries these useful instruments because of their small size and little storage needs for a variety of uses. In turn, this has fueled the market's expansion in terms of value sales. Nevertheless, it is anticipated that during the market forecast period for survival tools, the others category would experience the quickest growth.
Survival Tools Application Insights
The Survival Tools Market segmentation, based on application, includes hiking, hunting & fishing, camping, and others. Hiking segment dominated the global market in 2022. The increase in popularity of outdoor activities among people all over the world can be attributed to the expansion of the survival equipment market through hiking. Additionally, a busy and demanding lifestyle combined with a growth in leisure enthusiasts selecting outdoor activities like adventure sports and expeditions to rest or break the monotony of their daily lives pave the way for an increase in the number of hikers.
Survival Tools Distribution Channel Insights
The Survival Tools Market segmentation, based on distribution channel, includes specialty store, supermarket/hypermarket, online store, and others. The specialty store segment dominated the Survival Tools Market in 2022. This is because the speciality shop offers top-notch customer service, thorough product descriptions, and knowledgeable advice to consumers so they can choose survival items that suit their needs. However, during the forecast period, online stores are anticipated to experience the highest growth.
Figure 1: Survival Tools Market, by Distribution Channel, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Survival Tools Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Survival Tools Market dominated this market in 2022 (45.80%). This is a result of the region's customers embracing healthier lifestyles in greater numbers, which is driving up the number of recreational enthusiasts. This has in turn increased demand for survival equipment in this area and fueled the expansion of the industry in North America. Further, the U.S. Survival Tools market held the largest market share, and the Canada Survival Tools market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: SURVIVAL TOOLS MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Survival Tools market accounted for the healthy market share in 2022. The use of survival tools and kits at hotels, resorts, and eateries close to bodies of water like lakes, rivers, and mountains is growing, which is driving up market sales. In order to provide travellers with the greatest safety gear, manufacturers are also introducing multipurpose survival kits in collaboration with hotel and resort chains, which may accelerate the growth of the Survival Tools market. Further, the German Survival Tools market held the largest market share, and the U.K Survival Tools market was the fastest growing market in the European region
The Asia Pacific Survival Tools market is expected to register significant growth from 2023 to 2032. Due to the industrial sector's noticeable growth, sectors including oil and gas, energy, and mining are currently suffering high production outputs, expanding workforces, and a lack of security. These industries are susceptible to calamities induced by humans, such as explosions, extended power outages, and fires brought on by technical mistakes. In order to boost sales of survival tools in the upcoming years, this is motivating a focus on workplace safety. Moreover, China’s Survival Tools market held the largest market share, and the Indian Survival Tools market was the fastest growing market in the Asia-Pacific region.
Survival Tools Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Survival Tools market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Survival Tools Industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Survival Tools Industry to benefit clients and increase the market sector. In recent years, the Survival Tools Industry has offered some of the most significant advantages to medicine. Major players in the Survival Tools market, including COLEMAN COMPANY, INC., EXXEL OUTDOORS, LLC, FENIX OUTDOORS INTERNATIONAL AG, FISKARS GROUP, JOHNSON & JOHNSON, LEATHERMAN TOOL GROUP, INC., READY AMERICA, INC., SOG Specialty Knives & Tools, SUREFIRE, LLC, and UST Brands, are attempting to increase market demand by investing in research and development operations.
Manufacturer and marketer of cutting-edge outdoor recreation and industrial equipment is EXXEL OUTDOORS, LLC. For its consumers, the company offers camping gear such sleeping bags, backpacks, hydration packs, running belts, tents and shelters, hunting backpacks, airbeds, and kid carriers. Exxel Outdoors launched its new Exxel Diverse Outdoor Kids programme in August 2020 to expand its social responsibility goal. Exxel collaborated with significant organisations to provide outdoor activities to young people of colour.
For the purpose of automating processes, Gerber Technology offers the global apparel sector technology, software, and related services. In addition to producing automated cutting equipment for flexible materials and pattern making, the company also creates a platform for fashion software that includes tools ranging from production planning software to fashion design software, allowing customers to increase productivity by speeding up design cycles, reducing errors, and increasing material yield. In order to meet the needs of customers, Gerber incorporated its Center-Drive multi-tool to the company's custom shop in November 2022.
Key Companies in the Survival Tools market include
- AFK Furniture
- Amish Furniture Factory
- Benicia Foundry & Iron Works
- Bernhardt Furniture Company
- Charles P. Rogers
- Dhp Furniture
- Inspire Q (Top-Line Furniture)
- The Four Poster Bed Company
- Turnpost
- Yitahome
Survival Tools Industry Developments
August 2021: Trekitt, a leader in outdoor retail in the United Kingdom, was purchased by Frilufts Retail Europe AB, a division of Fenix Outdoor International AG, for € 12 million. Four retail chains under the umbrella of Frilufts, including Globetrotter in Germany, Naturkompaniet in Sweden and Norway, Partioaitta in Finland, and Friluftsland in Denmark, operate in the outdoor retail market.
Survival Tools Market Segmentation
Survival Tools Product Type Outlook
- Pocket Tools
- First Aid Kit
- Compass
- Others
Survival Tools Application Outlook
- Hiking
- Hunting & Fishing
- Camping
- Others
Survival Tools Distribution Channel Outlook
- Specialty Store
- Supermarket/Hypermarket
- Online store
- Others
Survival Tools Regional Outlook
- North America
- US
- Canada
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.
