text: 16-Feb-2023 | Zion Market Research
  The global survival tools market size 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 CAGR of 7.4% during the forecast period.
  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.
  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.
  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.
  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.
  This review is based on a report by Zion Market Research, 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.”- Report at https://www.zionmarketresearch.com/report/survival-tools-market
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