Global Water Sports Equipment Market Outlook to 2022: Ken Research

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The report titled “Global Water Sports Equipment Market Outlook to 2022 – By Major Water Sports (Surfing, Scuba Diving, Jet Skiing, Snorkeling, Kite boarding, Canoeing and Kayaking, Rafting and Parasailing), By Regions (Americas, Europe, APAC and MEA)” provides an extensive analysis of global water sports equipment market. The report covers market size on the basis of consumer expenditure, value chain analysis and market segmentation by major water sports (surfing, scuba diving, jet skiing, snorkeling, kite boarding, canoeing and kayaking, rafting and parasailing), by regions (Americas, Europe, APAC and MEA), by countries (US, Canada, Australia, New Zealand, brazil, UK and others), by gender (male and female) and by age (18-30 years, 31-50 years, under 18 years and above 50 years). The report also includes the snapshot of surfing, scuba diving, jet skiing, snorkeling, kite boarding, canoeing and kayaking, rafting and parasailing equipment markets in great detailing depicting market size, market segmentation, market share, company profiles of major players and future market analysis for each sport. The report provides detailed overview on the geographical presence, distribution channels, best selling equipments, consumer preferences, country dominance, strength & weaknesses and government regulation pertaining at individual sport-equipment market and for the global market. Company profiles on Quiksilver, O’NEILL, Aqua Lung International, Johnson Outdoors, SEA-DOO, Dongguan Eyson Lifesaving Equipment, Seavenger, Tabata Co. Ltd, Cabrinha, Naish International, BIC Sport and various other prominent players have been covered extensively.

The report facilitate the reader with the identification and in-depth analysis of the existing & future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics. The report is useful for water sports equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.

Global Water Sports Equipment Market Infographic

Global Water Sports Equipments Market Overview

The global water sports equipment market has showcased a substantial growth during the review period 2012-2017 at a CAGR close to 5% in terms of consumer expenditure. The market growth was supported by the factors like increasing number of water sport facilities, technological advancements in the products manufactured and growing interest among people for recreational activities and soft adventure sports. In various countries, several initiatives are being undertaken to promote the growth and expansion of water-sports facilities in order to advance water-sports infrastructure. For instance, countries such as UK, France and Germany in Europe have been increasingly coming up with initiatives that are aimed at strengthening the water sports industry. On a whole, the global consumer expenditure incurred on water sports equipments has expanded significantly by the end of 2017.

Market Segmentation

By Major Water Sports: In terms of consumer expenditure, the market was dominated by the sale of surfing equipments. Major factors that have driven growth in the surfing equipment market are the increasing interest among people in surfing as a lifestyle sport, easy access to the sport through surf-park and pools, natural and artificial. Surfing equipment segment has been followed by scuba diving equipments, Jet skiing, snorkeling, kite boarding, canoeing & kayaking, rafting and parasailing equipment markets respectively.

By Region: Americas accounted for the largest share in 2017. Water sports activities are a part of the lifestyle in this region, especially in the US. The US represents the largest contributor to the market revenue from this region followed by Canada, Brazil, Argentina, Mexico and Colombia. Europe accounted for the second largest share in the global water sports equipment market in 2017. The presence of large number of outdoor sports enthusiasts and water sporting sites across Europe make it the second-largest revenue contributor to the global water sports equipment market. APAC is one of the fastest-growing regions in 2017. Middle East and Africa accounted for the lowest share in the market.

By Countries: In the year 2017, US accounted for the major share in the global water sports equipment market in terms of consumer expenditure. The country has a presence of large number of water sports facilities and water sports enthusiasts which has primarily supplemented market growth. Water sports equipment market is at a growing stage in the country. US has been followed by Canada, Australia and New Zealand, Brazil, UK and rest of the world in 2017 respectively.  Countries such as India, Japan, Brazil, Thailand, UAE, South Africa, China, Singapore, Scotland, Italy and others are in their emerging market stages.

By Gender:     The global water sports equipment market was dominated by the participation from the male segment in 2017. Female participants have contributed a significant yet lower share in the global water sports equipment market however; their participation rate has been anticipated to rise with increase in water-sports popularity and health-benefits.

By Age: The contribution to the water sports equipment market by age depends on the participation rates and the purchase of equipments by each age group. The global water sports equipment market is dominated by the people aged between 18 years and 30 years followed by age group between 31-50 years, under 18 years held a third highest percentage and above 50 years group has accounted for the lowest share in 2017.

Global Water Sports Equipment Market Snapshots

Snapshot of Global Surfing Equipment Market

Global surfing equipment market has been experiencing a strong evolution driven by sustained efforts of surfing equipment manufacturers, distributors and the associations and institutions putting greater efforts in making the sport more accessible to the people. The market showcased a moderate growth at a CAGR of close to 4% in terms of consumer expenditure. The market growth was largely supported by the factors such as rising interest in the sport as a leisure and sporting activity, easy accessibility to the sport through surf parks and surf pools and technological innovations that are highly focused on developing sophisticated surf-wear and surf-gear. The market is highly fragmented with more than 90 major and niche players. Some of the leading players in the space include Quiksilver, Billabong, Hurley, O’Neill and many others.

Snapshot of Global Scuba Diving Equipment Market

The global scuba diving equipment market, supported by various micro and macro influencing factors, has managed to display a moderate growth at a CAGR of close to 2%. The factors that have supported the market growth during the review period consisted of the rising demand for underwater photography, rising number of tourists both domestic and international worldwide, rising interests among the people for recreational water sports activities and healthy lifestyle and others. It was observed that during the period the increased rate of underwater attractions have raised people’s interest in underwater photography. The market grew from USD 2.5 billion in 2012 to USD 2.8 billion in 2017. Global scuba diving equipment market is highly fragmented with the presence of big and medium sized players. Some of the leading players in the market are Aqua Lung International, Johnson Outdoors and Sherwood Scuba.

Snapshot of Global Jet Ski Equipment Market

The review period 2012-2017 has been a period of consistent growth for the jet skiing equipment market. During this period the market displayed a growth at a CAGR of close to 10% and it accounted for a share of 19% in the global water sports equipment market. For a water sports equipment market a growth can be contributed by a strong presence of different demographics, technological advancements made by the players in the market, replacement rates of the equipments, popularity of the sport, increasing participation and similar other factors. The competition in the Jet Ski equipment market is highly fragmented with the presence of multiple players. Some of the major players in the market include Dongguan Eyson Lifesaving Equipment, O’Brien, Jettribe, Kawasaki Motors, Sea-Doo, Yamaha Motors and others.

Snapshot of Global Snorkeling Equipment Market

The review period 2012-2017 has witnessed a moderate growth at a CAGR of 4.5%. Growth in the market can be attributed to the supportive trends visible in the market such as technology innovations, rising popularity of the sport, spreading awareness on the health benefits of snorkeling and others. During this period the soft adventure sporting goods market, especially snorkeling, held a great market space globally. Such a position was driven by the growing interest of consumers in outdoor recreational activities, availability of a wide range of snorkeling equipment, and the availability of a wide range of products on the online retail format. Moreover, a gradual income in the income of the population in the country which is ranked topmost in water sports equipment market has also attracted more consumer expenditure to the market. The global snorkeling equipment market highly fragmented with the presence of mid-sized and big players. Some of the leading players in the market include Seavenger, Tabata, Aqua Lung International, Cressi Sub and others.

Snapshot of Global Kite boarding Equipment Market

The kite boarding equipment market has showcased a consistent growth trend during the review period 2012-2017. The market grew at a CAGR of close to 6% over the last five year period. Since, kite boarding is one of the most extreme and fastest growing sports in the world the associated equipment market also grew at fast rate. People aged between 16 and 34 years are the major participant of the sport. Some of the major factors that have supported growth in the market are growing popularity and adoption of the sport as a recreational activity, rising number of water sports facilities across the globe, an increased demand for eco-friendly kite boarding equipments, growing investment on associate infrastructure and others. Competition in the global Kite boarding equipment market is highly competitive with the presence of several key players in the market. Some of the major players in the market include Best Kite boarding, Cabrinha, Naish International, North Kite boarding and F-ONE.

Snapshot of Global Canoeing and Kayaking Equipment Market

The global canoeing and kayaking equipment market displayed a consistent increase in the consumer expenditure. However, the growth rate in the market has declined over the years. The market grew at a CAGR of close to 6% over the review period of 2012-2017. Growth in the market was supported by the factors such as an increasing interest towards water sports activities in the developing countries especially in Europe and APAC regions. Moreover, an increase in the awareness of a healthy lifestyle through water sports activities and growing number of water sports enthusiasts are the major factors boosting the water sports equipment market in the Americas. The global canoeing and kayaking equipment market is moderately competitive with the presence of large and mid-sized players in the well-established western markets. The major players in the market include BIC sport, AIRE, HYSIDE, NRS, SOTAR and others.

Snapshot of Global Rafting Equipment Market

During the review period 2012-2017, the market displayed a stable and steady growth at an annual average growth rate of close to 3%. The growth was supported by factors such as growing awareness of a healthy lifestyle, rising popularity of rafting, growing interest of people in soft adventure sports and others. During this period, an increased emphasis on water sports by various government bodies, especially tourism boards were visible especially in the leading markets like Americas and Europe. The global rafting equipment market is highly competitive with the presence of players in well-established markets like Americas and Europe.

Major players in the market include Wing Inflatable’s, AIRE, HYSIDE Inflatables, Maravia, NRS, Sotar and others.

Snapshot of Global Parasailing Equipment Market

The parasailing equipment market grew at a CAGR of close to 7% during the review period 2012-2017. The factors that has influenced growth during the period includes high replacement rate of the parasailing equipments, technological advancements in equipments, increasing interest in adventure activities for stress relief and others. The leading players in the space include custom chutes, Waterbird Parasails, Sportlite, Ascending Parachutes International and others.

Future Market Analysis and Projections

Global water sports equipment market is expected to experience substantial growth at a CAGR of close to 7% during the forecast period 2018-2022 which shall be over and above the growth experienced during the review period. Some of the major factors that would support growth include rising interest among the people for water sports activities, technological advancements carried out by the players in the market, increasing participation rates especially of women, changing demographics and others. Growth of various sports equipment markets such as Surfing, Scuba Diving, Jet skiing, Snorkeling, Kiteboarding, Canoeing and Kayaking, Rafting & Parasailing especially in regions of America & APAC would propel growth.

Key Topics Covered in the Report:

Comparative Analysis of Major Countries in Global Water Sports Equipment Market

Value Chain Analysis of the Global Water Sports Equipment Market

Global Water Sports Equipment Market Size

Global Water Sports Equipment Market Segmentation

Government Regulations in the Global Water Sports Equipment Market

Snapshot on Global Surfing Equipment Market

Snapshot on Global Scuba Diving Equipment Market

Snapshot on Global Jet Skiing Equipment Market

Snapshot on Global Snorkeling Equipment Market

Snapshot on Global Kite boarding Equipment Market

Snapshot on Global Canoeing and Kayaking Equipment Market

Snapshot on Global Rafting Equipment Market

Snapshot on Global Parasailing Equipment Market

Trade Scenario in Global Water Sports Equipment Market

Drivers of Growth in the Global Water Sports Equipment Market

Challenges in the Global Water Sports Equipment Market

SWOT Analysis for Global Water Sports Equipment Market

Government Regulations in the Global Water Sports Equipment

Competitive Landscape of Major Retailers in the Global Water Sports Equipment Market

Future Outlook and Projections of the Global Water Sports Equipment Market

Analyst Recommendation of the Global Water Sports Equipment Market

Macroeconomic Factors affecting the Global Water Sports Equipment Market

For more information on the research report, refer to below link:

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/global-water-sports-equipment-market/149592-95.html

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https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/global-snorkeling-equipment-market/149546-95.html

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