3% CAGR in the water sports equipment market


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NEW YORK, 23 December 2021 / PRNewswire / – North America and Europe There was a strong demand for water sports equipment and equipment, and APAC has seen an increase in sales of these equipment due to the growing popularity of water sports in the region.

Attractive Opportunities in Water Sports Equipment Market by Product, Distribution Channel, Type and Geography – Forecast and Analysis 2021-2025

The market is also growing in the countries of the Middle East and Central America with an increase in the popularity of adventure and water sports.

Key Water sports equipment market Highlights of the report:

  1. Market growth 2020-2025: $ 4.39 billion

  2. Growth dynamics and CAGR: Accelerate to a CAGR of around 3%

  3. YoY growth (%): 1.66%

  4. Efficient contribution to the market: North America at 44%

  5. Main consumer countries: United States, United Kingdom, France, China, Canada

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Regional market analysis

North America will register the highest growth rate of 44% among other regions. Hence, the water sports equipment market in North America is expected to generate significant business opportunities for suppliers during the forecast period. The United States and Canada are the key markets for the water sports equipment market in North America.

  • The participation rate in water sports is the highest among millennials and is around 20%. Generation Y is followed by Generation Z, with an average participation rate of around 29%. Popular water sports in the area are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, water polo, stand-up paddleboarding, surfing, skiing nautical and wakeboarding.

  • The water sports equipment market will also increase due to the increasing relaxation of foreclosure regulations and the opening of sports clubs, water sports events and the like. This will drive the need for water sports equipment and accessories, which will simultaneously boost the market during the forecast period.

For more information on the regional market: Request a free sample report.

Key Suppliers and Supplier Strategies

adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc., among others, are some of the major suppliers of the Water sports equipment market.

  • The business segments of adidas AG include footwear, clothing and hardware. The company offers women’s swimwear, men’s briefs, goggles and others.

  • Arena SPA offers swimwear, equipment, sportswear and more for women, men, girls and boys. The company also offers running swimsuits, training swimsuits, fitness swimsuits, beach wear, eyewear, caps and others.

  • Baden Sports Inc. offers water polo sports equipment which has always been used by sports champions.

Download our free sample report to have a brief understanding of the various other vendors and vendor strategies.

Main market drivers

Our analysts have described in detail the insights into key market drivers and their impact on the Water Sports Equipment market.

Know some other market drivers, trends and challenges.

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Scope of the water sports equipment market

Cover of the report

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth dynamics and CAGR

Accelerate to a 3% CAGR

Market growth 2021-2025

$ 4.39 billion

Market structure

Fragmented

Annual growth (%)

1.66

Regional analysis

North America, Europe, APAC, South America and MEA

Efficient contribution to the market

North America at 44%

Main consumer countries

United States, United Kingdom, China, France and Canada

Competitive landscape

Leading companies, competitive strategies, reach of consumer engagement

Profiled companies

adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,

Customization

If our report didn’t include the data you’re looking for, you can reach out to our analysts and customize the segments.

About Us

Technavio is one of the world’s leading technology research and consulting companies. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library includes over 17,000 and more reports, spanning 800 technologies, spanning 50 countries. Their customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s comprehensive coverage, in-depth research and actionable market intelligence to identify opportunities in existing markets. and potentials and assess their competitive positions in changing market scenarios.

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Website: www.technavio.com/

Technavio (PRNewsfoto / Technavio)

Technavio (PRNewsfoto / Technavio)

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