Surface water sports equipment market size is expected to register growth of USD 11.21 billion, with increasing participation in surface water sports activities becoming a key trend

NEW YORK, October 10, 2022 /PRNewswire/ — One of the major trends in the surface water sports equipment market includes the increase participation in surface water sport activities. The growing participation in various water sports activities has also resulted in an increase in the number of water sports tournaments across the globe, further propelling the growth of the market. Across the various sport categories tracked by the Sports and Fitness Industry Association (SFIA), water sports saw the largest year-over-year increase in participation at 2.3% in 2022 compared to 2021. , the growing participation in water sports will drive the growth of the market over the forecast period. The Global Surface Water Sports Equipment Market Size is Expected to Grow by $11.21 at a CAGR of 7.31% between 2021 and 2026, according to Technavio’s latest market report. Get a comprehensive summary of the report outlining the market size and forecast along with the research methodology Download a free sample report.

Technavio has announced its latest market research report titled Global Surface Water Sports Equipment Market 2022-2026

Surface Water Sports Equipment Market: Vendor Landscape

The surface water sports equipment market is fragmented due to the presence of numerous global, regional and local suppliers. Suppliers deploy growth strategies such as brand, workforce, quality, and innovation to compete in the market. They also focus on creating new products as well as establishing their brands and brand image.

Surface Water Sports Equipment Market: Key Vendor Supply

  • Climbing Inc. – The company offers surface water sports equipment such as trampolines, floats, slides, toboggans, stand-up paddle boards and towable buoys.

  • Imagine Nation Sports LLC – The company offers surface water sports equipment such as hard paddle boards, inflatable paddle boards and paddles.

  • Kent Water Sports LLC – The company offers surface water sports equipment under brands such as Kona, Bote, Freedom Foil, Aqua glide and Margaritaville.

  • KJK Sports – The company offers surface water sports equipment such as stand-up paddle flip-flops, safe flip-flops, wing flip-flops, windsurf flip-flops, kayak flip-flops, open skiff flip-flops and dinghies.

  • Naish International – The company offers surface water sports equipment such as Wing Surfer LE, Wing Surfer MK4 and Matador.

Surface Water Sports Equipment Market: Major Segmentation

The surface water sports equipment market has been segmented into product (apparel and others), type (surfing, boarding, sailing, skiing and others) and geography (North America, EuropeACPA, South Americaand Middle East and Africa). By product, the clothes will witness maximum growth over the forecast period owing to the growing popularity of sportswear products is expected to drive the growth of this segment as marketers continuously roll out new lines of water sports equipment to meet the needs client. By type, the surfing segment will grow during the forecast period with the establishment of public surfing facilities and artificial reefs, the number of surfers globally has increased. By geography, North America will account for 46% of market growth over the forecast period. Growing interest in recreational sports activities, growing number of foreign and domestic tourists, rapid growth in surfing championships and events, and presence of prominent vendors will facilitate the growth of the surface water sports equipment market in North America over the forecast period. To better understand the factors impacting market growth Download a free sample report.

Surface Water Sports Equipment Market: Key Growth Drivers

One of the major drivers for the growth of the surface water sports equipment market is the growing number of water sports facilities across the world. Water Sports Industry (FAWI) project, which aims to improve the facilities of the water sports industry. The project aims to professionalize and economically strengthen the water sports industry through sustainable development, upgrades, quality improvements and cross-border collaborations in the water sports segment. The growing number of water sports facilities in various countries around the world will drive the growth of the market over the forecast period.

Reasons for Buying Surface Water Sports Equipment Market Report:

  • Market CAGR over the forecast period 2022-2026

  • Detailed information on the factors that will contribute to the growth of the surface water sports equipment market over the next five years

  • Estimation of the surface water sports equipment market size and its contribution to the parent market

  • Predictions on upcoming trends and changes in consumer behavior

  • The growth of the surface water sports equipment market through North America, EuropeACPA, South Americaand Middle East and Africa

  • Market Competitive Landscape Analysis and Detailed Vendor Information

  • Comprehensive details of factors that will challenge the growth of the Surface Water Sports Equipment Market vendors

Related reports:

Surface Water Sports Equipment Market Scope

Report cover

Details

Page number

120

base year

2021

Forecast period

2022-2026

Growth momentum and CAGR

Accelerate at a CAGR of 7.31%

Market Growth 2022-2026

$11.21 billion

Market structure

Fragmented

Annual growth (%)

6.52

Regional analysis

North America, Europe, APAC, South America, Middle East and Africa

Successful market contribution

North America at 46%

Main consumer countries

United States, Mexico, Australia, France and Italy

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Absolute Outdoor Inc., AIRE Inc., Belassi GmbH, Blue Sea Watersports, BomBoard LLC, Escalade Inc., Imagine Nation Sports LLC, Johnson Outdoors Inc., Kent Water Sports LLC, KJK Sports, Magnus Amusement Machines Pvt. Ltd., Marine Products Corp., Miami Nautique International, Naish International, North Technology Group LLC, Oriental Recreational Products Shanghai Co. Ltd., Starboard Co. Ltd., Sunny Water Sports Products Pvt. Ltd., SURFTECH LLC, Vanguard Inflatables and Wing Group

Market dynamics

Parent market analysis, market growth drivers and barriers, analysis of fast and slow growing segments, impact of COVID-19 and future consumer dynamics, and analysis of market conditions for the forecast period.

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

1. Summary

2 Market landscape

3 Market sizing

4 Five forces analysis

5 Market Segmentation by Product

6 Market Segmentation by Type

7 Customer Landscape

8 Geographic landscape

9 drivers, challenges and trends

10 Supplier Landscape

11 Vendor Analysis

12 Appendix

About Us

Technavio is a global leader in technology research and consulting. 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 reporting library consists of over 17,000 reports and counts, spanning 800 technologies, spanning 50 countries. Their customer base consists of enterprises 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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Global Surface Water Sports Equipment Market 2022-2026

Global Surface Water Sports Equipment Market 2022-2026

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