openPR Logo
Press release

Kayak Market to expand at a CAGR of 3.0% by 2017 to 2026

09-11-2018 09:28 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Kayak Market to expand at a CAGR of 3.0% by 2017 to 2026

According to a new research study of Fact.MR, the global kayak market will exhibit a moderate rise during the forecast period, 2017 to 2026.

Top-Notch Fishing Kayaks offered by Manufacturers to Influence the Market Expansion

With the season of water sports being in close proximity of enthusiasts, kayak sales are witnessing a significant surge across the globe. Fishing kayaks account for majority of the sales. Several manufacturers view fishing kayaks as a lucrative opportunity with the existence of uncharted territory in the kayak market, as compared to the stand-up paddling that has become a saturated market. Established kayak manufacturers are currently offering top-notch fishing kayak models, thereby driving sales of the category. Several groups of individuals have sought fun, accessibility, and mobility in kayak fishing.

Request Report Sample @ https://www.factmr.com/connectus/sample?flag=S&rep_id=530

Kayaking is an environment-friendly sport, which is human powered for the outdoor enthusiasts who crave natural experiences. Sales of accessories and necessities that go along with the sport have also witnessed a robust growth, meanwhile demonstrating the impacts that sales of kayak have on relevant categories. Estimations imply generational factors will rev up kayak sales, as more & more Baby Boomers, who favor human-powered recreation and tend to be active outdoor enthusiasts, retire and seek soft adventures to leverage their leisure time. In a bid to escalate revenue amassed from the tourism industry, several governments around the world are encouraging growth of the water sports industry through implementation of promotional campaigns coupled with the recruitment of tour operators. Such promotional initiatives will further propel participation in kayaking, thereby boosting sales of kayak.

5 Key Projections on Future of Kayak Market for the Forecast Period 2017-2026

North America is set to record the fastest kayak sales expansion through 2026, trailed by Asia-Pacific excluding Japan. Revenues from kayak sales in North America will account for bulk share of the market during 2017 to 2026.
Revenues from kayak sales in Europe and APEJ are also anticipated to remain significant. In contrast, revenues from kayak sales in Middle-East & Africa and Latin America will continue to be sluggish.
Recreational kayak are expected to remain dominant among products in the global kayak market. Approximately half revenue share of the market is projected to be held by recreational kayak during the forecast period.
Touring kayaks are also expected to endure as popular product in the market, with sales poised to exceed revenues worth US$ 160 Mn by 2026-end. Racing kayaks, on the other hand, will continue to remain the least lucrative product in the market.
In terms of revenues, sports variety stores are set to spearhead the global kayak market on the basis of sales channels, followed by modern trade channels and third party online channel. Direct to customer online channel will account for the smallest market revenue share during 2017 to 2026.

Manufacturers and retailers, who concentrate less on sales expansion and more on engaging with enthusiasts through their experiences, are likely to realize most success in the market. Nature of the global market for kayak is competitive, particularly across the developed markets. Technological upgradation being made in kayaks along with the prevailing competition will have a positive influence on expansion of the market.

View Full Report @ https://www.factmr.com/report/530/kayak-market

Product distinction and differentiation in service offerings with the aid of unique & clear value proposition are imperative for the market players for gaining a competitive edge. Key players profiled in Fact.MR’s report include Folding Kayaks UK, TRAK Kayaks, ORU KAYAK, Nautiraid, Long Haul Kayaks, BIC Sport, MOOVING SARL, Klepper Faltbootwerft, Clear Blue Hawaii, Aqua Xtreme, AIRE, and Advanced Elements.

About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.

United States

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Kayak Market to expand at a CAGR of 3.0% by 2017 to 2026 here

News-ID: 1232108 • Views: 411

More Releases from Fact.MR

Isocyanates Manufacturers Leveraging Advancements and Modernization in the Adhes …
The recently published report by Fact.MR regarding the global isocyanates market includes product classification and current synopsis along with product upgrades and innovations. Increasing demand from the building and automotive industries is increasing the polyurethane consumption in numerous consumer and industrial applications. Moreover, the thriving pharmaceutical industries, and isocyanates advantageous characteristics are the primary drivers for development in the worldwide isocyanate market. Burgeoning isocyanate acceptance for use in newer vertical
Increasing Commuter Preference for Shared Taxi Will Boost the Demand for Minibus …
Global value for the minibus market reached ~ US$ 8.3 Bn in 2018, as disclosed by the new research study by Fact.MR. According to the report, the minibus market is predicted to grow by CAGR of ~3.7% in the forecast period, primarily influenced by prominent players investing in manufacturing operations in the global minibus market landscape. According to the research, an increasing center of attention on new developments and the demand
Ergonomic Designs of Furniture and a Favourable Policy Framework for Newer Entra …
The global office furniture market is expected to create ~ US$ 22 Billion worth of incremental opportunity over the forecast period. Since the last two decades, the number of small, micro, and medium-sized enterprises has increased drastically in developed and developing countries. Moreover, constant provision from private investments and governments is fueling the growth of the private sector, which is further propelling the office furniture market growth to a great
Cyclopentane Market Statistics Based on Upcoming Chemical Industry Trends and Su …
The adoption of cyclopentane in commercial refrigerators has opened up new opportunities for the global cyclopentane market. Cyclopentane is popularly used as a foam blowing agent for polyurethane foams that are used to insulate freezers and refrigerators. The commercial refrigerator sector is experiencing a healthy growth across the globe, with Asia pacific region as the fastest growing region. The importance of commercial refrigerators is also increasing due to fluctuating climatic

All 5 Releases


More Releases for Kayak

'North America Records The Fastest Kayak Sales Expansion By 2026-end', Discloses …
With water sport season drawing near, sales of kayaks have revved up worldwide. Swift activities are being undertaken related to construction of artificial waterbodies, so as to enable sports enthusiasts in pursuing kayaking. With indoor adventure sports gaining enormous popularity, enthusiasts are able to participate in the sport although staying far away from relevant water bodies. Awareness about fitness & health has been rapidly surging among the common public, encouraging
Fishing Kayak Market 2018 Analysis and Growth by Top Key Manufacturers | Hobie, …
QY Research Groups has discharged a most recent report in view of exhaustive research on Fishing Kayak market. This top to bottom report talks about this current industry's market in types of review/definition, application, order, expectations relating quality and volume, and future forecasts. It likewise noticeably qualities the present circumstance and viewpoints with modern and monetary perspective. Besides, it contains current occasions, most recent market patterns, schematic portrayal of the
Fishing Kayak Market 2018 Analysis and Growth by Top Key Manufacturers | Hobie, …
QY Research Groups has discharged a most recent report in view of exhaustive research on Fishing Kayak market. This top to bottom report talks about this current industry's market in types of review/definition, application, order, expectations relating quality and volume, and future forecasts. It likewise noticeably qualities the present circumstance and viewpoints with modern and monetary perspective. Besides, it contains current occasions, most recent market patterns, schematic portrayal of the
Global Kayak Market Forecast, Trend Analysis & Competition Assessment by 2026
Recently, a novel report developed using proven research methodologies at the headquarters of Fact. MR has identified various prominent factors and trends prompting market growth of Kayak Market. The study is titled as “Kayak Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2022”, which deeply analyses the global market trends, with historical data from 2016 and 2017, and projections of compound annual growth rates (CAGRs) during the
03-27-2018 | Sports
Fact.MR
5 Key Research Findings from Fact.MR’s Report on Kayak Market for Forecast Per …
With the season of water sports being in close proximity of enthusiasts, kayak sales are witnessing a significant surge across the globe. Fishing kayaks account for majority of the sales. Several manufacturers view fishing kayaks as a lucrative opportunity with the existence of uncharted territory in the kayak market, as compared to the stand-up paddling that has become a saturated market. Established kayak manufacturers are currently offering top-notch fishing kayak
Global Canoe-Kayak Accessories Market Research Report 2017
Summary This report studies Canoe-Kayak Accessories in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top manufacturers in global market, with capacity, production, price, revenue and market share for each manufacturer, covering North Water HIKO sport Aquadesign Peakuk PSP Marine Tapes Advanced Elements RTM Kayaks Klepper Aire Aquarius Get Sample Report @ http://www.reportbazzar.com/request-sample/?pid=788294&ptitle=Global+Canoe-Kayak+Accessories+Market+Research+Report+2017&req=Sample Market Segment by Regions, this report splits Global into several key Regions, with production, consumption, revenue, market share and growth rate of Canoe-Kayak