Global Rafting Equipment is Expected to Reach USD 515 Million by 2022: Ken Research

Global rafting market by Equipments (Protective Rafting Gear, Rafting Accessories & Inflatable Rafting Boats), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand, by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets, Department Stores & Supermarkets and Others) and by Equipment Price. The report extensively covers competitive landscape of major players including Wing Inflatables, HYSIDE Inflatables, SOTAR, NRS, Maravia and AIRE and analyst recommendation.

• Rafting equipments in the price range of USD 1,500 – USD 3,000 are the highest selling products in the market. Rental shops prefer buying rafts which have a higher capacity of at least four people which costs above USD 6,000.
• The US has been the market leader in terms of manufacturing and consumption demand of rafting equipments worldwide. Major players operating in the region include Wing Inflatables, SOTAR, Maravia, AIRE and HYSIDE Inflatables.

Supported by the growing popularity of the rafting as sport and rising awareness among people regarding the health benefits associated with rafting, the global rafting equipment market is expected grow at a CAGR of close to 2% during the forecast period 2018E-2022E. The presence of large number of water bodies facilitating whitewaters across the world would be prime sites for rafting activities in future. This includes various popular white water river destinations such as Indus, Kullu Manali, Yamuna, ganga, Tons, kameng, Yoshino River, Nagara River, Shiribetsu River, Himekawa River, Una, KUpa, Cetina, Dobra, Mreznica, Zrmanja and others.

The market is expected to be dominated by the regions including Americas & Europe owing to growing participation rates and health concerns. In the recent years, the region is witnessing an increase in the participation rates of paddle sports include paddling, canoeing, kayaking, rafting and stand-up paddle boarding. The rising interest in recreational activities is expected to drive the market forward. Moreover, major manufacturers usually release new products in their niche markets, which usually comprises of countries such as the US, the UK, Germany and others.

With the passage of time, more people have been opting rafting professionally. This has given rise to increase in the number of rafting championships and tournaments. Americas has been a major hotspot for such events. For instance, the US Whitewater Rafting National Championships is the most important rafting competition in the Americas. The United States Rafting Association (USRA) oversees these championships and works in collaboration with the International Rafting Federation. These championships not only help the US at selecting its international competitive team, but have also helped the country develop proper infrastructure to help the growth of the sport.

Hence, these events encourage youngsters to opt for rafting as a profession and would thus, help the market to grow further in the forecast period. Spreading awareness across the regions like Europe and APAC regarding water tourism by the national governments and tourism operators/boards, would lead to an increase in the inbound tourism rates.

These inflating tourism rates shall be a major positive influencing factor for growth in the rafting equipment market. Various countries including Japan, India, Australia, China, and South Africa have excellent whitewater sites. With rise in tourism, rental stores supplying rafting equipments and rafting camps would further mushroom. High cost of the inflatable boats is expected to raise the preference for rentals during the forecast period. The rental stores are expected to gain popularity among the people as they offer additional services like professional advice in choosing the rafts for the customers. This may attract the amateur customers who do not frequently engage in rafting.

Analysts at Ken Research in their latest publication “Global Rafting Equipment Market Outlook to 2022 - by Equipments (Protective Rafting Gear, Rafting Accessories & Inflatable Rafting Boats), by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets, Department Stores & Supermarkets and Others)” has anticipated that owing to the sustained efforts towards better brand & product marketing by rafting equipment manufacturers and rising popularity of rafting as a professional sport in different regions will aid the global rafting equipment market.

For more information on the research report, refer to below link:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/global-rafting-equipment-market/149103-95.html

Related Reports:
https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/us-sports-equipment-industry-research-report/391-95.html
The US sports equipment market has grown at a CAGR of 2.1% in the last 5 years from USD 27,294.0 million in 2006

https://www.kenresearch.ae/consumer-products-and-retail/sporting-equipments/european-golf-industry-research-report/230-95.html
European golf market is developing with increasing number of golfers of all age groups offering opportunities for golf equipment

https://www.kenresearch.com/consumer-products-and-retail/sporting-equipments/india-golf-market-outlook-2020/60303-95.html
Indian Golf Union, PGTI and WGAI are taking enough initiatives to organize more number of professional and amateur tournaments in India.

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

Ken Research Pvt. Ltd.,
Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Ken Research is a Global aggregator and publisher of Market intelligence, equity and economy reports. We provides business intelligence and operational advisory in 300+ verticals underscoring disruptive technologies, emerging business models with precedent analysis and success case studies.

This release was published on openPR.