Press release
Demand For Rafting Has Gained Immense Popularity As A Recreational Activity Which Leads To Increase To Growth Of Rafting Equipment Market
In the past few years, river rafting has gained immense popularity as a recreational activity, which has, in turn, increased the demand for rafting equipment. Rafting has emerged as an adventurous outdoor activity for all age groups across the globe. Despite the thrill of the movement, rafting requires specific equipment to address safety concerns such as an inflatable boat, life jackets, helmets, paddles, drysuits, and wetsuits and throws bags. According to CNN, around 530 people have died while rafting between 2007 and 2017. These facts further voice the safety concerns and the need for awareness towards the use of rafting equipment during the activity.
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Global Rafting Equipment Market: Segmentation
Global Rafting Equipment Market Segmentation according to product type:
Inflatable boats
Urethane
Hypalon
Lexatron
PVC
Life Jackets
Helmets
Rafting Paddles
Aluminum Paddles
Carbon Paddles
Wetsuit
Drysuit
Rescue Throw Bags
Global Rafting Equipment Market Segmentation according to sales channel:
Online Retail or E-commerce
Sporting goods retail
Supermarkets or departmental stores
Rafting Equipment Market Segmentation by region:
North America
Latin America
Europe
Japan
APEJ
MEA
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Global Rafting Equipment Market Dynamics
The key factors driving the demand for water sports and rafting equipment market are the focus of government bodies in cross-border collaboration, sustainable development, and quality improvements. Many regional governing bodies have also started promoting water sports, such as rafting, to generate revenue from the tourism industry across the globe. The change in lifestyle of people and their expenditure in recreational sporting activities drive the growth of the global market of rafting equipment. The incremental investment of small manufacturers in the rafting equipment market increases the competition across the globe; this drives the dynamics of the market. Growing popularity for rafting and other recreational activities have also promoted the sales of rafting equipment in the global market and will witness growth over the forecast period, 2018-2028. Recognition of the International Rafting Federation is also expected to aid in the expansion of the rafting equipment market.
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Global Rafting Equipment Market: Prominent Players
Some of the prominent players in the rafting equipment market are
SOTAR
Maravia
AIRE
Rave Sports
Aqua Marina
HYSIDE
Vanguards
NRS
Wing Inflatables
some others
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Global Review of Rafting Equipment Market
The participation of tourism boards at a regional and global level in sports led to a rise in recreational sports tournaments which further drives the growth of the rafting equipment market.
The improvement of the e-commerce business and the growing curiosity of people towards recreational activities are the primary driving factors of the rafting equipment market across the globe. The majority of manufacturer and exporter which leads the rafting equipment market is in North America and Europe.
USA and Canada is the largest market for rafting equipment and will continue to dominate in the forecast period, 2018-2028. The global rafting equipment market is competitive due to the presence of many prominent and middle-sized players. The key factor responsible for the growth of the rafting equipment market is the increasing participation of regional players in the global market.
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