Portable Kayaks Market Industry Overview, Business Insights, Key Factors & Market Strategies, Forecast to 2028

The global portable kayaks market is anticipated to grow at a CAGR of 2.0% during the forecast period (2022-2028).

It is a small watercraft that is pushed by a double-bladed paddle or more and has a foldable frame that is created from a combination of wood, plastic, and aluminum. The major factor expected to drive the market growth is the increasing popularity of world beach games promoted by the Association of National Olympic Committees and the rising number of water sporting facilities all across the globe. In addition, manufacturers are enhancing their distribution channels to increase sales, especially after the outbreak of the COVID-19 pandemic, and the growing preference for recreational kayaking are some factors that boost the global portable kayaks market growth during the forecast period.

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Additionally, by region, North America is estimated to hold significant share in the global portable kayaks market during the forecast period owing to the hsignificant availability of an extensive range of portable kayaks and rising e-commerce business. Whereas, the Asia Pacific is the second-fastest-growing region during the forecast period owing to the increase in the young population and the rising popularity of water sports and the health benefits of these sports.

Some major players in the market include Advanced Elements, Inc., Aqua Marina, and Klepper Lifestyle GmbH, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in August 2020, Klepper Lifestyle GmbH announced the acquisition of the main assets of Klepper Faltbootwerft AG, along with the respective trademark rights-bearing the name "Klepper." Further, the company added that with this acquisition all employees' and brand rights, as well as the production site in Rosenheim, have also been acquired.

Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Paddler
o By Usage
o By Sales Channel

• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World

• Competitive Landscape- Advanced Elements, Inc., Aqua Marina, and Klepper Lifestyle GmbH, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Portable Kayaks Market Report by Segment

By Product Type
• Inflatable Kayaks
• Folding Kayaks

By Paddler
• 1 Paddler
• 2 Paddlers
• More than 3 Paddlers

By Usage
• Sports
• Fishing
• Touring
• Others

By Sales Channel
• Online
• Offline

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This release was published on openPR.