Press release
Kayak Market Overview and Regional Outlook Study 2016 - 2030
Kayak Market
Over the projection period of 2020 to 2030, a surge in water leisure sport participation in developing nations due to increased disposable income is projected to provide enormous potential for the kayak industry. Due to the growing popularity of thrilling and adventurous sports among individuals and families with discretionary wealth, kayaking is quickly becoming a well-liked recreational activity in developing nations. The growth of outdoor excursions and vacations in nature for peace and tranquillity is indirectly affecting the kayak market.
A single-bladed paddle is used to propel a canoe across the water. A canoe is an open watercraft in which the user sits or kneels. A kayak is a closed vessel in which the user sits with their legs outstretched and paddles with two blades. Despite frequently being combined, canoeing and kayaking are two separate activities. Kayaking is the activity of moving a kayak across the water, whereas canoeing is the activity of using a single-bladed paddle to move a canoe. In modern times, canoeing is done as a sport or leisure activity.
Market Drivers
• launch of innovative products: market for kayak accessories The market players are investing in R&D to present innovative ideas and work on the material of the adornments in response to the growing desire in kayak accessories. For instance, industry participants like Everything Kayak create kayak decorations that are lightweight and climate-resistant. Additionally, the market for kayak accessories is growing significantly, which is sustaining global demand for the product. The introduction of innovative products is gaining traction with customers and promoting business sector growth all around the world.
• practical application
• Systems for effective promotion
• expansion of coordinated retail in emerging countries
• Market Limitations
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The Kayak Market - Segmentation
The Kayak Market fragrance concentrates market has been sub-classified into product, application, distribution channels.
On the basis of products, the Kayak Market is bifurcated into:
• Rigid
• Folding
• Inflatable
• others
On the basis of applications, the market is segmented into:
• recreational
• touring
• racing activities
• others
On the basis of distribution channel, the market segmented into:
• sport variety stores
• third party online channel
• direct-to-consumer channel
• modern trade channels
• Others
The Kayak Market -Regional Analysis
North America dominated the global Kayak Market, with a 3.1% CAGR from 2023 to 2033, is expected to grow with a revenue share of more than 47% in 2023 and be the fastest-growing market for kayak. Due to a desire for thrills and adventure, water leisure sports have become extremely popular, which is advantageous for the kayak industry. The region's kayak industry is also growing thanks to state and national kayaking competitions held by governmental organisations and sports leagues.
The Kayak Market - Key Market players
Global key players of Kayak Market include Advanced Elements, AIRE, Aqua Xtreme, Clear Blue Hawaii, Klepper Faltbootwerft, MOOVING SARL, BIC Sport, Long Haul Kayaks, Nautiraid, ORU KAYAK, TRAK Kayaks, Folding Kayaks UK, KL Outdoor LLC, Johnson Outdoors Inc., Feelfree US, LLC, Jackson Kayak, Inc. and Confluence Outdoor, LLC., and others.
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FREQUENTLY ASKED QUESTIONS
• At what growth rate will the market be projected to grow during the forecast period of 2022 to 2029?
• What are the key opportunities of the market?
• Who are the major players operating in the market?
• Which region of the market is expected to witness the highest growth during the forecast period?
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