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Surface Water Sports Equipment Market worth $9.84 billion by 2030, growing at a CAGR of 7.32% - Exclusive Report by 360iResearch
Surface Water Sports Equipment Market | 360iResearch
The Global Surface Water Sports Equipment Market to grow from USD 6.00 billion in 2023 to USD 9.84 billion by 2030, at a CAGR of 7.32%.
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Surface water sports equipment encompasses a broad array of gear and apparatus designed to facilitate various recreational activities conducted on or above the surface of water bodies, such as lakes, rivers, and oceans. These sports are popular worldwide and include a range of activities, each requiring specialized equipment to ensure performance, safety, and enjoyment. Increased interest in water sports driven by health and wellness trends, the growth of coastal tourism, and international water sports events can significantly boost demand. Additionally, the development and availability of water sports equipment made using sustainably sourced and eco-friendly materials has further accelerated the growth of the industry. However, stringent safety regulations regarding the design and development of surface water sports equipment and growing incidences of equipment product recalls impede widespread production or utilization of the equipment. Additionally, the need for frequent maintenance and complexities associated with the production and utilization of certain devices and equipment hampers the adoption among end-users. However, key players are exploring the integration of smart technology into equipment to overcome technical and maintenance limitations and improve performance tracking. Furthermore, brand collaborations, social media marketing approaches, and partnerships with celebrities for advertising the latest equipment products to a wide consumer base have created new avenues of growth for the industry.
The Americas region, particularly the US and Canada, supports a thriving market for water sports and equipment driven by a strong economy and a culture that values outdoor recreation. The coastal states, with their extensive shorelines, have a particularly high concentration of water sports enthusiasts. Customer purchasing behavior in the Americas indicates a trend toward high-end, specialized equipment for serious hobbyists, as well as an increasing interest in eco-friendly products. There are also significant investments in promoting water safety and sustainable practices within this industry. EU countries have a robust market for surface water sports equipment, with coastal nations such as Spain, Portugal, and France leading in consumption. EU consumers are increasingly concerned with sustainability, and there is ongoing research and development aimed at creating more eco-friendly materials and manufacturing processes. Safety standards are also an important priority in the EU, leading to stringent regulations for surface water sports equipment. The APAC region is characterized by the presence of a growing middle-class population that is increasingly demanding premium leisure activities and equipment due to its higher disposable incomes. The preference for water sports equipment in this region is driven by cost-effectiveness and durability. Government support for promoting tourism activities and investments in water sports facilities has further fuelled the growth of surface water sports equipment in the APAC region.
Market Segmentation & Coverage:
This research report categorizes the Surface Water Sports Equipment Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product, market is studied across Board Sports Equipment, Paddle Sports Equipment, and Ski Sports Equipment. The Paddle Sports Equipment is projected to witness significant market share during forecast period.
Based on Consumer Orientation, market is studied across Adults and Kids. The Adults is projected to witness significant market share during forecast period.
Based on Price Range, market is studied across Mass and Premium. The Premium is projected to witness significant market share during forecast period.
Based on Sales Channel, market is studied across Exclusive Stores, Hypermarkets/ Supermarkets, and Wholesalers/ Distributors. The Wholesalers/ Distributors is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 40.23% in 2023, followed by Europe, Middle East & Africa.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Surface Water Sports Equipment Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Surface Water Sports Equipment Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Surface Water Sports Equipment Market, highlighting leading vendors and their innovative profiles. These include AIRE Inc., Airhead by Aqua-Leisure Recreation, LLC, Akona Adventure Gear, Allen Brothers, Aqua Marina, Aquaglide, BeachBox, BELASSI GmbH, Bhawna Engineering Works, Blue Wave Products, Inc., Body Glove, BomBoard, Cyclops Marine Limited, HO Sports, Imagine Surf, Jetpilot, Naish International by Kubus Sports, O'Brien Watersports, Rae Sport Pvt Ltd., Rave Sports by Escalade Inc., Solstice Sports, SRR Aqua, SURFTECH, LLC, Tahe Outdoors, ThunderMonkey, Vanguard Inflatables, Wing Inflatables, and WOW Watersports.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Surface Water Sports Equipment Market, by Product
7. Surface Water Sports Equipment Market, by Consumer Orientation
8. Surface Water Sports Equipment Market, by Price Range
9. Surface Water Sports Equipment Market, by Sales Channel
10. Americas Surface Water Sports Equipment Market
11. Asia-Pacific Surface Water Sports Equipment Market
12. Europe, Middle East & Africa Surface Water Sports Equipment Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Surface Water Sports Equipment Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Surface Water Sports Equipment Market?
3. What is the competitive strategic window for opportunities in the Surface Water Sports Equipment Market?
4. What are the technology trends and regulatory frameworks in the Surface Water Sports Equipment Market?
5. What is the market share of the leading vendors in the Surface Water Sports Equipment Market?
6. What modes and strategic moves are considered suitable for entering the Surface Water Sports Equipment Market?
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sales@360iresearch.com
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
We are a dynamic, nimble company that believes in carving ambitious, purposeful goals and achieving them with the backing of our greatest asset - our people.
Quick on our feet, we have our ear to the ground when it comes to market intelligence and volatility. Our market intelligence is diligent, real-time and tailored to your needs, and arms you with all the insight that empowers strategic decision-making.
Our clientele encompasses about 80% of the Fortune Global 500, and leading consulting and research companies and academic institutions that rely on our expertise in compiling data in niche markets. Our meta-insights are intelligent, impactful and infinite, and translate into actionable data that support your quest for enhanced profitability, tapping into niche markets, and exploring new revenue opportunities.
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