Global Flyboarding Equipment Market to grow at a CAGR of 3.05% during the period 2017-2021

Market Research analysts forecast the global flyboarding equipment market to grow at a CAGR of 3.05% during the period 2017-2021.

The following companies as the key players in the global flyboarding equipment market: Adidas, DEFY WaterFlight, FlyDive, Stratospheric Industries, and Zapata Racing

Other Prominent Vendors in the market are: Billabong, Body Glove, Dive Rite, Johnson Outdoors, and Cressi

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Commenting on the report, an analyst from Reports team said: “Artificial waterbodies for flyboarding are gaining popularity among water sports enthusiasts. The US National Whitewater Center situated in Charlotte, North Carolina, has the largest artificial river in the world, which is suitable for flyboarding. The Kielder Water in northern Europe is one of the largest man-made lakes in the region, which has become extremely popular among tourists for water sports activities. Another well-known example is that of surf parks integrated with artificial wave technology. Currently, there are at least 10-15 such water surf parks, which are scheduled to start operating in the next few years in Russia, Spain, and Hawaii. These artificial, man-made attractions not only provide consumers with a convenient and easier option, but also allow various tourist businesses, like restaurants and lodging options, to thrive. For example, the Riverdale Hall in Northumberland, which is the closest hotel to the Kielder Water, cashes in on the various water sporting activities undertaken on the Kielder Water, like flyboarding, sailing, water skiing, and ferry trips.

According to the report, water sports like scuba diving, surfing, and snorkeling have become an inherent part of recreational activities over the past decade. Recently, various government bodies have actively started promoting water sports to increase the revenue generated from the tourism industry across the globe. Many promotional campaigns are being run by both local governments and tour operators in several countries, which, in turn, are resulting in the growth of the water sports industry at large. Changing demographics and lifestyles, along with an increase in recreational expenditures, have been aiding in increasing the popularity of outdoor sports.

Further, the report states that flyboards are relatively highly priced, and this tends to restrict potential market growth, especially among people engaging in flyboarding casually. The average cost of quality flyboards is more than $5,000, which restricts high scale of adoption of flyboards among individual consumers. Also, most of the customers, especially in countries such as Indonesia and Cambodia, are reluctant to use such high-priced flyboards, which in turn affects the revenue of the global flyboard market. Moreover, casual flyboarding enthusiasts tend to rent flyboards rather than buying it, which further hampers growth.

About Flyboarding Equipment

The soft adventure sporting goods market, including flyboarding, holds great potential globally. It is mainly driven by the growing interest of consumers in outdoor recreational activities and the availability of a wide range of flyboarding equipment. In addition, the tourism industry has also encapsulated water sports among the various activities available for domestic and international tourists.

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Covered in this report

The report covers the present scenario and the growth prospects of the global flyboarding equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of flyboarding equipment.

The market is divided into the following segments based on geography:
Americas
Europe
ROW

Global Flyboarding Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Adidas
DEFY WaterFlight
FlyDive
Stratospheric Industries
Zapata Racing

Other prominent vendors
Billabong
Body Glove
Dive Rite
Johnson Outdoors
Cressi

Market driver
Increasing popularity and subsequent participation in water sports
For a full, detailed list, view our report

Market challenge
High costs of flyboards leading to a preference for rentals
For a full, detailed list, view our report

Market trend
Fitness benefits associated with flyboarding
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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