Report forecast the global canoeing and kayaking equipment
market to grow at a CAGR of 3.50% during the period 2017-2021.
Increased awareness of a healthy lifestyle and growing
number of water sports enthusiasts are the major factors boosting the water
sports equipment market in the Americas. The Americas is expected to maintain
its leading position during the forecast period as well. A large number water
sporting sites spread across Europe and outdoor sports enthusiasts make it the
second-largest revenue contributor to the global water sports equipment market.
France and Germany are the major contributors to the market in Europe. APAC is
a fast-growing region among all the other geographic regions in the global
water sports equipment market. South Korea and Australia are the prime markets
for water sports equipment in the region, along with other prominent countries
such as Indonesia, Hong Kong, Taiwan, Thailand, and Singapore.
The report covers the present scenario and the growth
prospects of the global canoeing and kayaking equipment market for 2017-2021.
To calculate the market size, the report presents a detailed picture of the
market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based
on geography:
- Americas
- Europe
- ROW
According to the report, one driver in market is increased
adoption of canoeing and kayaking. Water sports, including scuba diving,
surfing, canoeing and kayaking, and snorkeling, have become an inherent part of
recreational activities in the past decade. Recently, there has been increased
emphasis on water sports by various government bodies, especially tourism
boards, in an attempt to increase the revenue generated from the tourism
industry. Various promotional campaigns are being run by governments and tour
operators in different countries, which are adding to the popularity and
associated growth of the water sports industry on the whole. Changing
demographics and lifestyles, along with an increase in recreational
expenditures, have helped in increasing the popularity of outdoor sports.
Further, the report states that one challenge in market is
high costs of canoes and kayaks leading to preference for rentals. Canoes and kayaks
are relatively high priced, and this associated price with canoeing and
kayaking tends to restrict the potential market growth, especially among people
engaging in canoeing and kayaking casually. The average cost of quality canoes
and kayaks is more than $1,500, and this high cost of canoes and kayaks offered
by global vendors results in a significant challenge to the renowned global
vendors, as most of the end-users, especially in the developing regions of
Indonesia and Cambodia, are reluctant to use such highly priced canoes and
kayaks, which in turn affects the revenue of the global canoeing and kayaking
equipment market. Moreover, casual stand-up canoeing and kayaking enthusiasts
tend to rent canoes and kayaks rather than buying them, which further hampers
the growth.
Global Canoeing and Kayaking 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 players in the global canoeing and kayaking equipment
market: AIRE, BIC Sport, HYSIDE, NRS, and SOTAR.
Other Prominent Vendors in the market are: AIRHEAD, Aqua
Marina, Ocean Kayak, Malibu Kayaks, Rave Sports, and Vanguard Inflatables.
Market driver
- Growing number of water sporting facilities worldwide.
- For a full, detailed list, view our report
Market challenge
- High costs of canoes and kayaks leading to preference for rentals.
- For a full, detailed list, view our report
Market trend
- Fitness benefits associated with canoeing and kayaking.
- 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?
Spanning over 69 pages and 26 Exhibits “Global
Canoeing and Kayaking Equipment Market 2017 - 2021” report covers Executive
summary, Scope of the report, Market research methodology, Introduction, Market
landscape, Market segmentation by product type, Market segmentation by retail
formats, Geographical segmentation, Market drivers, Impact of drivers, Market
challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For
more information Visit at: http://mrr.cm/3ja
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