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Technavio’s research analysis on the global hydro-flyers market identifies that the increasing number of water sporting facilities will be one of the major factors that will have a positive impact on the growth of the market. Many initiatives are being taken to promote the growth and expansion of water sporting facilities worldwide. For instance, Europe is introducing initiatives to strengthen the water sports industry. Measures such as Facilities for the Watersports Industry (FAWI) project targets at improvisation of the facilities for the water sports industry. This project also focuses on professionalizing and economically strengthening the water sports industry through sustainable development, upgrades, positioning, quality improvements, and cross-border collaborations in the water sports industry. Such initiatives will significantly drive the hydro-flyers industry growth, which according to our market research analysts, will register a revenue of about USD 6 million by 2021.
The Americas will be the key revenue contributor to the hydro-flyers market throughout the forecast period. The increased participation of the millennial population in water sports and the water sports events held in freshwater springs, lakes, and quarries, will drive the demand for hydro-flyers in this region.
The hydro-flyers market consists of small and mid-sized vendors. Vendors in this market space are concentrating on refining their production techniques and increasing the efficiency of products. The market is quite competitive and the competition among the vendors is mainly based on factors including price, quality, brand, and variety.
The leading vendors in the market are
The other prominent vendors in the market are Body Glove, Dive Rite, Jetavation, Johnson Outdoors, and Cressi.
During 2016, the equipment segment accounted for the major shares of the hydro-flyers market. The hydro flyer equipment is a type of jetpack/hoverboard that drives the device through air and water. The rider is driven by the water jets below the device and the device power is controlled by a throttle on the PWC.
According to this market research report, sporting goods retailers accounted for the maximum sales of hydro-flyers during 2016. The availability of popular brands of flyboarding equipment and the increased preference to shop in these stores by consumers will drive the growth of the hydro-flyers market in this segment.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
PART 05: MARKET LANDSCAPE
PART 06: MARKET SEGMENTATION BY PRODUCT
PART 07: MARKET SEGMENTATION BY RETAIL FORMAT
PART 08: REGIONAL LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
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