Overview of the global rafting equipment market
The global rafting equipment market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The growing number of water sports facilities worldwide will be one of the major rafting equipment market drivers the next four years. One of the major factors responsible for the growing demand for rafting equipment is the surge in water sports sector, which is highly labor intensive and creates stable employment opportunities. Also, many economies are taking initiatives to promote the growth and expansion of water sporting facilities on a global level. For instance, the Water Sports Industry (FAWI) project aims at improving the facilities for the water sports industry. Furthermore, focusing on key elements such as sustainable development, upgrades, quality improvements, and cross-border collaborations in the water sports segment, will increase the rafting equipment industry growth.
In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. One of the major factors responsible for the market segment’s growth in the region is the rising participation rates in paddle sports such as paddling, canoeing and kayaking, rafting, and stand-up paddle boarding.
Competitive landscape and key vendors
The global rafting equipment market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors increasingly compete against each other based on factors such as price, quality, brand, and variety.
Key vendors in this market are -
- AIRE
- HYSIDE Inflatables
- Maravia
- NRS
- SOTAR
Other prominent vendors in the market include AIRHEAD, Aqua Marina, Rave Sports, Vanguard Inflatables, and Wing Inflatables.
Segmentation by type and analysis of the rafting equipment market
- Inflatable rafting boats
- Protective rafting gear
- Rafting accessories
Based on the rafting equipment market outlook, the protective rafting gear segment accounted for the majority market share during 2016 and will continue to dominate the market until the end of 2021. One of the major factors responsible for the market segment’s growth is the increasing use of these products in bulk by rafting participants and water sporting institutes.
Segmentation by retail format and analysis of the rafting equipment market
- Sporting goods retailers
- Department stores, hypermarkets, and supermarkets
- Online retail
The sporting goods retailers segment accounted for the majority market share during 2016 and will continue to dominate the market for the next four years. One of the major factors responsible for the market segment’s growth is the availability of popular brands of rafting equipment, which makes them attractive shopping destinations for sports enthusiasts.
Key questions answered in the report include
- What will the market size and the growth rate be in 2021?
- What are the key factors driving the global rafting equipment market?
- What are the key market trends impacting the growth of the global rafting equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global rafting equipment market?
- What are the market opportunities and threats faced by the vendors in the global rafting equipment market?
- What are the trending factors influencing the market shares of the Americas, Europe, and ROW?
- What are the key outcomes of the five forces analysis of the global rafting equipment market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Contents
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by product type
- Global protective rafting gear market
- Global rafting accessories market
- Global inflatable rafting boats market
PART 07: Market segmentation by retail format
PART 08: Geographical segmentation
- Rafting equipment market in the Americas
- Rafting equipment market in Europe
- Rafting equipment market in ROW
PART 09: Market drivers
- Growing popularity of rafting
- Rising interest in soft adventure sports
- Growing number of water sports facilities worldwide
PART 10: Impact of drivers
PART 11: Market challenges
- High degree of risk
- Unfavorable weather conditions
- High cost of inflatable rafting boats leading to preference for rentals
PART 12: Impact of drivers and challenges
PART 13: Market trends
- Demand for artificial water sports experiences
- Technological advancements
- Fitness benefits associated with rafting
- Introduction of novel water sporting categories
PART 14: Vendor landscape
- Competitive scenario
- AIRE
- HYSIDE Inflatables
- Maravia
- NRS
- SOTAR
- Other prominent vendors
PART 15: Appendix
PART 16: Explore Technavio
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape