Global Water Sports Gear and Equipment Market 2016-2020
Published: Nov 2016 | Pages: 73 | SKU: IRTNTR10733 |
Overview of the global water sports gear and equipment market
Technavio’s market research analyst predicts the global water sports gear and equipment market to grow at a CAGR of more than 5% between 2016 and 2020. The market for water sports gear and equipment is primarily driven by the rising curiosity of consumers in outdoor recreational activities, accessibility to a wide range of water sporting equipment and facilities, and augmented e-commerce businesses, especially in the Americas. Such increased participation rates across all age groups for water sports have led to the establishment of many water sporting facilities across the globe. Recently, various government bodies have actively started accentuating the promotion of water sports to increase the revenue generated from the tourism industry worldwide. With the growing inclination towards recreational water sports, the global water sports gear and equipment market will witness a significant growth over the next four years.
In 2015, the global water sports gear and equipment market was dominated by the Americas, which is also expected to be the fastest-growing region in the market during the forecast period. Much of the region’s growth can be attributed to the rising popularity of soft adventure sports, including some water sports. The millennial population segment accounts for the highest participation in water sports. The most popular water sports in the region are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, stand-up paddle boarding, surfing, water skiing, and wakeboarding.
Competitive landscape and key vendors
The presence of several big and mid-sized players makes the global water sports gear and equipment market extremely competitive and fragmented. Several vendors in the market are also focusing on revamping their production techniques and increasing efficiency and innovation. Over the next four years, this market is anticipated to witness a sizable growth in production capacity as most players are embracing advanced technological methodologies of producing water sports gear and equipment. To increase their shares in the global market, several companies are also focusing on diverse strategies such as mergers and acquisitions.
Leading vendors in the market are
- American Underwater Products
- Aqua Lung
- Cressi
- Tabata
- Wilderness Systems
Other prominent vendors in the water sports gear and equipment market include Apollo Sports USA, AQUATEC - DUTON INDUSTRY, BAUER COMPRESSORS, Beuchat International, Billabong, Body Glove, Dive Rite, Johnson Outdoors, Mares, and Sherwood Scuba.
Segmentation by sports and analysis of the water sports gear and equipment market
- Underwater sports gear and equipment market
- In-the-water sports gear and equipment
- On-the-water sports gear and equipment
The underwater sports gear and equipment segment dominated the market and accounted for the largest market share during 2015. Underwater sports gear and equipment include all equipment and gear used for snorkeling and scuba diving. Scuba diving is the highest revenue contributing segment in this market owing to the high sales of scuba diving apparel, especially wetsuits. With the rapid popularity and usage of diving computers and gauges, this market segment will witness rapid growth rate over the forecast period.
Product segmentation and analysis of the water sports gear and equipment market
- Water sports equipment
- Water sports apparel
The water sports equipment segment will be the major revenue generating segment in the market and will continue to dominate the market during the forecast period. Water sporting equipment includes equipment for sports such as swimming, water aerobics, water polo, snorkeling, scuba diving, boating, jet skiing, canoeing, paddle boarding, rowing, surfing, rafting, kayaking, wakeboarding, water skiing, knee boarding, windsurfing, sailing kite surfing, snow skiing, and deep-sea fishing. With the rising popularity of different types of water sporting activities like paddle boarding, wakeboarding, and shoe skiing, the water sporting equipment segment will grow considerably.
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global water sports gear and equipment market?
- What are the key market trends impacting the growth of the global water sports gear and equipment market?
- What are the challenges to market growth?
- Who are the key vendors in the global water sports gear and equipment market?
- What are the market opportunities and threats faced by the vendors in the global water sports gear and equipment market?
- Trending factors influencing the market shares of the Americas, APAC, Europe, and MEA.
- What are the key outcomes of the five forces analysis of the global water sports gear and equipment market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
Table of Content
PART 01: Executive summary
- Highlights
PART 02: Scope of the report
- Market overview
- Top-vendor offerings
PART 03: Market research methodology
- Research methodology
- Economic indicators
PART 04: Introduction
- Key market highlights
PART 05: Market landscape
- Market overview
- Market size and forecast
- Five forces analysis
PART 06: Market segmentation by sports
- Global underwater sports gear and equipment market
- Global in-the-water sports gear and equipment market
- Global on-the-water sports gear and equipment market
PART 07: Market segmentation by product
PART 08: Market segmentation by retail format
PART 09: Geographical segmentation
- Water sports gear and equipment market in the Americas
- Water sports gear and equipment market in Europe
- Water sports gear and equipment market in APAC
- Water sports gear and equipment market in MEA
PART 10: Key leading countries
- US
- Australia
- South Korea
- UK
- Germany
PART 11: Market drivers
- Increasing popularity and subsequent participation rates in water sports
- Rising number of water sporting facilities worldwide
- Growing interest in soft adventure sports
PART 12: Impact of drivers
PART 13: Market challenges
- Need for training and certification
- Unfavorable weather conditions
- High degree of risk
PART 14: Impact of drivers and challenges
PART 15: Market trends
- Artificial water sports experiences
- Growth of underwater photography
- Technological advancements
- Novel water sporting categories
PART 16: Vendor landscape
- Competitive scenario
- American Underwater Products
- Aqua Lung International
- Cressi
- Tabata
- Wilderness Systems
- Other prominent vendors
PART 17: Appendix
- List of abbreviations
PART 18: 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
PURCHASE FULL REPORT OF
market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
Why should you prefer Technavio's market insights report?
- Off-the-shelf research reports
- Reports can be tailored to meet the customer's needs
- Trusted by more than 100 fortune 500 organizations
- Information about the market's key drivers, trends, and challenges
- Parent market analysis
- Every week, 50,000 people visit our subscription platform
- Detailed vendors report with competitive landscape
- Covid-19 impact and recovery analysis
- Data on revenue-generating market segments
- Details on the market shares of various regions
- Five-force market analysis