Kiteboarding Equipment Market by Product, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: Apr 2020
  • Pages: 120
  • SKU: IRTNTR40903
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The kiteboarding equipment market size has the potential to grow by USD 367.01 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period because of the steady increase in year-over-year growth.

This report provides a detailed analysis of the market by product (kites, accessories, and boards), distribution channel (retail and others), and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Best Kiteboarding S.L., BOARDS & MORE GmbH, Cabrinhakites Inc., F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, and Switch Kiteboarding.

What will be the Kiteboarding Equipment Market Size in 2020?

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Who are the Major Kiteboarding Equipment Vendors?

The kiteboarding equipment market is concentrated. Market vendors are coming up with various customer or rider engagement programs to expand their customer base and increase their share in the kiteboarding equipment market. Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, and Switch Kiteboarding are some of the major market participants. Although the increased participation and inclusion of kiteboarding in the Olympics will offer immense growth opportunities, the higher cost of kiteboarding equipment than other leisure sports will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

To help clients improve their market position, this kiteboarding equipment market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this kiteboarding equipment market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

This report provides information on the production, sustainability, and prospects of several leading companies, including:

  • Best Kiteboarding S.L.
  • BOARDS & MORE GmbH
  • Cabrinhakites Inc. 
  • F-ONE
  • Litewave Kiteboards
  • Naish International
  • North Kiteboarding
  • Pryde Group
  • RICCI INTERNATIONAL S.R.L
  • Switch Kiteboarding

Which are the Key Markets for Kiteboarding Equipment?

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Europe was the largest kiteboarding equipment market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Popularity of kiteboarding and the presence of established vendors will significantly influence kiteboarding equipment market growth in this region.

Almost 50% of the market’s growth will originate from Europe during the forecast period. Germany and France are the key markets for kiteboarding equipment in Europe. Market growth in this region will be faster than the growth of the market in MEA and North America.

What are the Major Product Segments in the Kiteboarding Equipment Market?

kiteboarding-equipment-market-share-by-distribution-channel

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Kites are generally made of ripstop nylon fabric and polyester using improved steaming and stitching techniques by interconnecting various small parts or components. Some market vendors are developing fabric that offers high strength, tear resistance, longevity, and UV protection.

Market growth in this segment will be faster than the growth of the market in the accessories and boards segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the kiteboarding equipment market size.

How will Increased Participation in Kiteboarding Influence Kiteboarding Equipment Market Growth?

The increased participation and inclusion of kiteboarding in the Olympics will be a significant factor in driving the growth of the kiteboarding equipment market. The interest in alternative physical activities such as outdoor and adventure sports, including kiteboarding, is growing because of the increasing health consciousness and rising need to stay fit and healthy among people. The participation in kiteboarding events and competitions such as Central American & Caribbean Games, GKA Surf World Cup Canary Islands, Open World Championships, Hempel Sailing World Championships, KiteSpeed World Championships, and GKA Surf World Cup Mauritius is also increasing. The inclusion of kiteboarding in the 2018 Buenos Aires Youth Olympic Games (YOG), will further boost the popularity of the sport and consequently boost the demand for kiteboarding equipment during the forecast period.

  • Market vendors are launching innovative and ergonomically designed equipment such as bars, locks, harnesses, kites, and boards to enhance the safety of kiteboarding equipment.
  • Click-In Loop, a new release system developed by OZONE, has easy activating and reloading features that prevent kiteboarding accidents.
  • Multisports PIQ Sensor, developed by PIQ Sport Intelligence in partnership with North kiteboarding of Boards & More, can record various parameters that help riders to analyze their performance and take the necessary steps to improve it.
  • The launch of innovative products, which is one of the critical kiteboarding equipment market trends, will help riders in improving their performance and safety.
  • During 2020-2024, the kiteboarding equipment market will grow at a CAGR of almost 9%. 

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What are the Key Factors Covered in this Kiteboarding Equipment Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive kiteboarding equipment market growth during the next five years
  • Precise estimation of the kiteboarding equipment market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the kiteboarding equipment industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of kiteboarding equipment vendors 

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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.

TechnavioINFORMATION 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
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TechnavioDATA 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
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The kiteboarding equipment market growth will increase by $367.01 million during 2019-2024.
The kiteboarding equipment market is expected to grow at a CAGR of 8.56% during 2019-2024.
Technavio has segmented the kiteboarding equipment market by product (Kites, Accessories, and Boards) and geographic (Europe, North America, APAC, South America, and MEA).
Best Kiteboarding S.L., BOARDS & MORE GmbH, Cabrinhakites Inc. , F-ONE, Litewave Kiteboards, Naish International, North Kiteboarding, Pryde Group, RICCI INTERNATIONAL S.R.L, Switch Kiteboarding are a few of the key vendors in the kiteboarding equipment market.
Europe will register the highest growth rate of 49.74% among the other regions. Therefore, the kiteboarding equipment market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the kiteboarding equipment market growth are:
  • Increased participation and inclusion of kiteboarding in Olympics
The kiteboarding equipment market vendors should focus on grabbing business opportunities from the kites segment as it accounted for the largest market share in the base year.
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