Enjoy complimentary customisation on priority with our Enterprise License!
The kiteboarding equipment market is estimated to grow by USD 260.97 million, accelerating at a CAGR of 6.75% between 2022 and 2027. The growth of the market depends on several factors, including the introduction of kiteboarding in the Olympics, the rising popularity of beach culture and adventure tourism, and the increasing participation in surface water sporting activities.
To learn more about this report, Download Sample PDF
This kiteboarding equipment market report extensively covers market segmentation by Distribution Channel (retail and others), Product (kites, accessories, and boards), and Geography (Europe, North America, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 - 2021.
The retail segment, particularly specialty stores and online platforms, is expected to significantly boost market share for kiteboarding equipment during the forecast period. Leading this growth are specialty stores like MACkite Boardsports Center, REAL Watersports, Jupiter Kiteboarding, and Versusshop. These stores, which also sell various sports equipment, operate their own outlets, enabling manufacturers and distributors to strategically allocate budgets for marketing, advertising, promotions, brand development, training, and IT support. This approach reduces dependence on independent retailers and allows for direct consumer engagement.
Get a glance at the market contribution of various segments Download Sample PDF
The retail segment showed a gradual increase in market share from USD 302.72 million in 2017 and continued to grow by 2021. Marketing and advertising budgets and promotion activities largely depend on these retail formats to create product and brand visibility and generate sales through marketing, advertisements, and promotions. Internet-savvy Millennials constitute the largest consumer base for online distribution channels across all regions. The Internet provides these people with a proper tool for gathering information, conducting business, and socializing. APAC will witness a high growth rate in the next five years. Digital buyer penetration is the highest in India and China, and social media penetration is also rising. The increase in the number of Internet users and market visibility of kiteboarding equipment have significantly impacted the online demand for these products.
The global kiteboarding equipment market is set to grow, driven by innovative product launches that prioritize end-user safety. Vendors are introducing advanced and ergonomically designed equipment, such as bars, locks, harnesses, kites, and boards, which are safer and more user-friendly than their predecessors.
One notable example is OZONE's Click-In Loop, inspired by car seat belt locks. Featuring a simple and intuitive Click-In function, the self-positioning release mechanism automatically locates, making activation and reloading effortless. This innovative system, with a flag-out feature in almost all situations, plays a crucial role in preventing fatal accidents for kiteboarders. Riders, after becoming familiar with the system over time, benefit from improved reaction times. The Click-In Loop can be set up in either standard or expert mode, contributing to the anticipated market growth during the forecast period.
A significant challenge to the growth of the global kiteboarding equipment market is the elevated risk of accidents, which deters interest in kiteboarding. The high-risk nature of water sports, particularly kiteboarding, poses a substantial obstacle to market expansion. Many participants, especially recreational users and tourists, lack sufficient training and knowledge for these sports, leading to inefficient equipment operation and potential accidents.
Common injuries associated with kiteboarding include abrasions, contusions, lacerations, joint sprains, fractures, ACL and PCL injuries, as well as polytrauma. Body parts such as the foot/ankle, skull, knee, and chest are particularly susceptible to severe injuries. Consequently, newcomers to the sport may feel uncomfortable or unsafe participating due to these threats and risks. Overall, the challenges associated with kiteboarding risks contribute to limiting participation in the sport, thus restraining market growth to some extent.
For more insights on the market share of various regions Download PDF Sample now!
Europe is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
Europe is home to some popular brands, such as F-ONE and Switch Kiteboarding. The region has many great destinations and is a hub for many kiteboarding schools. It is one of the most developed kiteboarding markets. The region has several locations that offer kiteboarding for recreational purposes, which can be enjoyed by both professionals and novice participants. Some countries where the popularity of kiteboarding is high are Spain, Italy, Greece, and the Netherlands. KC Kite School IKO Center (Italy), Wind Riders (Italy), Movement Sports (the Netherlands), KiteSafe (the Netherlands), KTS Kite Tarifa School (Spain), and DELTAKITESUP (Spain) are some of the popular schools in the region.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Axisfoils- The company offers kiteboarding equipment such as foil boards and wings. Also, this segment focuses on offering foil boards and hydrofoils for SUP foiling, surf foiling, kite foiling, wake foiling, wind foiling, pump foiling, and downwind foiling.
The research report also includes detailed analyses of the competitive landscape of the market and information about 15 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Kiteboarding Equipment Market Scope |
|
Report Coverage |
Details |
Page number |
154 |
Base year |
2022 |
Historic period |
2017 - 2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.75% |
Market growth 2023-2027 |
USD 260.97 million |
Market structure |
Fragmented |
YoY growth 2022-2023(%) |
5.8 |
Regional analysis |
Europe, North America, APAC, South America, and Middle East and Africa |
Performing market contribution |
Europe at 47% |
Key countries |
US, Australia, Germany, France, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
AXIS Foils, Best Kiteboarding, BOARDS and MORE GmbH, Cabrinhakites Inc., Crazy Fly s.r.o, Epic Kites LLC, Equipe Trading BV, F ONE, Go Foil Inc., Good Breeze Kiteboarding Inc., Litewave Kiteboards, Motion Sports LLC, Naish International, North Actionsports B.V., RICCI INTERNATIONAL SRL, SHQ Boardsports, Skywalk GmbH and Co. KG, Slingshot Sports LLC, and Switch Kiteboarding |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.