Sailing Dinghy Masts Market by Type and Geography - Forecast and Analysis - 2022-2026

The Sailing dinghy masts market is projected to grow by USD 292.44 million with a CAGR of 4.3% during the forecast period 2021 to 2026.

This sailing dinghy masts market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the sailing dinghy masts market segmentation by type (aluminum, carbon, fiberglass, and others) and geography (North America, Europe, APAC, South America, and the Middle East and Africa). The sailing dinghy masts market report also offers information on several market vendors, including AG Plus SPARS, Allspars Ltd., Chinook Sailing Products, Goya Windsurfing, Heol Composites, Kona Windsurfing AB, New Zealand Rigging Ltd., Norfolk Marine Chandlers Ltd., North Actionsports Group B.V., Pauger Carbon Composites, Pinnell & Bax Ltd., Point 7 International PTE LTD., Sailing Chandlery Ltd., Selden Mast AB Sweden, Severne, Synergy Sports Inc., The GUN SAILS, West Coast Sailing, Z Spars International Ltd., and Gaastra Windsurfing among others.

What will the Sailing Dinghy Masts Market Size be During the Forecast Period?

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Sailing Dinghy Masts Market: Key Drivers, Trends, and Challenges

Our researcher studied the historical data for years, with 2021 as the base year and 2022 as the estimated year, and produced drivers, trends, and challenges for the sailing dinghy masts market. During the COVID-19 pandemic, the demand for the sailing dinghy masts market has been impacted significantly, but a holistic analysis of drivers will help in estimating exact demands and refining marketing strategies to gain a competitive advantage.

Key Sailing Dinghy Masts Market Driver

Increasing customer engagement in marinas and recreational boating activities is notably driving the sailing dinghy masts market growth. The global sailing dinghy masts market witnesses strong demand due to increased consumer involvement in marina and recreational boating activities. The US was the largest market for recreational boating in 2021. The recreational boating industry in the US is expected to surpass $28 billion by 2026 and witnessed growth continuously over the last decade. In 2020, boating activities were halted temporarily due to pandemic-related restrictions, which negatively impacted the global sailing dinghy masts market. However, in 2021, the global sailing dinghy masts market regained momentum with the lifting of pandemic restrictions, large-scale vaccination drives, and a declining number of COVID-19 cases. A large part of this growth stems from marina and charter boat services operating in the US. Since owning and maintaining a leisure boat is very expensive, people in the US with mid-level and low-level annual incomes are shifting from the concept of boat ownership to boat rentals (boating experiences) offered by company-operated leisure/recreational boating service providers. Hence, marinas in the country are generating a huge demand for boat rentals. With the increasing consumer shift toward marinas, the demand for sailing dinghy masts is expected to rise further during the forecast period.

Key Sailing Dinghy Masts Market Trend

The growing number of HNWI people, which is boosting the development of marinas globally is the primary trend driving the sailing dinghy masts market growth. Owning a recreational or leisure boat is very expensive. Therefore high-net-worth individuals (HNWIs) are the major buyers of these luxury sailing dinghies. Hence, the growth of the market largely depends on the global HNWI population. Leisure boating is one of the major recreational activities among such people globally. Major boat manufacturers and operators have been registering strong financial results since 2016. This is mainly attributed to the increasing HNWI population and its interest in buying leisure boats. Since this segment of customers can afford to engage in leisure boat-related activities, it is expected that a significant amount of investments will be made in the building of new advanced sailing dinghies, which will result in boosting the demand for sailing dinghy masts during the forecast period.

Key Sailing Dinghy Masts Market Challenge

The high risk of maritime accidents is the major challenge impeding the sailing dinghy masts market growth. Global maritime statistical data shows that most maritime accidents involve sailing dinghies. The number of sailing dinghy accidents in the US is high. For instance, the US Coast Guard reported a 25% jump in boating fatalities in the summer of 2021 when compared to the same season in 2020. Casualty numbers have been increasing due to growing interest in boating activities. Operator inattention, operator inexperience, not paying heed to potential threats, excessive speed, and machinery failure rank among the top five primary factors responsible for accidents involving sailing dinghies. The increasing number of sailing dinghy accidents is becoming a concern for different stakeholders in the market. Most tourists who participate in water sports for recreation do not have sufficient knowledge or training. The lack of the knowledge and skills required for water sports and boating may lead to drowning or other serious accidents. The most common injuries during boating activities are sprains, fractures, head lacerations, and concussions. Fatalities during boating activities are increasing significantly. Therefore, the increasing number of boat accidents has resulted in a decline in boat registrations, which might hinder the growth of the global sailing dinghy masts market during the forecast period.

This sailing dinghy masts market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global sailing dinghy masts market as a part of the global leisure products industry. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the sailing dinghy masts market during the forecast period.

Who are the Major Sailing Dinghy Masts Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

• AG Plus SPARS
• Allspars Ltd.
• Chinook Sailing Products
• Goya Windsurfing
• Heol Composites
• Kona Windsurfing AB
• New Zealand Rigging Ltd.
• Norfolk Marine Chandlers Ltd.
• North Actionsports Group BV
• Pauger Carbon Composites
• Pinnell & Bax Ltd.
• Point 7 International PTE LTD.
• Sailing Chandlery Ltd.
• Selden Mast AB Sweden
• Severne
• Synergy Sports Inc.
• The GUN SAILS
• West Coast Sailing
• Z Spars International Ltd.
• Gaastra Windsurfing

 

This statistical study of the sailing dinghy masts market encompasses successful business strategies deployed by the key vendors. The sailing dinghy masts market is fragmented, and the vendors are deploying growth strategies such as quality, features, functionalities, and services to compete in the market.

Product Insights and News

agplus-spars.fr - The company offers sailing dinghy masts such as D54, D57S, D57M, D61, D65 and D66, for racing purposes, which can be customized.

To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.

The vendor profiles are designed to help clients improve their market position, and information on production and sustainability along with this the report provides a detailed analysis of several leading Companies.

Sailing Dinghy Masts Market Value Chain Analysis

Our In-house experts produce extensive information on the value chain and parent market of the sailing dinghy masts market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also the optimization and evaluation of business strategies The players across the value chain includes selective data and analysis from entire research findings as per the scope of the report.

The report has further elucidated other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Sailing Dinghy Masts Market?

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35% of the market’s growth will originate from North America during the forecast period. The US is the key market for the sailing dinghy masts market in North America. Market growth in this region will be faster than the growth of the market in other regions.

This shift in preference has increased customer involvement in marina and charter boat services, which is a major factor that will facilitate the sailing dinghy masts market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID-19 Impact and Recovery Analysis

North American countries, including the US, Canada, and Mexico, were among the most heavily impacted countries in the region by the COVID-19 pandemic. The outbreak of COVID-19 influenced North American countries to impose periodic lockdowns, which led to the isolation of people in their homes. Also, the pandemic resulted in the cancellation of major water sporting events and recreational activities in 2020. Thus, the market in focus was negatively impacted in North America in 2020. However, the introduction of COVID-19 vaccines led to a decline in the number of COVID-19 cases and the lifting of lockdown restrictions in 2021. This resulted in the resumption of boating activities in North America, thus positively impacting the growth of the sailing dinghy masts market further in North America during the forecast period.

What are the Revenue-generating Type Segments in the Sailing Dinghy Masts Market?

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The sailing dinghy masts market share growth in the aluminum segment will be significant during the forecast period. Aluminum is preferred by sailing dinghy mast designers and builders for its favorable properties, such as better weldability, high durability, and higher corrosion resistance, when compared to sailing dinghy masts made of other metals such as steel. It is also more lightweight than other materials, which is driving the demand for aluminum in fabricating sailing dinghy masts. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the sailing dinghy masts market size and actionable market insights on the post-COVID-19 impact on each segment.

 

Sailing Dinghy Masts Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 4.3%
Market growth 2022-2026	$292.44 million
Market structure	Fragmented
YoY growth (%)	4.1
Regional analysis	North America, Europe, APAC, South America, and the Middle East and Africa
Performing market contribution	North America at 35%
Key consumer countries	US, Australia, Japan, France, and Germany
Competitive landscape	Leading companies, Competitive Strategies, Consumer engagement scope
Key companies profiled	AG Plus SPARS, Allspars Ltd., Chinook Sailing Products, Goya Windsurfing, Heol Composites, Kona Windsurfing AB, New Zealand Rigging Ltd., Norfolk Marine Chandlers Ltd., North Actionsports Group B.V., Pauger Carbon Composites, Pinnell & Bax Ltd., Point 7 International PTE LTD., Sailing Chandlery Ltd., Selden Mast AB Sweden, Severne, Synergy Sports Inc., The GUN SAILS, West Coast Sailing, Z Spars International Ltd., and Gaastra Windsurfing
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 the 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.

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What are the Key Data Covered in this Sailing Dinghy Masts Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive sailing dinghy masts market growth during the next five years
• Precise estimation of the sailing dinghy masts market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the sailing dinghy masts industry across North America, Europe, APAC, South America, and the Middle East and Africa
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of sailing dinghy masts market vendors

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