Global Water Sports Equipment Market Overview
According to SPER Market Research, the Global Water Sports Equipment Market is estimated to reach USD 70.42 billion by 2032 with a CAGR of 3.83%.
During the review period, the market for equipment for water sports around the world grew significantly. A growing number of water sport facilities, technological developments in product manufacturing, and rising consumer interest in leisure activities and soft adventure sports all contributed to the market's expansion. Several projects are being carried out in various nations to encourage the development and growth of water sports facilities in order to progress infrastructure. For instance, European nations like the UK, France, and Germany have increased the number of programs they have developed to support the water sports business. The total amount of money spent by consumers worldwide on water sports equipment had increased considerably.
The market was dominated by the selling of surfing gear in terms of consumer spending. The market for surfing gear has grown significantly as a result of reasons such as rising interest in surfing as a lifestyle sport and easy access to the sport thanks to surf parks and pools, both natural and man-made. Following the market for surfing equipment are markets for scuba diving equipment, jet skiing, snorkelling, kiteboarding, canoeing & kayaking, rafting, and parasailing equipment. During the forecast period, the global market for water sports equipment is anticipated to expand significantly, exceeding the growth seen during the review period. Rising interest in water sports activities, technical developments made by market participants, rising participation rates, especially among women, changing demographics, and other factors are some of the key drivers of growth. Growth would be fuelled by the expansion of a number of sports equipment markets, particularly in America and Asia Pacific. These markets include those for surfing, scuba diving, jet skiing, snorkelling, kiteboarding, canoeing and kayaking, rafting, and parasailing.
Impact of COVID-19 on the Global Water Sports Equipment Market
The COVID-19 outbreak is anticipated to have a significant effect on the market for water sports equipment and accessories worldwide. Although the market for gear and accessories for water activities is expanding, these products come with a number of potentially catastrophic risks. The COVID-19 rules of the government also had an impact on the market's growth. Additionally, the government's COVID-19 laws restrained market expansion.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Major Water Sports, By Gender, By Age
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Aqua Lung International, BIC Sport, Billabong, Cabrinha, Dongguan Eyson Lifesaving Equipment, Johnson Outdoors, Naish International, O’NEILL, Quiksilver, SEA-DOO, Seavenger, Tabata Co. Ltd
|
Global Water Sports Equipment Market Segmentation:
1. By Major Water Sports:
- Canoeing and Kayaking
- Jet Skiing
- Kiteboarding
- Rafting and Parasailing
- Scuba Diving
- Snorkelling
- Surfing
2. By Gender:
3. By Age:
- Under 18 years
- 18 – 30 years
- 31 – 50 years
- Above 50 years
4. By Region:
- Asia-Pacific
- Europe
- Middle East
- Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Water Sports Equipment Market (FY’2019-FY’2032)
- Overview of Global Water Sports Equipment Market
- Segmentation of Global Water Sports Equipment Market By Major Water Sports (Canoeing and Kayaking, Jet Skiing, Kiteboarding, Rafting and Parasailing, Scuba Diving, Snorkelling, Surfing)
- Segmentation of Global Water Sports Equipment Market By Gender (Female, Male)
- Segmentation of Global Water Sports Equipment Market By Age (Under 18 years, 18 – 30 years, 31 – 50 years, Above 50 years)
- Statistical Snap of Global Water Sports Equipment Market
- Global Water Sports Equipment Market Growth Analysis
- Problems and Challenges in Global Water Sports Equipment Market
- Global Water Sports Equipment Market Competitive Landscape
- Impact of COVID-19 and Demonetization on Global Water Sports Equipment Market
- Details on Recent Investment in Global Water Sports Equipment Market
- Competitive Analysis of Global Water Sports Equipment Market
- Major Players in the Global Water Sports Equipment Market
- SWOT Analysis of Global Water Sports Equipment Market
- Global Water Sports Equipment Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Water Sports Equipment Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Water Sports Equipment Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Water Sports Equipment Market
7. Global Water Sports Equipment Market, By Major Water Sports, 2019-2032 (USD Million)
7.1 Canoeing and Kayaking
7.2 Jet Skiing
7.3 Kiteboarding
7.4 Rafting and Parasailing
7.5 Scuba Diving
7.6 Snorkelling
7.7 Surfing
8. Global Water Sports Equipment Market, By Gender, 2019-2032 (USD Million)
8.1 Female
8.2 Male
9. Global Water Sports Equipment Market, By Age,2019-2032 (USD Million)
9.1 Under 18 years
9.2 18 – 30 years
9.3 31 – 50 years
9.4 Above 50 years
10. Global Water Sports Equipment Market, By Region, 2019-2032 (USD Million)
10.1 Global Water Sports Equipment Market and Market Share by Region (2019-2025)
10.2 Global Water Sports Equipment Market and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Aqua Lung International
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 BIC Sport
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Billabong
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Cabrinha
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Dongguan Eyson Lifesaving Equipment
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Johnson Outdoors
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Naish International
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 O’NEILL
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Quiksilver
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 SEA-DOO
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 Seavenger
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Tabata Co. Ltd
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
