NEW YORK, 23 December 2021 / PRNewswire / – North America and Europe There was a strong demand for water sports equipment and equipment, and APAC has seen an increase in sales of these equipment due to the growing popularity of water sports in the region.
The market is also growing in the countries of the Middle East and Central America with an increase in the popularity of adventure and water sports.
Key Water sports equipment market Highlights of the report:
Market growth 2020-2025: $ 4.39 billion
Growth dynamics and CAGR: Accelerate to a CAGR of around 3%
YoY growth (%): 1.66%
Efficient contribution to the market: North America at 44%
Main consumer countries: United States, United Kingdom, France, China, Canada
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Regional market analysis
North America will register the highest growth rate of 44% among other regions. Hence, the water sports equipment market in North America is expected to generate significant business opportunities for suppliers during the forecast period. The United States and Canada are the key markets for the water sports equipment market in North America.
The participation rate in water sports is the highest among millennials and is around 20%. Generation Y is followed by Generation Z, with an average participation rate of around 29%. Popular water sports in the area are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, water polo, stand-up paddleboarding, surfing, skiing nautical and wakeboarding.
The water sports equipment market will also increase due to the increasing relaxation of foreclosure regulations and the opening of sports clubs, water sports events and the like. This will drive the need for water sports equipment and accessories, which will simultaneously boost the market during the forecast period.
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Key Suppliers and Supplier Strategies
adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc., among others, are some of the major suppliers of the Water sports equipment market.
The business segments of adidas AG include footwear, clothing and hardware. The company offers women’s swimwear, men’s briefs, goggles and others.
Arena SPA offers swimwear, equipment, sportswear and more for women, men, girls and boys. The company also offers running swimsuits, training swimsuits, fitness swimsuits, beach wear, eyewear, caps and others.
Baden Sports Inc. offers water polo sports equipment which has always been used by sports champions.
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Main market drivers
Our analysts have described in detail the information about the major market drivers and their impact on the Water Sports Equipment market.
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Scope of the water sports equipment market
Cover of the report
Year of reference
Growth dynamics and CAGR
Accelerate to a 3% CAGR
Market growth 2021-2025
$ 4.39 billion
Annual growth (%)
North America, Europe, APAC, South America and MEA
Efficient contribution to the market
North America at 44%
Main consumer countries
United States, United Kingdom, China, France and Canada
Leading companies, competitive strategies, reach of consumer engagement
adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim and Under Armor Inc.
Parent Market Analysis, Market Growth Drivers and Obstacles, Analysis of Fast Growing and Slow Growing Segments, Impact of COVID-19 and Future Consumer Dynamics, Analysis of Market Conditions for the Forecast Period,
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