NEW YORK, Dec. 23, 2021 /PRNewswire/ — North America and Europe registered high demand for water sports gear and equipment, and APAC experienced an increase in the sales of such equipment owing to the increasing popularity of water sports in the region.
The market is also growing in the Middle Eastern and Central American countries with an increase in the popularity of adventure and water sports.
Key In-the-Water Sports Equipment Market Report Highlights:
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Market growth 2020-2025: USD 4.39 billion
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Growth momentum & CAGR: Accelerate at a CAGR of about 3%
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YoY growth (%): 1.66%
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Performing market contribution: North America at 44%
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Key consumer countries: US, UK, France, China, Canada
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Regional Market Analysis
North America will register the highest growth rate of 44% among the other regions. Therefore, the in-the-water sports equipment market in North America is expected to garner significant business opportunities for the vendors during the forecast period. The US and Canada are the key markets for in-the-water sports equipment market in North America.
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The participation rate in water sports is the highest among the millennials and is about 20%. The millennials are followed by Gen Z, with an average participation rate of about 29%. The popular water sports in the region are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, water polo, stand-up paddle-boarding, surfing, water skiing, and wakeboarding.
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The market for in-water sports equipment will also grow due to the increasing relaxation of lockdown regulations and the opening of sports clubs, water sports events, and others. This will drive the need for in-water sports equipment and accessories, which will concurrently drive the market in focus during the forecast period.
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Key Vendors and Vendor Strategies
adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim, and Under Armour Inc. among other are a few of the key vendors in the In-the-Water Sports Equipment Market.
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The business segments of adidas AG involves Footwear, Apparel, and Hardware. The company offers female swimsuits, male briefs, goggles, and others.
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Arena SPA offers swimwear, equipment, sportswear and others for women, men, girls, and boys. The company also offers racing swimsuits, training swimwear, shaping swimwear, beach wear, goggles, caps, and others.
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Baden Sports Inc. offers water polo sports equipment which have been consistently used by sports champions.
Download our free sample report to get a brief understanding about various other vendors and the vendors strategies.
Key Market Drivers
Our analysts have extensively outlined the information on the key market drivers and their impact on the In-the-Water Sports Equipment Market.
To know about a few other market drivers, trends, and challenges.
Download our free sample report
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In-The-Water Sports Equipment Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
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Market growth 2021-2025 |
$ 4.39 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
1.66 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 44% |
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Key consumer countries |
US, UK, China, France, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
adidas AG, Arena SPA, Baden Sports Inc., Boardriders Inc., KAP7 International, Mikasa Corp., Nike Inc., Pentland Brands Ltd., Turbo Swim, and Under Armour Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, |
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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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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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