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

