Global water sports gear and equipment market is expected to witness formidable growth during the forecast period owing to growing popularity of water sports activities such as surfing, swimming, snorkeling, water polo and scuba diving around the world. Increasing number of water sports facilities like water parks across various regions are also acting as a key growth factor for this market. In addition,
Additionally, increasing awareness about the health benefits of undertaking water sports activities is also fueling the growth of this market. However, global water sports gear and equipment market is also facing some challenges. Increasing cases of global pandemic COVID-19 has badly affected water sports tourism and activities market. This is likely to hamper the growth of water sports gear and equipment market in the coming years.
Global water sports gear and equipment market is segmented based on
Regionally, North America is expected to dominate the global water sports gear and equipment market followed by Europe during the forecast period, which can be attributed to
Major players operating in the global water sports gear and equipment market include Arena Italia S.p.A., Aquatec - Duton Industry Co., Ltd, Apollo Sports USA, Sunsets Watersports, Body Glove International, Billabong International Limited, Speedo International Ltd, Sherwood Scuba, Swimwear Anywhere, Inc., Beuchat International, Dive Rite, Johnson Outdoors Inc. and Mares SpA. The manufacturers are adopting new technologies to develop new products. They are also undergoing partnerships and acquisitions to increase their global market share.
Objective of the Study
- To analyze and estimate the market size of global water sports gear and equipment market from 2017 to 2020.
- To estimate and forecast the market size of global water sports gear and equipment market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast global water sports gear and equipment market based on sports type, product type, end user, distribution channel, company and regional distribution.
- To identify dominant region or segment in the global water sports gear and equipment market.
- To identify drivers and challenges for global water sports gear and equipment market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global water sports gear and equipment market.
- To conduct pricing analysis for global water sports gear and equipment market.
- To identify and analyze the profile of leading players operating in global water sports gear and equipment market.
- To identify key sustainable strategies adopted by market players in global water sports gear and equipment market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of water sports gear and equipment manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the materials used in manufacturing water sports gear and equipment, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Water sports gear and equipment manufacturers, suppliers, distributors and other stakeholders
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to water sports gear and equipment
- Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as water sports gear and equipment manufacturers, suppliers, partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
