World News: 14:15 GMT Friday 12th October 2018. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Oct. 12, 2018 (GLOBE NEWSWIRE) -- The report has been added to offering.
Global Water Sports Equipment Market Outlook to 2022 - By Major Water Sports (Surfing, Scuba Diving, Jet Skiing, Snorkeling, Kiteboarding, Canoeing and Kayaking, Rafting and Parasailing), By Regions (Americas, Europe, APAC and MEA) provides an extensive analysis of global water sports equipment market.
The report covers market size on the basis of consumer expenditure, value chain analysis and market segmentation by major water sports (surfing, scuba diving, jet skiing, snorkeling, kiteboarding, canoeing and kayaking, rafting and parasailing), by regions (Americas, Europe, APAC and MEA), by countries (US, Canada, Australia, New Zealand, brazil, UK and others), by gender (male and female) and by age (18-30 years, 31-50 years, under 18 years and above 50 years). The report also includes the snapshot of surfing, scuba diving, jet skiing, snorkeling, kiteboarding, canoeing and kayaking, rafting and parasailing equipment markets in great detailing depicting market size, market segmentation, market share, company profiles of major players and future market analysis for each sport. The report provides detailed overview on the geographical presence, distribution channels, best selling equipments, consumer preferences, country dominance, strength & weaknesses and government regulation pertaining at individual sport-equipment market and for the global market. Company profiles on Quiksilver, O'NEILL, Aqua Lung International, Johnson Outdoors, SEA-DOO, Dongguan Eyson Lifesaving Equipment, Seavenger, Tabata Co. Ltd, Cabrinha, Naish International, BIC Sport and various other prominent players have been covered extensively. The report facilitate the reader with the identification and in-depth analysis of the existing & future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics. The report is useful for water sports equipment manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future. The global water sports equipment market has showcased a substantial growth during the review period 2012-2017 at a CAGR close to 5% in terms of consumer expenditure. The market growth was supported by the factors like increasing number of water sport facilities, technological advancements in the products manufactured and growing interest among people for recreational activities and soft adventure sports. In various countries, several initiatives are being undertaken to promote the growth and expansion of water-sports facilities in order to advance water-sports infrastructure. For instance, countries such as UK, France and Germany in Europe have been increasingly coming up with initiatives that are aimed at strengthening the water sports industry. On a whole, the global consumer expenditure incurred on water sports equipments has expanded significantly by the end of 2017.By Major Water Sports: In terms of consumer expenditure, the market was dominated by the sale of surfing equipments. Major factors that have driven growth in the surfing equipment market are the increasing interest among people in surfing as a lifestyle sport, easy access to the sport through surf-park and pools, natural and artificial. Surfing equipment segment has been followed by scuba diving equipments, Jet skiing, snorkeling, kiteboarding, canoeing & kayaking, rafting and parasailing equipment markets respectively. Americas accounted for the largest share in 2017. Water sports activities are a part of the lifestyle in this region, especially in the US. The US represents the largest contributor to the market revenue from this region followed by Canada, Brazil, Argentina, Mexico and Colombia. Europe accounted for the second largest share in the global water sports equipment market in 2017. The presence of large number of outdoor sports enthusiasts and water sporting sites across Europe make it the second-largest revenue contributor to the global water sports equipment market. APAC is one of the fastest-growing regions in 2017. Middle East and Africa accounted for the lowest share in the market. In the year 2017, US accounted for the major share in the global water sports equipment market in terms of consumer expenditure. The country has a presence of large number of water sports facilities and water sports enthusiasts which has primarily supplemented market growth. Water sports equipment market is at a growing stage in the country. US has been followed by Canada, Australia and New Zealand, Brazil, UK and rest of the world in 2017 respectively. Countries such as India, Japan, Brazil, Thailand, UAE, South Africa, China, Singapore, Scotland, Italy and others are in their emerging market stages. The global water sports equipment market was dominated by the participation from the male segment in 2017. Female participants have contributed a significant yet lower share in the global water sports equipment market however; their participation rate has been anticipated to rise with increase in water-sports popularity and health-benefits.
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Related Topics: Sporting Goods and Equipment
Globe Newswire: 14:15 GMT Friday 12th October 2018
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