NEW
YORK, May 20, 2024 /PRNewswire/ -- The
global in-the-water sports equipment
market size is estimated to grow by USD 4883.2 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
about 3.51% during the forecast period.
For more insights on the forecast market size and historic data
(2018 - 2022) - Download Free sample report in a
minutes
Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Product (Sports gear
and Sports apparel), Type (Swimming, Water aerobics, and Water
polo), Distribution Channel (Offline and Online), and Geography
(North America, Europe, APAC, South America, and Middle East and
Africa)
|
Region
Covered
|
North America, Europe,
APAC, South America, and Middle East and Africa
|
Key companies
profiled
|
Adidas AG, Apollo
Sports USA Inc., Aqualung Trading, BEUCHAT INTERNATIONAL S.A.S,
Boardriders, Cressi Sub Spa, Descente Ltd., Head, Johnson Outdoors
Inc., JumpKing International LLP, KAP7 International, Mikasa Corp.,
Nike Inc., Obrien, Pentland Brands Ltd., Turbo Swim, and Under
Armour Inc.
|
Segment Overview
This in-the-water sports equipment market report extensively
covers market segmentation by
- Product
- 1.1 Sports gear
- 1.2 Sports apparel
- Type
- 2.1 Swimming
- 2.2 Water aerobics
- 2.3 Water polo
- Distribution Channel
- Geography
- 4.1 North America
- 4.2 Europe
- 4.3 APAC
- 4.4 South America
- 4.5 Middle East and
Africa
1.1 Sports gear- The In-the-Water Sports
Equipment Market is experiencing robust growth, driven by the
rising popularity of various water sporting activities. Key
equipment includes inflatable catapults, aquatic hoverboards, Water
Jetpacks, and Flying foxes. Heli skiing and Blob jumping cater to
adventure seekers, while Subwing and surf parks offer unique
experiences. Sports and leisure activities, such as surfing and
snowboarding, are influenced by Western media and television shows.
Companies like Saxdor, Zapata Flyboard, and Adidas expand their
product lines, offering innovative gear for divers, kayakers, and
team sports like water polo. Equipment includes the Water polo
ball, Water polo clothing from brands like Adidas, Mikasa, Baden, Billabong, Turbo, and Under
Armour. The Olympics further fuel market growth, making water
sports a global phenomenon.
3.1 North
America- The In-the-Water Sports Equipment Market
encompasses a range of products, including inflatable catapults,
aquatic hover devices, Water Jetpacks, and Flying foxes. This
market witnesses significant growth in North America, particularly in the US and
Canada, where water polo equipment
sales dominate the swimwear sector. Promotional campaigns and
adventure activities, such as heli skiing, blob jumping, and Surf
parks, fuel market expansion in the sports and leisure industry.
Western media and television shows showcasing water sports
enablers, like the Electric surfboard and Zapata Flyboard, further
boost market trends. Tourism and team sports, including divers,
kayakers, swimmers, and water polo players, utilize specialized
equipment, such as the Water polo ball, Water polo clothing from
brands like Adidas, Mikasa, Baden,
Billabong, Turbo, and Under Armour, for training and competition in
surface water sports, including surfing and snowboarding, leading
up to the Olympics.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data (2018 -
2022) - Download a Sample Report
Key Market Trends Fueling Growth
In-the-water sports, including swimming and water polo, have
been prominent at the Olympics since their inception. Equipment for
these sports, such as inflatable catapults, water jetpacks, and
polo balls from brands like Mikasa
and Adidas, enable participation and recognition in international
competitions. Other equipment like surfboards, kayaks, and water
polo clothing from brands like Billabong and Under Armour cater to
leisure and adventure activities.
Market Challenges
• The global
in-the-water sports equipment market is facing restrictions due to
FINA's ban on high-tech swimsuits made from non-permeable materials
like nylon composites and spandex. This has affected product lines
in swimming, water polo, and other sports, impacting brands such as
Adidas, Mikasa, Baden, Billabong,
Turbo, and Under Armour. The market includes adventure sports,
surfing, snowboarding, and recreational activities in swimming
pools and resorts. Key trends are ticketing, merchandise, and
guided tours for water sports like flyboarding.
Research report provides comprehensive data on impact of trend,
driver and challenges - Buy Report
Research Analysis
The In-the-Water Sports Equipment Market encompasses a wide
range of products for various water sports activities, including
surfing and snowboarding, enabled by Western media and Television
shows. Key equipment include electric surfboards like Zapata
Flyboard, inflatable catapults for flyboarding, and water jetpacks.
These sports have gained popularity among millennials, leading to
increased demand for water sports ticketing, merchandise, and
resort facilities. Additionally, recreational activities such as
kayaking, diving, swimming, and team sports are also driving market
growth. Guided tours and parking facilities are essential services
catering to tourists seeking adventure sports experiences. Overall,
the market for water sports equipment is dynamic and diverse,
offering exciting opportunities for innovation and growth.
Market Research Overview
The In-the-Water Sports Equipment Market encompasses a diverse
range of products used for various water activities. These include
surfboards, wetsuits, fins, snorkeling equipment, diving gear,
kayaks, and paddleboards. Surfing sports involve surfboards and
wetsuits for riding ocean waves. Swimming and snorkeling require
wetsuits, masks, fins, and snorkels. Diving activities involve
diving suits, tanks, regulators, and other essential equipment.
Kayaking and paddleboarding involve kayaks or paddleboards,
paddles, and necessary safety gear. Producers of these sports
equipment cater to the needs of both recreational and professional
users, ensuring top-notch quality and functionality. The market for
in-the-water sports equipment continues to grow, driven by
increasing consumer interest and advancements in technology.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Sports Gear
- Sports Apparel
- Type
-
- Swimming
- Water Aerobics
- Water Polo
- Distribution Channel
-
- Geography
-
- North America
- Europe
- APAC
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio