The growing interest in active outdoor recreational activity and the rising number of water sports enthusiasts are expected to be the major growth drivers for the Americas, which is expected to continue leading the market over the next five years. The presence of a large number outdoor sports enthusiasts and water sporting sites across Europe make it the second-largest revenue contributor to the global water sports equipment market. France and Germany are the leading contributors to the market in Europe. APAC is one of the fastest-growing regions in the global water sports equipment market. South Korea and Australia are the prime markets for water sports equipment in the region, along with other prominent sites in Indonesia, Hong Kong, Taiwan, Thailand, and Singapore.
Technavio’s analysts forecast the global surface water sports equipment market to grow at a CAGR of 10.74% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global surface water sports equipment market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of surface water sports equipment.
The market is divided into the following segments based on geography: - Americas - APAC - EMEA
Technavio's report, Global Surface Water Sports Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors - AIRE - BIC Sport - Naish International - O’Brien - STARBOARD
Market driver - Growing number of water sporting facilities globally - For a full, detailed list, view our report
Market challenge - High degree of risk involved with surface water sports - For a full, detailed list, view our report
Market trend - Artificial water sporting experiences - For a full, detailed list, view our report
Key questions answered in this report - What will the market size be in 2021 and what will the growth rate be? - What are the key market trends? - What is driving this market? - What are the challenges to market growth? - Who are the key vendors in this market space? - What are the market opportunities and threats faced by the key vendors? - What are the strengths and weaknesses of the key vendors?
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Methodology Research methodology is based on extensive primary and secondary research. Primary research includes in-depth interviews with industry experts, vendors, resellers and customers. Secondary research includes Technavio Platform, industry publications, company reports, news articles, analyst reports, trade associations and the data published by Government agencies.
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