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Technavio’s market research analyst predicts the global flyboarding equipment market to grow steadily at a CAGR of above 3% by 2021. One of the primary growth drivers for this market is the rising popularity and subsequent participation in water sports across the globe. This factor will significantly increase the flyboarding equipment market size in the forthcoming years. Water sports like scuba diving, surfing, and snorkeling have become a significant part of recreational activities over the past decade. To capitalize on this growing popularity of water sports, various government bodies have actively started promoting water sports to increase the revenue generated from the tourism industry.
Multiple promotional campaigns are being run by both local governments and tour operators in several countries, which, in turn, are resulting in the growth of the water sports industry at large. Moreover, changing demographics and lifestyles, coupled with an increase in recreational expenditures will propel the flyboarding equipment market development during the forecast period.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by retail format
PART 07: Market segmentation by product type
PART 08: Geographical segmentation
PART 09: Key leading countries
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
Tags: protective gears, surfing, outdoor sporting goods, outdoor gear, flyboarding equipment business segment, outdoor gear top companies,
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