Global Rafting Equipment Market 2017-2021

Overview of the global rafting equipment market

The global rafting equipment market is anticipated to grow at a steady rate and will post a CAGR of close to 2% during the forecast period. The growing number of water sports facilities worldwide will be one of the major rafting equipment market drivers the next four years. One of the major factors responsible for the growing demand for rafting equipment is the surge in water sports sector, which is highly labor intensive and creates stable employment opportunities. Also, many economies are taking initiatives to promote the growth and expansion of water sporting facilities on a global level. For instance, the Water Sports Industry (FAWI) project aims at improving the facilities for the water sports industry. Furthermore, focusing on key elements such as sustainable development, upgrades, quality improvements, and cross-border collaborations in the water sports segment, will increase the rafting equipment industry growth.

In terms of geography, the Americas accounted for the majority market share during 2016 and will continue to dominate the market during the forecasted period. One of the major factors responsible for the market segment’s growth in the region is the rising participation rates in paddle sports such as paddling, canoeing and kayaking, rafting, and stand-up paddle boarding.

Competitive landscape and key vendors

The global rafting equipment market is highly competitive and diversified due to the presence of a large number of regional and international vendors across the globe. These vendors increasingly compete against each other based on factors such as price, quality, brand, and variety.

Key vendors in this market are -

• AIRE
• HYSIDE Inflatables
• Maravia
• NRS
• SOTAR

Other prominent vendors in the market include AIRHEAD, Aqua Marina, Rave Sports, Vanguard Inflatables, and Wing Inflatables.

Segmentation by type and analysis of the rafting equipment market

• Inflatable rafting boats
• Protective rafting gear
• Rafting accessories