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Technavio’s market research analyst predicts the global water sports gear and equipment market to grow at a CAGR of more than 5% between 2016 and 2020. The market for water sports gear and equipment is primarily driven by the rising curiosity of consumers in outdoor recreational activities, accessibility to a wide range of water sporting equipment and facilities, and augmented e-commerce businesses, especially in the Americas. Such increased participation rates across all age groups for water sports have led to the establishment of many water sporting facilities across the globe. Recently, various government bodies have actively started accentuating the promotion of water sports to increase the revenue generated from the tourism industry worldwide. With the growing inclination towards recreational water sports, the global water sports gear and equipment market will witness a significant growth over the next four years.
In 2015, the global water sports gear and equipment market was dominated by the Americas, which is also expected to be the fastest-growing region in the market during the forecast period. Much of the region’s growth can be attributed to the rising popularity of soft adventure sports, including some water sports. The millennial population segment accounts for the highest participation in water sports. The most popular water sports in the region are canoeing, fishing, kayaking, rafting, sailing, scuba diving, snorkeling, stand-up paddle boarding, surfing, water skiing, and wakeboarding.
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 sports
PART 07: Market segmentation by product
PART 08: Market segmentation by retail format
PART 09: Geographical segmentation
PART 10: Key leading countries
PART 11: Market drivers
PART 12: Impact of drivers
PART 13: Market challenges
PART 14: Impact of drivers and challenges
PART 15: Market trends
PART 16: Vendor landscape
PART 17: Appendix
PART 18: Explore Technavio
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