NEW YORK, Aug. 19, 2021 /PRNewswire/ — The global canoeing and kayaking equipment market size is expected to grow by USD 105.37 million during 2021-2025, progressing at a CAGR of almost 2% during the forecast period. AIRE Inc. (US), Airhead Sports Group (US), Aqua Marina (China), BIC Sport (France), and Confluence Outdoor (US) are some of the key market players entailed in this in-depth market analysis.
The growing preference for recreational kayaking, an increasing number of paddle sports contests, and rising interest in soft adventure sports activities are some of the major factors propelling market growth. In addition, surging awareness of novel water sporting categories and fitness benefits associated with canoeing and kayaking, and rising demand for distribution through online channels and retailers are some of the prominent trends anticipated to boost the market growth positively in the forthcoming years. However, factors such as high costs of canoes and kayaks leading to preference for rentals, increasing preference for rental kayak and canoes, and inconsistent raw material prices might create hindrance for the market to flourish.
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Canoeing And Kayaking Equipment Market: Product
The market report segments this market based on products into Canoes and kayaks, and Accessories. The canoes and kayaks segment constituted the largest segment in 2020, while the smallest segment was accessories. The 2020 market position of all the segments will likely remain the same in 2025.
Canoeing And Kayaking Equipment Market: Distribution Channel
The report mainly covers four canoeing and kayaking equipment distribution channels including sports goods retailers, department stores, hypermarkets, and supermarkets, online retail, and others. The sports goods retailers segment constituted the largest segment in 2020, and the market position of this segment is likely to remain the same by 2025.
Canoeing And Kayaking Equipment Market: Geographic Landscape
By geography, the regions covered in this report are North America, Europe, APAC, South America, and MEA. North America ranked first as the largest region, while MEA was the smallest region in 2020. In addition, 41% of the growth is likely to be generated from North America with US and Canada being the key markets for canoeing and kayaking equipment in the region.
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Related Reports:
Companies Covered
- AIRE Inc.
- Airhead Sports Group
- Aqua Marina
- BIC Sport
- Confluence Outdoor
- GUMOTEX akciova spolecnost
- HYSIDE Inflatables
- Johnson Outdoors Inc.
- Malibu Kayaks
- NRS
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2020, 2021, till 2025
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Canoeing And Kayaking Equipment Market 2021-2025: Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist in canoeing and kayaking equipment market growth during the next five years
- Estimation of the canoeing and kayaking equipment market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the canoeing and kayaking equipment market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of canoeing and kayaking equipment market, vendors
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Market characteristics
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 – 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Canoes and kayaks – Market size and forecast 2020-2025
- Accessories – Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Sports goods retailers – Market size and forecast 2020-2025
- Online retail – Market size and forecast 2020-2025
- Others – Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
- Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America – Market size and forecast 2020-2025
- Europe – Market size and forecast 2020-2025
- APAC – Market size and forecast 2020-2025
- South America – Market size and forecast 2020-2025
- MEA – Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
- Industry risks
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- AIRE Inc.
- Airhead Sports Group
- Aqua Marina
- BIC Sport
- Confluence Outdoor
- GUMOTEX akciova spolecnost
- HYSIDE Inflatables
- Johnson Outdoors Inc.
- Malibu Kayaks
- NRS
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
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