The report provides a comprehensive analysis of global canoeing and kayaking equipment market. The report covers market introduction, market nature, and value chain analysis and market size on the basis of consumer expenditure in great detail. Market Segmentation by Equipments (Canoes & Kayaks and Gear & Accessories), by Region (Americas, Europe, APAC & MEA), by New & Existing Demand and by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets/Department Stores/Supermarkets and Others) have been given prime importance. The report also includes competitive landscape, major competition parameters, entry barriers and company profiles of major players (BIC Sport, Ocean Kayak, Malibu Kayaks and Aqua Marina and others) along with analyst recommendation. The report facilitate the reader with the identification and in-depth analysis of the existing and future trends and issues that impacts the industry and has anticipated growth in the future depending upon changing industry dynamics in coming years. The report is useful for water sports equipment manufacturers, canoe & kayak manufacturers, distributors, specialty sporting goods stores, department stores, e-commerce portals, customers and other stakeholders to plan their market centric strategies in accordance with the ongoing and expected trends in the future.
Analysts at Ken Research in their latest publication “Global Canoeing & Kayaking Equipment Market Outlook to 2022 – by Equipments (Canoes & Kayaks and Gear & Accessories), by Region (Americas, Europe, APAC & MEA), by Distribution Channel (Company Stores and Specialty Stores, Online, Hypermarkets/Department Stores/Supermarkets and Others)” have anticipated that the global canoeing and kayaking market would register a CAGR of around 3.1% during the forecast period.
Canoeing & kayaking equipments in the price range of USD 1,500 and above have been the highest selling products in the market. These are generally bought by professionals through company stores, specialty stores, and online stores. Technological advancement such as the introduction of Sit on Top Kayak and Damage Tolerant Inflatable Personal Flotation Device would drive the market demand in future.
US have been the market leader in terms of manufacturing and consumption demand of Canoeing & Kayaking equipments worldwide. Major players operating in the region include NRS (North West River Supplies), Johnson Outdoors, HYSIDE and SOTAR. These players would dominate the competition landscape even in the forecast period due to higher investments done towards new product launches and brand marketing activities.
Owing to rise in stringent government regulations expected in future, protective Canoeing & Kayaking gear products could surge growth of accessories segment in the forecast period.
The technological advancements being brought by the major players in the market are expected to raise the replacement rates of necessary equipments. The players in the market are expected to sponsor events and host various regional and national championships and tournaments so as to encourage youngsters to take up canoeing & kayaking professionally. Americas is expected to dominate the market in the coming five years. The region is expected to grow faster owing to rising interest among the people for paddle sports activities. An increased participation from all the age groups especially women is expected to surge regional growth. Artificial water bodies are being constructed such as The US National Whitewater Center has the largest artificial river in the world, which is suitable for rafters and kayakers. Similarly, the Kielder Water is one of the largest man-made lakes in the region, which has established itself as a popular destination among adventure tourists for canoeing. Such artificial water bodies shall raise the participation rates in the coming years as they would entail beginners with higher accessibility for the sport.
Key Topics Covered in the Report
Canoeing and Kayaking market
Gear and accessories of Canoeing and Kayaking market
Global Canoeing and kayaking equipment market
Water sports equipment market
Lifespan of Canoeing and Kayaking equipment
APAC Snorkeling equipment market
Canoeing and kayaking participation in US
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Ankur Gupta, Head Marketing & Communications