The
report titled “Global
Kiteboarding Equipment Market by Equipments (Kite Boards, Accessories, Kites
& Protective Gear), by Region (Americas, Europe, APAC & MEA), by New
& Existing Demand, by Distribution Channel (Company Stores and Specialty
Stores, Online, Hypermarkets and Others) and by Equipment Price-Outlook to 2022”
by Ken Research suggests that increase in rental facilities by the manufacturers and rise in
tourism would continue to aid the global kiteboarding equipment market.
Rising interest in
the rafting sport by recreational tourists and sports enthusiasts worldwide and
rise in marketing initiatives taken by various entities in the value chain
especially rafting camps & tourism boards across the globe have been
regarded as the key drivers of growth in the global market during the year
2012-2017
The market
displayed a moderate growth at a CAGR of ~% in terms of consumer expenditure. The
major factors that have supported growth in the market are growing popularity
and adoption of the sport as a recreational activity, rising number of water
sports facilities across the globe, an increased demand for eco-friendly
kiteboarding equipments, growing investment on associated infrastructure and
others. Americas dominated the market in terms of consumer expenditure followed
by Europe, APAC and MEA during the year 2012-2017. The Americas is popular for
its well-established water sports infrastructure and active consumer group
which makes it the best region for water sporting activities. Millennial and
teenagers are the key customer set for water sports in the region. In Americas,
the US is regarded as the best destinations for kiteboarding due to the
abundance of water bodies like oceans, lakes, rivers, lagoons and various flood
plains in the region. Kiteboards are the most sold kiteboarding equipment in
terms of consumer expenditure during the year 2012-2017. The market houses
substantial numbers of suppliers and manufacturers who together comes up with
competitive products in the market. Some of the major players in the kiteboarding
equipment market include Cabrinha, Naish International, North Kiteboarding and
others. APAC region also
witnessed growth in demand for Kiteboarding equipments with an increase in both
consumption and production especially in Australia, Taiwan,
Indonesia, Vietnam and Japan.
Middle East and Africa has accounted for the lowest share in the Kiteboarding
equipment market in 2017
For more information on the research report, refer to below link:
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