Analysts at Ken Research in their latest publication “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”
believe that the market would register a CAGR of around 8% during the period
2017-2022.
The report provides a comprehensive analysis of global
kiteboarding equipment market. The report covers market introduction, market
nature, value chain analysis and market size on the basis of consumer
expenditure. Market segmentation based on 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 have
been well interpreted and presented in the report. The report also includes
competitive landscape, company profiles for major players (Cabrinha, Naish
International, F-One, North Kiteboarding, Switch Kites, Crazy Fly and Slingshot
Sports) in the market, market share of major players and analyst
recommendation.
The report will 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, distributors, specialty sporting
goods stores, kiteboard equipment manufacturers, 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.
• Kiteboarding
equipments especially Kiteboards and Kites in the price range of USD 401 – USD
800 are the highest selling products in the market. These are generally bought
by retail customers through company stores, specialty stores, online stores and
in hypermarkets.
• US has
been the market leader in terms of manufacturing and consumption demand of
kiteboarding equipments worldwide. Major players operating in the region
includes Cabrinha, Naish International and Slingshot. 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
kiteboarding gear products would continue to dominate sales within the
kiteboarding equipment category in the forecast period.
In the recent years it has been observed that an
investment for the kiteboarding infrastructure is rising and this shall act as
a strong supporting factor for the kiteboarding equipment market. It would
result in well-established kiteboarding infrastructure. Sustainability is being
considered as the most important factors before production by the manufacturers
in the market. Hence, it is expected that more eco-friendly and recyclable
equipments shall be introduced in the market in the coming years. Americas is
expected to be the leading geographical region in the global kiteboarding
equipment market in the coming five years. The region is anticipated to witness
an increased participation from the female participants in the coming years
raising the overall participation rate in the sports. The region shall be
followed by Europe, APAC and MEA. The move to include kiteboarding into the
2020 Tokyo Olympics has been initiated by the World Sailing Executive Committee
and the International Olympic Committee (IOC), which is trying to include
events that appeal to the youth and encourage gender equity in the Olympic
Games. As the sport of kiteboarding meets both criteria, the committee is
pushing for its inclusion. The IOC has planned to allocate a medal for the
sport. This is expected to raise the popularity of the sport in the coming
years.
For more information on the research report, refer to below link:
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Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
