Latest News- Canoeing And Kayaking Equipment Market: Sports goods retailers is expected to lead the Distribution Channel segment during 2025-2029

The Canoeing And Kayaking Equipment Market is being driven by Growing preference for recreational kayaking

The Canoeing And Kayaking Equipment Market is expected to grow at a CAGR of 2.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 157.9 million. The global canoeing and kayaking equipment market is poised for significant growth due to the increasing popularity of indoor water sports facilities. These man-made structures provide an alternative to traditional outdoor water sports, which can be costly and require travel during specific seasons. The availability of artificial water bodies for canoeing, kayaking, and rafting is a key trend that is expected to boost market growth. This development caters to the demand for water sports participation throughout the year, making it an attractive option for enthusiasts and athletes. Despite the initial investment in water sports equipment being higher than traditional sports gear, the convenience and accessibility offered by indoor facilities are driving demand. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Sports goods retailers
  • Department stores/hypermarkets and supermarkets
  • Online retail
  • Others
• Product
  • Canoes and kayaks
  • Accessories
• End-user
  • Recreational
  • Tourism
  • Sports
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • Japan
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing preference for recreational kayaking
• Increasing number of paddle sports contests
• Rising interest in soft adventure sports activities

However, the market also witnesses some limitations, which are as follows:

• High costs of canoes and kayaks lead to preference for rentals
• Rising fatalities during paddleboarding
• Inconsistent raw material prices

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Market Scope in Canoeing And Kayaking Equipment Market Research Report

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Research Analysis Overview

The Canoeing and Kayaking Equipment Market encompasses various elements including hull construction, deck design, and cockpit design. Seat cushions and adjustable backrests ensure comfort, while storage compartments, paddle leashes, safety whistles, bilge pumps, and navigation equipment ensure safety. First aid kits, emergency gear, and repair kits are essential for unexpected situations. Paddle sports clubs, organizations, and associations promote techniques for canoeing, kayaking, paddleboarding, whitewater, sea kayaking, and safety procedures. Responsible recreation includes paddling etiquette, environmental conservation, waterway preservation, and sustainable paddling.

Market Research Overview

The global leisure products market, a segment of the larger household durables market, encompasses various categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. Within the sports equipment sector, the canoeing and kayaking equipment segment exhibits significant growth potential. This segment includes inflatable kayaks, folding kayaks, sit-on-top kayaks, sit-inside kayaks, whitewater kayaks, touring kayaks, recreational kayaks, and sea kayaks. The market's expansion is driven by the rising trend of outdoor activities and the increasing number of health and fitness club memberships, which has led to a surge in demand for recreational equipment like canoes and kayaks. The global household durables market size is calculated based on the combined revenue generated by manufacturers of household durables, including leisure products. Technavio forecasts that this market will experience robust growth due to the aforementioned factors, as well as the growing popularity of water sports and the increasing disposable income of consumers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/