Latest News- Surface Water Sports Equipment Market: Surfing is expected to lead the Type segment during 2025-2029

The Surface Water Sports Equipment Market is being driven by Growing number of water sporting facilities globally

The Surface Water Sports Equipment Market is expected to grow at a CAGR of 8.2% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 15.75 billion. The global surface water sports equipment market is poised for significant growth due to the increasing availability of indoor or man-made water facilities during the forecast period. These artificial water bodies offer a solution to the high costs and travel requirements associated with traditional surface water sports. Wave pools, artificial lakes, and specialized water parks create controlled environments for various water sports activities, making them accessible to a larger consumer base and driving market expansion. Despite the initial investment, these facilities are expected to provide a lucrative return due to the increasing demand for year-round water sports participation. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • Surfing
  • Boarding
  • Sailing
  • Skiing
  • Others
• Product
  • Apparel
  • Others
• Distribution Channel
  • Hypermarkets and supermarkets
  • Wholesalers and distributors
  • Exclusive stores
• Price
  • Mass
  • Premium
• Geography
  • North America
    • Canada
    • Mexico
    • US
  • Europe
    • France
    • Italy
  • APAC
    • China
    • India
    • 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 number of water sporting facilities globally
• Fitness benefits associated with surface water sports
• Growth in online retail of surface water sports equipment

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

• High degree of risks involved with surface water sports
• Unfavorable weather conditions
• Fluctuations in raw material prices

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Market Scope in Surface Water Sports Equipment Market Research Report

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Research Analysis Overview

The Surface Water Sports Equipment Market encompasses various product categories, including inflatable and rigid kayaks, sit-on-top and sit-inside models, tandem and single kayaks, Stand-Up Paddleboards (SUP), electric motors, and propulsion systems. Additionally, it covers stand-up paddleboarding, marine navigation, water sports training, schools, and clubs. Key events, competitions, tourism destinations, resorts, rentals, accessories, clothing, backpacks, bags, electronics, safety equipment like first aid kits, emergency beacons, and insurance are also part of this market. Water sports enthusiasts require constant updates on tides, currents, innovations, trends, and safety measures.

Market Research Overview

The Surface Water Sports Equipment market is a significant segment of the larger Global Household Durables Market, which encompasses categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-focused games. According to Technavio's market analysis, the global household durables market size is determined by the collective revenue generated by manufacturers of household durables, including consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The expansion of the global leisure products market will be fueled by several key factors, including the surge in health and fitness club memberships. Over the past decade, membership numbers in these clubs have experienced consistent growth, and the industry's potential is attracting an increasing number of establishments.. 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/