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. Enthusiasts and athletes no longer need to travel long distances during specific seasons to participate in their preferred water sports activities. Artificially created environments, such as wave pools, artificial lakes, and water parks, provide controlled conditions for various water sports, thereby boosting market growth. The convenience and accessibility offered by these facilities are expected to attract a larger consumer base, driving market expansion. 

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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 is experiencing significant growth, driven by travelers seeking adventure tourism experiences. Infrastructure development at popular destinations by firms internationally caters to the millennial and Gen Z populations. Social media and user-generated content fuel brand visibility, enabling targeted advertising. Equipment offerings include T-tops, Canoe Livery with Oar, Punt, Rowlock, Kneeboards, Wakeboards, and more. Water Sports, a popular leisure activity, encompasses Outdoor and Recreational Activities like Mountaineering, Surfing, and Snowboarding. Brands aim to increase market share by catering to diverse interests.

Market Research Overview

The Surface Water Sports Equipment market is a significant segment of the larger Global Leisure Products Market. This market encompasses various categories such as sports equipment, musical instruments, camping equipment, recreational vehicles, bicycles, toys, and other consumer-oriented games. According to Technavio's market research, the global household durables market size is determined by the consolidated revenue generated by manufacturers of household durables, which include consumer electronics, home furnishings, homebuilding products, household appliances, houseware and specialties, and leisure products. The growth of this market will be fueled by several factors, including the surge in travelers seeking adventure tourism experiences, the expansion of infrastructure at international tourist destinations, and the increasing preference among millennials for experiential activities. The growing memberships in health and fitness clubs is another key driver, as water sports offer an excellent way to maintain an active lifestyle.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/