Surface Water Sports Equipment Market Projected To Raise At USD 19,577.5 Million By 2030


 San Francisco, 14 Nov 2024: The Report Surface Water Sports Equipment Market Size, Share & Trends Analysis Report By Sports Type (Paddle Sports, Ski Sports, Board Sports), By Price Range, By Distribution Channel (Sporting Goods Retailers), By Region, And Segment Forecasts, 2024 - 2030

The global surface water sports equipment market size is expected to reach USD 19,577.5 million by 2030, and is anticipated to grow at a CAGR of 5.0% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market is undergoing significant transformation, fueled by the growing popularity of water sports, technological advancements, and a rising focus on health and wellness.

As more people turn to outdoor water sports activities for recreation and fitness, the demand for high-quality water sports gear is on the rise. This report explores the latest trends, key growth drivers, manufacturers' strategies, and emerging opportunities in this dynamic market. With the rise of adventure tourism, water sports such as kayaking, paddleboarding, and jet skiing are becoming major attractions. Many destinations are promoting eco-friendly water sports activities, further boosting the demand for related equipment.

Technological innovations are revolutionizing surface water sports equipment. Gear now features smart capabilities like GPS tracking, fitness monitoring, and advanced safety enhancements, including automatic inflators on life jackets, which appeal to tech-conscious consumers.

Water sports are valued not only for their recreational appeal but also for their health benefits. Activities like paddleboarding and kayaking provide excellent cardiovascular exercise, and the growing wellness trend is encouraging more people to invest in equipment that supports enjoyable fitness routines.

The market is poised for sustained growth, propelled by innovative product designs, impactful campaigns, strategic collaborations, and expanding distribution networks. Manufacturers and industry stakeholders have substantial opportunities to leverage shifting consumer trends and solidify their presence in the global surface water sports equipment market.

Leading brands are prioritizing research and development to meet market needs with innovative products. Companies such as Hobie and Naish are consistently launching new designs and materials to improve performance and enhance the user experience.

Access Research Report of Surface Water Sports Equipment Market @ https://www.grandviewresearch.com/industry-analysis/surface-water-sports-equipment-market-report

Surface Water Sports Equipment Market Report Highlights

  • Based on sports type, the board sports equipment segment possess a share of 52.5% in 2023. Many of these sports, including board sports, can be enjoyed in coastal areas, lakes, and rivers, making them widely accessible to a large number of enthusiasts. The growing availability of surf schools, rental shops, and accessible coastal locations has further fueled the growth of these activities.
  • Based on price range, premium priced segment is expected to witness a CAGR of 5.2% from 2024 to 2030.Premium priced equipment frequently integrates cutting-edge technological advancements, including upgraded materials such as carbon fiber and advanced composites, improved hydrodynamics, and smart features such as GPS tracking and performance analytics.
  • The sale of surface water sports equipment through online distribution channels is expected to witness a CAGR of 5.7% from 2024 to 2030. Many manufacturers are increasingly shifting to direct-to-consumer sales through their websites, bypassing traditional retail channels. This strategy enables them to offer lower prices and exclusive products, which in turn boosts online sales.
  • North America held a market share of 38.3% in 2023. The rising interest in these sports is fueling demand for related equipment. In North America, higher disposable incomes allow consumers to invest more in recreational activities and premium-quality gear.

Surface Water Sports Equipment Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 14,600.0 million

Revenue forecast in 2030

USD 19,577.5 million

Growth rate

CAGR of 5.0% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

List of Key Players of Surface Water Sports Equipment Market

  • Belassi GmbH
  • Blue Sea Watersports
  • BomBoard LLC
  • Decathlon SA
  • Escalade Inc.
  • Imagine Nation Sports LLC
  • Johnson Outdoors Inc.
  • Kent Water Sports LLC
  • KJK Sports
  • Marine Products Corp.

Access Press Release of Surface Water Sports Equipment Market @ https://www.grandviewresearch.com/press-release/global-surface-water-sports-equipment-market

About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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