DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Flyboarding Equipment Market 2017-2021" report to their offering.
The report, Global Flyboarding Equipment Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
water sports like scuba diving, surfing, and snorkeling have become an inherent part of recreational activities over the past decade. Recently, various government bodies have actively started promoting water sports to increase the revenue generated from the tourism industry across the globe. Many promotional campaigns are being run by both local governments and tour operators in several countries, which, in turn, are resulting in the growth of the water sports industry at large. Changing demographics and lifestyles, along with an increase in recreational expenditures, have been aiding in increasing the popularity of outdoor sports.
Further, the report states that flyboards are relatively highly priced, and this tends to restrict potential market growth, especially among people engaging in flyboarding casually. The average cost of quality flyboards is more than $5,000, which restricts high scale of adoption of flyboards among individual consumers. Also, most of the customers, especially in countries such as Indonesia and Cambodia, are reluctant to use such high-priced flyboards, which in turn affects the revenue of the global flyboard market. Moreover, casual flyboarding enthusiasts tend to rent flyboards rather than buying it, which further hampers growth.
Key vendors
- Adidas
- DEFY WaterFlight
- FlyDive
- Stratospheric Industries
- Zapata Racing
Market drivers
- Increasing popularity and subsequent participation in water sports
- For a full, detailed list, view the full report
Market challenges
- High costs of flyboards leading to a preference for rentals
- For a full, detailed list, view the full report
Market trends
- Fitness benefits associated with flyboarding
- For a full, detailed list, view the full report
Companies Mentioned
- Adidas
- DEFY WaterFlight
- FlyDive
- Stratospheric Industries
- Zapata Racing
- Billabong
- Body Glove
- Dive Rite
- Johnson Outdoors
- Cressi
For more information about this report visit http://www.researchandmarkets.com/research/zk6jkj/global
