Global Wakeboarding Equipment Market 2017-2021: Product Segmentation and Forecasts by Technavio

Technavio has announced the release of their 'Global Wakeboarding Equipment Market 2017-2021' report (Graphic: Business Wire)

???pagination.previous??? ???pagination.next???

LONDON--()--According to the latest market study released by Technavio, the global wakeboarding equipment market is expected to grow at a CAGR of more than 12% during the forecast period.

This research report titled ‘Global Wakeboarding Equipment Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This report also includes an up to date analysis and forecasts for various market segments and all geographical regions.

According to Brijesh Kumar Choubey, a lead analyst at Technavio for retail goods and services research, “Increased interest in recreational water sports is expected to be a key driver for the growth of the global wakeboarding equipment market during the forecast period.”

Request a sample report: http://www.technavio.com/request-a-sample?report=57274

Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.

The market research analysis categorizes the global wakeboarding equipment market into three major product segments. They are:

  • Wakeboarding protective gear
  • Wakeboards
  • Wakeboarding clothing

Global wakeboarding protective gear market

Wakeboarding protective gear consists of life jackets, boots and bindings, and helmets. Protective gear is important for wakeboarders as this sport is one of the most injury prone sports. Increasing awareness of injuries, especially concussions, is the key reason driving the protective gears segment. Stringent rules to wear the protective gears will continue to drive the demand for protective gear during the forecast period.

However, this product segment faces challenges such as the long-life cycle of the equipment. Wakeboarders use the same protective gear for years. Such slow replacement is a challenge to the growth of the market.

Global wakeboards market

The most important equipment of wakeboarding is wakeboards. Choosing the right size of wakeboards counts for safe riding. On an average, a six-feet tall rider should go for a wakeboard whose length is between 138 and 142 centimeters. And, a five-feet tall rider should go for 128-134 centimeters of wakeboard length. Wakeboards are available in different styles based on consumers' preferences like wakeboards with and without bindings. The demand for this equipment will not fall as it is the essential equipment for this sport, which is an additional factor contributing to the growth of the market.

Global wakeboarding clothing market

The clothing segment consists of shorts, swimsuits, and vests. Swimsuits are the most preferred clothing among consumers. There is an increase in interest for this sport for leisure as well as exercise, which will lead to the growth of the market over the next five years. Key competitors operating in the clothing segment are also investing to come up with innovations and styles in swimwear to cater to both men and women.

“Vests are mainly used to provide relief to wakeboarders in case they become overexerted while in the water. These vests are highly recommended for children and people who are not proficient swimmers," says Brijesh.

The top vendors highlighted by Technavio’s consumer and retail market research analysts in this report are:

  • Eyson Lifesaving Equipment
  • Hyperlite
  • O’Brien
  • Ronix

Browse Related Reports:

Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like luggage, pet supplies, and retail systems. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.

About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com