The analysts forecast the global wakeboarding equipment market to grow at a CAGR of 12.43% during the period 2017-2021.
Global Wakeboarding 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.
One trend in market is innovation in technology of wakeboarding equipment. A rise in the launch of innovative water sports equipment including in-the-water sports equipment is expected to contribute to the growth of the market during the forecast period. The key competitors in the market are innovating their products in terms of design, color, shape, and weight to meet the needs of individual consumers.
The demand for water sports equipment is increasing as the number of beginners transitioning to seasoned recreational water sports enthusiasts is rising. Thus, many water sports equipment manufacturers are launching new lightweight and advanced equipment to cater to their requirements. The wakeboarding industry is one of those industries that are witnessing many advancements in technology since its inception.
One driver in market is growing popularity and subsequent adoption of wakeboarding. Water sports, including scuba diving, surfing, wakeboarding, and snorkeling, have become an inherent part of recreational activities in the past decade. Recently, there has been increased emphasis on water sports by various government bodies, especially tourism boards, in an attempt to increase the revenue generated from the tourism industry.
Several promotional campaigns are being run by governments and tour operators in different countries; these are adding to the popularity and associated growth of the water sports industry on the whole. Changing demographics and lifestyles, along with an increase in recreational expenditures, have helped in increasing the popularity of outdoor sports.
- Eyson Lifesaving Equipment
Other prominent vendors
- Body Glove
- Dive Rite
- Rave Sports
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by product
Part 07: Market segmentation by distribution channel
Part 08: Geographical segmentation
Part 09: Key leading countries
Part 10: Market drivers
Part 11: Impact of drivers
Part 12: Market challenges
Part 13: Impact of drivers and challenges
Part 14: Market trends
Part 15: Competitor landscape
For more information about this report visit https://www.researchandmarkets.com/research/zxtl22/global